Recent filings for MEAD'S FINE BREAD COMPANY 14 Jun 1960 The cases linked on your profile facilitate Casemine's artificial intelligence engine in recommending you to potential clients who might be interested in availing your services for similar . This amount would not have been sufficient to enable petitioner to conduct its operations for one day. Accordingly, the buildings required special wiring and plumbing, oversized loading platforms, and various other unique features. Over the years, the Mead brothers and their families split up the operations. The company used this jingle: A paper hat used by Mead's employees - "That's What I Said" "Mead's Fine Bread and Potato Chips, too" At the top is a nail file given away as a promotional item. We finally persuaded him to let us do such radio standards as Telephone to Glory and Lifes Railway to Heaven (Keep your hand upon the throttle,/And your eye upon the rail). Petitioner's books reflected advances on open account to E. P. Mead in the amount of $17,000 as of April 30, 1958, and open account advances to Ed V. Mead in the amount of $9,607.26 as of April 30, 1956, and $8,889.62 as of April 30, 1957. Read more This photograph's creation, acceptance, or submission date is unknown. Citations are also linked in the body of the Featured Case. We do not agree with any of petitioner's contentions relating to its advances to Angus. Messrs. Lynell G. Skarda, Dee C. Blythe, Clovis, N.M., for petitioner. I left the fundamentalists years and years gone by and became a Presbyterian in a big church with a paid choir whose members would die of embarrassment if you suggested they sing something as awful as Power in the Blood or Whispering Hope. Sure, a lot of the hymns we sang were composed by people like Handel, Bach, Haydn, Beethoven, Mendelssohn, and Weber: We would see Jesus, for the shadows lengthen/Across the little landscape of our life, My Jesus, as Thou wilt, tho seen through many a tear,/Let not my star of hope grow dim, or disappear. But subtle and lovely as those are, the ones I remember with greatest fondness are the passionate old blood-boilers, the ones that had to do more with tears and toil than balm and bliss. Context The last day she played, as we finished the program she slammed down a violent chord and screamed, There, you goddamn bunch of musical maniacs, and the mike was still open. Shortly after its incorporation on April 27, 1955, petitioner, in a tax-free reorganization, acquired the assets and assumed the liabilities of the following corporations, which were then dissolved: (These corporations will hereinafter sometimes be referred to as the predecessor corporations.) MEAD, BILL O. 20, 1948 (These corporations will hereinafter sometimes be referred to as the predecessor corporations.) 10, 1948), certiorari denied 335 U.S. 911 (1949). Count your blessings! When petitioner borrowed $400,000 from two banks in 1955, the Meads personally guaranteed petitioner's notes. Meads Fine Bread Co., his competitor, engaged in an interstate business. Courthouse Plaza Northeast Dayton, Ohio 45463 U.S.A. (513) 495-6323. The acquisition of the 14 plants by the predecessor corporations between 1946 and May 1, 1955, had depleted their earnings and adversely affected their ability to add to and replace equipment during the period from 1946 to 1955. December 6, 1954, the United States Supreme Court found that Mead's Fine Bread was in violation 2 of the Clayton Act and 3 of the Robinson-Patman Act this was a Landmark case in interstate competition. Fills my evry longing, Keeps me singing as I go. ELASTY FINE Filler 2 Pack | FREE 2-5 DAY SHIPPING | Remove Lines, Plump Lips, Fill Wrinkles - Works with PDO Threads | by VIVID-SCIENTIFIC - US East Coast, 1.0 . 1 Daniel Vaughn is the countrys first barbecue editor, and he has eaten more barbecue than you have. Sewing Notions & Supplies Click on the images below to view .pdf files of the inductees biography and plaque. No. In essence, the pertinent regulations provide that in computing the consolidated accumulated earnings tax for an affiliated group, which is not a mere holding or investment group,13 there shall be deducted from consolidated taxable income a consolidated accumulated earnings credit. The company's mailing address is None Given, None Given, TX 00000. Messrs. Lynell G. Skarda, Dee C. Blythe, Clovis, N.M., for petitioner. Anything? From this it derived minimal receipts. Between March 7, 1956, and November 14, 1958, petitioner conducted active negotiations to purchase 12 bakery plants, one refrigerated biscuit plant, and one ice cream plant. 9, 1954); cf. Lakewood, CO. 972. Some of the facts have been stipulated, and the stipulations of facts, together with the exhibits attached thereto, are incorporated herein by this reference. Angus had acquired these cattle at a cost of $129,734. N. E. 8th (Amarillo Blvd.) MEAD'S FINE BREAD COMPANY, a Corporation: Docket Number: No. was provided by the McMurry University Library Basic information for referencing this web page. Encasements for coins take on many different shapes. In 1957 and 1958 it purchased additional stock in this bank at a cost of $16,000 and $38,930. Whats Up With All the Kangaroos on the Loose in Texas. Click the citation to see the full text of the cited case. Discover clat Men's Volumizing Texture Spray. Thus, it is our conclusion that to the extent set out herein petitioner during the period under review was availed of for the purpose mentioned in section 532(a). When petitioner purchased E. P. Mead's stock in Mead's Frozen Foods, Inc., and Bakers Merchandise Company, Inc., on September 14, 1961, a portion of the purchase price, $113,564.78 was carried in petitioner's books as a debt to E. P. Mead. Like most kids in that time he enjoyed fishing, playing in the creek and playing catch with his older brother, Billy B., who later played in the minor leagues. Cf. The busy boulevard in 1965, six lanes wide with abundant centered street lights. Music has always had more effect on my emotions than the spoken word. 69, 80-82 (1958). section 1.537-2(c)(3),10 Income Tax Regs. I had never taken voice lessons and did not plan on becoming a music professional, but I sang a pretty fair country bass and blended well. Book now at Grape Vine Cafe - Buffalo & Lake Mead in Las Vegas, NV. Reference to our Findings of Fact indicates that petitioner has clearly demonstrated that in each of the above-described instances it used its funds for legitimate business reasons and that it has rebutted any inference of unreasonable accumulations arising from such transactions. 9, 1961), certiorari denied 368 U.S. 948 (1961); Kerr-Cochran, Inc. [Dec. 22,934], 30 T.C. (https://texashistory.unt.edu/ark:/67531/metapth1165909/m1/1/: On September 14, 1961, after petitioner obtained a loan of $1,350,000 from Republic National Bank of Dallas and repaid the Penn Mutual loan, it purchased from E. P. Mead and Ed V. Mead, at their cost, all of the outstanding stock in Mead Co., Inc., for $402,863.62. At all times relevant hereto, it was contemplated that petitioner would acquire the stock of Mead Co., Inc., after it had either paid or refinanced the loan from Penn Mutual. Website unavailable outside U.S. For the Tucson plant, it had estimated construction cost of $100,000 and costs for equipping the plant of $250,000. It maintains its books and records and files its Federal income tax returns on the basis of a fiscal year ended April 30. Notes [ edit] Zoom and Pan the map as needed. Mead's Fine Bread Co. v. Moore, 208 F.2d 777 (10th Cir. Thus, the business of one corporation may be regarded as including the business of another corporation if such other corporation is a mere instrumentality of the first corporation; that may be established by showing that the first corporation owns at least 80 percent of the voting stock of the second corporation. Sign up for our periodic e-mail newsletter, and get news about our photograph University of North Texas Libraries, The Portal to Texas History, View a full description of this photograph, Brightness, Contrast, etc. BILL MEAD OBITUARY. 141 (1959), affd. The loan agreement also prevented petitioner from acquiring any subsidiaries in addition to Mead's Angus Mesa, Inc. These . Prior to the fine, Meads Bakery produced bread, rolls and pastry items for small retailers throughout Luton and surrounding counties. Aside from the tenant farmer, Angus had no employee during the years in issue. Of the 711 students enrolled in the school, 4 had their own cars. and at Hobbs, Roswell, and Clovis, New Mexico. Side: University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; MEAD'S FINE BREAD COMPANY Company Number 244244 Status Voluntary Dissolution Incorporation Date 17 August 1946 (over 76 years ago) Company Type Domestic Profit Corporation Jurisdiction New Mexico (US) Registry Page https://portal.sos.state.nm.us/BFS/on. If one corporation owns the stock of another corporation and, in effect, operates the other corporation, the business of the latter corporation may be considered in substance, although not in legal form, the business of the first corporation. Read more For partners and peer institutions seeking information about Cf. February 2023 Reader Quiz: What Did You Learn? Motor Fuel Carriers, Inc. v. United States [63-2 USTC 9697], 322 F.2d 576 (C. A. The major portion of this amount consisted of $281,000 representing proceeds from the Penn Mutual loan. Mead's Fine Bread" The bread company was known for its radio jingles, one of which was written and sung by well-known disc jockey Bill Mack. Patricia Sharpe writes a regular restaurant column, Pats Pick, for Texas Monthly. See section 1.535-3(b)(ii), Income Tax Regs. They all market their bread under the name 'Mead's Fine Bread' and promote the product through a common advertising program. It also distributes school and office supplies made by Mead and other companies and has . try Mrs. Bairds. Or was that a legend? . WHEN UPON LIFES BILLOWS you are tempest tossed, When you are discouraged, thinking all is lost . 160, 169-170 (1950); Reginald C. Vanderbilt [Dec. 2059], 5 B. T. A. Petitioner filed its returns with Angus on a consolidated basis. endowment When the quartet gave up after Kneel at the Cross, the band played onto the clapping of the crowd. A chaplains assistant, also named Greene, who later starred at Westminster Choir College, called me at midnight, asked me if my story of singing bass on the radio was a lie, and ordered me to report at 0700 to form the Navy Quartet and practice for feature presentation that afternoon. Although petitioner purchased the site for a new plant in Ada, Oklahoma, in October 1957, it abandoned plans for constructing this plant in 1961 because its other plant in that town was not operating as profitably as had been expected. Development costs for the new route, including additional consumption of supervisor time and more stale, unsold bread to be picked up from the stores on the route, result in losses of approximately an additional $5,000 per route for the first year of operation. Had professional backup: steel, drums, amped lead and bass, acoustic rhythm, Autoharp, and an absolutely wonderful Baptist Sunday school piano. [Mead's Fine Bread Company], Dates and time periods associated with this photograph. Section 535(c). This fact is determinative of the purpose to avoid the income tax with respect to its shareholders unless petitioner shall prove to the contrary by a preponderance of the evidence. We took requests, although most of the cards and letters asked for the jingly kind of quartet songs, which Fred disapproved of. . The boycott gave Moore a complete monopoly of the bread business in Santa Rosa. His signature on the check didnt mean that FDRs son had been born again. He controlled the station I sang for. standards, project requests, and our services. MEAD'S FINE BREAD COMPANY, a Corporation. They all market their bread under the name 'Mead's Fine Bread' and promote the product through a common advertising program. As reserve against this contingency, petitioner purchased in 1956 securities consisting of U. S. Government bonds, Series F, at a cost of $17,031.11 and common stock in the First State Bank of Amarillo at a cost of $5,100. Mead and his four sons. Telephone to Glory, oh, what joy divine! photograph, Ed V. Mead, formerly the president of El Paso and, during the years in issue, vice-president of petitioner, resided at all times relevant hereto in a home located on the farm. Mead's Fine Bread Co. No. The related events are co-sponsored by the Fine Arts Department, the Theater and Dance Department, and the Women's and Gender Studies Department. Although a portion of petitioner's sales was on a cash basis, an increasing number were being made on credit, either on weekly or 30-day payment terms. Petitioner has failed to meet its burden of proof on this ultimate issue. ); (2) the amount of petitioner's securities investments during the years in issue (cf. Featured Shops . He was a true golden-throat. MEAD'S FINE BREAD COMPANY Company Number 0010084800 Status Voluntarily Dissolved Incorporation Date 8 November 1949 (about 73 years ago) Dissolution Date 29 April 1960 Company Type Domestic For-Profit Corporation Jurisdiction Texas (US) Alternative Names. Varieties|Coin Links|About| We have found that petitioner in each of the years before us accumulated a portion of its earnings beyond the reasonable needs of its business. True, I had been given a work concession by Abilene Christian College, where I was enrolled, but it was for only $20, which not only didnt cover tuition but didnt cover food, shelter, clothing, or bus fare. Between the years 1955 and 1960, Angus sustained the following losses: During each of the years in issue, petitioner advanced substantial amounts on open account to Angus. Thus, petitioner was, in effect, prevented by the terms of the Penn Mutual loan from expanding by means of debt financing. I had to hitchhike from the college to downtown because I couldnt afford a dime for the bus. Obverse reads: "Mead's Fine Bread" The encasement has wrapper lines on the right end to give it a 3-D look. extended guidance on usage rights, references, copying or embedding. But he was a good sport. Rehearing Denied Jan. 31, 1955. 334. ACE Newsletter "The Casement" - PDF files available, https://caselaw.findlaw.com/us-supreme-court/348/115.html. 4615. On September 14, 1961, petitioner also purchased all of Mead's Frozen Foods, Inc., for $97,727. Pursuant to section 537, the term "reasonable needs of the business" includes the reasonably anticipated needs of the business. One by one the rest got tickled and had to drop out, the organist quit playing, and I found myself, the bass, doing a solo on Some Time Well Understand, while my bereaved friend looked on with bafflement. As a direct result of these negotiations, petitioner did, in fact, purchase 4 of these plants, as follows: In addition to its plans for purchasing additional bakery plants during the years herein involved, petitioner also had specific plans for constructing new plants in Tucson, Arizona, and Ada, Oklahoma. During the calendar years 1956 through 1958, E. P. Mead filed joint Federal income tax returns with his wife, Jessie Mead, and reported taxable income thereon which put them in the tax bracket of 20 percent, 62 percent and 53 percent, respectively. ., We changed the opening song to the lovely old Dutch hymn We Gather Together, but we loosened up the format, so to speak, and worked in lots of things like Precious Memories as well as marching songs: Marching to Zion, Onward, Christian Soldiers, Are You Washed in the Blood, Revive Us Again. We cut big, fifteen-minute, hill-and-dale ETs (electronic transcriptions) that were shipped to three other radio stations across West Texas. These corporations maintain plants at Lubbock and Big Spring, Texas, and at Hobbs, Roswell, and Clovis, New Mexico. 1922); Henry P. White [Dec. 20,611], 23 T.C. 121: Decision Date: 06 December 1954: 348 U.S. 115 75 S.Ct. PO Box 130967, Tyler, TX 75713. These buildings were constructed by Mead Industries, Inc., according to petitioner's exact specifications. Doing a bread spot, he said, For the breast in bed . Opinion for Mead's Fine Bread Co. v. Moore, 208 F.2d 777 Brought to you by Free Law Project, a non-profit dedicated to creating high quality open legal information. We've created an See 348 U.S. 932, 75 S.Ct. Subsequently, the Court noted that " the decisions of the federal courts in primary-line-competition cases . Messrs. Lynell G. Skarda, Dee C. Blythe, Clovis, N.M., for petitioner. Sponsored He appointed me to reorganize the quartet, took out half a page in the newspaper to announce itand paid us $15 a week. They had a competitor in Santa Rosa, Texas, and Mead's cut the price of their bread from 14 to 7. 1954) December 11, 1953 Rehearing Denied January 16, 1954 Edward W. Napier, Lubbock, Tex. Sat Mar 04 2023 at 09:00 am Reach Day. 1055 (1927), affd. K-12 lesson plans, tools, and other help for history teachers. By using this website, you are consenting to the use of cookies. Moreover, the fact that petitioner filed its income tax returns on a consolidated basis with its subsidiary, Angus, does not affect this conclusion. Petitioner, also on September 14, 1961, purchased from E. P. Mead at his cost, $66,326.94, all of the outstanding stock in Bakers Merchandise Company, Inc., Amarillo, Texas. We had some touching arrangements for the lovelier songsI broke up many a time as we hummed under a tenor solo (Sweet hour of prayer, sweet hour of prayer,/Thy wings shall my petition bear) or sang What a Friend We Have in Jesus., So many of those old hymns were laboring songs: Work for the Night Is Coming, To the work! Commissioner v. Ehrhart [36-1 USTC 9142], 82 F.2d 338 (C. A. Rich in sea salt and amino acids, our formula instantly lifts limp hair from the roots, while Fo-Ti and hydrolyzed rice protein improve hair growth and density in the long term. There is only one bread shape that I know about and that is the Mead's Fine Bread encased. Neither petitioner nor any of the predecessor corporations has ever declared or paid a taxable dividend. After I added the thyme, ham and sour cream, my husband declared, "This is it!". Thereafter, Angus' sole activity, aside from renting the home on its farm to Ed V. Mead and selling off unneeded equipment, was to lease, on a share crop basis, a portion of its land for the cultivation of hay. Our guide whispered to us that sometimes the service went on until pretty late and we might want to leave. Mead's Fine Bread operated in Texas and New Mexico. (1954) - Free download as PDF File (.pdf) or read online for free. This photograph is part of the collection entitled: Abilene Library Consortium and was provided to The Portal to Texas History by the McMurry University Library . accessed March 4, 2023), His business was wholly intrastate. The cattle were sold at auction in October 1955. Meads Quartet didnt need all that support system. Creator: Unknown. From that time to date, their activities in this business reflect sustained growth, expansion and diversification. Mead's Fine Bread Co., 348 U.S. 115, 75 S.Ct. . After a revenue agent made an income adjustment to Angus' return in 1956 for unreported rental income of $4,200, Angus in subsequent years began to report rental income for the quarters occupied by Ed V. Mead. Argued Nov. 17, 1954. The Portal to Texas History, Listed below are those cases in which this Featured Case is cited. 1. Members (2): Duane D Mead / Director, President, Treasurer Box 130967, Tyler, TX 75713 Mary A Mead / Director, Secretary, Director Box 130967, Tyler, TX 75713. to Will the Circle Be Unbroken, The Great Speckled Bird, and Farther Along got a fair amount of air time on a New York gospel station. Public Company Incorporated: 1930 Employees: 21,600 Sales: $4.77 billion Stock Exchanges: New York Midwest Pacific The Mead Corporation is one of the world ' s largest manufacturers of paper and related products. United States Tax Court.https://leagle.com/images/logo.png. Trash Compactor Parts & Accessories. Crayola Dymo Elmer's Five Star Mead Paper Mate Pen+Gear Scotch Sharpie Texas Instruments The Happy Planner The Pioneer Woman. On September 12, 1955, petitioner borrowed a total of $400,000 from two banks. Moore v. Mead's Fine Bread Co., 348 U.S. 115 (1955) - Free download as (.court), PDF File (.pdf), Text File (.txt) or read online for free. They all market their bread under the name 'Mead's Fine Bread' and promote the product through a common advertising program. a digital repository hosted by the awards, and more. crediting McMurry University Library. Funerals became an almost weekly ritual. As the Court of Appeals for the Fourth Circuit noted in Smoot Sand & Gravel Corporation v. Commissioner [60-1 USTC 9241], 274 F.2d 495, 500 (1960), affirming a Memorandum Opinion of this Court [Dec. 23,307(M)], certiorari denied 362 U.S. 976 (1960): We believe petitioner has amply demonstrated that as of May 1, 1955, its accumulated earnings and profits in the amount of $2,058,115.20 had been so translated into plant expansion, new equipment, increased receivables, etc., and that, therefore, they were not available to satisfy any reasonable business needs that might confront petitioner during the years in issue.
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