Larned v. Adams
U.S. Circuit Court for the District of District of Columbia
Matthew Wright, by his will, dated May 15, 1847, after devising parts of his real estate, gave to his three nephews “$500 of the scrip or' stock in the Chesapeake and Ohio Canal Company standing in my name; also the stock standing in my name in the Farmers’ and Mechanics’ Bank of Georgetown, said stock being for $2,500; also $1,000 of the stock of the Franklin Insurance Fire Company of Washington standing in iny name.”
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Matthew Wright, by his will, dated May 15, 1847, after devising parts of his real estate, gave to his three nephews “$500 of the scrip or' stock in the Chesapeake and Ohio Canal Company standing in my name; also the stock standing in my name in the Farmers’ and Mechanics’ Bank of Georgetown, said stock being for $2,500; also $1,000 of the stock of the Franklin Insurance Fire Company of Washington standing in iny name.” He then gave the sum of “$2,000 to A., and $1,500 to B., and $300 to C.” All these pecuniary legacies to be paid within three months after his death. Then follows this bequest:…
1Opinion of the Court
CBANCH, Chief Judge.
The question is whether this is a specific legacy of the stock, or a pecuniary legacy to be paid in current money out of the assets of the testator’s estate? We think it is a specific legacy of the stock to the nominal amount of $20,000. The gift to the nephews is of $500 of the scrip in the canal company standing in his name; also the stock standing in his name in the Farmers’ and Mechanics’ Bank; also $1,000 of the stock of the insurance company. These three stock legacies are clearly specific legacies. The sum mentioned only indicates the amount of the stock intended to…
2Cited by2 opinions
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