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Reports of Cases in the High Court of Chancery of Maryland 1846-1854
Volume 200, Volume 4, Page 272   View pdf image (33K)
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272 HIGH COURT OF CHANCERY.
THE CHANCELLOR:
The consideration of the petition of George R. Vickers,
filed on the 7th instant, was deferred to this day, and notice
given to the petitioner's counsel, who desired to be heard. The
questions now must be disposed of without further delay.
In the opinion delivered by this court on the 4th of the
present month, its authority, and the propriety of investing
the large amount now lying idle, pending the appeal, was assert-
ed, and the power to make the investment is believed to be fully
supported by the case of Latimer vs. Hanson, 1 Bland, 51,
in which two successive Chancellors of this court maintained
the power without requiring or waiting for the assent of all the
parties interested.
The investment, therefore, must be made in the stock debt
of the state of Maryland, or of the city of Baltimore, the ap-
plication of the petitioner, Vickers, and of certain other parties
to receive the dividends upon giving refunding bonds being
deemed inadmissible.
Mr. Glenn in his answer to this last petition offers to make
the investment without charge on his part, whilst it is fairly to
be inferred from the terms of the recommendation of Mr. Alex-
ander that he is to be compensated in case he should be appoint-
ed trustee for the purpose. Indeed, without his previous consent
to forego commissions, he could not be denied some compensation
for the service.
[An order was then passed appointing Mr. Glenn trustee to
make the investment as above directed, upon giving bond with
approved security.]

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Reports of Cases in the High Court of Chancery of Maryland 1846-1854
Volume 200, Volume 4, Page 272   View pdf image (33K)
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