In re the Accounting of Shipule

Hazleton, S.

Three trustees are accounting in this proceeding. Two of the trustees, Julius Rothschild, and the North Fork Bank and Trust Company, ask to resign, or in the alternative be given instructions in respect to the investment of the funds of the trust because of differences of opinion concerning same. Since filing the account, Julius Rothschild died, thus leaving only two trustees, the widow and the bank. The trust created *959under the will, while initially for the benefit of individuals, will ultimately become perpetual charitable trusts for the benefit of the Salvation Army and the…