26 N.Y. St. Rep. 238 | N.Y. Sur. Ct. | 1889
I have examined this case carefully, and such matters as have
been presented in a shape to enable me to consider them I have disposed of. The others, however, are left in such a condition, owing to the confused manner in which they are submitted, that I am obliged to defer their determination. The report of the referee consists of opinions and findings, facts and evidence, so commingled and run together as to make it extremely difficult, if not impossible, to ascertain definitely the grounds upon which he bases his conclusions, or to test their accuracy or correctness; and he has made contradictory findings of fact, no doubt by inadvertence. The report must be sent back for the purpose of having the referee state his conclusions of fact and law separately, and entirely dissociated from his opinion.
The amount of $462.63, respecting which the contestant, William E. Lawrence, filed his fourth objection, was not included in the trustee’s accounts, and very properly so. The amount was adjudged to be paid to the objectant by the decree made upon the former accounting, and was an adjudication and a determination enforceable in the usual way in which any other money decree or judgment could be enforced. Sections 2553-2555, Code Civil Proc.; Laws 1837, c. 460, §§ 63,64, as amended by chapter 104, Laws 1844; People v. Marshall, 7 Abb. N. C. 380. Obviously, simple, and not compound, interest could be charged on the amount of the recovery. What defenses might be successfully interposed to the attempted collection of its amount could be set up when the attempt to enforce it is made in a proper proceeding. If any claim were made herein by the contestant that payments to him which the trustee seeks to charge against funds, or for which he is now accounting, were not so paid, but paid on account of the moneys directed to be paid by the decree, it would, of course, be necessary to take into consideration such moneys in ascertaining the fact, and determining the extent of the interest of the contestant in the moneys now being accounted for. In no aspect of the case, however, can compound interest be awarded on the amount directed to be paid by the decree, or annual rests be taken in computing the interest. The account prepared by the referee will, he having allowed interest with annual rests to be charged on such amount, have to be readjusted.
The eleventh finding of the referee, respecting the profits upon the sale of the United States securities forming part of the trust fund, to whose income Isaac Lawrence is entitled, is plainly wrong. This profit is credited to income account, and allowed as income to the life beneficiary. It should have been added to the principal of the trust fund, and go as a part thereof to the party or parties eventually entitled to receive the corpus. The referee has found that the decree in the previous accounting is binding upon the other parties, but not upon Isaac Lawrence, as he was not cited to attend such accounting, and was not otherwise before the cou'rt in such proceeding. The proof of service of citation shows that he was served with the citation. It was, notwithstanding this, competent to show such was not the fact. Ferguson v. Crawford, 70 N. Y. 253. I do not decide whether the evidence was or was not sufficient to justify his finding in this regard. Nothing is now determined by me save the questions involved in the fourth objection of William E. Lawrence, and the eleventh finding of the referee, hereinbefore considered. I refer to the finding for the purpose of stating that, while the referee has made this finding, he has not indicated with sufficient explicitness the particular matters affected by it.
I am unable to ascertain definitely from the exceptions filed by the trustee whether any exception is intended to be interposed to the disposition which the referee has made of so much of his report as deals with the mortgage for $1,000 made by William E. Lawrence to the accounting party. The latter’s
