First State Bank of Pineville v. Slusher

Opinion op the Court by

Creal, Commissioner—

Reversing.

One June 12, 1929, Mrs. Axie Slusher purchased from the First State Bank of Pineville, Ky., through its-, president, George R. Reese, six $1,000, 6 per cent, collateral trust gold bonds, series B, numbered 341-346, inclusive, which had been issued by the Central Securities Company of Asheville, N. C., for which she paid the sum of $6,000. The interest on the bonds was payable semi-annually on the 1st day of February and the-1st day of August in each year, and she was paid $30' interest due on each bond on August 1, 1930, but received no…