Putnam v. Lincoln Safe Deposit Co.
Appellate Division of the Supreme Court of the State of New York
Appeal by the defendants, Charles H. Sturges, as executor, etc.,, of Mary Steiner Putnam, deceased, and others, from a judgment of the Supreme Court in favor of the plaintiff and certain of the defendants, entered in the office of the clerk of the county of Saratoga on the 13th day of February, 1903, upon the report of a referee.
1Opinion of the Court
Per Curiam :
The will of Robert M. Shoemaker, deceased, created a trust fund of about $200,000 for the benefit of his daughter, Mary Steiner Putnam, during her life, the remainder, upon his death, to go to her children, and appointed her husband, John E. 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…
2Cases cited4 opinions
- King v. . TalbotNew York Court of Appeals · 1869
- 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
3Cited by3 opinions
- Hoffmann v. Union Dime Savings InstitutionAppellate Division of the Supreme Court of the State of New York · 1904
- Griffin v. TrainAppellate Division of the Supreme Court of the State of New York · 1904
- Putnam v. Lincoln Safe Deposit Co.New York Supreme Court · 1906