American National Bank of St. Joseph v. United States

DUNCAN, District Judge.

This action arises under the Internal Revenue Laws of the United States, Section 41(20) [now § 1346] of Title 28 United States. Code Annotated to recover for loss arising out of plaintiff’s stock ownership in the Braddyville State Bank, Braddy-ville, Iowa, for which it took credit in its 1944 income tax return, and which was later disallowed by the Commissioner of Internal Revenue.

The case was submitted to the court upon stipulation of facts and evidence respecting the question of whether or not the assets over which the claim arose, had a determinable market value at…