Ashbaugh v. Sinclair

Plaintiff Ashbaugh is the receiver of the First National Bank at Pontiac, which acted as a guardian for the defendants during their minority and had control of their estates. During the progress of the guardianship, the estates of the three minors, although having a net value of $80,000 at one time, did not include sufficient cash for their maintenance. The principal asset of the estates was an apartment house in the city of Highland Park, which was subsequently lost through mortgage foreclosure. The bank advanced money to itself as guardian for the' maintenance of the several wards, the…