Spaulding v. Cissell

Opinion by

Judge Pryor:

If a balance of either interest or principal is owing by the guardian at the end of any year from the time of his appointment, which ought to have been loaned out for the benefit of the ward in a reasonable time, but-which remained in .the hands of the guardian, he shall be charged with interest from the end of the year in which such balance arose and thereafter he shall be charged with interest upon interest in biennial amounts. 1 Revised Statutes 578.

It is made the duty of the guardian to loan out the ward’s money, and in effect to renew the paper once in two- years.…