Nicholson v. Whitlock.

Citations

• 57 S.C. 36
• 35 S.E. 412
• 1900 S.C. LEXIS 11

Syllabus

<p>1. Administrators — Interest—Accounting.—Under the facts in this case, the administrator should be charged interest on all funds on hand at commencement of calendar year after appointment, less payments made during first administration year. Rule in such cases stated.</p> <p>2. Cotton — Accounting.—Administrator not chargeable with decrease in pi;ice of cotton while holding it.</p> <p>3. Ibid. — Ibid.—Administrator did right in storing and insuring cotton, and charges, therefore, approved.</p> <p>4. Accounting.- — Administrator's settlement with croppers by charging himself with whole amount of cotton, and crediting'amount paid to croppers as their share, less amount due deceased, and cost of ginning, &c., approved.</p> <p>5. Ibid. — Interest.—Administrator is not entitled to interest on money borrowed to pay claims against estate before expiration of administrative year.</p> <p>6. Interest. — Circuit Judge lays down the proper rule for calculating interest on this bond.</p>