*586a Request oí personalty is withstancSng" umitatkm. *584There can be no question that the clause of the will that was construed by the court, and from which finding this appeal is prosecuted, was an absolute bequest of the store building described and the stock of goods mentioned to Fred E. Turner; the only limitation being that after his death said property was to be converted into money and divided among the testator’s grandchildren. Said “Fred E. Turner shall collect the rents from said building, and out *585of the rents keep the building in good repair, and shall be entitled to all the profits of the mercantile business, or the interest on the money, as the case may be, and all the rents after paying for the repairs, as long as he lives.” This means that he has the absolute possession and control of said property, and all the income from the same, during his natural life. What estate did Fred E. Turner get under the law? In Gulick vs Gulick’s Ex’rs, 27 N. J. Eq. 498, the following is laid down as a rule: “Where an absolute gift is made in the first instance, followed by a limitation over on the death of the first taker, the absolute gift is not'defeated unless the gift overtakes effect. ’ ’ In the same case another rule is stated as well established, and that is that^ where a bequest of the income of personalty, without limit as to time, is given, the saméis equivalent to tbe gift of the principal. This decision is the affirmation of the same case in Gulick’s Ex’rs vs Gulick, 25 N. J. Eq. 324, where the same rules are announced; and these two cases are expressly approved by the supreme court of the United States in the case of Wellford vs Snyder, 137 U. S. 521, 11 Sup. Ct. 183, 34 L. Ed. 780. The doctrine of the latter case is to the effect that where the testator bequeaths a given amount of money to be invested by his executors to hold in trust, and the incometo be applied for use and benefit of the beneficiaries, the same constitutes an absolute gift of the principal. The circuit court of appeals for the Sixth circuit, in the ease of Martin vs Fort, 27 C. C. A. 428, 83 Fed. 19, through Judge Taft, said: “It is well settled that the bequest of personalty to a trustee for the use and benefit of another, without words of restriction, vests the absolute property in the fund bequeathed in the beneficiary. [Citing authorities.] And even words of limitation over are construed to be in harmony with the general intent of the testator to give an absolute property, if they can be reconciled with it.” In the Gulick case, 27 N. J. Eq- 498, it is established that this rule applies *586whether the gift is directly to a beneficiary, or indirectly to a beneficiary through a trustee. The application of this *• L rule to the clause of the will before the court places this construction upon it: That Fred E. Turner is given absolute* ownership in the property, whether it is considered as merchandise or as a sum of money to be invested for his benefit, and the subsequent attempt to limit it over fails. In Smith vs Beardsley, 2 C. C. A. 118, 51 Fed. 122, — an appeal from the Eighth circuit,' — the bill was filed for the purpose of quieting the title to certain real estate which had been conveyed by the widow. The clauses of the will being construed in the case were as follows: '‘Item 2d. That I do hereby require that all my just debts be paid, including my funeral expenses, out of my estate; that after which I do hereby give and bequeath to my beloved wife, Augusta M. Rector, all my estate, including all my goods, chattels, merchandise, moneys, choses in action, lands, and personal property, to be hers during her natural lifetime or widowhood, and no longer.” “Item 4th. And I furthermore will that at the death of my wife, or at her marriage, that an equal division of my estate be made to each of my above-named children by the executor of said estate.” The court say: ‘ ‘The will, therefore, does not transfer the title to any of the property to the children, nor does it create, technically, an estate by way of remainder in fee to the children.” The same is true of this will. It does not create, technically an estate by way of remainder to the grandchildren of the testator, but merely after the purposes of the testator are answered, during the lifetime of Fred E. Turner, then the residue should be paid to the designated parties. The court further said: “Taking the will as a whole, it cannot be construed to mean that the testator intended to only give to his widow the right to use the stock of goods, which formed the bulk of the estate, during her lifetime, and then, at her death, to divide the goods among the children. To *587avoid the patent absurdity of such a construction, counsel argue that it was the duty of the widow to convert the goods into real estate, or the like, in order that she could use the income, and that when the conversion took place the fee-vested in the children. ” This practically disposes of the case. If Fred E. Turner has the absolute right to take this property and hold it and use it during his lifetime, the executor can do nothing with it until his death (and the court, below so adjudged), and the purchasers of merchandise take a good title from his sale, then the grandchildren acquire whatever, if anything, he may leave at the time of his death. If that is the case, it is useless to try to preserve an estate over iu such class of property. And the law does no futile act. The court of appeals of the Sixth circuit had befo re it a will wherein the testator devised to his wife, “during her natural life,” personal property consisting of live stock and other personalty, together with real estate, and gave her a power of disposing of it for the- purpose of paying his debts, and after the death of the wife that the property unexpended was then to go to his children. And the court held, after a careful review of the authorities upon the questions involved, that the power of sale was not limited to the life estate given, but extended to the entire title, including the fee in the land, and that her sale- of it conveyed good title, and that it was only what she did not sell that went to the heirs after her death, — in other words, that she took a fee in both the personalty and the realty. Smith vs McIntyre, 37 C. C. A. 177, 95 Fed. 585. In Roberts vs Lewis, 153 U. S. 367, 14 Sup. Ct. 945, 38 L. Ed, 747, the supreme court of the United States had before it a will which gave the widow all of the estate, real and personal, with power to-dispose of the same so long as she would remain a widow, and then, if she should remarry, that the estate bequeathed her, or whatever remained, should go to his surviving children. The will had been to the supreme court of the *588United States before reported as Giles vs Little, 104 U. S. 299, 26 L. Ed. 745. The supreme court of Nebraska construed this will as giving the widow an estate in fee in both the real and personal property, and the supreme court of the United States approved that view and overruled Giles vs Little. In commenting on Smith vs Bell, 6 Pet. 68, 8 L. Ed. 322, which held in a will of this character that the life estate went to the widow, and the fee in the son, to whom it was devised, afterwards, the court calls attention to the fact that the court in that case had intimated that, if the power to sell or consume the whole personal estate during the lifetime of the widow was totally incompatible with the estate over, it would be void for uncertainty, and approved that distinction, but held in the case before it that it was not necessary to so hold, but, if it was, that the view of the supreme court of Nebraska that the widow took the fee would be fortified. In Patty vs Goolsby, 51 Ark. 61, 9 S. W, 846, the court say: “A bequest of a life estate in personal property, with the remainder over, gives the first taker, without any express power for that purpose, the absolute right to all perishable articles, or those like corn, wine, and other articles of food or drink, whose uses consist in their consumption, and he may dispose of them at pleasure unless restrained by other provisions in the will. * * * Bula power of disposal, as in this case, is not limited to perishable articles, or such as are consumed in the using but, gives to the life tenant the sole interest in all personalty, and leaves a subsequent limitation void. ” ‘ ‘But an unlimited and positive discretion in disposing of the fund for the individual advantage of one’s self and others confers an absolute interest on that individual.” Schouler, Wills, § 558. “A limitation over of a life interest upon alienation is good; but a provision, either in a deed or will, that a life tenant shall not alienate or anticipate (that is, a provision not that he and his assigns shall lose the estate on alienation, but *589that he shall be compelled to keep it, so that neither his grantees nor his creditors nor any third person can get hold of it or enjoy it), is void. This is true whether the interest be legal or equitable one, and whether it be in realty or personalty, ” — citing along list of authorities. Gray, Restr. Alien Prop: § 134. It is certain that Fred E.' Turner has full power to sell the merchandise and convert the same into money. The will expressly gives him the profits of the mercantile business, and requires him to keep the stock up, or, if the stock is converted into money, he is to receive the interest on the same. We are of the opinion that, so far, at least, as the merchandise is concerned, the interest of said Fred E. Turner under the lawr is an absolute interest, and not a life estate. The improvements of noncitizens in the Indian Territory are in the towns personal property for the purposes of taxation, but under the provisions of the act of June 28, 1898, known as the “Curtis Bill,” improvements on town lots may be used to secure to the owner of said improvements a fee-simple title, in which event such improvements would certainly become a part of the real estate. We are of the opinion that under Martin vs Fort, 27 C. C. A. 428, 83 Fed. 19, ‘ ‘a bequest of personalty to a trustee for the use and benefit of another, without words of restriction, vests, the absolute property in the fund in the beneficiary. In a bequest of personal property to a trustee, words of limitation over are to be construed, if possible, in harmony with the general intent of the testator to give an absolute property to the beneficiary. ” As to the building in this case, we express no opinion. We think the finding of the court below on this fourth clause should be set aside. Let the case be reversed.
Gill, Clayton and Raymond, JJ., concur.