REVIEWS. m 415 Cas. 577), Wisconsin, Maine and the U. S. Circuit Court in Kansas, do not. Indiana refused the action in 1881 under a slightly different siatute, but in 1891 allowed it to a woman after her divorce. Trusts — Corporations — Receiver. — An insurance company deposited some of its funds with a trust company, to be distributed among the certificate holders in case the insurance company made default in meeting its obligations. Afterward the trustees of the insurance company petitioned for its voluntary dis- solution, and a receiver was appointed. Held, that the Court had no power to compel the trust company, in the absence of misconduct on its part, to turn the trust fund over to the receiver to be distributed by him instead of by the trust company. In re Voluntary Dissolution of Home Provident Safety Fund Ass'n of New York, 29 N. E. Rep. 323 (N. Y.). Trusts — Fraudulent Conveyances. — A father gave to his minor son as a gift a note for $1,000. The father collected the note when due and invested the money in shares of an iron company, the stock being in the son's name. This stock depreciated, and the father, in consideration of this fact and also of a debt of a few hundred dollars due to his son, conveyed to him land worth $1,000. At the time of this conveyance, the father was insolvent. Held, the conveyance was not in fraud of creditors. Second National Bank v. Merrill, etc. Works, 50 N. W. Rep. 503 (Wis.). The Court here regarded the father as trustee for the son, and thought that he ought to restore to the son the depreciation in value of the corpus of the trust fund. It might be questioned whether a trustee who invests bona fide is liable if the funds fall in value. If he is not so liable, it would seem that the son gave no value for the conveyance, which therefore should have been set aside. Trusts — Lack of Beneficiaries — Tilden Will. — Where property is left to executors for an association to be incorporated, with full discretion in the executors as to the amount to be so applied, the rest to be applied to such char- itable, scientific, or educational institutions as they think fit, there is no valid trust, for lack of a certain beneficiary, the cy-pres doctrines having no force in New York. Tilden v. Green, 28 N. E. Rep. 880 (N. Y.). Wills — Residuary Devise — Acceleration. — Where a will provides that certain moneys shall go to the testator's 'wife,' and that the remainder of the estate shall be held in trust by the executor, the income to be paid to the wife during her life, at her decease certain legacies to be paid, and the residue to go to the next of kin; the fact that the wife elects to take her statutory portion of the estate, instead of taking under the will, does not accelerate the time of payment of the legacies, and they cannot be paid until after the decease of the widow. Jones v. Knappen, 22 Atl. Rep. 630 (Vt.). REVIEWS. Digest XIX. 2. Locati Conducti. Translated with notes, by C. H. Monro, Fellow and Lecturer of Gonville and Caius College, Cambridge. Cambridge: University Press, 1891. 8vo. pp. 83. This little book in its style and character forms a companion volume with the series of Selected Titles from the Digest, by Bryan Walker, and can hardly fail to interest a student or lawyer who has read the Institutes. To pass from the Institutes to the Digest is to make a dis- tinct advance in the study of Roman law; for the Digest is to the Institutes as our law reports are to the easy and flowing Blackstone. In the Digest we are brought closer to the Roman law as a practical system, full of knotty problems, and by no means free from conflicting or dissenting judgments, as the present volume attests. In the Digest also we make the acquaintance of the great Roman lawyers, and the work derives an added interest from the many opportunities it affords to compare the decisions of their acute and powerful minds with the de- cisions upon similar questions of judges of the common law, equally
