Reynolds v. Danko

The bill of complaint was filed for the purpose of establishing a trust in twenty $100 United States War Savings Bonds, Series E.

Mahlon H. Smith, the decedent, died on October 11th, 1942. Between April 15th, 1942, and the time of his death, he purchased for cash twenty bonds of the kind above mentioned. These purchases were made through the First National Bank of Morristown and, at his request, were issued in his name as the registered owner payable on his death to the defendant, Nellie Danko, his friend.

During this period the decedent owned and operated a small confectionery business, the…