F. S. Lewis & Co. v. United States

SPARKS, Circuit Judge.

This appeal presents the same question presented to this court in the case, United States v. Uhlmann Grain Co., 84 F.2d 901, namely, the taxability or non-taxability under section 800 et seq. of Schedule A(4), Tit. 8, of the Revenue Act of 1926, 44 Stat. 102, 26 U.S.C.A. §§ 903, 921(b)(2), of a series of transactions known on the Chicago Board of Trade where they occurred, as accommodation trades or position loans. Since we analyzed and described the transactions in our opinion in that case, we do not repeat that analysis here but refer to our former opinion wherein we…