Krupnick v. Peoples State Bank

WYCHE, District Judge.

Plaintiff in this action seeks a decree to direct that certain bonds originally put into a certain trust account be delivered by him to the defendant, and that the defendant thereupon pay to him the amount that the trust was depleted by purchase of the bonds, less any liquidating dividends thereon. The facts have been mostly stipulated, and are substantially as follows:

On November 17, 1927, a trust agreement was made by William R. Pritchard in which the Peoples-First National Bank of Charleston, South Carolina, agreed to act as trustee, and wherein his wife and son, the…