TRUST CO. OF GEORGIA v. ALLEN

Civ. A. No. 580.

84 F.Supp. 944 (1949)

TRUST CO. OF GEORGIA v. ALLEN, Collector of Internal Revenue.

United States District Court M. D. Georgia, Macon Division.

May 30, 1949.


Attorney(s) appearing for the Case

Spalding, Sibley, Troutman & Kelley, Atlanta, Ga. (Furman Smith, Atlanta, Ga., of counsel), for plaintiff.

Theron Lamar Caudle, Asst. Atty. Gen., Andrew D. Sharpe, Fred S. Gilbert, Jr., Sp. Assts. to Atty. Gen., John P. Cowart, U. S. Atty., Macon, Ga., T. Reese Watkins, Asst. U. S. Atty., Macon, Ga., for defendant.


DAVIS, District Judge.

The above case having been submitted to the Court without the intervention of a jury, and the Court having heard evidence and argument of counsel, the Court makes the following findings of fact and conclusions of law:

Findings of Fact.

1. In 1931 and prior thereto plaintiff, Trust Company of Georgia, had a wholly owned subsidiary named the First National Company. The First National Company was engaged in the business of underwriting...

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