Deemer v. President of the Farmers Bank

Harrington, Chancellor:

Selden S. Deemer, late of the Town of New Castle, by item 12 of his last will and testament, bequeathed ten thousand dollars to the trustees therein named, directing them:

“* * * to pay the net income thereof or of the residue thereof in quarterly installments unto my (his) * * * brother, Prank J. Deemer, for and during the term of his natural life, and * * * * to pay yearly unto my (his) said brother, Frank J. Deemer, the sum of Five Hundred Dollars ($500.00) of the principal of said trust fund of Ten Thousand Dollars ($10,000.00) the first of said payments to be made…