In re the Accounting of Chemical Corn Exchange Bank

This is an application for a judicial settlement of an account of a trustee of an inter vivos trust and for a construction.

The settlors herein are John H. Race and his wife, Alice Bannister Race. They created four inter vivos trusts, hereinafter called Race-Duluth Trust, Race-T. G. &. T. Trust, Race-Corn Exchange Trust and Race-Chattanooga Trust. Each trust terminated upon the death of the survivor of the donors.

*156Alice Bannister Race died April 22, 1940, a resident of New York, leaving a will wherein she devised and bequeathed all her property to her husband, also naming him executor. On…