Estate of Wood

This is an appeal by William R. Taylor, the guardian of the person and estate of Bennett Wood, a minor, from that portion of the decree settling and allowing his final and supplemental account which denies him credit for $7269.53, money of the minor which had been deposited by such guardian in the bank of the California Safe Deposit and Trust Company of San Francisco, and which was on deposit in said bank at the time of its failure in October, 1907. Appellant was appointed guardian of the estate of this minor and the estates of James Cleveland Wood and Hazel May Wood, minors, by the superior court of Monterey County, in March, 1903. He himself was a resident of Monterey County, as also were his attorneys. The property of his wards, consisting of money received from an estate in Illinois, aggregated $19,-176.68, each minor owning one third. This money having been brought from the east, appellant deposited the same in the year 1903 in three San Francisco banks, the share belonging to Bennett Wood being deposited in the California Safe Deposit and Trust Company to the credit of “Wm. R. Taylor, guardian.” No order of court was ever obtained authorizing this deposit to be made. The…