Cunningham's Estate

Opinion by

Mr. Justice Maxey,

The question presented to us by this record is: Did the trustee bind itself to account in full for the principal amount of cash and securities originally deposited with it? The accounting trustee, Peoples-Pittsburgh Trust Company, as successor to Dollar Savings and Trust Company, in August, 1926, was in possession of trust funds for the beneficiary, Cunningham. From these funds it then purchased for his account three mortgage bonds of the Doubleday-Hill Electric Company, aggregating $3,000. It appears that the trustee was likewise trustee under the indenture…