Anderson v. United States

FOSTER, Circuit Judge.

Appellant brought suit to recover certain income taxes, paid under protest, amounting-' to about $2,500, and appeals from an adverse judgment. There is no dispute as to the material facts, which may be briefly stated as follows:

In 1919’ plaintiff closed out an insurance business, conducted by the partnership of Anderson & Patterson of which he was a member, and retired with a considerable amount of money, how much is not shown. He became interested in the Lone Star Stone Company, a corporation engaged in supplying crushed stone suitable for road building. The- Lone Star…