Majority
Headnote
1. Trusts—Breach of Conditions—Reconveyance to Donor.In 1865 the defendant Louisa Dean delivered to
the plaintiff in trust $10,000 upon certain conditions, and for a specific use. The trustee accepted the trust, and the defendant Griswold College accepted and agreed to the conditions. The plaintiff now brings this action, alleging, in substance, that defendant Griswold College, sole beneficiary,—at the time the trust was created a seminary of learning in Davenport, Iowa,—has neglected and refused to perform the conditions of the trust, and asks the direction of this court as to the trust fund and the accumulated interest. Defendant Louisa Dean admits the allegations of plaintiff as to neglect and refusal on the part of the beneficiary, Griswold College, and asks that the trust be declared at an end, and the trust fund be restored to her, as donor. Griswold College denies the neglect and refusal to perform the conditions, and asks that the trust be continued as originally created. The executors of Bishop Perry ask that the income from January, 1876, to date of his decease, in 1898, be paid to them, as holding the professorship for that term.
The evidence is so far undisputed that the facts are not difficult to find. It is plain that when this trust was created the donor of the trust fund had a definite purpose in mind, to wit, the creation of a theological professorship, to be known as “The Anthon Professorship of Systematic Divinity,” in Griswold College, and to
From the conclusion to which all the facts point, and following-the principle declared in Associate Alumni v. General Theological Seminary, 26 App. Div. 152 , 49 N. Y. Supp. 745 , there seems to be-no escape. The trustee should be directed to turn over to Louisa ^ Dean, the donor of the fund, both the corpus of the fund and the-' accumulations, and judgment is so-directed. Prepare decision and. judgment accordingly, and settle on notice. Ordered accordingly.