ovember 23, 1921 (42 Stat. 261, sec. 245, part).

Provision of Revenue Act of 1921 abating the deduction (4 percent of
mean reserves) allowed from taxable income of life-insurance companies
in general by the amount of interest on their tax-exempts, and so
according no relative advantage to the owners of the tax-exempt
securities, _held_ to destroy a guaranteed exemption. (_See_ Fifth
Amendment.)

National Life Insurance Co. _v._ United States, 277 U.S. 508
(June 4, 1928).

57. Act of June 10, 1922 (42 Stat. 634, ch. 216).

A second attempt to amend sections 24 and 256 of the Judicial Code,
relating to jurisdiction of district courts, by saving "to claimants for
compensation for injuries to or death of persons other than the master
or members of the crew of a vessel, their rights and remedies under the
workmen's compensation law of any State * * *" _held_ invalid on
authority of Knickerbocker Ice Co. _v._ Stewart.

Industrial Accident Commission of California _v._ Rolph et
al., and Washington _v._ Dawson & Co., 264 U.S. 219 (February
25, 1924).

58. Act of June 2, 1924 (43 Stat. 313).

The gift tax provisions of the Revenue Act of 1924, _held_ invalid under
the Fifth Amendment as applied to _bona fide_ gifts made before passage
of the act.

Untermeyer _v._ Anderson, 276 U.S. 440 (April 9, 1928).

59. Revenue Act of June 2, 1924 (43 Stat. 322, sec. 600, in part).

Excise tax on certain articles "sold or leased by the manufacturer",
measured by sale price [specifically, "(2) * * * motorcycles * * * 5 per
centum"]--as applied to sale of motorcycle to a municipality for police
use, _held_ an infringement of State immunity under the principle of
Collector _v._ Day.

Indian Motorcycle Co. _v._ United States, 283 U.S. 570 (May
25, 1931).

60. Act of February 26, 1926 (44 Stat. 9, ch. 27, in part).

(_a_). Section 302 in part (44 Stat. 70).

Second sentence, defining, for purposes of the estate tax, the term
"made in contemplation of death" as including the value, over $5,000, of
property transferred by a decedent, by trust, etc., without full
consideration in money or money's worth, "within 2 years prior to his
death but after the enactment of this act", although "not admitted or
shown to have been made in contemplation of or intended to take effect
in possession or enjoyment at or after his death", _held_ as applied to
a transfer completed wholly between the living, spo