Insuranshares & General Management Co. v. United States

. Madden, Judge,

delivered the opinion of the court:

Plaintiff in 1927 and 1928, then known as the Insuranshares Management Company, entered into agreements with Insur-anshares Corporation, herein called the distributor, and Farmers Loan and Trust Company, herein called the trustee. By these agreements five investment funds were set up in the hands of the trustee. The funds consisted of stocks of banks, trust companies and insurance companies designated by plaintiff, acquired by the distributor and deposited with the trustee. The two funds involved here were H-27, set up in 1927, and B-28, set…