Estate of Gartenlaub

This appeal is from an order of the superior court in and for the city and county of San Francisco settling the sixth annual account of the respondent Union Trust Company of San Francisco as trustee of the trusts created by the last will and testament of, Abraham Gartenlaub, deceased. The appeal is prosecuted by Alice G. B. Gartenlaub, the widow of said deceased and a life beneficiary under the terms of his last will and of the trusts created thereby; and the sole question presented upon this appeal involves the extent, if any, of the right of said life beneficiary entitled to the “net income, revenue and profit’’ of the trust properties in the hands of said trustee to have the discounts, If any, at which bonds are purchased by the trustee accumulated for her benefit and paid over to her by the trustee. Abraham Gartenlaub died in the city and county of San Francisco on June 1, 1914. His will was thereafter admitted to probate and his estate distributed according to its terms. By his said last will and testament practically his entire estate, then appraised at the sum of $476,900.42, was devised and bequeathed to the Union Trust Company of San Francisco as trustee for the uses and…