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Brantly's annotated Bland's Reports, Chancery Court 1809-1832
Volume 198, Page 49   View pdf image (33K)
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LATIMER v. HANSON.— 1 BLAND. 49

believes that was the suit which induced the petitioners to require
the investment.

"The trustee further states, that not having succeeded in his
endeavors to invest the said funds, and the petitioners and their
counsel being acquainted with the progress of the said suit of
Hanson v. Murray, and often attending the Chancery Court, and
not having called upon him to report, he had every reason to be-
lieve, that they were satisfied, that the funds should remain as
they were. The trustee further states, that even if he were charge-
able with interest in this case it would be going a great length to
charge him from the moment the order to invest was made, which
the auditor, at the instance of the petitioner's solicitor, has done."

On the 18th of August, 1825, Sarah H. Smith, with James Smith
and Edward T. Bond, filed an amended petition, giving a more
particular account of the nature of the claim and judgment men-
tioned in her petition of the 9th of August, 1819, and stating that
she had assigned it to the two other petitioners; that the personal
estate of the late Charles Wallace was totally insufficient to pay
his debts; and praying that their claim might be paid out of the
proceeds of the sale of his real estate now in this Court; and that
notice might be given to the heirs, devisees, and legatees. To
this petition Charles W. Hanson, one of the devisees, filed his
answer, on the 17th of November, 1825, in which he says, that he
does not know of or admit the said judgment, or the correctness
*thereof, or that the same is justly chargeable on the funds
deposited in this Court. And he also pleads, and relies 56
upon, the Act of Limitations of 1715, ch. 23, s. 7, as a bar to the
judgment.

C., 29th August, 1825. — The trustee having made a
further report on the 14th of July last, shewing cause in obedience
to the order of the 17th of March last, the parties were heard by
their counsel, and the proceedings and proofs in relation thereto
were read and considered.

It is conceived there can be no doubt, that this Court has the
power to make such an order as that of the 31st December, 1821;
and, under the then circumstances of this case, its propriety was
evident. Spring v. The South Caro. In. Comp. 6 Wheat. 519; 1
Harr. Pra. Chan. 256; 2 Fowl. Excli. Pra. 287. A person who is
appointed a trustee by this Court is not bound to accept the trust;
or to continue in the office longer than he chooses; but, so long as
he does consent to act in that capacity, he is bound to obey the
orders of the Court. In this case the trustee might have refused
to take upon himself the risk, and trouble of executing the order
of the 31st December, 1821; but, if he thought proper to refuse,
he was bound immediately to apprise the Court of his determina-
tion, and to bring in those proceeds, then in his hands, which the
4 1B.

 

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Brantly's annotated Bland's Reports, Chancery Court 1809-1832
Volume 198, Page 49   View pdf image (33K)
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