People v. Carpenter

This is an appeal by the executor of the last will of Augustus A. Carpenter, deceased, from an order of the county court of Cook county fixing the amount of tax for which the estate is liable under the Inheritance Tax law, which went into effect July i, 1909.

Augustus A. Carpenter died testate in 1911. On November 28, 1905, he executed a trust agreement, by which he deposited $155,000 in bonds with the First Trust and Savings Bank of Chicago. The trust agreement appointed the First Trust and Savings Bank trustee of said bonds, and authorized and directed said trustee to collect all interest…