Whittemore v. Equitable Trust Co.

This is a submitted controversy. A summary of the facts stated in the submission briefly follows: On December 27, 1921, Elizabeth L. Wilson, Carolyn W. Quarles and Henry Whittemore, Jr., executed and delivered to the Equitable Trust Company *694of New York, as trustee, a trust indenture dealing with personal property. The indenture provided that the trustee should hold the property and pay the income to Carolyn G. Whittemore for her life and, after her death, to her husband, Henry Whittemore, for his life. Upon the death of the survivor the principal of the trust was to be paid to the three…