Spicer v. Smith
288 U.S. 430 (1933)

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U.S. Supreme Court

Spicer v. Smith, 288 U.S. 430 (1933)

Spicer v. Smith

No. 388

Argued January 19, 20, 1933

Decided March 13, 1933

288 U.S. 430

Syllabus

1. When installments of war-risk insurance and disability compensation are paid to the guardian appointed under the state law, the money ceases to be money of the United States, and if it be deposited by the guardian in a bank that becomes insolvent, R.S. 3466, giving priority of payment to debt due the United States, does not apply. P. 288 U. S. 433.

2. In respect of such moneys so paid and deposited, the guardian is not an agency or instrumentality of the United States. P. 288 U. S. 436.

244 Ky. 68, 50 S.W.2d 64, affirmed.

Certiorari, 287 U.S. 590, to review the reversal of a judgment recovered by the present petitioner for the full amount of his account a guardian, etc., in an insolvent bank.

Page 288 U. S. 431

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