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Brantly's annotated Bland's Reports, Chancery Court 1809-1832
Volume 198, Volume 2, Page 275   View pdf image (33K)
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CONTEE v. DAWSON.—2 BLAND. 275

have been married; and consequently as to those two-sixth parts
of this legacy it is now ascertained, they must certainly go to the
two infants, on their becoming qualified to take; or equally among
the four in whom the interest in the legacy has already vested.
And therefore these children have now such a contingent interest
in the preservation of those two shares as entitles them to ask
the aid of this Court in having them placed in a state of security
until the happening of those events which are to determine to
whom they are to be paid.

As between these plaintiffs and the defendant Eleanor Dawson,
and also between her and her co-defendants, the children of the
*late Margaret E. Clerklee, the whole case as to the right
to the two-sixths of this legacy, as well as regards the great 293
peril in which they now stand, considering the misconduct of the
late trustee William Dawson; and the sinking condition of his
estate has been fully made out by the pleadings and proofs; and
therefore, I conceive it to be my duty to have those two shares
brought into Court and invested in some secure and productive
form for the benefit of these children of Margaret R. Clerklee,
who may eventually become entitled to them.

As to the nomination of a trustee to make such investment, and
the kind of security in which it shall be made, I shall expect to
have the suggestions of the parties when the auditor shall have
made a report as directed.

The late trustee William Dawson, in his life-time, distinctly ad-
mitted, that the proceeds of the sale he had "made of the stock in
which this legacy had been invested, and some interest since the
death of Robert Clerk, his co-trustee, as before mentioned, (the
amount of which interest to be now ascertained by proofs to be
laid before the auditor,) amounted to the sum of $2,406 14s. 2d.
sterling. And therefore, this defendant Eleanor Dawson, his exe-
cutrix, must be charged with the principal of that amount for the
benefit of these legatees. One-sixth part of that amount has vested
in each one of the daughters of Margaret R. Clerklee who is now of
full age or has been married. And consequently, from the time
the share so vested and became payable, the trustee, being in de-
fault, must be charged with interest thenceforward on the sum
awarded to the claimant. And the trustee must be charged with
interest on the whole sum from the death of Margaret K. Clerklee
until a share vests; when a due proportion of the whole is to be
awarded to the claimant with interest; and the trustee charged with
interest on the residue of the principal until the next share vests
when a proportion of the whole is to be awarded to the claimant
with interest from that date, and so on until the whole legacy is
disposed of. But as it is admitted, that the share which vested in
Ann Russell Contee has been satisfied, the trustee must be credited
for that as of the day of the death of Margaret Eussell Clerklee.

 

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Brantly's annotated Bland's Reports, Chancery Court 1809-1832
Volume 198, Volume 2, Page 275   View pdf image (33K)
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