Graveley v. Graveley

The opinion of the court was delivered by

Mr. Justice McGowan.

This case was once before in this court (see 20 S. C., 99), to which reference is made for a full statement of the facts. It will there be seen that the action was for a legacy with its accumulations of interest given to the plaintiff, John Graveley, by the will of his grand uncle, John Grave-ley, deceased, against Maria Torrens Graveley, the widow of the deceased, and the executrix of his will; that the testator, John Graveley, sr., though born an English subject, had lived many years in the city of Charleston, in this State, where he had married, reared a family, and acquired most of his property; but that several years before his death he took his family with him to England, and there, June 27, 1862, executed his will, and on March 31, 1865, died, leaving his will in full force. The executrix qualified on the will in England and also in South Carolina, where a large part of the property still remained, as it had been invested by the testator in his life time.

By the will the testator gave to his nephew, the plaintiff, who was, and is, a citizen of Charleston, South Carolina, a legacy in the following words: “I give and bequeath two thousand dollars each to John Graveley and Francis Porcher Graveley, the sons *10of my nephew, Cowlam Graveley, to be held in trust for them by my executors, and paid them, with the accumulations of interest, as they respectively attain the age of twenty-one years,” &c. John Graveley, the legatee, attained the age indicated on September 18, 1879, and upon making application for his legacy, was informed that the executrix, in 1873, by the advice of eminent counsel, had laid aside and invested in English three per cent, consols such a sum of money as would, on March 31, 1866 (one year after the death of testator), have purchased two thousand dollars in legal tender notes of the United States, and added to said consols a further amount, being the interest on said sum at four per cent, from March 31, 1866, to date of investment. That the dividends from such invested consols were reinvested by the executrix from time to time in consols producing interest or dividends, and that upon the plaintiff arriving at age, the said alleged investment was sold, and the proceeds, less the English ‘•legacy duty,” were offered to plaintiff, if he would sign a receipt in full for the legacy. This the plaintiff refused to do, and claiming two thousand dollars, with South Carolina interest at seven per cent., payable annually from March 31, 1866, instituted this action to recover the same against Maria Torrens Graveley, as executrix, in the State of South Carolina.

The executrix claimed that the English was the domiciliary administration, and that of South Carolina was only ancillary, and that she could not be sued by a legatee for his legacy in the ancillary jurisdiction, even if the legatee were a citizen of that jurisdiction ; and. in addition to this defence, on general principles that this action could not be maintained against her as executrix in any jurisdiction, for the reason that, as executrix, she had settled the estate in full, and invested the legacy of plaintiff in British consols, and if liable at all, she was only liable in the character of trustee, for the said consols, in which the legacy had been invested. In the first judgment in the case this court held that the defendant was not discharged from responsibility for the legacy of the plaintiff by the alleged voluntary ex parte investment in English consols, and that she might be sued and the fairness of the alleged investment inquired into “by a proceeding in equity against the executrix as such, in any court where the *11executrix is amenable to account, in this country or in England.” But inasmuch as it did not appear with sufficient clearness whether the domicile of the testator, at the time of his death, was in England or America, or whether at the time the action was brought there were assets of the estate still remaining in this jurisdiction, the court remanded the case, “with leave to the plaintiff, if so advised, to amend his complaint by making proper allegations, so as to make the question of the domicile of the testator at the time of his death, and as to the existence of assets, their character, and amount of the estate of John Graveley in the State of South Carolina when the action was commenced.”

Accordingly the case went back, and it being referred without prejudice to master Sass to report the testimony, he reported on the question of domicile, “that when John Graveley, the testator, left Charleston in 1859 and returned to England, he did so with the intention of residing permanently in England, his native country, and without any intention of returning to America to reside there; and that he did reside in England from that time until his death, in 1865.” And upon the question of assets within the State, he found “that there stood at and before the commencement of this'action, and there now stands, in the name of Maria T. Graveley, as executrix of John Graveley, on the books of the State treasurer, State of South Carolina consol stock to the amount of $10,000; on the books of the Bank of Charleston, National Banking Association, six shares Bank of Charleston stock (par value $600); and on the books of the Charleston Gas Light Company, seventy-five shares (par value $1,875). And that the dividends, interest, and income from the foregoing property have been, up to the present time, drawn and received by Maria T. Graveley, as executrix of John Graveley; and also that she, as such executrix, received the insurance money of the buildings on said lot destroyed by fire, as aforesaid, and the purchase money for said lot,” &c.

The cause came up on exceptions to this report, and the Circuit Judge held that the domicile of the testator at the time of his death was in England; and that, as a consequence, the estate, whether in England or still remaining in South Carolina, must be administered according to the English law. But as it abun*12dantly appeared from the pleadings and facts admitted, that all the debts were paid, and that there are no legacies, either specific or of a general pecuniary character, except the one to be paid to the plaintiff, which are not provided for, and no further account for any purpose whatever is necessary, there could be no good and sufficient reason why the property here should be sent to England only to come back in the shape of a legacy to the plaintiff. And according to this view he proceeded to adjudge the rights of the parties, in obedience, however, to the English law. In doing so the judge held that the proper construction of the legacy for $2,000 was that it should be paid in gold or silver coin, or its equivalent, and that this sum, together with the English interest of four per cent, compounded, was now the true amount of the legacy, which less by the ‘‘legacy duty” paid by the executrix, he decreed should be paid to the plaintiff by the defendant, as executrix of the will of the testator, John Graveley, viz., $8,947.61, each party paying his or her own costs. The judge, however, dismissed the complaint as to William Watson, who was impleaded as original or substituted trustee under the residuary provision of the will, but denied ever having acted as such trustee ; and also as to Isabella Emma Graveley and Anna Julia Graveley, daughters of, and interested in, the residuum with the defendant, Maria Torrens Graveley, with the costs of these defendants to be taxed against the plaintiff.

From this decree both parties appealed. The plaintiff also, because he was charged with the costs of the parties, as to whom the complaint was dismissed.

Plaeitiee’s Exceptions. 1. Because his honor found “that when the testator left Charleston in 1859 the change was intended to be a permanent one,” and “that the testator was at the time of his death domiciled in England, and that the administration in England is the principal or chief, and that in South Carolina the ancillary, administration.”

2. Because his honor found as follows : “I am satisfied from the testimony that in England four per cent, was the amount of interest allowed on legacies,” and “the investments here are not in interest-bearing securities.”

8. Because his honor found as follows: “I also think that the *13ancillary executrix should reserve sufficient funds to meet any expenses necessarily incurred by the executrix of the domicile, and that there should be reserved from this fund and remitted a sufficient amount to repay the English executrix the amount of ‘legacy duty’ paid in England, with interest at the same rate, and counted in the same way — amounting at the time of this decree to $95.28 — leaving a balance to be paid to plaintiff of $3,947.61.”

4. Because his honor found as follows: “I do not think this is a case for costs to be paid either by the executrix out of her own or out of the estate of the testator.”

5. Because his honor ordered : “That the defendant, Maria T. Graveley, as executrix of John Graveley, deceased, do pay to the plaintiff * * * the said sum of $3,947.61, each party paying his or her own costs.”

And the plaintiff also appeals from the orders of Judge Fraser dismissing the complaint against defendants, William Watson, Isabella E. Graveley, and Anna Julia Graveley, with costs.

DEPENDANTS’ Exceptions. I. That his honor erred in holding that “there are, as alleged in the complaint, in this State certain assets held by the said Maria T. Graveley, as executrix, and more than sufficient to pay the claim of plaintiff, even if allowed to the full extent demanded, and these assets not having been turned over to any trustees named in the will, or trustees substituted in their places, are still a part of the estate.”

II. This was only as to an unimportant error of fact which has been corrected in the foregoing statement.

III. His honor erred in holding that it is admitted “that the assets in this jurisdiction are sufficient to pay this legacy, and are without any claims on them, except in favor of the residuary legatees under the will,” the defendant having throughout denied that the securities, now held by her in South Carolina, are in law “assets” of the estate of John Graveley, and having, in her answer and otherwise, insisted that these securities are not held by her as executrix, or as a part of “the estate” of John Grave-ley, but, on the contrary, are held as investments of the residue of the personal estate given by testator in his will expressly upon certain trusts, and are held by defendant, Maria T. Graveley, *14simply as bailee, subject to the demand of the trustees named in the will, or to the claims of their cestui que trustent, the residuary legatees, who reside in England.

IY. His honor erred in holding that the circumstances that the executrix does not set up that there are any debts to be provided for, either in the principal or ancillary jurisdiction, or that there are any legacies, either specific or of a general pecuniary character, except the one to be paid to the plaintiff in this case, which have not been provided for; and the circumstances “that there were funds in the hands of the English executrix applicable to this legacy, and that the funds for this purpose were invested in England, and that the assets in this jurisdiction are sufficient to pay the legacy, and are without any claims upon them, except in favor of the residuary legatees under the will,” are circumstances which make a very material difference in the matter of jurisdiction, or are such circumstances as would justify the courts of South Carolina, as courts of an ancillary jurisdiction, in assuming, by reason of the mere presence of such property of foreign residuary legatees, accidentally within the territorial limits of this State, a jurisdiction over a foreign domiciliary executrix, to try such foreign executrix in South Carolina as for a breach of trust or failure to perform her duty as such executrix in England, or are such circumstances as would warrant a court of ancillary jurisdiction in seizing upon property of residuary legatees and appropriating it to pay the demands of a mere pecuniary legatee of the testator, or to make good to him such alleged default or breach of trust committed by the domiciliary executor in England.

V. ^ His honor erred in holding that “it is not apparent Avhat reason there should be for not allowing the residuary legatee to sue, and not the pecuniary legatees, in the ancillary jurisdiction,” and should, on the contrary, have held that the residuary lega■tee, when allowed to maintain his action against an ancillary executor, under peculiar circumstances, sues in the ancillary jurisdiction, not for alleged breach of trust of the domiciliary executrix alleged to have occurred in his administration of the estate in the jurisdiction of the domicile, as is attempted by this plaintiff, but sues for “distribution”, and for such distribution of “the *15residue” as his own property, or as property in which he has an interest, or specific share, under the will; pursues the funds or property found within the ancillary jurisdiction as the vein — the subject matter of his suit — and sues the ancillary executor as the means of reaching and detaining the specific property (held by him to be remitted to the domiciliary executor for distribution by him under the will), whereas the pecuniary legatee has no claim for “distribution” ; is bound by the will and by the law of the domicile; has no privity of estate in the' assets; has no privity upon which to found his action as legatee, except through the executor of the domicile; has no claim on the property of the estate, except through such executor ; has no claim as general legatee on the assets found in the ancillary jurisdiction ; has no right to pursue such assets specifically, or to sue the ancillary administrator in respect of such assets, or for distribution, or as the subject matter of trust in his behalf; and has no claim whatever upon “the residue” belonging to residuary legatees in such ancillary territory.

VI. His honor erred in construing the will so as to read two thousand gold dollars, or “two thousand dollars, payable in gold.”

VII. His honor erred in holding “that this legacy, under the English law, which is presumed to be the same as ours, was required to be invested at annual interest, and that such principle is clearly deducible from the statements of the witnesses.”

VIII. His honor erred in holding that the law of South Carolina as to investments should be applied here in the case of this legacy.

IX.' His honor erred in holding that “whatever benefit there may have been to the English executrix in making the investment in consols, even if under any circumstances that fact could be made available here, has been lost, because the investment in the consols themselves has been sold by her, and only the proceeds offered to the legatee, and this solely in her capacity as English executrix. Besides this, there is no good reason shown why, in making that investment, the interest was limited only as simple interest, and not as compound.” And in holding “that the facts, therefore, on which this opinion of the English counsel *16is based, are not before the court, and may not be those on which in fact the rights of the parties depended.”

X. His honor erred in holding that compound interest from March 31, 1866, is to be charged against the defendant.

XI. His honor erred in taking jurisdiction of the accountability of an English domiciliary executrix for insufficient investment in a suit brought in South Carolina against an ancillary executrix by a pecuniary or general legatee.

XII. His honor erred in entertaining the complaint as if it were an action brought against the ancillary executor.

XIII. His honor erred in entertaining the jurisdiction in this case, as if it were an action brought against the ancillary executor “in respect of assets.”

XIY. His honor erred in adjudging “that Maria Torrens Grave-ley, as executrix of John Graveley, deceased, in this county and State, do pay to the plaintiff out of the assets standing in her name in this State as executrix the sum of three thousand nine hundred and forty-seven 61-100 dollars.”

XV. His honor should have dismissed the complaint and referred the plaintiff, for his alleged grievance or accountability, to the English courts, to whom the executrix was and is accountable for her actings and doings as executrix of the domicile.

We will not follow the exceptions of plaintiff and defendant, but endeavor to consider them in order as they arise in connection with the subject matter.

First. As to the domicile of the testator at the time of his death. There is a great deal of nice learning upon the subject of domicile, but we do not think it necessary in this case to go into it. Without reference to the distinction suggested between British and English born, there is no doubt that the testator came to Charleston as a foreigner, and there is no evidence that he was ever naturalized. For the purpose of enabling him to hold real estate and facilitating his business, he became a denizen under the South Carolina law, and nothing more. It is true that he immigrated to the State at an early age; that he prospered in business here, and accumulated a fortune, which was invested to a large extent in South Carolina stocks and securities ; that he married and had a family of children in Charleston, where he *17resided and did business as a merchant. But it seems that, like most Englishmen, he longed to return to the mother country and enjoy his -wealth and rear his family among his early friends. The master found “that he left Charleston in 1859 and returned to England with the intention of residing permanently in England, his native country, and without any intention of returning to America to reside there ; and that he did reside in England from that time until his death.” Upon this finding and consideration of the evidence, which is all in the brief, the Circuit Judge held that the testator, John Graveley, was domiciled in England, where he made his will and died, and we cannot say that such ruling was error. “A man’s domicile is, prima facie the place of his residence, but this may be rebutted by showing that such residence is either constrained or transitory.” 1 Jarm. Wills, 20, and note; 2 Wms. Exrs. (6 Am. Ed.), 1517, and notes.

Second. As to assets remaining in the State. The master found “that there stood at and before the action, and that there now stand, in the name of Maria T. Graveley, as executrix of John Graveley, certain South Carolina bonds and securities (describing them to a large amount), and that the dividends, interest, and income have been, up to the present time, drawn and received by Maria T. Graveley, as executrix of John Graveley,” &c. These South Carolina securities, still in the condition in which the testator left them, are in amount largely more than sufficient to pay the legacy ($2,000) of the plaintiff, and are in the possession or under the control of the defendant, Maria T. Graveley, as executrix of John Graveley. But it is denied that these securities can properly be called “assets” of the estate, for the reason that the executrix has paid all the debts and all the pecuniary legacies (except that of the plaintiff, and having “set aside” certain consols in England in full payment of that legacy), the estate of the testator should be regarded as substantially settled ; and these securities, although standing in her name as executrix, are really and equitably the property of the trustees named in the will, and are now held by the executrix “simply as bailee, subject to the demand of the trustees, or to the claims of their cestui que trustent, the residuary legatees, who reside in England.”

*18We cannot accept this view. These securities certainly were assets when the executrix took out letters testamentary in this State, by virtue of which alone she was enabled to control them. If so, when did they cease to be “assets” ? They were never transferred to herself as executrix in England. We hear of no final settlement or receipt of the trustee or the discharge of the executrix. Mr. Adams says : “It is not until the debts and legacies are paid and the residue ascertained and appropriated, or until some legacy has been set apart from the general fund, that ¿is representative character (executor) ceases, and he becomes a trustee of such residue or appropriated legacy, and is subject, in respect of it to the ordinary rules respecting trust property.” Adams Eq., *251. It will be seen that the view suggested assumes that the defendant fully discharged herself as executrix by the purchase of a certain amount of consols in England, and the tender of “the result” of their sale, which is the very question in the case, if it was not decided by the former judgment in the case. As we understand it, an executor continues to hold his office until all his duties as executor have been performed. Dickerson v. Smith, 17 S. C., 289.

This may be the proper connection in which to make another remark. We do not regard this as an action in this jurisdiction to make the executrix personally liable for alleged wrong in making “an insufficient investment” in England as to the consols purchased and afterwards sold by her, but simply as an action to enforce payment of a legacy withheld, without noticing the transaction as to the consols or making any charge in regard to it, except to impeach its fairness and legality, when it is interposed as an obstacle in the way of his recovery. As we understand it, the action is for the legacy against the executrix in respect of assets within the State, precisely as a South Carolina creditor might bring his action here against the executrix. If she have no assets within the jurisdiction, she could plead plene administravit, but if she have such, the recovery would follow; to that extent, and in that manner, this action is “in respect of assets.”

Third. This brings us to the most important question in the case. That is, the domicile of the testator being in England, and *19his executrix having qualified on his will both in England and in South Carolina, whether the plaintiff, a citizen of this State, may, in the courts of this State, sue the executrix and recover a pecuniary legacy, there being ample assets here to pay the same ; or whether his prayer for relief here must be refused, the assets transmitted to England, and he required to go there and make his claim in that jurisdiction. As said by Judge Story in the great case of Harvey v. Richards, 1 Mason, 408: “This is a question involving the doctrines of national comity, o,r, what might be more fitly termed, international law. And looking to it as a question of principle, it would not seem to be attended with any intrinsic difficulty. The property is here, the parties are here, and the rule of distribution is fixed. What reason, then, exists why the court should not proceed to decree according to the rights of the parties ? Why should it send our own citizens to a foreign tribunal to seek that justice which it is in its own power to administer without injustice to any other person ? I say, without injustice. It may be admitted that a Court of Equity ought not to be the instrument of injustice ; and that if in the given case such would be the effect of its interposition, it ought to withhold its arm.”

There is certainly some want of clearness in the authorities as to the liabilities and duties of domiciliary and ancillary administrators, and the precise line of demarcation between them. Eor the sake of brevity, we may assume several propositions as settled. We take it as settled : 1. That if a testator have personal property in a foreign country, the executor of the domicile has not the right, by virtue of the will alone, to go into that foreign country and possess himself of that property without new letters from the jurisdiction in which the property is found. Dial v. Gary, 14 S. C., 573. 2. That the new administrator may, or may not, be the same person as the executor of the domicile. But whether or not, inasmuch as the law of the domicile must control in the succession or distribution of the effects, the administration granted there is deemed the principal or primary one, and that in the foreign country as ancillary, yet there is no privity between them, but they are independent of each other. “Each portion of the estate must be administered in the country in *20which possession is taken and held under lawful authority.” 3 Wms. Exrs., § 1664. 3. That the only mode of reaching such assets is to require their transmission or distribution, after all the claims against the foreign administration have been duly ascertained or settled. “The residue is transmissible to the home administration only when a final account has been settled in the proper tribunal where the new administration is granted, upon the equitable principles adopted by its own law in the application and distribution of the assets found there.” Story Confl. Law, § 613; 3 Wms. Exrs. (6 Am. Ed.), 1664, and notes.

These points being taken as settled, it is manifest that the question of importance is, as to what claims may be asserted in the ancillary jurisdiction before the residuum is ascertained and transmitted. It is conceded on all sides, that the ancillary jurisdiction will not transmit the property found there until all the domestic creditors are provided for. But it is contended that the principle on which the creditors are paid, does not embrace domestic legatees ; for the reason that they derive their claims from the bounty of the testator, and therefore, under all circumstances, must go to the home administration. We believe it is true that, as a rule, legatees, go to the administration of the domicile, but, as it strikes us, not for the reason suggested. Although a legatee is a volunteer, the duty to pay him, if there are assets, is none the less obligatory on that account. But for the reason that there may not be sufficient assets, that his legacy may have to abate to pay debts, and that a general settlement and marshalling of assets may be necessary, it is considered to be safe, convenient, and orderly that, as a rule, the legatee should go to the home administration.

But there are rvell established exceptions to this rule, proceeding, as it seems to us, upon the principle that when the general estate has been settled, and there is no need of further account, an exceptional case has arisen, and the reason of the rule .ceasing, the rule itself ceases. There are numerous cases in which the ancillary jurisdiction has entertained actions in behalf of citizens, who were mere volunteers. See Harvey v. Richards, supra; Cureton v. Mills, 13 S. C., 410, and other cases cited by the Circuit Judge. It is not denied that these vrere cases of mere. *21volunteers, but then another modification is suggested, that in all these cases the parties'were distributees or residuary legatees. If the fact be so, why should that make the difference, unless the circumstance of their being residuary was taken as evidence that the estates were already settled and no further account necessary ?

If this is the feature which makes residuary legacies exceptional, the one before us — although demonstrative in form — -is in character residuary, in the sense that, the estate being settled, it is the only liability remaining. The legacy is fixed in amount and there are assets, it must certainly be paid in full, and the only question is, where shall it be paid ? Suppose the testator had given to the plaintiff, not two thousand dollars, but one of his South Carolina State bonds of the denomination of $2,000, would this court, under the circumstances, be required to transmit that bond to England, really for no other purpose than to make the plaintiff go there to receive it from the defendant in her character of domiciliary executrix ? But without pursuing this, Judge Story in stating the rule makes no reference to any such distinctions betwen residuary and other legatees. He says : “Still, however, the new administration is made subservient to the rights of creditors, legatees, and distributees, who are resident within the country where it is granted; and the residuum is transmissible * * * only when a final account has been settled in the proper tribunal, where the newr administration is granted, upon the equitable principles adopted by its own law in the application of the assets found there.” Story Confl. Liw, § 513, and notes.

We cannot say that the Circuit Judge erred in holding that “courts of the ancillary jurisdiction have the right to order the payment of a legacy or the distribution of funds to residuary legatees, or under the statute of the domicile, whenever it appears as matter of fact, that there are funds of the estate in the hands of the ancillary jurisdiction ; unless it be made to appear that in good faith an accounting is necessary in the jurisdiction of the domicile, or that for some other purpose the equities of the parties require that the funds shall be sent there for distribution.”

Fourth. As we do not feel authorized to dismiss the com*22plaint, it is necessary to decide all the questions in the case. We would be pleased to escape this responsibility as the law of the domicile (England) must be applied. We undertake to do so with diffidence arising from a conscious want of familiarity with the English law. The terms of the legacy, however, are plain and simple. The bequest gave directly to the plaintiff two thousand dollars ($2,000), to be held by the executors until he attained the age of twenty-one years, and then with the accumulations of interest to be paid to him. Both the amount and time of payment were fixed, and it would seem that no question co'uld arise about it, except possibly as to the interest. But the executrix claims that in 1873, some seven years after the legacy had been in her hands, bearing interest under the English law at four per cent., she, under the advice of eminent English counsel, invested such a sum of money as would have purchased seven years before (1866) legal tender notes of the United States of the nominal value of $2,000, but which at that time were considerably under par; and, adding the interest at four per cent, down to the time of the transaction, “laid aside” these three per cent, consols as the legacy of the plaintiff; and that when he came of age, these consols were not offered to him, but sold and “the proceeds,” less the English “legacy duty,” tendered to him in full payment.

It has never been decided by an English court, that the amount thus tendered was the whole legacy of the plaintiff. If it had been, we would of course, with proper deference, conform to that judgment, but the matter is now before the court as an original question. As to the currency in which a legacy is to be paid, the intention of the testator must furnish the rule. 2 Wms. JExrs., 1433. This legacy ivas given by the testator to his nephew, an American born, though then under age and living with his father at Charleston. It was expressed in dollars, and not to be paid until the nephew reached the age of twenty-one years. The will was executed in England, before the national currency of the United States (which growing out of the late war was abnormal) had come into existence; and we are not at liberty to conclude that the testator foresaw that there would be such paper currency in the United States, or contemplated the possi*23bility of his executrix satisfying the legacy in such currency at a discount, before the time indicated for its payment.

We cannot doubt that when the testator said “dollars,” he meant real dollars in coin, or its equivalent, and not mere paper promises to pay dollars, rising or falling in value according to circumstances. If this is, in all respects, an English legacy, how could it be discharged by a purchase of consols with American paper currency which were never a legal tender in England ? It does not seem consistent to consider it an English legacy as to interest, investment, &c., and yet allow payment in advance of the time, and in a depreciated paper currency not recognized in England. The plaintiff, when he reached full age, was not, as it seems to us, bound to accept what was tendered by the executrix as his legacy, and is now entitled to recover two thousand dollars in coin or its equivalent, with the proper accumulations of interest.

Fifth. Then as to the rate and manner of calculating the interest. It seems that the rate of interest upon a legacy allowed by the English law is four per cent., to be computed upon the principal only and not upon the principal and interest, but under particular circumstances the court will allow the legatee compound interest, as where there is an express direction in the will that the executor shall lay out the fund to accumulate, and he neglects to do so. 2 Wms. Bxrs., 1433. The phrase “accumulations of interest” may seem to indicate somewhat vaguely the idea of interest on interest, but there is no express direction in the will that the executrix should invest the legacy in any particular securities, or indeed to invest it at all, and as we have proceeded on the view that i-n fact there was no valid investment, we hesitate to require compound interest. See Robinson v. Robinson, 1 DeG. M. G., 247, cited and commented on in 3 Wms. Bxrs., 1815. Our own court is-also disinclined to charge executors or trustees with compound interest. Baker v. Lafitte, 4 Rich. Eq., 392. Upon the whole, we think the plaintiff should recover two thousand dollars with simple interest thereon at the rate of four per cent., from one year after the testator’s death (March 16, 1866) until paid, less whatever may be the proper “legacy duty” on the amount.

*24Costs in an equity suit are within the discretion of the chancellor as a part of the relief granted, and in accordance with this general rule upon the subject we will not interfere with his decree in that respect.

The judgment of this court is, that the judgment of the Circuit Court be affirmed, except as to the interest chargeable upon the legacy, and that the cause be remanded to the Circuit Court, in order that the exact amount may be ascertained and adjudged according to the conclusions herein announced.