Jones v. Integrity Trust Co.

Martin, P. J.,

Elisabeth M. Jones, the plaintiff, on Oct. 30, 1913, executed a deed of trust to defendant transferring certain specified securities in trust, to pay the net income to her during life, with remainder over.

The trustee was authorized to sell securities and reinvest the proceeds.

*807On March 24, 1923, the trustee purchased, out of funds of the estate, nineteen shares of the common stock of the United Gas Improvement Company.

In the early part of each year the ga,s company prepares statements of assets and liabilities as of the preceding Dec. 31st, when its fiscal year ends. According to…