Etting v. Marx's
U.S. Circuit Court for the District of Eastern Virginia
In Chancery. Samuel Marx, of Richmond, Virginia, died in the fall of 1860, leaving a large estate, consisting in part of real estate, but chiefly of valuable stocks and bonds.
Read the full summary
In Chancery. Samuel Marx, of Richmond, Virginia, died in the fall of 1860, leaving a large estate, consisting in part of real estate, but chiefly of valuable stocks and bonds. He left a will appointing bis brother Dr. Frederick Marx, his nephew Edward Mayo, both of - Richmond, and another who never qualified, his executors, and also trustees 'for the trusts created by his will; and devised to Frederick Marx, and certain of his adult nephews, certain portions of his estate in absolute right, and to his executors the residue thereof; but charged them as trustees, as to these portions, with…
1Opinion of the Court
Hughes, D. J.
There is little to be considered in this case, except the liability of the estate of Frederick Marx for the scaled value of the confederate money, which, in 1864, or chiefly in that year, he invested in confederate bonds. No one disputes that these bonds were an illegal object of invest-*678meni. All investments in them have been irrevocably decided to be void, as having been made “in aid of the rebellion.”
It is not charged, however, that there was, on the part of the deceased trustee, any fraudulent motive or intention, moral or political, in making the investments. There is no…
2Cases cited9 opinions
- Continental Improvement Co. v. SteadSupreme Court of the United States · 1877
- Badger v. BadgerSupreme Court of the United States · 1865
- Godden v. KimmellSupreme Court of the United States · 1879
- McKnight v. TaylorSupreme Court of the United States · 1843
- May v. SloanSupreme Court of the United States · 1879
4 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- Standard Oil Co. of New Mexico, Inc. v. Standard Oil Co. of CaliforniaCourt of Appeals for the Tenth Circuit · 1932
- Badger v. BadgerU.S. Circuit Court for the District of Massachusetts · 1862