Commonwealth Trust Co. Case

Opinion by

Mr. Justice Barnes,

The question before us in these appeals is whether there should be sustained various items of surcharge which the court below imposed upon the appellant, Commonwealth Trust Company (referred to as the “Trustee”), in the accountings made by it as trustee of an issue of mortgage bonds, and as trustee under a deed of trust.

There are no facts in dispute. In 1926 the Union Real Estate Investment Company, as the owner of a tract of land in the City of Harrisburg, subdivided it into building lots, and undertook to develop the property as a restricted residential section,…