Gilmore v. Tuttle

The Chancellor.

By the decree made in this cause on the 29th of May, 1880, it was adjudged that the trustee was accountable, in equity, not only for the moneys actually received by him but also for the value of the lands conveyed by him, as mentioned in the ninth paragraph of the bill; that value to be reckoned at what the lands were worth at the time of such conveyance, with interest thereon from that time. He did not secure proper payments for those lands, but accepted therefor the second mortgages taken by him, which proved worthless. It was also ordered that it be referred to a special…