This section contains the nature of the case and procedural background.

Dickinson, trustee held in trust $16,260.05. On May 9, 1881, he bought 30 shares of Union Pacific Railroad stock at $119 per share, which with commissions amounted to $3,573.75. On August 16, 1881, he purchased 20 shares more at $123 per share, amounting with commissions to $2,475. When accounting before the court, it was not allowed, and Dickinson appealed.

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