Would  seem  to  be,  that,  where  a  trustee  has  acted  with  good
faith  in  the  exercise  of  a  fair  discretion,  and  in  the  same  man-
ner as  he  would  ordinarily  do  in  regard  to  his  own  property,
he  ought  not  to  be  held  responsible  for  any  losses  accruing  in
the  management  of  the  trust  property.*      On  the  contrary,


1  Malssey  v.  Banner,  4  Mjidd.  Ch.  R.  416,  417  ;  Freeman  v.  Fairlie,  3  Meriv.
R.  29  ;  Clarke  v.  Tippihg,  9  Beavan,  R.  284.
2  Ex  parte  Belchier  &  Parsons,  Ambler,  B.  219  ;  2  Madd.  Oh.  Pr.  1142.
3  Knight  V.  Earl  of  Plymouth,  1  Dick.  R.  126,  127;  S.  C.  3  Atk.  480}
2  Madd.  Ch.  Pr.  114;  Powell  v^  Evang,  5  Ves.  843;  Thompson  v.  BroWii,
4  Johns.  Ch.  R.  629.
4  See  Hart  v.  Ten  Ejrck,  2  Johtls.  Ch.  R.  76  ;  Thompson  v.  Brown,  4  Johns.
Ch.  R.  619,  620.
640  EQUITY   JURISPRUDENCE.  [cH.    XXXIII.
Courts  of  Equity  have  laid  down  some  artificial  rules  for  the
exercise  of  the  discretion  of  trustees,  which  import  .(to  say  the
least)  extraordinary  diligence  and  vigilance  in  the  management
of  the  trust  property.
