Worrell's Appeal
Supreme Court of Pennsylvania
Appeal from the decree of the Orphans’ Court, Philadelphia. This was an appeal by John R. Worrell, guardian of Mary E. Dayton, formerly Mary E. Jennings, from the decree upon his account. The main question .was whether he was liable for investment in stock of the Schuylkill Navigation Company. See the report, in 9 Barr 508, &c., in the case of a former appeal of the same appellant. John Jennings, of Philadelphia, died in 1832, leaving five children.
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Appeal from the decree of the Orphans’ Court, Philadelphia. This was an appeal by John R. Worrell, guardian of Mary E. Dayton, formerly Mary E. Jennings, from the decree upon his account. The main question .was whether he was liable for investment in stock of the Schuylkill Navigation Company. See the report, in 9 Barr 508, &c., in the case of a former appeal of the same appellant. John Jennings, of Philadelphia, died in 1832, leaving five children. At the instance of the widow, who was one of the executors of the will of the decedent, John R. Worrell accepted the guardianship of the five…
1Opinion of the Court
The opinion of the Court was delivered, by
Knox, J.
In Worrell’s Appeal, 9 Barr 508, it was held that this appellant was liable for an investment in the stock of the Schuylkill Navigation Company of moneys received by him for his ward. The decision was in accordance with former adjudicated cases, and has been followed by others of,, like import. It may now be considered as settled law, that in Pennsylvania an investment by a guardian or other trustee, unless authorized by the deed of trust, in the stock of an incorporated company, whether a bank, railroad, canal, manufacturing, or mining…
2Cited by7 opinions
- Taylor's EstateSupreme Court of Pennsylvania · 1923
- Commonwealth v. McConnellSupreme Court of Pennsylvania · 1910
- Mitchell v. OttingerCourt of Appeals for the Third Circuit · 1939
- Williams v. CobbCourt of Appeals for the Second Circuit · 1914
- Streater's EstateSupreme Court of Pennsylvania · 1915
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