HINRICHS v. HELVERING

No. 6912.

95 F.2d 117 (1938)

HINRICHS v. HELVERING, Commissioner of Internal Revenue.

United States Court of Appeals for the District of Columbia.

Decided January 17, 1938.


Attorney(s) appearing for the Case

Oscar P. Mast, of Washington, D. C., for petitioner.

James W. Morris, Asst. Atty. Gen., and Sewall Key, J. Louis Monarch, A. M. Sellers, Morrison Shafroth, and DeWitt M. Evans, all of Washington, D. C., for respondent.

Before GRONER, STEPHENS, and MILLER, Associate Justices.


GRONER, C. J.

This is a tax case. Petitioner purchased in 1928 five shares of the stock of the Capital Title & Guarantee Company, of Washington city, and paid therefor $500. The inducement to the purchase was a letter written by an official of a New York title company to the president of the Washington company to the effect that the plant of the latter had been examined by experts of the New York company and found to be one of the best title plants in existence...

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