Seamans' Estate

Opinion by

Mr. Justice Stern,

This case is concerned with the liability of a fiduciary for failure to convert nonlegal securities.

Harry W. Seamans died January 14, 1929, intestate, survived by a widow, an adult child, and four minor children. By the decree of the orphans’ court distributing his estate there was awarded in kind to Wendell P. Evans, duly appointed guardian of the four minors, a number of securities consisting of common stocks. Evans came into possession of these on September 2, 1930. He did not file an inventory. The oldest minor, William H. Seamans, whose estate is the subject…