Opinion by

On September 23, 1897, the appellant qualified as executor of the last will and testament of Christina E. Dolan, and filed his final account on July 13,1898. The estate consisted solely of personal property aggregating $11,544.69, as per the appraisement filed on October 23,1897, of which amount $7,823.42 were in United States four per cent bonds, interest payable quarterly, maturing in 1907, and $2,500 in a mortgage and judgment.

The executor was the cashier and a two-fifths owner of a private bank in Parker, Pennsylvania, the capital stock of which was $10,000, with deposits of about $40,000, and loans of about $25,000, on which it realized six to eight per cent. Thirteen days after he was authorized to act as executor he sold the United States bonds, and deposited the result of the sale to the credit of his bank, with its correspondent in New York city, and on the same day he credited his account, as executor, in his banking house with the same amount. The eastern correspondent paid the Parker bank one and one half per cent on deposits over $3,000, on daily business. The $2,500 due on the mortgage and judgment was promptly paid, and at the decedent’s death she had in the bank a balance of $606.27. These three items aggregate $10,929.69. In his account he claimed credit of $586.97 for services; $34.10 for personal expenditures, and $200 for attorneys’ services. No interest was paid to the estate’s account on the money deposited in the bank, nor to the accountant personally, though he received his proportionate share of the profits of the bank’s business. The auditor surcharged the accountant with the sum of $310, being interest on the $7,000, United States bonds, from the date of their sale by the executor to the time of the filing of his account, and reduced his commission to $293.48. The court, after a full hearing confirmed the report of the auditor.

The executor paid certain legacies to the children by taking *23one day, on demand, notes of the legatees, on which bank discounts were charged against the legacies. The auditor found as a fact, “ that the accountant had used his position as executor of this estate to make a discount for the Exchange Bank on legacies paid Edward and Carrie Glass of at least ten per cent in addition to the five per cent charged by him as executor in his account for services.”' This arrangement was invented by the accountant, and made possible by his being executor of an estate, which almost' as soon as he was qualified to act for it, increased the deposits in the bank, in which he was part owner, to a greater amount than its capital. The accountant’s bank — and indirectly the accountant — received the exclusive advantage of this transaction. The investment hy the decedent in the interest-hearing securities could have been converted into cash at any time. It was not a failing security, but was increasing in value while yielding interest. The change increased the risk and responsibility of the accountant and it was made in the interest of his personal enterprise. The business of this estate was designedly mingled with that of the bank by the cashier executor, and therefore the legatees should not suffer in their distributive shares through the attempt of the cashier to make credit and money for his bank. The result reached by the auditor gives to the legatees just what they are entitled to receive, and the executor is fairly compensated for all duties performed by him. The imposition of part of the costs is but fair in light of the facts.

The decree of the orphans’ court is affirmed.