In re the Estate of Thomson

O’Brien, S.

In this intermediate accounting by the trustees a question has been raised upon facts not disputed which goes to the validity of the investment of trust funds made by the trustees. In 1927 the Bankers’ Trust Company, one of the trustees, purchased by assignment from the Title Guarantee and Trust Company a mortgage for $310,000 made by the Lizrose Realty Corporation covering premises known as 1013-1023 Avenue J, Brooklyn, N. Y., the payment of which mortgage was guaranteed as to principal and interest by the Bond and Mortgage Guarantee Company. In December, 1927, the Bankers’ Trust…