His Honor below properly enough rested his decision upon a point which goes to the merits of the action. The case is this: A testator makes a bequest of one thous- and dollars to A and four thousand dollars to 33 and the residue of his estate to C, I)-and E. The executor purchases and takes an assignment of the special legacies to 13 and C— at say half their value. Can the residuary legatees claim the benefit of such purchase ? — We think not. The case presents no such questions as whether such an assignment would not be void as against creditors, or be set aside at the instance of these special legatees themselves, and the executor be held to account for the full value of the legacies. *373The debts are paid and the special legatees who have assigned do not complain. The only parties then who do complain are the residuary legatees. What interest have they in the special legacies ? — They are entitled to nothiug'until these legacies have been paid and are then entitled only to wliat of the estate is left.
In Peyton v. Smith, 2 Dev. & Bat. Eq. 325, the administrator purchased at a discount an interest in and to a distributive share of the estate while a suit was pending therefor. The other next.of kin alleged that he had paid too little and claimed that the profit made on the purchase should result to them. But the Court held .that while such contracts are viewed with jealousy, whether the purchase ought to stand or not is exclusively a matter between the parties to the contract. “ As to all others it must be understood as transferring the right which it professes to sell; and the price paid by the purchaser is a matter which concerns none but the parties.” It is attempted to distinguish the case before us from the one just cited ; in that, in the latter there was no ulterior trust, but the administrator purchased the distributive share from the cestui que trust himself. We do not see the distinction. In our case the purchase was also from the cestuis que trust, the special pecuniary legatees. There was no ulterior limitation of these legacies but they belonged absolutely to the first takers. If they had died either before or after reducing the whole or a part of the legacies into possession, the plaintiffs could claim no portion of them under the will as residuary legatees. So far as they are concerned, it was nothing to them whether the special legatees sold for value, or were cheated out of their legacies by the executor or any one else.
There is but one view in which the residuary legatees could have had an interest in the special legacies and a right to maintain such an action as this. If the specific pecuniary legatees or either of them had released such legacy, the re*374lease would have enured to the benefit of the residuary legatees. But the deeds here, by which the transactions were carried into effect, were not releases of the estate, but direct and formal assignments of the legacies to the purchaser or in trust for him. It is true that the executor' cannot sustain this purchase which was clearly made by him in his fiduciary character; but the residuary legatees cannot treat the ■assignment as if it had been a release and claim the benefit of the executor’s purchase. They were not parties to the instruments and cannot insist ©n their being upheld for their advantage. The benefit of the purchase must belong to the legatees who assigned, when they see fit to claim it, subject to the payment of the principal and interest paid by the executor. Upon such an assertion of their rights they will be remitted to their former state and condition. If this had been a contest between the general creditors and the executor who made the purchase, or if it had been the purchase of an outstanding incumbrance at an under value, in either case the purchase would have enured to the benefit of the estate. It was neither. Barton v. Hassard, 3 Drury & Warren’s Ch. Cases 461. His Honor was therefore correct in holding that the executor had a right as against the residuary legatees to purchase and hold the special legacies, and was not accountable to them for any profit he might malee by the purchase.
There is no error.
PER Cukiam. Judgment affirmed.