207 Pa. 446 | Pa. | 1904
Opinion by
The trustees of the estate of James Neel, in order to protect the interest of the estate in the partnership of Neel & Wempler, bought in a number of pieces of land at a receiver’s sale. These pieces were afterwards sold by the trustees at an advance of $10,522.25, and this amount was considered by them as properly belonging to the corpus of the estate, and not to be distributed as income. We agree with the view that the net gain arising out of the transaction should be treated as corpus, but we can see no good reason why the interest upon the money which was borrowed by the trustees in order to
The record is, therefore, remitted, with instructions to direct ' the trustees to credit to the income account, the sum of $1,463.92, which was charged against it for interest upon borrowed money; the costs of this appeal to be paid out of the estate.