In re the Accounting of Bourne

Edgar F. Hazleton, S.

This is a motion to deny the accounting trustees their commissions. The trust being accounted for contained shares of the capital stock of the Singer Manufacturing Company of which one of the two trustees, John Morton, is an executive officer. The account shows that the two trustees, on July 10, 1957, sold to the Singer Manufácturing Company 8,543% shares of the capital stock of said company for $361,921.24. At the time of said sale, there existed a stock purchase plan whereby those associated with the company could purchase shares of its stock held by the company. The…