FIRST NAT. BANK OF ST. PETERSBURG v. SOLOMON

No. 6653.

63 F.2d 900 (1933)

FIRST NAT. BANK OF ST. PETERSBURG v. SOLOMON.

Circuit Court of Appeals, Fifth Circuit.

March 24, 1933.


Attorney(s) appearing for the Case

Arthur R. Thompson and Dean Aikin, both of St. Petersburg, Fla., for appellant.

Billie B. Bush, of Tampa, Fla., for appellee.

Before BRYAN, SIBLEY, and HUTCHESON, Circuit Judges.


HUTCHESON, Circuit Judge.

On March 17, 1928, appellee, a widow, without experience in investing money, lodged with appellant as a compensated trustee to invest for her $8,000 of funds which had been left her by her husband. The purpose clause of the trust instrument recited that the funds had been received "to invest, re-invest, loan and re-loan said trust funds on any securities, properties and investments permissible by law for investment of trust funds, and upon...

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