“ We hold that the immunity from taxation does attach to bank credits of the veteran or his guardian which do not represent or flow from his investments but result from the deposit of the warrants or checks received from the government when such deposits are made in the ordinary manner so that the proceeds of the collection are subject to draft upon demand for the veteran's use. ”

“ We held that land purchased by the guardian with such moneys was not exempt. We said: 'The statute speaks of 'compensation, insurance, and maintenance and support allowance payable' to the veteran and declares that these shall be exempt. We see no token of a purpose to extend a like immunity to permanent investments or the fruits of business enterprises. Veterans who choose to trade in land or in merchandise, in bonds or in shares of stock, must pay their tribute to the state.' Id., 290 U.S. 354, at pages 356, 357, 54 S.Ct. ”

“ The agreed case showed the bank deposits as they stood on April 1st of each year. [3] It does not appear when the amounts making up these annual balances had been deposited or whether there was any special agreement relating to them. ”