In re the Estate of Stutzer

Wingate, S.

The questions of testamentary interpretation here raised are direct products of the days of financial depression. The will was executed on April 9, 1932, and was admitted to probate about thirteen months later. The gross assets of the estate amounted to about $540,000, of which over $480,000 was in the form of stocks and bonds, the major portion of the balance consisting of cash. The net increase in the value of the securities which was realized during the period of the administration amounted to about $20,000 in addition.

The will, after making specific bequests • of various items…