Brown v. Commissioner of Internal Revenue

MeDERMOTT, Circuit Judge.

On April 10, 1930, David Brown, without consideration, transferred to his wife 3,-487 shares of stock of the value of $266,-163.75. He was 73 years old; the Mayo Clinic, in the summer of 1929, advised him that, except for a high blood pressure, he was in excellent health; they advised him to forget his blood pressure except to be moderate in exercise and eating. In September he passed a kidney stone, which laid him up-for part of a day. Indigestion bothered him, and in January, 1930, he went to a sanitarium in California, where he dieted ánd rested for three weeks,…