States v. Lawrence Stern & Co.

SPARKS, Circuit Judge.

This appeal presents the question stated in Founders General Corporation v. Hoey and two other cases, 300 U.S. 268, 57 S.Ct. 457, 458, 81 L.Ed. -, decided by the’Supreme Court March 1, 1937: “When, at the instance of one entitled to receive stock, the certificates therefor are, at his request and for his convenience, issued by the corporation in the name of a nominee who receives no beneficial interest therein, does the transaction involve a transfer by the beneficial owner requiring a documentary stamp pursuant to section 800, Schedule A (3) of the Revenue Act of 1926,…