Volume 131 — New Jersey Equity Reports

“Complainant is seventy years of age. When he married in 1894 he was employed as a brass finisher and has worked continuously at his trade ever since, except for a period of about five… Held: “ 'Neither the parties to the transaction nor the status of the parties has been changed, since the deed was delivered, so as to evolve a condition- of injustice between the present litigating parties, which consideration presents the basic theory underlying the doctrine of laches.

“In December, 1927, the said Isaac Goldberg purchased the lands hereinbefore referred to, had them conveyed to his daughter Mrs. Julian, and caused a residence to be erected thereon for her benefit — all this as a gift from him to his said daughter.

“At testator’s death he owned 339 shares of Security Trust Co. stock, and 588 shares of Camden Safe Deposit & Trust Co. stock. Some three months after his death a merger of Security Trust Co. with Camden Safe Deposit & Trust Co. (the executor and trustee)' was effectuated. The executor and trustee voted both these blocks of stock in favor of the merger.