Hale v. Campbell

(under special assignment to District Court, Northern District of Iowa).

Henry and Elizabeth Hale were married in 1920. In 1922, Elizabeth inherited from her father’s estate approximately $411,500 in Iowa municipal bonds. In 1924, she executed a bill of sale to Henry of an undivided one-half interest in all of these bonds. It appears that some time after the marriage, the Hales acquired various pieces of real estate, the deeds running to both spouses. They had no children, but shortly after this bill of sale was executed, they took two small children, Herman and Betty, to rear. Apparently…