In re the Judicial Settlement of the Account of Proceedings of Lyall

Burr, J.:

While from the record before us we are convinced (and the special guardian concedes) that the trustees acted in good faith and for what they regarded to be the best interests of the estate in all these transactions, we are agreed that the investment^ made by the trustees in the securities enumerated under the heading “ Sales of reinvestments of proceeds of sale of Brighton Mills stock ” in Schedule A, section 2, of the account, and those enumerated in Schedule C of the account, are unauthorized either by law or by the will of the testator, and likewise, that the formation of the…