Lueders' Estate

Opinion by

Mr. Justice Stern,

Theodore H. Lueders died in 1924 leaving a will in which he bequeathed his residuary estate to trustees. Included in the trust were 240 shares of stock of the Phosphor Bronze Smelting Company. The income from this stock was to be paid to his wife for life, then to his granddaughter for life, and at the latter’s death the principal was to go to her children, and in default of such children to his heirs at law. Testator’s widow died in 1928; his granddaughter is living, married, but without children.

The capital stock of the Phosphor Bronze Smelting Company consisted…