Heinemann Chemical Co. v. United States

DAVIS, Circuit Judge.

This is an appeal from a judgment on a bond in favor of the United States.

At the time of filing its income tax. return for 1918, the Heinemann Chemical Company, one of the appellants here, filed a claim for abatement of $23,174.51 of the tax assessed against it on the ground that it had sustained a substantial loss for the taxable year and gave its bond for $46,350 with the American Surety Company, the other appellant here, as surety, “conditioned for the payment of any part of such tax found to be due, with interest,” at the rate of 12 per cent, per annum. The…