Newman v. Bowers

CLANCY, District Judge.

Plaintiffs bring this suit to recover, with interest, the sum of $60,237.01, being the amount paid by the plaintiffs’ testator as income taxes for the year 1923.

Abraham L. Newman, plaintiffs’ testator, had a three-eighths interest in the partnership of I. Newman & Sons, which was organized about the year 1874, and which was engaged in the business of manufacturing and selling ladies’ corsets. The other partners were Abraham’s brother, Jacob Newman, and the latter’s son, Samuel Newman. Samuel Newman died on July 14, 1923, and it was determined by the surviving partners…