EVANS, Circuit Judge (after stating the facts as above).
The taxpayer was a Wisconsin corporation engaged in manufacturing automobile castings. It sold certain of its goods to Cotta Transmission Company of Rockford, Illinois, which company became indebted to it in 1920, in the sum of $39,983.27.
In the fall of 1920 the debtor's financial breathing became labored. It was unable to meet its obligations and frankly wrote to its creditors asking for a five year...
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