Faber v. Glashagen's Estate

This is an appeal from a judgment of the circuit court affirming an order of the probate court, denying allowance of a claim filed by the appellant, Harry M. Faber, in the estate of Paul C. Giashagen, deceased.

About 3 years prior to his death, Giashagen became a resident of Mason county. He had conducted a real estate and investment business at Chicago before coming to Michigan. His operations were financed by “depositors” whose moneys were usually secured by an interest in real property or in mortgages thereon. Separate accounts were kept with these depositors in “Pass Books” showing their…