Dunham Trust

Opinion by

Me. Justice Roberts,

On December 24, 1941, James H. Dunham, Jr. received 1250 shares of the Eureka Specialty Printing Company from each of his parents. Six days later Dunham executed a Trust Agreement creating an inter vivos trust, the corpus of which was the 2500 shares of Eureka stock. The agreement provided, inter alia, that “The Grantor . . . irrevocably and absolutely assigned, transferred and set over unto Margaret G. Dun-ham, mother of the grantor, during her lifetime any and all income paid or to he paid or arising from the aforesaid stock . . . .” (Emphasis supplied). It…