Dorothy Pool 1895-1964

POOL, YOUNG, LAMB

Posted By: Michael J. Kearney (email)
Date: 12/31/2002 at 10:24:34

The Clinton Herald Friday January 31, 1964 p. 15 Death of Emma Lamb Young Heir Brings Fortune to Clinton Parks System Dorothy Pool Dies in Pasadena, Calif. A fortune of three quarters of a million dollars reverted back to Clinton today with the death of Dorothy Pool, 69 year-old granddaughter and direct heir of Emma Lamb Young, who died here in 1926. Miss Pool, who spent her long life under guardianship as an incompetent, was the only direct heir of Mrs. Young. Under the terms of Mrs. Young's will, the bulk of her estate was to be held in trust for her granddaughter, and then would revert at her death to the Clinton Park system and to various other local organizations. Miss Pool died early today in Las Encinas Sanitarium in Pasadena, Calif., where she had been hospitalized for many years. The body will be brought to Clinton for interment in the family lot in Springdale cemetery, with the Snell-Smith funeral home in charge of arrangements. Word of Miss Pool's death was received today by the City National Bank, which has held the Young estate in trust. Miss Pool was the daughter of Marvin and Grace Young Pool. He mother was the only daughter of William E. and Emma E. Lamb Young. Under the terms of Mrs. Young's will, Miss Pool has been receiving the income of a $600,000 trust, now estimated at about $750,000. Bank officers said today that Miss Pool's death terminates certain portions of the trust, and that the Clinton Park Board and various charitable organizations of Clinton would receive the estate. Definite information was not available today as to the beneficiaries and the amounts they would receive. However in the most recent court action concerning the Young fortune (the Albert McCoy trust in 1955-58) interested parties named included the YMCA, YWCA, Associate Benevolent Society, First Presbyterian Church and Jane Lamb Memorial Hospital. All had been named for initial bequests in Mrs. Young's will.
Clinton Herald Saturday February 1, 1964 p. 5 Private graveside services are tentatively scheduled for early next week for Dorothy Pool, 69 year old prime heir of the Emma Lamb Young estate. Specific funeral data has not been completed. The body is being returned here from Pasadena, Calif. for burial in the family lot in Springdale cemetery. The death of Miss Pool Friday terminates certain portions of a huge trust set up for her in the Emma Lamb Young will. The latter died in 1926. An estimated three quarters of million dollars will revert back to the city under will stipulations to be spent for "acquisition, maintenance and improvement of the public parks" of Clinton. Miss Pool was a granddaughter of Mrs. Young and the only remaining direct heir. An annual report on the Young estate is scheduled to be filed with the District Court by the end of March. The procedures in handling the remainder of the estate will be outlines by the Court.