Francisco Sugar Co. v. Commissioner of Internal Revenue

L. HAND, Circuit Judge.

The petitioner is a New Jersey corporation, whose principal place of business is in New York; it does an extensive business in Cuba in the manufacture of sugar. Its grinding plants are there, and it has as tributary to its own land, some One hundred thousand acres, occupied and owned by Cuban peasants (“colonos”), on whose production of cane it depends for part of its supply. To secure and maintain the good will of these it has found it convenient, perhaps necessary, to act as a general merchant for their wants, holding in stock a large assortment of manufactured tools,…