Legal Opinion
Phipps v. Bowers
Court of Appeals for the Second Circuit
Decided May 18, 1931No. 331-334PublishedCited by 3 opinions
1Opinion of the Court
MANTON, Circuit Judge.
These cases were heard together. They involve the same questions, and one opinion, it is agreed, will suffice for their disposition.
The considered appeal is taken by the taxpayer, John S. Phipps, who purchased, not as an original subscriber, 3% per cent. United States Victory notes issued by the United States government under the Victory Liberty Loan Act of March 3, 1919 (40 Stat. 1309). This purchase was made in 1919, and a further purchase was made in 1920. At the time of purchase, the appellant borrowed money to buy the notes and paid interest on the loan while.he…
2Cases cited10 opinions
- Flint v. Stone Tracy Co.Supreme Court of the United States · 1911
- Corliss v. BowersSupreme Court of the United States · 1930
- Brushaber v. Union Pacific RailroadSupreme Court of the United States · 1916
- Nichols v. CoolidgeSupreme Court of the United States · 1927
- Willcutts v. BunnSupreme Court of the United States · 1931
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3Cited by3 opinions
- Brandon Corporation v. COMMISSIONER OF INT. REVENUECourt of Appeals for the Fourth Circuit · 1934
- Jackson v. PriceCourt of Appeals for the Second Circuit · 1985
- Ballester Ripoll v. Court of Tax AppealsSupreme Court of Puerto Rico · 1943