Baird v. Peoples Bank & Trust Co. of Westfield

MARIS, Circuit Judge.

The facts giving rise to the order of the District Court for the District of New Jersey from which this appeal is taken are contained in the pleadings, admissions and stipulations of the parties. In 1927 Robert Rees Sinclair, hereinafter .called the testator, died a resident of New Jersey leaving a will in which he named the defendants trustees of his residuary estate, amounting to more than $874,000, in trust “to invest .and reinvest the same in lawful securities.” 'The trustees were to pay the income to the testator’s son, Robert Rees Sinclair, and ■daughter, Shirley…