MATTER OF BANKERS TRUST CO.


208 Misc. 72 (1955)

In the Matter of the Accounting of Bankers Trust Company, as Trustee of Legal Common Trust Fund B.

Surrogate's Court, New York County.

March 11, 1955.


Attorney(s) appearing for the Case

Webster Sandford for trustee, petitioner.

Charles Tolleris, special guardian.

Jules K. Lindenburg, special guardian.


FRANKENTHALER, S.

The account of the trustee of the common trust fund reflects the redemption of United States Savings Bonds, Series G, the receipt of less than the face value thereof, and the allocation of the loss to the principal account. The special guardian who represents beneficiaries interested only in principal, objects to this charge, contending that the loss should be charged wholly against income.<...

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