In re the Judicial Settlement of the Intermediate Account of Proceedings of the Guaranty Trust Co.

O’Brien, S.:

This is an accounting proceeding by the Guaranty Trust Company, as trustee, of a trust created for the benefit of the testator’s daughter, Olga Jareckie, in which a question of the proper construction of the will of the testator as to investments of the principal of the trust fund is raised. The two paragraphs of the will involved in this question are the 3d and 8th.

The 3d paragraph reads in part as follows:

“ I give and bequeath to the Guaranty Trust Company of New York so many state, municipal or railroad bonds or other securities as may be found among my assets as amount at…