Fidelity Union Trust Co. v. Union Cemetery Asso.

Special Master Lynch, to whom the matter was referred, as advised in an earlier opinion (102 N.J. Eq. 100) has found and reported the value of the cemetery turned over to the Union Cemetery Association, as of October 25th, 1912, to be $440,000, to which the association has taken exception, contending, as it did before the master, that the criterion of appraisal of the cemetery should have been farm-land value plus expenditures for cemetery purposes, whereas the master took for his guide the value of the land as a cemetery, including the expenditures, and arrived at the figure upon the…