Bold v. Mid-City Trust & Savings Bank

Mr. Presiding Justice Friend

delivered the opinion of the court.

Defendant seeks the reversal of a decree entered by the circuit court sustaining the master’s report and granting the relief prayed in complainants’ amended bill.

The essential facts disclose that December 2, 1927, Joe Kahn, father of the two complainants, then aged 12 and 16 years respectively, entered into a written agreement with Mid-City Trust and Savings Bank creating a trust for the benefit of his children, and designating the bank as trustee. Thereafter he transferred to said trustee securities valued at $2,000. The…