Fostoria Glass Co. v. Yoke

BAKER, District Judge.

This is a claim for refund of income and excess profits taxes paid by Fostoria Glass Company, plaintiff herein, to the defendant, F. Roy Yoke, Collector of Internal Revenue for the Northern District of West Virginia, for the fiscal years of 1935 and 1937. The claim grows out of certain transactions had by Fostoria during those years in the capital stock of Diamond Alkali Company, a Delaware corporation.

Diamond Alkali Company, a West Virginia corporation, was organized in 1910 for the purpose of manufacturing soda ash and other chemical products. Subscription to its stock…