McGraw's Estate

Opinion by

Mr. Justice Schaefer,

The question here involved is whether the trustee of the Estate of John J. McGraw was authorized by his will to invest in common stocks. The auditing judge concluded that such investments were improperly made and surcharged the trustee with the amount of them, directing that they should be replaced by cash. On exceptions, a majority of the court came to the contrary view and decided that the investments in common stocks were proper under the terms of the will and set aside the surcharge, holding that Wood’s Est., 130 Pa. Superior Ct. 397, 197 A. 638, ruled the…