New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1916-01-26

and served g such for 8 period u az
/ years until the estate was finally closed
in May 1915. .tz4... 3 s.. &
That said estate amounted to about
$3.50 100000, and consisted Of q large
number of comparatively small items Of
promissory notes, real estate mortgages,
land contracts and securities drawing
interest; small amount of stocks and
bonds, and three or four small parcels Of
real estate. FIN -
That the estate required the constant
attention and services of the executors
for more than one year after their ap-
pointment. That by August LIST 1910,
the bulk of the estate had been paid out
or transferred by the executors to lega-
tees and to the trustees under the trust
provisions of the will. And after that
time the estate required less time and
attention OH the part Of the executors,
but required time and attention at fire.
quent intervals until the final settlement
in May 1915. f..
That it further appears that Herman
Held and James Dougher qualified as
trustees under the trust provision of the
will in December 1909, and that there
after until March 1915, they were by
order: of the district court allowed a
salary of $500 per month each as such
trustees. - .|.>
The court finds that the services of
said Herman Held and James Dougher
as executors Of the estate of Jacob Penn
niger, were reasonably worth and of the
value Of $9000,0 90, Or $4500. 90, each
g.: That Messrs. Somsen, Dempsey q
Mueller were employed by the executors
as their attorneys during the entire time
Of the administration of said estate, and
the court finds the services performed by
said attorneys for the executors were
reasonably worth and OF the value of
more than $1123.15. ':-' .*:....-.:
a. That it appears that Herman Held
was indebted to the estate of Jacob
Pfenninger, in the sum of $3700.00, upon
land contract, drawing interest at the
rate of five per cent per annum. That
he was also legatee under the trust
provisions of the will and entitled to a
legacy of $40OO.00, Hereunder.
That it appears that on or about
March 1, 1914, an arrangement was made
whereby said legacy of 100000, was to
be applied upon the indebtedness of
Herman Held and that he at that time
gave a receipt for the legacy to the
trustees. That from March l., 1914, no
further interest was charged or collected
by the executors upon said land contract,
closed up and deed given until about
March 1915.
And the court finds that the executors
were justified in not charging interest on
said land contract after March /, 1914,
and that no interest thereon after March
l, 1914, was equitably due.
5. As to the payment of 100000,
to Mrs. Pfenninger for support it appears
that such payment was made pursuant
to an order of the probate court and the
evidence here does not show any good
cause for disappearing such payment.
As conclusions of law from the facts
found it is considered by the court, that
the respondents, Herman Held and
ia mes Dougher, as executors, are en-
titled to and have judgment herein that
the order of the probate court appealed
from be and stand affirmed, and that they
recover Of the appellants their costs and
disbursements herein.
Let judgment be so entered.
Dated January 81, 1916.
I. M. OLSEN
District Judge.