40 N.J. Eq. 385 | New York Court of Chancery | 1885
By the decree made in this cause on the 29th of May, 1880, it was adjudged that the trustee was accountable, in equity, not only for the moneys actually received by him but also for the value of the lands conveyed by him, as mentioned in the ninth paragraph of the bill; that value to be reckoned at what the lands were worth at the time of such conveyance, with interest thereon from that time. He did not secure proper payments for those lands, but accepted therefor the second mortgages taken by him, which proved worthless. It was also ordered that it be referred to a special master to take and state the accounts of the trustee, and that the master charge the trustee in the account with the value of the lands and interest, according to that adjudication. The lands referred to were lots sold and conveyed by the trustee to Amelia B. Gilmore, by three deeds, one dated May 15th, 1871, for lots numbered from 14 to 22, including both of
No other exception.besides the two above considered was insisted upon at the hearing. There will be no costs of the exceptions awarded to either side.