Broad St. National Bank v. Holden

The bill is by the administrator of the estate of Pauline B. Jolly, for an accounting by the defendant as executor of his father's estate and also as trustee under a deed of trust executed by his father during his lifetime.

The two decedents, Edward R. Holden, Sr., and Pauline B. Jolly, were brother and sister. Mrs. Jolly owned one thousand five hundred acres of land in Texas, which, on March 5th, 1917, she conveyed to her brother, at his request, solely for his use as collateral for loans to be used in a business enterprise in which he was engaged. Simultaneously he reconveyed the property to…