As the result of a close decision in the final argument of the Ames Competition last Friday evening, the high-light of the winter activities in the Law School, the Harlan Club was awarded first prize of $300, and the Brandies Club a second prize of $200. After the last argument, the three judges, all eminent jurists of their respective states, went into conference for a period of about 15 minutes, and then "Chief Justice" C. W. Parker, justice of the supreme court of New Jersey, after bringing to the attention of the audience of over 1000 people jammed into the court room of Langdell Hall, that the arguments of the potential lawyers were on a considerably higher plane than those of many lawyers practicing today, rendered the decision to uphold the rule against perpetuities in insurance trusts, a point of law involving hundreds of millions of dollars now accumulating in this popular form of family settlement.
M. M. Schnitzler 3L and R. E. Kopp 3L, speakers for the Brandies Club, defending the side of the First Baptist Church, argued that a trust did not arise upon the delivery of an insurance policy to purported trustees, and defended an application of general principles behind the rule against perpetuities, in contrast to a strict application of the rule.
S. B. Anderson 3L and E. F. Morris 3L. defendants-in-error and speakers for the Harlan Club, successfully defended a strict application of the rule against perpetuities. After the polished delivery of Morris, the outcome was generally expected.