In Re Griggs

Virginia and Louise Griggs, as infant cestuis under a trust created by the codicil to the last will and testament of their grandfather, the late Governor John W. Griggs, seek to surcharge The Paterson National Bank, as trustee, for its failure to have disposed of certain shares of its own stock which it held in trust for them and all of which have greatly depreciated in value.

After making certain specific bequests and giving a life interest in certain of his property to his wife, the said testator, by his last will and testament dated March 24th, 1926, divided all the rest and residue of his…