ANDREWS v. COMMISSIONER OF INTERNAL REVENUE

No. 135.

38 F.2d 55 (1930)

ANDREWS et al. v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Second Circuit.

February 3, 1930.


Attorney(s) appearing for the Case

Leon R. Jillson, of New York City, for petitioner.

G. A. Youngquist, Asst. Atty. Gen., and Sewall Key and Randolph C. Shaw, Sp. Asst. Attys. Gen. (C. M. Charest, Gen. Counsel, and E. Riley Campbell, Sp. Atty., Bureau of Internal Revenue, both of Washington, D. C., of counsel), for respondent.

Before MANTON, L. HAND, and MACK, Circuit Judges.


L. HAND, Circuit Judge.

The decedent, Effie Andrews, died in 1923 at Saratoga Springs, N. Y., seised in remainder in fee of a half interest in a piece of real property, 47 West Fifty-Seventh street, New York City, subject to a life estate of her brother, George D. Cochran, 74 years old. She was also possessed of $100,000 of bonds of a real estate company in New York secured by a second mortgage; these were not listed upon any exchange, and there was no market for...

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