U.S. Supreme Court
Spicer v. Smith, 288 U.S. 430 (1933)
Spicer v. Smith
Argued January 19, 20, 1933
Decided March 13, 1933
288 U.S. 430
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. chanroblesvirtualawlibrary