In re the Estate of Smith

Delehanty, S.

Criticism of the trustee’s account is made because of an investment in a share in a mortgage on a plot of realty in this city. The entire investment (including additional moneys paid for carrying the mortgaged property after it was taken over - in foreclosure) is represented in the account by shares in a salvage corporation. Many grounds are urged in objecting to the propriety of the original investment and still further criticism Is directed toward the treatment of the investment after it was made. Since two of the objections raise fundamental questions they will be considered…