FREE BOOKS

Author's List




PREV.   NEXT  
|<   73   74   75   76   77   78   79   80   81   82   83   84   85   86   87   88   89   90   91   92   93   94   >>  
at first of being _appointed_ guardian to her own children, as it seemed to her that a mother naturally and necessarily held that relation to her offspring. But the meaning of the law, in making a mother the guardian of her children by appointment in such a case as this, is simply to authorize her to take care of _property_ left to them, or descending to them. It is obvious that cases must frequently occur in which a mother, though the natural guardian of her children so far as the personal care of them is concerned, would not be properly qualified to take charge of any considerable amount of property coming to them. When the mother is qualified to take this charge, she can be duly authorized to do it; and this is the appointment to the guardianship--meaning the guardianship of the property to which the appointment refers. Mary Erskine was accordingly appointed guardian of the children, and she obtained leave to sell the farm. She decided that it would be best to sell it as she thought, after making diligent enquiry, that she could not depend on receiving any considerable annual rent for it, if she were to attempt to let it. She accordingly sold the farm, with the new house, and all the stock,--excepting that she reserved from the farm ten acres of land around her own house, and one cow, one horse, two pigs, and all the poultry. She also reserved all the household furniture. These things she took as a part of her portion. The purchase money for all the rest amounted to nine hundred and fifty dollars. This sum was considerably more than Mary Erskine had expected to receive. The question now was what should be done with this money. There are various modes which are adopted for investing such sums so as to get an annual income from them. The money may be lent to some person who will take it and pay interest for it. A house may be bought and let to some one who wishes to hire it; or shares in a rail-road, or a bank, or a bridge, may be taken. Such kinds of property as those are managed by directors, who take care of all the profits that are made, and twice a year divide the money among the persons that own the shares. Mary Erskine had a great deal of time for enquiry and reflection in respect to the proper mode of investing her money, for the man who purchased the farm and the stock was not to pay the money immediately. The price agreed upon for the farm, including of course the new house, was five hundred dollars. T
PREV.   NEXT  
|<   73   74   75   76   77   78   79   80   81   82   83   84   85   86   87   88   89   90   91   92   93   94   >>  



Top keywords:

property

 

children

 

mother

 

guardian

 

Erskine

 

appointment

 

guardianship

 

charge

 

considerable

 

reserved


dollars
 

investing

 

shares

 
hundred
 
annual
 
qualified
 

enquiry

 
meaning
 

appointed

 

making


income

 

bought

 

person

 

interest

 

expected

 

receive

 

question

 

considerably

 

wishes

 

adopted


necessarily
 
naturally
 
proper
 

respect

 

reflection

 

purchased

 

immediately

 

including

 
agreed
 
persons

bridge

 

divide

 
profits
 

managed

 
directors
 

offspring

 
thought
 

diligent

 

decided

 
obvious