Dietzen v. American Trust & Banking Co.

The question presented for determination is whether or not complainant acquired valid title to certain United States Savings Bonds, having an accrued value of $1,500, and certain United States Postal Savings Certificates, having a face value of $2,500, by virtue of a gift made to him by his mother, Mrs. Rosa Dietzen.

It is contended for defendant that the bonds and certificates were not endorsed and, in fact, are nontransferable and nonnegotiable and no title conld pass by delivery.

The chancellor granted complainant a decree for the total amount of the bonds and certificates. On defendant’s…