FIRST NAT. BANK IN WICHITA v. Commissioner of Int. Rev.

POLLOCK, District Judge.

The facts out of which this controversy arose are these: Petitioner on June 20,1923, purchased 25 shares of the capital stock of the Security National Bank of Arkansas City, Kan., paying therefor the full par value of the shares, $2,500. On or about the 11th day of September, 1923, petitioner received a notice from tbe board of directors of tbe bank that tbe Comptroller of tbe Currency bad found tbe capital of tbe bank impaired to the extent of $40,956,' and this amount should be made up by an assessment upon the shareholders of the bank, which assessment of 41 per…