George Washington Flowers Memorial Collection DUKE UNIVERSITY LIBRARY ESTABLISHED BY THE FAMILY OF COLONEL FLOWERS IN EQUITY. CHARLESTON DISTRICT, • WILLIAM RAVENEL. anj) others, EXECrroils OF THOMAS BENNF.TT LUCAS. VS. . (MR8. MARY CATHARINE LUCAS, AND OTHERS. Bill for Account and Settlement of Estate. BEFORE. MR. TUPPER, MASTER. PETIGRU & KING, MEMMINGER, JERYEY & WILKINSON, SoUcltorii for Plaintiff-'^. NELSON MITCHELL, BROWN &, PORTER, MACBETFI & BUIST, W HALEY & LORD, SLMONS & SIMONS, .TAMES B. CAMPBELL. McCRADY & SON, WILLIAM WHALEY, HAYNE & MILES, Solicitors for Defendants. "•■p CHARLESTON STEAM-POWER PRESSES OF EVANS It COOS WK LI, Xos. 3 Broad and 103 East Bay Streets. 1861. IN EQUITY-CHARLESTON. WILLIAM RAVENEL, d al, Executors of THOMAS BENKETT LUCAS, vs. MARY OATHERIXE LUCAS, et al. Report of JAMES TIPPER, Master in Equity. To the honorable the Chancellors : On the 7th March, 1860, I submitted a report upon the evidence which had been taken in this case up to that time. On the 16th !N^overaber, 1860, an order was made by Chancellor Carroll, recommitting the said report, witli in- structions to the Master " to take the accounts of the exec- utors and report thereon ; and also as to the claim of the widow to dower, and of the other parties in interest before the Court." And on the 8th February, 1861, it being then suggested that such an account could not be properly taken without making the creditors parties according to the course of this Court, it was ordered, by Chancellor Dunkin, that the Master "give notice in the public gazettes of Charles- ton to the creditors of the said Thomas Bennett Lucas to prove their demands before him on or before the Ist day of April, 1861 ; and that, in case of their failure to come ill and prove their i^aid deinaiuls, they be excluded from the benefit of the decree in this case." The accounts of the executors have been submitted and examined. Xo objection has been made to them. They are herewitli file.d as Exhibit A. The casli balance in the executors' hands on the 19th May, 18G1, when the accounts were closed, was $1)0,510 31. In addition to this sum, there is to the credit of the executors, in tlic Savings In- stitution of this city, the following amounts : Deposited by them on the 12th Dec, IHoti $ 4,500 And on the 29th March, 18G0 20,500 In all $25,000 These deposits, it is understood, were made to meet the claim of the widow to dower. The scheme of tliis report, however, requires that the aliove deposits be not separated from the general assets of the* estate. I have, therefore, added them to the balance of $90,510 31, admitted by the executors' accounts to be in their hands, which makes the cash $11^,510 31. The executors also hold bonds due to the estate of their testator for $18,140, and simple contract demands against sundry delators of the estate for $11,(381 06. These assets are reiiresented to be good, and with one exception, viz: a claim on open account against James B. Campl)ell, Esquire, for $2,494 42, are supposed to be avail- able for the payment of the debts of the estate. To the claim against Mr. Campbell a discount has been set oft' and established by proof for an amount which exceeds by $161 31 the claim of the estate against him, Mr. Canqobell claims other demands against the estate of Lucas, but of these no proof has been furnished. Erom the schedule of the assets of the estate, I have deducted the claim against Mr. Campbell, and })laced the balance in his favor among the debts on simple contract due by the estate. The true sum of the cash and uncollected assets thus ascer- tained is found to be $142,836 95, as appears by Exhibit B. Pursuant to the order of the 8th Eebruary, 1861, notice was given, for four weeks, in the daily morning papers of Cc/nJ. the city, to the creditors of the hate Thomas Bennett Lucas, to come in and prove their demands before the 1st day of April, 1861, or failing to do so that they would be excluded from the benefit ot the decree to be made in this cause. Under this order a large number of claims has been pre- sented. Many of these claims were not disputed, and hav- ing been proved in tlie usual way are allowed. Upon others, questions are raised which require tlie adjudication of the Court l)efore a final settlement of the estate can be etiected. 1. The first claim of this kind is upon a joint and several bond of J. B. Campbell aud Thomas Bmnett Lucas, dated the 20th January, 1858, and conditioned for the payment to William AVhaley, administrator of Dr. G. W. Morris, of $3,500, in five equal successive annual instalments, with interest from date, payable annually. The interest has been paid to the 1st March, 1859. The evidence taken upon this claim is, that the " bond was given for the pur- chase money of ten slaves, bought by Mr. Campbell from the estate of George W. Morris. That the bond was secured by a mortgage of the slaves, and b\' the personal security of T. B. Lucas, as a joint obligor of the bond. Mr. Campbell is in possession of the negroes." The obligee insists upon his legal right to come in as a bond creditor of Thomas Bennett Lucas, and receive payment out of his estate. The w^ell-established doctrine of this Court is, that the surety is entitled to the benefit of all the securities which the creditor obtains from the debtor for the payment of the debt, and that the creditor must exhaust these before he can come on the surety for payment. It does not appear from anything before me that the mort- gaged property is insutficient to pay the debt in full. The sum of the bond for principal and interest is $4,030 12, and a mortgage of ten slaves would seem to be ample secu- rity for a debt of that amount. But this may not be the case at this particular time. The obligee of the bond is clearly entitled to rank as a specialty creditor of the estate of T. B. Lucas, to the extent of any deficiency in the mort- o^age security to meet his ileniand in full, and I so find. 2. The second claim is made on behalf of the holders ot sundry Bills of Ex<-haiun\ drawn by Tluuiias Bennett Lucas, on Thomas Scott and Wilbur k Price, of Xew York, and accepted by them. The bills are under protest in the hands of certain banks and citizens of this State, who claim, as holders of said protested bills, to rank as specialty creditors in the distribution of Mr. Lucas' estate. This claim is founded upon the A. A., 178G, 4 Stat, at Large, page 741, sec. 2, which provides, among other things, that '' all cred- itors on protested bills of exchange, wlien the drawers or endorsers shall be dead, shall be upon an equality with bond creditors, any law, usage or custom, to the contrary notwithstanding." Against this it is urged that the fore- going provision of the Act of 1786 is repealed, by implica- tion, by the "Executors' Act" of 1789, 5 Stat, at Large, p. 111. The latter Act prescribes the order in which debts of testators and intestates are to be paid. Among the debts enumerated hj this act are "bonds and other obligations," and " debts due on open accounts." Luiless bills of ex- change can be classed under t)ne of these two heads, there is clearly no description of debts in this Act which includes them. And it does not seem to me that they can properly fall within the denomination of either bonds, obligations or open accounts. These terms have a definite legal signi- fication, and describe a class of debts entirely distinct from bills and promissory notes. If bills of exchange are not included among the debts enumerated in the Act of 1789, then there is no such contrariety or repugnance between that Act and the Act of 1786, as, in my view, indicates an intention on the part of the Legislature to repeal the Act of 1786. And so it was held in the case of Me dure vs. Exors. of Polony, a ms, decision referred to in 1 Rice's Digest, 318. It does not appear from the brief statement furnished me of this case, whether the foreign bills, there held to rank as specialty debts under the Act of 1786, w^ere protested before or after the death of the drawer. This, it has been argued, is a material circiunstance. Although not so regarding it, the exceptants to the view I have taken are. entitled to luive the fact certified to the Court, that all the bills established in the present case matured, and were protested for non-payment after the death of Mr. Lucas, the drawer. The foreign bills presented and proved under the call for creditors, in this case, arc set down in Schedule C. The aggregate sum due upon these bills is $126,255 04. This includes interest on the said bills to tlie 1st April, 1861 — to which day all the statements of this report are made up — and, also, ten per cent, for "damages" allowed by the Act of 1786 on "the sum drawn for." Certain col- laterals Avere lodged by Mr. Lucas, during his life, with the Bank of Charleston, to secure the payment of the bills drawn on Thomas Scott. One of these collaterals was a policy of life insurance for $40,000, from which $39,000 had been realized and applied rateably to the bills before they were rendered to this^ office. The amount above given ($126,255 04) is the balance due after credit- ing the said payments. The remaining collaterals, still held b}^ the Bank of Charleston, consist of S6| shares in the capital stock of the " Cannonsboro' Mill Company," standing in the name of T. Bennett Lucas, the par value of which is $1,000 per share $36,500 Bond of Henry E. Lucas to T. Bennett Lucas (se- cured b}'' a second mortgage of " Crow Island Plantation," also by a first mortgage of "Kinloch Swamp," and by a first mortgage of twenty-six negroes), for 31,500 Two Bonds of Courtney and Simonton (secured by mortgage of lots in street), for 3,400 Li adjusting the estate of Lucas, these collaterals must be regarded as assets. If not applied by the holders to the particular debts for which they are held as security, and these debts are paid out of the general assets, then the collaterals revert to the estate. In any event it is important, for the purposes of tliis report, tliat the value of these securities should he ascertained and set ott" against the liahilities of the estate; and it cannot aftect the final result of the account if thev are set off asjainst the par- ticular liahilities for the payment of which they are now hypothecated. Testimony luis been taken as to the value of the sesecurities. As to the stock in the Caunonsboro' Mill Comjiany, it has been intimated that there is some claim now being prosecuted by the said Company in another cause in this Court, for which chiini the shares of Mr. Lucas in said Comi)any are said to be liable. Of the nature of this claim I liave no official information. The evidence before me, liowever, shows that an offer was made by the President of the Caunonsboro' Mill Com- pany to purchase from the executors of Mr. Lucas the shares standing in their testator's name, subject to all claims, for ten thousand dollars, and that this offer was declined, being considered far below the value of the said shares. I liave, therefore, assumed ten thousand dollars as the minimum value of this stock. As to the other securities held by the Bank of Charleston, the testimony is that the land mortgaged to secure the bond of Henry E. Lucas, who is insolvent, viz : "Crow Island Plantation" and "Kinloch Swamp," adjoining said plantation, would "be a cheap i)roperty" at the present time at $15,000. This sum would be sufficient to pay off the prior incum- brance of $6,700 upon the said land, and leave $8,300 to be applied to the bond of Henry E. Lucas, in the possession of the Bank. The market value of the negroes mortgaged to secure the same bond has been set down at $16,200. The bonds of Courtney and Simonton for $3,400, are re- presented as good. The aggregate value of the above collateral securities are thus ascertained to be $37,900. This sum deducted from the balance due upon the foreign bills of excluuige ($126,255 04) will leave $88,355 04 to be paid out of the general estate of Mr. Lucas in the hands of his executors. Considering these bills as specialties they are the only debts of this ranlc to be provided for in the future administration of the estate. In this I assume that the bond hekl by the administrator of the estate of Morris will be paid out of the negroes mortgaged to secure it. 3. The third claim is submitted on behalf of the widow for her dower. Thomas Bennett Lucas died seized of the following real estate, which has been sold by his executors: West Point Mills, sold for $07,000 Dwelling-house, " 25,000 Lot on Commercial wharf, sold for " 1,825 Lot corner of Palmetto St., " 1,130 In all $124,955 The West Point Mills, together with thirty-six negroes and a schooner called the Hettiwan, was subject, at the time of the death of Mr. Lucas, to a mortsraffe securing three bonds, given for the purchase money, amounting to $65,507 QQ. The land embraced in the said mortgage was sold by the executors, as above stated, for $97,000. The thirty-six negroes and schooner were sold by them (as appears by Schedule D) for $31,322. A rateable apportion- ment of the mortgage debt between the real and personal property embraced in the mortgage, according to their respective values, will give a charge upon the land of $49,518 70, and upon the negroes and schooner of $15,988 96. The dwelling-house lot was subject to the lien of a mortgage securing a bond for $11,112 50 given for the purchase money. Upon the lot on Commercial wharf and the lot on Palmetto street there were no special incumbrances. The bonds secured by the foregoing mort- gages have all been paid by the executors, from the pro- ceeds of the sales of the realty and personalty. The estate, while not sufficient to pay all the debts of the testator, is sufficie^nt to pay all the specialty debts, including the for- eign bills of exchange claimed to rank as such. The widow claims comj^ensation for hor dower- out of the assets still remaining iii the hands of the executors. The case of Wilson vs. McConnell, 9 Rich. Eq. R., 504, furnishes the rule for the assessment of the dower in this case. In the former case it was held that a husband dying insolvent, his widow is entitled to have the proceeds of the sales of his personal estate ajtjdied to the jtayment rateably of bond debts secured by mortgages of land with other specialty demands, and that the proceeds of the real estate subject to dower should be resorted to only for the defi- ciency in the personal assets, so applied, to satisfy the mort- gage liens upon the land. In aiDplying these principles to the present case, it is necessary first to ascertain the value of the personal estate of the testator. This cannot now be directly arrived at. The executors have received considerable sums of money from the proceeds of the mill during the time it was worked by them; also from the' hire of negroes and from the collection of debts due to the estate. These receipts are included in the general accounts of the executors, which embrace all their transactions with the estate, and cannot be readily distinguished and separated. The value of the personal estate may, however, be ascertained indi- i-ectly, but with almost certainty, by deducting from the gross sum of the cash receipts of the executors and the uncollected assets still in their hands, the disbursements on account of the mill, the expenses of administration and the sales of the real estate. The surplus will be the amount of the personal estate subject to the payment of debts. The cash received by the executors from all sources, as appears by their accounts, was. ..$310,028 69 Add the amount of the uncollected assets in their hands ' 27,320 64 And the gross value of the entire estate is ob- tained, viz $337,355 33 Then deduct the disbursements on account of the mill and the ex- penses of administration $55,188 27 Also, the proceeds of the sales of the real estate $124,955 00—180,143 27 And the difference $157,212 06 is the amount of the personal estate. This, as the primary fund for the payment of debts, Avould be first applicable, according to the case of Wilson vs. McConnell, to the pay- ment rateably of all the specialty demands, including debts secured by mortgage of the land. But in the case before me, there are bond debts, secured by mortgage of the per- sonalty. In this respect, the present case differs from Wil- son I's. McConnell. Here the widow's equity to compel the creditors secured by mortgage of the land, upon which she has a lien, to resort to the personalty for pa^-ment, is met by a corresponding equity on the part of creditors who have a specific lien on the personalt}'. It seems to me that creditors of this class are entitled to priority of payment out of the proceeds of the sale of the personalty mort- gaged for their security. I liave therefore deducted from the amount of the personal estate as above ascertained, viz: $157,212 06 The following debts, secured by mortgages of personal property sold by the executors : 3 bonds to Kosa Lucas, Julius Lucas and Lucy Lucas, secured by mort- gage of the West Point Mill, thirtv-six negroes and a schooner. Rateable apportionment of debt to negroes and schooner $15,988 96 Bond to Augustus Lucas, secured by mortgage of negroes 18,601 24 Bohd to I^ Ball, guardian, secured by mortgage of negroes 17,552 39 Bond to R. DeTreville, secured by mortgage of negroes 23,929 44 In all 76,072 03 Leaving $81,140 03 10 to be applied to tlie payment rateably of tlie mortgages on the land and the unset-nrod specialty debts, viz: Proportion of bonds to Rosa, Julins and Lucy Lucas, secured by mortgage of West Point Mill lands !"...' $4i>,518 70 Bond to M. M. Lucas, secured bv mortffao^e of dwelling-house lands 11,112 50 $60,(J31 20 Bond to P. J. Barbot, unsecured 2,(320 88 $68,258 08 Foreign bills of exchange raidced as specialties. 88,355 04 $151,(118 12 The amount of the personalty ($81,140 03) applicable to the i)ayment of the debts last enumerated ($151,613 12) is a fraction under 53^ per cent, of the said debts. The amount to be applied to the bonds secured by mortgages on the land ($60,631 20) is $32,4'37 69. This\vill leave a deficiency of personalty to pay said mortgage del)ts of $28,193 51, and this deficiency is a charge upon the mort- gaged lands. These lands were sold by the executors for $122,000. The surplus remaining after providing for the above deficiency is $93,806 49 ; and this sum added to the sales of the lands not mortgaged, viz : lot on Commercial wharf, $1,825, and lot on Palmetto street, $1,130— $2,955, will give the value of the real estate $9(),761 49 — to one- sixth of which, $16,126 91 i, the widow is entitled for her dower, and I so find. An account of the particulani of the foregoing statement marked E, is filed with this report. It is proper here to state tliat the solicitors of the widow, under her written instructions, waive 'her claim for dower out of such portions of the real estate of her husband as her children may be held entitled to under the will of their grandfather, Jonathan Lucas. 4. Claim of Children. It is submitted that under the will of Jonathan Lucas, his grandchildren, the children of 11 T. Bennett Lucas, are entitled to the share which their father took under the said will. And that the said sliare having heen received hy T. Bennett Lucas, in land and neply to ever^- accruing or sur- vived share as to the original one. And all these limita- tions and conditions shall ajiply as well to the share of my daughter who has already died and has left issue, as also to any others of my children who may die, either before or after me." The testator tlien appoints his executors guardians of his minor cliildren, with directions that their nuiintenance and education be borne by his general estate. The fourth and fifth clauses of the will arc as follows : " 4. I authorize my executors, from time to time, to make advancements to my children to an extent not exceeding the presumptive share of each, and to deliver the possession and control of the same to any child at any time they, the said executors, shall see fit. Such advancements, however, together with all which nuiy have been made by myself, shall be charged against the shares of each child to whom the same may have been made, and shall constitute a }>art thereof in the final division. The advancements which may bo made to any daughter shall be settled in manner already declared; and I exi^ressly exonerate my executors from liability for any waste or loss which may accrue to any advancement or share delivered in pursuance of this, my will. And I also declare, that they are to be indemnified by my estate for every liability, loss or expense incurred, and shall be held accountable for 13 no errors of judgment in their conduct as executors and trustees. " 5. I authorize and empower my executors to sell and convey any portion of my estate which they may deem ex- pedient, either for the purpose of paying debts or making a division, or in the conduct or management of the busi- ness. And if in their opinion circumstances should require a division of my estate, in wliole or in part, before the period which I have named, I fully authorize my executors to make such division, and to deliver the property into the hands of the legatees and devisees — such property, how- ever, to remain subject in their hands to the limitations already declared." A cop}- of the entire will is tiled with this report. The estate devised by the testator to each of his chibh-en is clearly a vested estate, subject to be divested by death before the youngest child nuirries or attains twenty-one years of age, with remainder over to the children of such deceased child limited, as in the prior devise, on their liv- ing at the time when the estate should become absolute and indefeasible, ?'. c, when the youngest surviving child of tes- tator should marry oi* attain the age of twenty-one. Thomas Bennett Lucas, one of the children of Jonathan Lucas, died in 1850, leaving foiir children, all of whom are minors. Two of the surviving children of Jonathan Lucas, Augustus and Lucy, are yet under twenty-one years of age, and unmarried. Under these circumstances, it is conceded, I believe, that the children of Thomas Bennett Lucas would be entitled to the estate devised to them, unless the event upon which the estate was to become absolute and inde- feasible happened in the lifetime of their father, the prior devisee. And this event it is contended is not the marriage or majority of the youngest child of the testator, as I have assumed, but the period of the division of the estate, which division the evidence shows was made during the life of Thomas Bennett Lucas. The intention of tho testator that no tinal and absolute 14 division of Ijis estate should take jtlace before his yonng*est child married or arrived at full age, seems to me to be clear. This intention is apiiarent from the directions given in the will for the management of the estate by the executors, and for the appropriation by them of the income until that period ; also, bv the provision made for the maintoiiaucc and education of the testator's minor children and grand- children out of his general estate; also, l)y the exoneration of the executors from liability for any waste or loss which might accrue to any sliarc advanced by them licibre the period of division fixed by the will, and lastly, by the ex- plicit limitations ot the will itself. It is true that authoi-ity is given to the executors to make a division of the estate before the youngest child marries or attains full age. But this authority is coupled with an express declaration that the property in that event shall remain in the hands of the legatees and devisees subject to the limitations of the will. And so it seems to have been held upon a bill filed by the executors in 1855, asking, among other things, for the in- struction of the Court upon the eonstruction of this will, as to their duty to reserve a fund for the support and educa- tion of the minor children and grandchildren of the tes- tator. A division of the estate was then made, or was about to be made, under the authority given to the execu- tors by the will. The Chancellor who heard the case held " that provision must be made for tlie support and educa- tion of the minor children ot the testator at ihc general expense of the whole in any scheme of division wliich may be adopted." This decision was appealed from on the ground that the division of the whole estate during the minority of the children or grandchildren was left by the testator to the discretion of his executors, whose decision to divide the estate concluded the (juestion, and necessarily cast the sujijiort and education of tl)e minors upon their res})ective portions oidy. The objection now urged to the claim of the children is substantially the same. It is now, as then, insisted that the whole scheme of the will is based upon the discretion of the executors to fix the period of 15 division, and that the riglits of all parties under the will are to be fixed and determined hy that discretion. The Court* of Appeals affirmed the decree of the Chancellor upon the case then made ; and although the question now under consideration was not then immediately before the Court, its determination is necessarily involved, as it seems to me, in tlie decision then made, that the rights of tlie children and grandchildren to maintenance and education out of the general estate, were not to be affected by the ex- ercise of the discretion of the executors in fixing a period for distribution anterior to that fixed by the will. If the exercise of that discretion could not deprive the grandchil- dren of their interest in the income of the estate, much less can that discretion destroy their interest in the estate itself. Aiid tlie authorities seem to be clear, that if a trust in favor of certain objects be once expressly created, a discretionary power in the trustees, however ample, will not do away widi the ett'ect of the trust previously declared. The rights of the children under the will of their grand- father being ascertained, the next inquiry is, whether the share of the estate which went into the possession of their father upon the division made in 1858, can now be traced and distinguished, so as to enure to the benefit of the said children to the exclusion of the creditors of Thomas Ben- nett Lucas. In my report of the 7th March, 1860, the evi- dence then taken upon this point was submitted. For convenience of reference this evidence, together with such facts as have subsequently been lirought to my attention, are embraced in the following statement: The executors of the will of Jonathan Lucas, upon the request of the adult children, and with the •concurrence of their own judgment, proceeded, in 1853, to sell the estate of their testator for the purpose of making a division. On the 12th July, 1858, Thomas Bennett Lucas, the eldest son of the testator, purchased the AVest Point Mills establish- ment, with thirty-six negroes and a schooner, for $108,000, payable in cash and bonds. In payment of the cash, the 16 executors received from liiiii $25,000, wliicli was raised by his giving to tlie executors the folh)\ving recei[)t : "Charleston, July 12th, 18;")3. Received from William Lucas. C. G. Memniinger, and W. J. Bennett, Executors of Jonathan Lucas, twenty-five thousand dollars, on ac- count of my share of the Estate of said Jonathan X^ucas, to be adjusted upon the final division thereof. "T. B. LUCAS. "In the presence of James B. Campbell." The executors thereupon made the following entries in their accounts. On the debit side they charge, "Thomas B, Lucas, paid liim on account of his share of estate, $25,000." And on the credit side, they credit the estate as "received from T. B. Lucas, on account sales of AVest Point Mills, $25,000." For the balance of the purchase, T. B. Lucas executed to the executors three bonds, in the sum of $21,000 each, and one for $20,000, secured b}- mortgage of the property sold. The property was all delivered up to T. B. Lucas as pur- chaser; and the bonds remained in hands of the executors Avith the pi'oceeds of sales of the other property of the tes- tator. Li June, 1853, under proceedings in the Court of Chan- cery, a partition of the whole estate was made, and by the Master's (Mr. Grray) report, tlie whole estate Avas adjusted. By that report, it was ascertained that Thomas Bennett Lucas was entitled to a further sum of $2,400 44, which, under the decree of the Court, was paid over to him by the executors on the Ist June, 1855, in full of his share ; and the following receipt was taken from him : "Charleston, July 9th, 1855. Received from C. G. Memminger, Executor of the Estate Jonathan Lucas, two thousand four hundred dollars 44 cents, being the balance of my share of the estate, as per decree of the Court of Equity. "T. B. LUCAS. "$2,400 44." 17 This payment by the executor was made by setting oft the amount against the interest due on certain bonds of T. Bennett Lucas, given for the purchase of property from the estate of Jonathan Lucas, viz : $1,009 94. Interest written oft" from bond for $10,500, given for purchase of dwelling-house. $1,093 93. Interest written oft" from bond for $17,605, given for negroes not embraced in the West Point Mill purchase. $ 269 57. Interest written off" from one of the four bonds given for the purchase of the " West Point establishment." In the June term, 1856, the Master (Mr. Gray) reported that the above sum of $2,400 44 had been paid over to T. Bennett Lucas by the executors, and that they had full}' administered the estate and accounted for the same. The bonds given by T. Bennett Lucas for the several purchases made by him were assigned under the decree of the Court to pay the shares of the other devisees and legatees. That portion of tlic decree which relates to the present subject matter is as follows : * " On hearing the report of the Master, it is ordered that the same be confirmed, and that the complainants (the executors) do give the credits and assign the bonds, stocks and securities, and pay the cash balances to the several legatees who have attained the age of twenty-one years, according to the allotment contained in Schedule Xo. 6, filed with said report, etc. "It is further ordered, that each of the adult defendants and the guardians of each of the infants, do contribute the sum of three hundred and ten dollars annually to a com- mon fund for the support of the infants, as recommended in the report, to be paid to the Master in half yearly pay- ments, in advance, on the first of every July and January, until otherwise ordered by the Court, etc." All the bonds given by T. Bennett Lucas for his pur- chases from the estate of Jonathan Lucas have been paid and the mortgages satisfied. Of the four bonds given for 2 18 the "AVest Point establishment" one was }»ai Jon. Lucas, as and lor ins last will and testament, J iu the presence of us, the undersigned witnesses, who. at his request, in his presence and in the presence of each other, have hereunto subserihed our names the day and year above written. ^[ic'k JoIIXST(^N'. ■ . Elias S. Bknni;tt. Benj. AV. PiiisE. Proved before M. T. Mendenhall, Esq., Ordinary for Charleston District, 10th May, A. D., 1848; and on 28d June, A. D., 1848, William Lucas, C. G. Mcmminger and W. J. Bennett, Esqs., qualified as executors thereof. Ordinary's Office, ChnrlesUw District, May, A. 7)., lS4'.t. EXHIBITS. B. Assets of Estate of Thomas Bennett Lucas. Cash balance in hands of executors 19th May, 1860 $90,510 31 Cash deposited in Savings Institu- tion, 12th December, 1859 $4,500 00 Cash deposited in Savings Institu- tion, 29th March, 1860 20,500 00 115,510 31 Bond of Edward S. Lucas, 22d Xo- vember, 1859 $13,000 00 Bond of J. K. Bevin and H. Bul- wiukle, 13th March, 1860 144 00 Bond of John Shendan and John Blake, 13th March, 1860 654 00 Bond of J. II. Behling, 29th March, 1860 754 00 Bond of J. K. and W. C. Dukes, 27th March, 1860 2,287 00 Bond of C. A. and R. G. Chisolm, 13th March, 1860 834 00 Bond of J. R. Baker and W. S. Elliott, 13th March, 1860 467 00 18,140 00 Account of Simmons Lucas, Sr $3,350 70 H. E. Lucas, Sr 4,863 60 B. J. Johnson 122 16 " Simmons Lucas, Jr 360 35 " Thomas M. AVaguer.... 489 83 9,186 64 $142,836 95 3 34 C. Liabilities of Estate of T. B. Lucas. BOND Of James B. Campbell and Thomas Bennett Lucas, conditioned for the payment to William Whaley, ad- ministrator of Dr. G. W. Morris, of $8,500, in live equal annual instalments with interest, payable annually upon the whole amount unpaid. Bond dated •20th January, 1858 ; interest paid to 1st March, 1859. Amount of bond $3,500 00 1860. March 1, one year's interest due this date 245 00 3,745 00 1861. March 1, one year's interest on $3,745 262 15 4,007 15 April 1, one month's interest on $4,007.15 23 37 $4,030 52 35 FOREIGN BILLS OF EXCHANGE Rendered against estate of Thomas Bennett Lucas, deceased, and claimed to be specialty debts — interest com- puted to 1st April, 1861 : Acceptances of Wilbur & Price. 1859. Oct. 2-1. — Bank of Charleston : Draft S5,500 00 Protest 85 Interest 534 77 S6,035 62 Dee. 8.— Do. Draft 6,500 00 Protest 85 Interest 584 65 7,085 50 Damages 1,200 00 $14,321 12 Oct. 15. — Union Bank: Draft 6,500 81 Interest 663 26 7,164 07 Nov. 29.— Do. Draft 1,400 00 Interest 131 02 1,531 02 Damages 790 08 9,485 17 Dec. IG.— State Bank: Draft 6,000 00 Interest 540 82 6,540 82 Damages 600 00 7,140 82 Nov. 26. — Farmers' and Exchange Bank : Draft 6,600 00 Interest 620 22 7,220 22 Damages (560 00 7,880 2J " 1. — Planters' and Mechanics' Bank : Draft 3,000 00 Interest 296 88 3,296 88 Damages 300 00 3,596 «^ Carried forward $42,424 21 36 Brouprht forward $42,424 21 Oct. 24. — Bank of South Carolina : Draft 4,500 00 Interest 452 37 4,952 37 Damages 450 00 5,402 37 Nov. 1. — Conner S^' Co.: Draft 3,000 00 Interest 296 88 3,296 88 Damages 300 00 3,596 88 S51,423 46 Acceptances of Thomas Scott. 1859. Oct. -28.— Bank- of Charlesion : Draft S2,600 00 Int. to 28th Nov . 15 46 2,615 46 Then paid 520 00 2,095 46 Int. to 16th Jan. ,'60. . 19 70 2,115 16 Then paid 260 00 1,855 16 Int. to 28th Feb 15 30 1,870 46 Then paid 260 00 1,610 46 Int. to 1st April, '61. . 122 88 1,733 34 Mot. 9.— Do. Draft 3,800 00 Int. to 28th Nov 13 85 3,813 85 Then paid 760 00 Carried forward 3,053 85 1,733 34 87 Brought forward 3,053 85 1,733 34 Int. to 16th Jan., '60. . 28 68 3,082 53 Then paid 38(t 00 2,702 53 Int. to 28th Feb 22 28 2,721 81 Tlien paid 380 00 2,344 81 Int. to 1st April, '61 . . 1 78 02 2,523 73 Nov. 11. — Bank of Chnrleslon : Draft 4,900 00 Int. to 28th Nov 15 98 4,915 98 Then paid 980 00 3,935 98 Int. to 16th Jan.. '60. . 46 05 3,982 03 Then paid 490 00 3,492 03 Int. to 28th Feb., '60. 28 83 3,520 86 Then paid 490 00 3,030 86 Int. to 1st April, '61. . 231 28 1859. Nov. 1 5.— Do. Draft 2,500 00 Int. to 28th Nov 6 23 2,506 23 Then paid 500 00 3,262 14 2,006 23 Int. to 16th Jan., '60. 18 85 Carried forward 2,025 08 7,519 21 38 Brouplit forward 2,02.3 08 7,519 21 Then paid 2.-J0 00 1,775 08 Int. to 28th Vvh 14 64 1.7SJ) 72 Then paid 250 00 1,439 72 Int. to 1st AjH-il. '01. . 109 83 Nov. 18. — Bdiik of Charleston : Draft 6,900 00 Int. to 28th Nov 13 23 6,913 23 Then paid 1.380 00 5,533 23 Int. to 16th Jan., '60. 52 00 1,549 55 5,585 23 Then paid 690 00 4,895 23 Int. to 28th Feb 40 35 4,935 58 Then paid 690 00 4,245 58 Int. to 1st April '61. . 324 02 i ),.,.. 8._ Do. Draft 5,800 00 Int. on $1,160, amount rec'd 28th Nov., '59 11 13 5,788 87 Paid Nov. 28th, '59. .1,160 00 4,569 60 4,628 87 Int. to 16th Jan., '60. 34 62 4,663 49 Then paid 580 00 4,083 49 Int. to 28th FeVj 25 85 Carried forward 4,109 34 13,638 36 39 Brought forward 4,10D 34 13,638 36 Then paid 580 00 3,529 34 Int. to 1st April, '61 . . 209 37 3,798 71 17,437 07 Damages 2,650 00 20,087 o; 1859. Oct. 28.— Union Bank : Draft 5,000 00 Int. to 29th Nov 29 73 5,029 73 Then paid 950 00 4,079 73 Int. to 18th Jan., '60. 39 12 4,118 85 Then paid 475 00 3,643 85 Int. to 28th Feb 28 65 3,6 72 50 Then paid 475 00 3,197 50 Int. to 1st April, '61 . . 243 44 3,440 94 Nov. 12.— Do. Draft 4,500 00 Int. to 29th Nov 14 67 4,514 67 Then paid 950 00 3,564 67 Int. to 18th Jan., '60. 34 18 3,600 85 Then paid 475 00 Carried forward S3, 125 85 3,440 94 20,087 0< 40 Brou-jlit forward 3.125 85 3,440 :)J 20.087 07 Int. to 2.stli F.I)., 'GO. 24 57 :1.150 42 Then paid 4 75 00 2,675 42 Int. to 1st April, 't forward SOI ,741 1 3 18G0. Jan. 10. — Frederick lik'har(h: Acceptance of bill 61f) 97 Interest 57 68 733 6.^ 1 85!). Oct. G. — Planters' ant! Mechnnicf:' Bank : Note 3,300 00 Interest 342 39 3,()42 39 u 1 2.— Do. Note 6,000 00 Interest 615 62 6,615 62 " 1 7.— Do. Note 950 00 Interest 96 56 1,046 56 Nov. 3.— Do. Note 10,500 00 Interest 1,035 04 11,535 04 Oct. 11.— Do. Note 1,500 00 Interest 154 19 1,654 19 — 24,493 80 " 21. — Farmer.^' and lixchamje Bank : Note 10,000 00 Protest 2 00 ** Interest 1,008 77 11,010 77 Dec. 7.— Do. Note 4,000 00 Protest 2 00 Interest 368 22 4,370 22 15,380 99 $132,349 57 4 .')() CLAIMS. O'llear, Ropor & Stoney $ir),(iG7 88 Cameron & Co 4,(515 05 Ravciiel & Co 4,500 00 Robertson, Blaeklock & Co 1,471 41 kobcrt. Jordan 1,1<»S 34 Ain^er & Bee 1,55(5 1)1 S. Z. Pitcher '. IKil 54 K. & W. C. IIorll>eek.. (540 (54 Henry Bnist 080 71 Estate of J. Charles Blum 552 05 Hill & Smith 503 98 F. C. Blum c^ Son 403 01 Macbetli & Buist 370 00 Lucas & Stroheckcr 305 84 J. B. Duval & Son 357 97 Carnialt & lii-iggs 342 54 Klinck, Wicke"nberg&Co 258 05 J. U. Boesch 2o9 57 L. M. Hatch 228 30 James Moore 219 33 .feiinino-s, Thomlinson & Co 198 00 Mills, i3each & Co 197 02 llayclen&Whilden : 193 50 F. i). C. Krackc 189 8(5 N"ayler, Smith .t Co 108 96 James McLaren '. 100 55 S. N. Hart& Co 135 64r James B. Campbell 101 31 Thayer, Brigliam k Field 119 41 Bashiba Smith 11(5 00 William Ravenel Ill 00 Robert Adger & Co 80 2a C. IL West & Son 82 51 Graveley & Pringle *. 78 89 C. F. Colson 69 77 St. Paul's Church 68 64 Stoney & Wiltberger • 61 44 51 A. F. Tronche 59 51 James McConkey ■ 59 00 Matthiesaen, O'Hara&Oo 53 37 Commercial Wharves 50 12 Walker, Evans & Co 39 55 Dr. William T. Wragg 38 00 ITeiiry Clark 35 57 ir. F. Baker & C^) 31 00 B.Ford 29 00 Mount Pleasant Ferry Company 28 00 Adger's Wliarf 27 28 John Boniiell 26 64 Edgerton, Richards & Co 25 13 Land)erts & JLowell 24 00 William Scott 19 25 C. Amme 10 00 Robert Jenney 17 75 Ravenel & Co 14 81 Ilorton & Shepherd 14 (56 Thomas Kenney 13 69 Hugh F.Vincent 13 60 Vanderhorst Wharf.... 12 32 A. & R. B. McKenzie 9 00 F. M. Jones 8 25 Alva Gage & Co 6 56 Benjamin P. Bicaise 5 81 Richon k Travers ^ 5 00 George W. Olney 4 75 John McKeegan 4 50 David Landreth & Co 2 50 W. J. Bennett 108 67 38,095 34 Amount of Notes brought forward 132,349 57 170,444 91 Claim of Children, ranked as simple contract.. . 2,400 44 $172,845 35 1^«