121 Argued November 17, 1954 Decided December 6, 1954 348 U.S. 115 CERTIORARI TO THE UNITED STATES COURT OF APPEALS FOR THE TENTH CIRCUIT Syllabus Petitioner sued respondent for treble damages for violations of 2 of the Clayton Act and 3 of the Robinson-Patman Act. 1954) December 11, 1953 Rehearing Denied January 16, 1954 Edward W. Napier, Lubbock, Tex. Vintage Advertising Lot; Mead's Fine Bread;Purina;Rook;Press on Tape His business was wholly intrastate. That girl had a better knack for peacemaking than war, and even a hound like Radagon could be coaxed away from his aggressive mantras. Petitioner actually converted two of its plants in 1961 and another in 1962, at an aggregate cost of $451,125.32. WHEN UPON LIFES BILLOWS you are tempest tossed, When you are discouraged, thinking all is lost . 4615_1 in the Court of Appeals for the Tenth Circuit. The Sahara Sands Motel (BELOW) became a Holiday Inn about 1963 (ABOVE) It boosts volume, adds texture, and promotes growth. An expert in cost controls, he rose through the ranks to be named controller in 1956 and vice-president, treasurer and CFO in 1965. Petitioner and its affiliate, Angus, had gross income, cost of goods sold, operating expenses, and taxable income6 for the years in question, as follows: Petitioner retained all of its earnings during the years in issue. What responsibilities do I have when using this photograph? Lalvin EC-1118. Crayola Dymo Elmer's Five Star Mead Paper Mate Pen+Gear Scotch Sharpie Texas Instruments The Happy Planner The Pioneer Woman. Our Findings of Fact contains the various factors which led us to this conclusion. Listed below are the cases that are cited in this Featured Case. Find many great new & used options and get the best deals for Vintage Advertising Lot; Mead's Fine Bread;Purina;Rook;Press on Tape and More at the best online prices at eBay! Telephone to Glory, oh, what joy divine! 7, 1935), affirming [Dec. 8135] 28 B. T. A. 90 (1954), affd. Dates and time periods associated with this photograph. The sponsor was a bakery; the subject was the Bread of Life. When the war was over I returned to college and, despite the GI bill, the need for extra income arose. Descriptive information to help identify this photograph. In 1959, he merged that business with Campbell Taggart, and a few years later, he became chairman and CEO of the company. Section 533. During the years in issue petitioner spent a total of approximately $1,400,000 for additions to its existing plants and equipment. Anderson's Business Law and the Legal Environment, Comprehensive Volume (23rd Edition) Moore ran a bakery in Santa Rosa, New Mexico. Copy slide of a photograph of the exterior of Mead's Fine Bread company building with a horizontal line of Mead's delivery trucks visible by the curb outside the building. large collection of U.S. government documents. Although petitioner acquired a plant site in Tucson on March 13, 1958, it later abandoned the project after the years in issue because a competitor that already serviced that market announced that it was opening a plant in Tucson. On March 21, 1961, respondent, by registered mail and pursuant to section 534, notified petitioner that respondent intended to issue a deficiency notice for the taxable years ended April 30, 1956, through April 30, 1958, based on section 531. However, because of our finding that a portion of its earnings and profits were accumulated to meet the reasonable needs of its business during its taxable years ended April 30, 1957 and 1958, petitioner is entitled to a consolidated accumulated earnings tax credit based upon such finding. 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. section 1.537-2 (c)(3), Income Tax Regs. We've created an I like to serve this rich, saucy entree with a salad and homemade French bread. Creation Date: Unknown. (https://caselaw.findlaw.com/us-supreme-court/348/115.html - United States Supreme Court, MOORE v. MEAD'S FINE BREAD CO.(1954)), Home|Articles| I thought I had it made as a singing swabbie. 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. It also believed that since the consumption of refrigerated biscuits directly cut into the bread market, it should expand into the biscuit business to protect its share of the market. The ultimate issue for our decision is whether petitioner was availed of during its fiscal years ended April 30, 1956, through April 30, 1958, for the purpose of avoiding income taxes with respect to its shareholders by permitting its earnings and profits to accumulate instead of being divided or distributed. Our guide for the night met us and slipped us in through the back door, seating us on the front row of the choir. On another occasionthe funeral of the father of a friend of mineTommy got off on the wrong key to begin with (the organist was unfamiliar with our style) and started positively whimpering instead of singing. Listed below are those cases in which this Featured Case is cited. But he was a good sport. In 1953, E. P. Mead made a trip to New Jersey to inspect a bakery plant that had converted to the continuous mix method of manufacturing bread. During the years in issue petitioner had definite plans for the acquisition of additional bakeries and for diversification into related businesses. The encasement material is the traditional aluminum and is the thickness of a cent. West Texans Are Learning What It Means to Live in Bear Country, How Florence ButtNot Her SonLaunched the H-E-B Empire, H-E-Bs True Texas BBQ Restaurant Is Slipping, Jimmy Carters Peanut-and-Egg Taco Made Quite the Impression on San Antonians. They foresaw the promise of whole grain breads, ultimately renaming the company after the brand of its market-leading products, Earth Grains. ELASTY FINE Filler 2 Pack | FREE 2-5 DAY SHIPPING | Remove Lines, Plump Mead Service Company and Mead's Fine Bread Company, hereinafter referred to as Mead, were confronted with a boycott at Santa Rosa, New Mexico, which entirely deprived them of a market for their bread at that point. MEAD'S FINE BREAD COMPANY, a Corporation. Co. v. United States [47-1 USTC 9280], 72 F.Supp. ACE Newsletter "The Casement" - PDF files available, https://caselaw.findlaw.com/us-supreme-court/348/115.html. Real Good Kitchen. Our theme song was bouncy: Theres within my heart a melody . My mead has about 12% alcohol, but the yeast could go to 18%. Mr. Mead (1919-2006) started after high school as a bread route salesman for the Abilene, Texas bakery owned by his father and uncle. University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; photograph Abilene Library Consortium and To learn more about cookies and how ASB uses them please visit our Privacy Policy page. . Because of the large growth of population in the cities in which petitioner's principal bakeries were located, new routes had to be continuously developed to meet competition. K-12 lesson plans, tools, and other help for history teachers. Jesus and Mead's Fine Bread [May 1983] - Texas Monthly However, the evidence petitioner presented as to the specific amount of these needs is somewhat inconclusive. If the answer to this issue is in the affirmative, we must determine for each year in question what part of petitioner's earnings and profits, if any, has been retained for the reasonable needs of its business. Fills my evry longing, Keeps me singing as I go. Count your blessings! The busy boulevard in 1965, six lanes wide with abundant centered street lights. 1949 Mead's Fine Bread Encased Cent | #347059981 Side: These structures were, therefore, suitable solely for baking purposes. University of North Texas Libraries, The Portal to Texas History, View a full description of this photograph, Brightness, Contrast, etc. Its average cash balance for the four weeks ended March 1, 1956, excluding the Penn Mutual loan from proceeds, was $40,733.86. John Randolph Hopkins [Dec. 17,811], 15 T.C. image file These jingles ran on Wichita Falls radio, and TV in the late 1950's and into the 1960's. Mead's Bakery was founded in 1918 by J.H. Creation Information Creator: Unknown. available in multiple sizes, descriptive and downloadable metadata available in other formats, United States - Texas - Taylor County - Abilene, /ark:/67531/metapth1165909/metadata.untl.xml, /ark:/67531/metapth1165909/metadata.dc.rdf, /ark:/67531/metapth1165909/metadata.dc.xml, /oai/?verb=GetRecord&metadataPrefix=oai_dc&identifier=info:ark/67531/metapth1165909, /ark:/67531/metapth1165909/metadata.mets.xml, /ark:/67531/metapth1165909/opensearch.xml, /stats/stats.json?ark=ark:/67531/metapth1165909, https://texashistory.unt.edu/ark:/67531/metapth1165909/. Sewing Notions & Supplies --- Decided: Dec 6, 1954 See 348 U.S. 932, 75 S.Ct. Solved: Moore ran a bakery in Santa Rosa, New Mexico. His business was Messrs. Lynell G. Skarda, Dee C. Blythe, Clovis, N.M., for petitioner. 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. Get free access to the complete judgment in MEAD'S FINE BREAD CO. v. MOORE on CaseMine. The first and only black cheese, creamy and mature and mixed with chilli. 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 . Mead's Fine Bread operated in Texas and New Mexico. Do they still sing The Old Rugged Cross? photograph, We've been unable to identify the creator(s) of this photograph. The remaining stock in petitioner was held by other members of the Mead family during the period in question. Prior to the fine, Meads Bakery produced bread, rolls and pastry items for small retailers throughout Luton and surrounding counties. Was born December 22, 1919 to W.L. Rehearing Denied Jan. 31, 1955. And dont laugh at the size of the check. Everyone prayed individually and out loud. Both men provided leadership to industry groups including the American Bakers Association and the American Institute of Baking. Our guide whispered to us that sometimes the service went on until pretty late and we might want to leave. Section 537. His signature on the check didnt mean that FDRs son had been born again. He controlled the station I sang for. Citations are also linked in the body of the Featured Case. There is no known record of who created these encasements for Meads. New Mexico company code: 268904. 886, 895 (N. D. Okla. 1947), affd. 2, Oct. 28, 1963); Gus Blass Co. [Dec. 15,885], 9 T.C. Although Meads Quartet never reached the point of commanding a fee for public performances, it was in demand for revivals, special appearances, and funerals. [4 USTC 1299] 72 F.2d 67 (C. A. D. C. 1934); cf. How many times have I walked slowly by an open grave, singing Alseep in Jesus while crumbling a clod of red dirt over the deceased? (https://texashistory.unt.edu/ark:/67531/metapth1165909/m1/1/: Your support aids students of all ages, rural communities, We've identified this On the second verse Jimmy did a solo over our humming (Oh, that old rugged cross so despised by the world,/Has a wondrous attraction for me), and the last verse we did a cappella, phrasing it tightly, bring the piano back in for the chorus. 4615. Moreover, petitioner has failed to prove that the amounts advanced to Angus during such years would not have been available to distribute to its shareholders as dividends. endowment Meads Quartet didnt need all that support system. Mead's fine bread company is a New Mexico Foreign Profit Corporation filed On November 21, 1949. RECIPE BELOW:This is a super simple bread using our Self Rising flour - http://youtu.be/oG3UYanvMjMYou can make this with ale, but Mead, which is a honey ale. The best restaurants in town were located along "The Main Street of America" in the '60s. [Mead's Fine Bread Company] Side: 1 of 1 1 photograph : positive, col. ; 35 mm. For its taxable years 1956 through 1958, it timely filed its income tax returns, prepared on the accrual method, with the district director of internal revenue at Dallas, Texas. February 2023 Reader Quiz: What Did You Learn? AnyLaw is the FREE and Friendly legal research service that gives you unlimited access to massive amounts of valuable legal data. The consolidated accumulated earnings credit is. The cattle were sold at auction in October 1955. extended guidance on usage rights, references, copying or embedding. These controls are experimental and have not yet been optimized for user experience. To the work! and 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! We also provide The Supreme Court ruled that this was monopolistic behavior and that as an interstate and intrastate company is was illegal to cut the prices in one town without cutting their prices in all their locations. Immediately prior to petitioner's absorption of the four predecessor corporations, Angus possessed a herd of 100 breeding cows and a one-half interest in a prize stud bull. [Mead's Fine Bread Company] Description Copy slide of a photograph of the exterior of Mead's Fine Bread company building with a horizontal line of Mead's delivery trucks visible by the curb outside the building. It has been viewed 1144 times, with 31 in the last month. rirgiuio IA ais zonfokrruw, tale of the roll Lorn, ferttecikettd; t of oka'datwafromtereleisted _pedlttiilupbu berporeenAguotantoneadacloar tall SS coldly and calmly s a mortal etstur-- 4k:bloc( Exalainor,, ; , ; rf "., Jima yettliemtrul.couatica in allemadnelatta rich enoogh to by up tho vloolo State I ken down, poor aristocracy is . Some of the facts have been stipulated, and the stipulations of facts, together with the exhibits attached thereto, are incorporated herein by this reference. . We use cookies to ensure that we give you the best experience on our website. United States Tax Court.https://leagle.com/images/logo.png. However, there is one factor mentioned by respondent which bears even more intensive scrutiny, namely, the advances made by petitioner on open account to its subsidiary, Angus, during the years in question.9 Cf. Doc Mead owned Meads Fine Bread bakery, and Meads Quartet sang on KRBC for fifteen minutes at noon on weekdays. The major portion of this amount consisted of $281,000 representing proceeds from the Penn Mutual loan. They have continued to increase since that time. The director of Meads Quartet was a big blond guy named Fred, who worked in a downtown office. The capital stock and earned surplus of the predecessor corporations before the May 1, 1955, reorganization and that of petitioner immediately subsequent thereto, were as follows: Petitioner's average cash balance for the four weeks ended July 21, 1955, was $150,293.76.2 Petitioner found this amount of cash insufficient for purposes of conducting its business. Your support aids students of all ages, rural communities, Thereafter the sole activity engaged in by Angus, aside from leasing the home on its farm to Ed V. Mead and selling unneeded equipment, was to lease, on a share crop basis, a portion of its land for the cultivation of hay. The crowd got quiet. bread from mead dregs I've done this several times. The Court said, "Congress by the Clayton Act and Robinson-Patman Act barred the use of interstate business to destroy local . Each year Mead produces more than 1.5 million tons of paperboard and the company is an industry leader in coated paperboard, containerboard, and multiple packaging. They reported taxable income thereon which put them in tax brackets of 53 percent, 56 percent and 56 percent for these years. Of the 711 students enrolled in the school, 4 had their own cars. Sat Mar 04 2023 at 09:00 am Reach Day. I tell you, not a dry eye in the house. (Howard F. Houk, Santa Fe, N. M., was with him on the brief), for appellant. Because of the aforementioned restrictions in the Penn Mutual loan agreement, petitioner was prevented during the years in issue from directly entering such new lines of business. Music has always had more effect on my emotions than the spoken word. I put together the group: Norman was back; also Jimmy, the first tenor; Big Jim, another radio golden-throat, was our baritone; and I was the bass. ., 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. Melbourne Storm gun Harry Grant opens up on near-death experience Section 1.1502-31(a)(18)(vi), Income Tax Regs. In the period involved herein, petitioner leased a number of warehouses or bakeries occupied by it from Mead's Industries, Inc. E. P. Mead owned 99 percent of the stock of this corporation during the period before us. Accordingly, the buildings required special wiring and plumbing, oversized loading platforms, and various other unique features. Petitioner's management had estimated during the years in issue that trade accounts receivable would increase between 20 and 25 percent per year. The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904 Bill Mack: Shamrock's Midnight Cowboy Historical Marker While working as program director at station KCUL Photographed By Craig Doda, May 11, 2020 2. Substantially all of the expenses claimed by Angus represented deductions for interest, depreciation, taxes, and insurance. Mead's Fine Bread Co. v. Moore, 208 F.2d 777, 10th Cir. In the lower-left corner of map below, select either the pin () or the box (). He upped my wages to $7.50. Both issues are fact questions. 148, 99 L.Ed. It appears to have been made to use with a key chain as it has a hole at one end. Neither petitioner nor any of the predecessor corporations paid a taxable dividend throughout their respective existences. 1055 (1927), affd. Messrs. Lynell G. Skarda, Dee C. Blythe, Clovis, N.M., for petitioner. We do not believe that this is a correct interpretation of the applicable regulations. These buildings were constructed by Mead Industries, Inc., according to petitioner's exact specifications. L. L. MOORE, Petitioner, v. MEAD'S FINE BREAD COMPANY, A Corporation Between May 1, 1955, and April 30, 1956, it added some 41 new delivery routes to service Oklahoma City, Ada, and Tulsa, Oklahoma. Categories: Pharmaceutical . Sick bucks a week. Fire Ants Have Unleashed Chaos in Texas for Decades. New York, USA Memento Mori combines wildflower honey, orange peel, and dandelions foraged at peak bloom to create a sensory experience akin to strolling in a meadow on the first warm day of spring. My first check as a radio gospel singer on KRBC in Abilene was for $6 and was signed by Elliott Roosevelt. In connection with its acquistion on May 1, 1955, of the four predecessor corporations, petitioner acquired the Angus stock, which had previously been owned by one of the predecessor corporations (hereinafter referred to as El Paso). 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. In 1954 the company was sued by a competitor The Moore Bakery. 148 99 L.Ed. 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. He appointed me to reorganize the quartet, took out half a page in the newspaper to announce itand paid us $15 a week. 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.
