Burk-Waggoner Oil Ass'n v. Hopkins

ATWELL, District Judge.

The plaintiff alleges that it is an unincorporated association or partnership; that its members ¡contributed $60,000 as a capital to be used in the business of producing oil in the oil fields of Wichita county, Tex.; that in the year 1919 it received a profit on such investment of $1,838,053.90; that the bureau of internal revenue of the United States had adopted certain rules and regulations which required the plaintiff to pay $561,279,20, income tax' on said net profit; that such payment was made in four installments, the first three being paid to the predecessors of…