King Estate

Opinion, by.

Mr. Justice Horace Stern,

This is the third, 1 hopefully the last, stage in the adjudication of the rights of the parties in this controversy.

Willis L. King died in 1936 having created in his will a trust for his widowed daughter-in-law for life with remainder to her three sons. Among the original assets, of. the trust estate were 778 shares of-7% cumulative preferred stock, and 783 shares of common stock, of the Jones & Laughlin Steel Corporation. In 1937 the trustee sold 300 of the latter shares leaving 483 shares of common in the trust. At the time of testator’s death unpaid…