Jacobs's Trust Estate

Opinion by

Mr. Justice Drew,

By deed of trust dated November 4,1926, John Jacobs transferred to the Girard Trust Company various securities having a face value of nearly $800,000, in trust to pay the income to his wife for life, and upon her death to himself for life, and upon the death of the survivor of them to his living children for life. Further provisions were made regarding the distribution of the principal upon the death of the children. It was stipulated in the deed that “during the lifetime of grantor all investments and reinvestments shall be made in accordance with his…