Jeffries Estate

Opinion by

Mr. Justice Bell,

The question involved is a very narrow one: Can the testamentary trustees purchase shares of stock?

Thomas J. Jeffries, testator, died on February 23, 1922, leaving a last will dated January 27, 1922. He left his residuary estate in trust for certain persons and purposes. Testator then provided in the Seventh item of- his will pertinently as follows: “Seventh : I confer power upon my Trustees during the activity of the trust: ... To retain any investments which I may have made, and to alter, vary, and change investments and reinvestments from time to time, without…