Putnam v. Lincoln Safe Deposit Co.
Appellate Division of the Supreme Court of the State of New York
Appeal from Special Term, Saratoga County. Action by Robert M. S. Putnam against the Lincoln Safe Deposit Company and others-. From a judgment confirming a referee’s report in favor of plaintiff (80 N. Y. Supp. 961), defendant Charles H. Sturges and others appeal.
1Per curiam
The will of Robert M. Shoemaker, deceased, created a trust fund of about $200,000 for the benefit of his daughter *1092Mary Steiner Putnam during her life — the remainder, upon her death, to go to her children — and appointed her husband, John R. Putnam, as trustee thereof. Shortly after the death of the testator, the trustee received, in securities of various character, the full amount of the trust, which he administered on a trust basis for some years. A question arose in the mind of the trustee as to the validity of the trust, and he finally interpreted the language of the will as giving the…
2Cases cited5 opinions
- King v. . TalbotNew York Court of Appeals · 1869
- Albany County Savings Bank v. McCartyNew York Court of Appeals · 1896
- Eisenlord v. . ClumNew York Court of Appeals · 1891
- Wallace v. . StrausNew York Court of Appeals · 1889
- Lecour v. Importers & Traders' National BankAppellate Division of the Supreme Court of the State of New York · 1901