Court of Appeals for the Second Circuit June 2, 1966, 317, Docket 30208 (Estate of Jack F. Chrysler, Edith B. Carr, John W. Drye, Jr. And Manufacturers Hanover Trust Company, Executors v. Commissioner of Internal Revenue)

MOORE, Circuit Judge:

Petitioner is the Estate of Jack F. Chrysler, Deceased. Decedent died on November 7, 1958, a resident of New York, survived by his wife Edith (now Edith B. Carr) and two children, Helen and Jack, Jr.

During his lifetime, decedent deposited funds belonging to him in a checking account designated “Account No. 1 — Jack F. Chrysler or Edith B.