Bellefield Co. v. Reiner

WOOLLEY, Circuit Judge.

The Belle-field Company, a Pennsylvania corporation, brought this suit against a collector of internal revenue to recover taxes paid under protest. A jury was waived, the case tried to the court on facts stipulated and judgment entered for the collector. The case is here on the plaintiff’s writ of error raising the single question whether the instruments on which documentary stamp taxes were exacted are bonds or notes.

The Bellefield Company, needing money, arranged with banks in. Pittsburgh for a lino of credit to the amount of $400,000 on ordinary short-term promissory…