Beckett On Trusts And Trustees (Illinois)

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' Doyle v. Murphy, 22 111. 502-508; Steele v. Clark, 77 111 471- 474; Taylor v. Turner, 87 111. 296-302; Weer v. Gand, 88 111 490- 492; Wilson v. Kirby, 88 111. 566-571; Douglass v. Martin, 103 111.
EQUITY JTJKISDICTION, ETC. 21 so far violates his fiduciary position as to render him- self liable to account in equity as a trustee. 8 § 33. Where the grain belonging to various bailors has been intermingled in a warehouse, and it appears that the quantity of grain has shrunken to less than that ca
...lled for by the warehouse receipts issued, an as- signee of the warehouseman, having purchased some of the grain receipts, cannot remove the full amount of the grain evidenced by such receipts as he is a trus- tee for all of the owners, and a court of equity will compel all of the owners to share the loss pro rata?
And where municipal bonds were deposited by con- tractors as collateral security for a loan to them it was held that the pledge was so much in the nature .of a trust as to give a court of chancery jurisdiction to re- quire an accounting and to distribute the fund, al- though the court expressed the belief that they were carrying the rule to its furthest limit.


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