Sielcken v. Sorenson

Herman Sielcken, a New York merchant, took into partnership John E. Sorenson and Thorlief S.B. Neilsen, two of his employes. He retained ownership of the capital investment and assumed responsibility for the losses of the business; they were to have twenty-five per cent. of the profits. The partnership continued from 1913 to 1917. Sielcken died a few days after the dissolution, in Germany, where he resided, testate, leaving his estate, after pecuniary legacies, to his widow, Clara Sielcken, now Schwarz, and appointed the now Irving Trust Company of New York, executor of his will to administer…