In re Gorman's Estate
In re Gorman's Estate
Opinion of the Court
delivered the opinion of the court.
Decedent owned one-fourth interest in steamboat Henry Yon Phul, and in March, 1864, the administrator applied 'to the Probate Court for an order to sell the same, representing the risk in the trade ( New Orleans ) in which it was engaged; the buoyancy at that time in steamboat stock ; that it constituted the bulk of the estate, etc. The Probate Court made an order directing him to sell at auction upon giving ten days’ public notice, and report at the next term of court. He had asked for leave to sell at private sale, which was so far refused. But instead of obeying the order
The administrator claims that he had a right to exercise 'his discretion in the matter of the sale, and that he exercised it soundly; but it appears that, when the order was' made, boats were paying well, and from that year they constantly declined in business and value. It is probable, from the evidence, that if he had complied with the order of court, the interest of decedent would have brought more than its appraised value, which was $18,000, and no sufficient excuse is given for not having done so. It is unnecessary to say whether an administrator would be protected in postponing a sale ordered by a Probate Court for apparently sound reasons. It is enough to say that the present record discloses no such reasons, although bad faith is not charged. The judgment below should be affirmed.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.