ESTATE OF J. C. BEIDEMAN.
No. 2042---May 12, 1874.
CUSTODY OF FUNDS BY ADMINISTRATOR.---An
administrator is entitled to the custody of funds of the estate and may deposit
them in bank to his credit; and unless it appears that he has used the funds
for his own benefit, he will not be chargeable with interest, even though his
accounts are not absolutely methodical.
COMMISSIONS OF ADMINISTRATOR.---Extra
allowance made when the estate has been particularly laborious in management.
Construing
sections, C. C. P., 1581, 1618.
S. S. Wright, for administrator.
C. T. Botts,
for contestants.
By the COURT: The
account of the administrator is contested, "because he has not accounted
for interest on moneys of the estate which were
mingled with his own funds and used for his own purposes." S. H. Parker was executor from July, 1865,
till his death in March, 1866; W. R. Satterlee and J.
W. Brumagim then administered until death of Mr. Satterlee in December, 1866, since which Mr. Brumagim has been and is sole administrator. During Mr. Brumagim's
sole administration he received and disbursed large sums of money. His receipts aggregate over $600,000, and at
times he had large sums in hand. He made
various deposits with banking institutions, not as special deposits, but in the
way of accounts, and drew against the same in various sums at various
times. The amounts and dates of moneys
received and paid by him do not correspond with the amounts and dates of moneys
deposited with and withdrawn from the banks; it does not clearly appear that no
moneys of the estate were used for purposes other than for the estate; nor does
it clearly appear that the administrator has mingled the funds of the estate
with his own, or that he has used them for his own purposes. While the accounts have not been kept in such
a methodical manner as that himself or any other
person can give a satisfactory explanation of them in detail, yet I find
nothing in them from which to question his integrity. This objection is overruled.
The administrator charges $27,104.79 as
commissions. The entire estate
administered upon is $752,570.14; the commissions upon which allowed by law are
$30, 232.80. In 1868, in settling the
accounts of the former administrators, $5,626 was allowed for S. H. Parker's share, and $5,626 for Satterlee
and Brumagim.
The present administrator was a party to those allowances, and he is
bound thereby. He is entitled to the
balance, $18,980.80, as his share. He
claims that he is entitled to extra compensation for extraordinary
services. Almost the entire property of
the estate was involved in litigation.
That litigation was conducted by the administrator and his attorneys to
a successful result, and the large sum of $752,570.14, in money and other
property, has been realized, of which $426,985.77 has gone to devisees and
legatees, and the remainder has been accounted for in the various accounts. In my opinion, at least $200,000 has been
added to the value of the estate by the manner in which the same was
managed. His extraordinary services for
the three years from December, 1866, were of the value of $6,000, and he is
allowed that sum.
Transcribed
by Sue Wood.
© 2007 Sue Wood.
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