to manage his substantial assets. They would be shared by his children following his death (and, ultimately, that of his wife).

Real estate

In 1909, Phipps expanded his Cape Cod holdings to the entire 800-acre Great Island Yarmouth, Massachusetts, on Cape Cod. He purchased the remaining 50 acres from Charles B. Cory (1857-1921). The Cape Cod estate was next to Aberdeen Hall (which burnt down in September

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