In re the Estate of Blodgett

Foley, S.

In this accounting proceeding objections and supplemental objections were filed to the account of the trustees by Stephen W. Blodgett which, in general, attack the legality of an investment made by the trustees in the sum of $15,000 in the form of a mortgage participation authorized by former section 188 of the Banking Law (now section 100-b). Claim was made that the amount of the mortgage was excessive and beyond the statutory limit of the value of the real property as to the placement of mortgages. Other grounds of alleged negligence were charged. It was •further contended that the…