Rowland v. Kable

Spratley, J.,

delivered the opinion of the court.'

This case, involving the management of a trust estate, presents, in many of its aspects, a story that comes too frequently before the courts. The circumstances are so varied and complicated that we have not been cited to any reported case similar in all respects. The facts are so important to a correct decision as to warrant setting them out in extensive detail.

William H. Kable purchased, about the year 1894, all of the capital stock of the Staunton Military Academy, Incorporated, a corporation, which owned and operated a school known as the…