PLANTERS' COTTON OIL CO. v. HOPKINS

No. 6243.

53 F.2d 825 (1931)

PLANTERS' COTTON OIL CO., Inc., et al. v. HOPKINS, Internal Revenue Collector.

Circuit Court of Appeals, Fifth Circuit.

November 20, 1931.


Attorney(s) appearing for the Case

J. M. Burford, of Dallas, Tex., and J. L. Gammon, of Waxahachie, Tex., for appellants.

Wright Matthews, Sp. Atty., Bureau of Internal Revenue, of Washington, D. C., and Norman A. Dodge, U. S. Atty., of Fort Worth, Tex., for appellee.

Before BRYAN, FOSTER, and HUTCHESON, Circuit Judges.


HUTCHESON, Circuit Judge.

The consolidated return for the fiscal year ending June 30, 1924, of Planters' Cotton Oil Company, Waxahachie, and Planters' Cotton Oil Company, Ennis, unincorporated associations, 98 per cent. of the stock of which was owned by Chapman, showed a net loss of $206,031.03. Of this total, $182,284.86 was the loss of the Waxahachie company; $23,746.17 of the Ennis company. For reasons of his own not disclosed by the stipulation on which the case...

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