People v. First National Bank

This is an allowed petition for leave to appeal by the State from a judgment of the Appellate Court for the Third District, which reversed a judgment of the circuit court of Rock Island County, fixing the value of United States Treasury bonds for Illinois inheritance tax purposes.

Andrew Voss died September 8, 1968, owning, among other assets, United States Treasury bonds in the face amount of $300,000. On the day of his death, the bonds were quoted in the Wall Street Journal at 78 2%2 dollars per $100 face value, resulting in a total market value of the decedent’s bonds on that day of…