Union Trust Company of Pittsburgh's Account

Opinion by

Mr. Justice Schaefer,

The question here involved is whether the securities, given by Henry C. Frick in his will to Princeton University, and now in the hands of the Union Trust Company of Pittsburgh, are liable to the four mills tax, payable to Allegheny County, because Princeton University turned them over to the Trust Company for control and management, under a trust agreement; the income therefrom being payable to the University and, of course, ultimately the corpus going back to it. The orphans’ court determined the tax not payable and the County of Allegheny appeals.

Unless we…