COMMISSIONER OF INT. REV. v. WESTERN UNION LIFE INS. CO.

No. 6762.

61 F.2d 207 (1932)

COMMISSIONER OF INTERNAL REVENUE v. WESTERN UNION LIFE INS. CO.

Circuit Court of Appeals, Ninth Circuit.

September 26, 1932.


Attorney(s) appearing for the Case

G. A. Youngquist, Asst. Atty. Gen., and Sewall Key and J. Louis Monarch, Sp. Assts. to Atty. Gen. (C. M. Charest, Gen. Counsel, and T. M. Mather, Sp. Atty., Bureau of Internal Revenue, both of Washington, D. C., of counsel), for petitioner.

Graves, Kizer & Graves, of Spokane, Wash., for respondent.

Before WILBUR and SAWTELLE, Circuit Judges, and NORCROSS, District Judge.


NORCROSS, District Judge.

Respondent is a life insurance company organized under the laws of the state of Washington. One form of policy written by respondent contains provisions whereby additional benefits are given by means of several interest bearing coupons attached to and made a part of the policy. The first coupon matures at the end of the first year after the policy is written, the second coupon at the end of the second year, and so on; the amounts increasing...

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