United States Steel Corp. v. Wood

On Rehearing.

Appellant’s brief on application for rehearing states:

“ * * * The Court’s analogy to the construction of an insurance policy, as based on the Drummond and Usher decision, is misleading and unsound. Sums payable to beneficiaries of an insurance policy are paid wholly from funds accumulated from premiums paid solely by the policy holders ‘who bought the protection’. This is not true in respect to funds from which unemployment compensation benefits are paid. The greater portion of such funds does not accumulate from the fractional contribution by employees but from taxes levied…