Roman Catholic Orphan Asylum v. Emmons

The Surrogate.

The testatrix made the following bequest in her will: “ First, I give to the Eoman Catholic Orphan Asylum, in the city of New York, all future dividends and *148income of all my shares of the capital stock of the Mechanics’ Bank, so usually called, in tlie city of New York. I am advised that this operates as a gift of the shares themselves to . said Asylum, and such in effect is my intention; but I would hope that from the form of the gift, the legatees would continue the fund invested either where it now is or elsewhere, as part of their productive estate, and endeavor to get along…