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PEARSON v. McGRAW

No. 69.

308 U.S. 313 (1939)

PEARSON, STATE TREASURER OF THE STATE OF OREGON v. McGRAW ET AL., EXECUTORS.

Supreme Court of United States.

Decided December 4, 1939.

Attorney(s) appearing for the Case

Messrs. Willis S. Moore, Assistant Attorney General of Oregon, and Dean H. Dickinson, with whom Mr. I.H. Van Winkle, Attorney General, was on the brief, for petitioner.

Mr. Fletcher Rockwood, with whom Mr. Charles E. McCulloch was on the brief, for respondents.

MR. JUSTICE DOUGLAS delivered the opinion of the Court.

Hayes, respondents' decedent, died testate in 1936 and was at the time of his death a resident of and domiciled in Oregon. In earlier years when he had resided in the middle west he placed in possession of an Illinois trust company various stocks, bonds and other intangibles, which trust company acted as his agent in collecting principal and income on those securities and in the investment of his funds. When...

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