In re the Final Accounting of Guaranty Trust Co.

This is a proceeding brought by the trustee of a trust created under an agreement dated May 10, 1911, for the final judicial settlement of the account of the trustee and for a construction of said agreement. By stipulation, there is presently for determination solely the construction question.

The income from the trust was to be paid to the settlor’s son, John J. Sullivan, for his life. He died on December 28, 1953; the principal was to be disposed of pursuant to paragraph 4th of the trust agreement, which reads as follows: “ This trust shall continue as long as my said son John J. Sullivan…