Concrete Engineering Co. v. Commissioner

*219OPINION.

MoeRis:

A very brief review of the facts set forth hereinabove convinces us that the two patents in question were extremely valuable when acquired by the petitioner. The invention was a proven success from the very beginning of the use thereof by the partnership which the petitioner succeeded. During the two years of the partnership’s existence 1,500,000 square feet of concrete flooring were constructed by the Meyer method at a net profit of approximately $30,000. The petitioner’s business increased from 1,710,344 square feet of concrete floor construction in 1915 to 10,928,954 square…