In re the Estate of Kruger

Wingate, S.

From the days of the Evangelists, if not earlier, it has been recognized that one of the primary duties of a fiduciary is to make productive the fund in his hands and not to keep it “ laid up in a napkin.” (Luke 19:20-23; Matt. 25:14-28.)

This obligation has received repeated and universal recognition by the courts of this country since the earliest times, it being recognized that an executor or other representative who, through neglect, fails to obtain interest on funds in his hands, becomes personally liable for the equivalent. (De Peyster v. Clarkson, 2 Wend. 78, 87, 88; Dunscomb…