Caruso Estate

SIMMONS, J.,

The undisputed facts in this case are as follows: that Eugene V. Caruso purchased entirely from his own funds a total of $39,267.13 in United States Savings Bonds, Series E, registered in the names of Eugene V. Caruso or Frances Caruso. These bonds were purchased through his employer, Macbeth-Evans Federal Credit Union and his subsequent employer, Corning Glass Company. The purchase of these bonds by Eugene V. Caruso began back on September 12, 1949, and continued up until February of 1966. The purchase price of the bonds was deducted from his wages received as an employe at…