Rheinstrom v. Conner

DRUFFEL, District Judge.

The above entitled cases for refund of income taxes claimed erroneously assessed, were submitted for decision by the court upon the pleadings, agreed stipulation of facts and oral testimony, a jury being waived.

These cases grow out of the same set of facts and will be treated as one.

From a consideration of the evidence the court finds as a matter of fact: That the Karl Kiefer Machine Company, an Ohio corporation, was organized in the year 1908 with an authorized capital of $500,000, consisting of 3,000 shares of common stock, par value $100, 2,000 shares of preferred…