Hagan v. Platt

Pitney, V. C.

This is a bill by a trustee under a voluntary settlement against his cesituis , que trust for'a settlement of his accounts and for directions.

The only question requiring consideration is as to the apportionment between tenant for life and remainderman of a loss arising upon one of the investments of the fund. The investment was a mortgage of $1,200 upon real estate, and there was a default of interest in July, 1272. A foreclosure resulted, and the property was purchased by the trustee and finally sold in 1888, realizing only a trifle over the original investment, leaving a large…