Schuette v. Tax Commission

The relevant facts in these appeals are either the same .or so similar in all respects as to give rise to identical questions of law. Prior to the year 1929, Edwin Schuette acquired three thousand three hundred sixty shares of stock in the Aluminum Goods Manufacturing Company. Louis Schuette also owned stock in that company. Both of them also owned stock in the Manitowoc Savings Bank. In 1929, Edwin Schuette transferred his three thousand three hundred sixty shares of stock in the company to his brother, Louis Schuette, who, at the same time, and as part of the same transaction, transferred…