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. In the forties I rose to Abilene-wide fame as a singer on a radio gospel show. The Sahara Sands Motel (BELOW) became a Holiday Inn about 1963 (ABOVE) [Mead's Fine Bread Company] - The Portal to Texas History Check out our Resources for Educators Site! Doc Mead owned Meads Fine Bread bakery, and Meads Quartet sang on KRBC for fifteen minutes at noon on weekdays. 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. But overall, great experience!" Grape Vine Cafe - Buffalo . After he left our station he became famous for making one of the classic radio bloopers of all time. See 348 U.S. 932, 75S.Ct. Mead's fine bread company is a New Mexico Foreign Profit Corporation filed On November 21, 1949. Was born December 22, 1919 to W.L. Explore menu, see photos and read 622 reviews: "Very nice hidden gem. In 1950, petitioner's four predecessor corporations employed a total of 524 persons. 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. 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. When the war was over I returned to college and, despite the GI bill, the need for extra income arose. consistently emphasize the unreasonably low prices and the predatory intent of the defendants." as well as independent and professional researchers. 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. Mead's Fine Bread Co. v. Moore, 208 F.2d 777, 10th Cir. (1954) Thus, to the extent petitioner was able to make these advances to Angus, such funds were not required for use in petitioner's business. 219 Photos & 96 Reviews - 3638 Navajo St, Denver, CO - Yelp However, one of the most popular and unusual shapes to collect is the bread loaf shape. . In 1949 the El Paso and Albuquerque plants were closed because of strikes. These buildings were constructed by Mead Industries, Inc., according to petitioner's exact specifications. They encouraged their associates to participate as speakers and officers of the American Society of Baking. Encasements for coins take on many different shapes. crediting McMurry University Library. However, it may not do so if the subsidiary is a personal holding company, an investment company, or a corporation not engaged in the active conduct of a trade or business. 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. 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. 8, 1940). Once, a dozen years ago, a bunch of us even made an LP of some old gospel swingers. Mr. Edward W. Napier, Lubbock, Tex., for respondent. We are servants of God, Bringing in the Sheaves, Well Work Till Jesus Comes, Far and near the fields are teeming, with the waves of ripened grain, Take your lives in your hand, to the work while tis the daySpeed Away!. MEAD'S FINE BREAD COMPANY, a Corporation. [Mead's Fine Bread Company] Side: 1 of 1 1 photograph : positive, col. ; 35 mm. extended guidance on usage rights, references, copying or embedding. Moore v. Mead's Fine Bread Co. - Casetext Section 535(c). 121. 11 Best Yeast for Mead Making: A Complete Guide for Brewers 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. Side: they all market their bread under the name "Mead's Fine Bread" and promote the product through a common advertising program. Check out our Resources for Educators Site! 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. Historic newspapers digitized from across the Red River. 'I came back, I played a . Date Unknown; ; Raymond I. Smith, Inc. [Dec. 23,812], 33 T.C. Prior to the fine, Meads Bakery produced bread, rolls and pastry items for small retailers throughout Luton and surrounding counties. This corporate entity was filed approximately seventy-four years ago on Tuesday, November 8, 1949 , according to public records filed with Texas Secretary of State. Mead's Fine Bread Co. v. Moore, 208 F.2d 777 (10th Cir. Petitioner made offers on 10 of these plants. 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. Listed below are the cases that are cited in this Featured Case. . The Lunar Inn & Tinys Bottle Shop - Enlightenment Wines Memento Mori endowment 757, 764-765 (1963), on appeal (C. A. Co. v. United States [47-1 USTC 9280], 72 F.Supp. Both he and I had deserted the little church where I starred as boy bass, and I wasnt sure of my reception by this important figure, whose bread empire now spread over West Texas, the Panhandle, eastern New Mexico, and western Oklahoma. But he was a good sport. Docket Number: No. We've created an Angus sustained substantial net operating losses from the year petitioner acquired it until it was disposed of in 1960. In the lower-left corner of map below, select either the pin () or the box (). Petitioner actually converted two of its plants in 1961 and another in 1962, at an aggregate cost of $451,125.32. We ordered the grilled artichokes, the lamb tart, the pozole negro, and the ricotta cavatelli. These corporations purchase their flour and bread wrappers as a unit. 348 U.S. 115 - law.resource.org Moreover, the business of one corporation does not include the business of another corporation if such other corporation is a personal holding company, an investment company, or a corporation not engaged in the active conduct of a trade or business. Music has always had more effect on my emotions than the spoken word. The encasement material is the traditional aluminum and is the thickness of a cent. We use cookies to ensure that we give you the best experience on our website. Section 533. Some content on this site may be difficult to view. "Mead's Fine Enriched Bread" "Good and Fresh". Mr. Edward W. Napier, Lubbock, Tex., for respondent. MEAD'S FINE BREAD COMPANY :: New Mexico (US) :: OpenCorporates 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. bread from mead dregs I've done this several times. Messrs. Lynell G. Skarda, Dee C. Blythe, Clovis, N.M., for petitioner. In 1959, he merged that business with Campbell Taggart, and a few years later, he became chairman and CEO of the company. Whats Up With All the Kangaroos on the Loose in Texas. This Court cannot be bound by stipulations as to law. Similarly, petitioner carries on its books a liability in the amount of $100,716 to Ed V. Mead for stock he transferred to petitioner on September 14, 1961, in Mead Co., Inc. During the years in issue petitioner owned 98 percent of the outstanding stock in Mead's Angus Mesa, Inc. (hereinafter referred to as Angus). MEAD'S FINE BREAD COMPANY, a Corporation. Feb 2018 - Present5 years 1 month. 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? When the case was first here, Moore v. Mead Service Co., 10 Cir., 184 F.2d 338, on appeal from a judgment of the trial court dismissing the . At any rate, his wife, our accompanist, hated hymns, especially our theme song. . Creation Date: Unknown. * Hair Texture Spray for Men - With Sea Salt, Rice Protein and And dont laugh at the size of the check. I hate to admit, even at this distance, that I brazenly pretended it was grief choking us up. These corporations purchase their flour and bread wrappers as a unit. In order to keep up with its competition, rising costs and the increasing population of the areas it served, petitioner was forced to expend considerable sums for replacing old equipment and purchasing new equipment. Historic newspapers digitized from across the Red River. This is an automated process which produces bread of a better texture and quality at a cost of approximately 10 to 15 percent less than the conventional methods. 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. To my left was a French horn, behind me was a street drum, and on Normans right were two saxophones, one a soprano. Then pointing to section 1.537-3(b), Income Tax Regs.,11 petitioner asserts (1) that since it owned more than 80 percent of the outstanding stock in Angus, the business of Angus should be considered as petitioner's business and (2) that petitioner was entitled to utilize its earnings for the reasonable business needs of its subsidiary, which were to pay various installments of Angus' indebtedness as they became due during the years 1956 through 1958.12 It is petitioner's further contention that even if Angus were not actively engaged in a business, since petitioner filed its returns on a consolidated basis with Angus, it was, nevertheless, entitled to a consolidated accumulated earnings credit, pursuant to section 1.1502-31(a)(19), Income Tax Regs., based on the amount of its earnings retained for the reasonable needs not only of its own business, but also the reasonable needs of its affiliate, Angus. So it was an answer to prayermy mothers prayerwhen E. P. Doc Mead pulled me aside after church one Sunday and asked if I would like to sing in Meads Quartet. 9, 1961), certiorari denied 368 U.S. 948 (1961); Kerr-Cochran, Inc. [Dec. 22,934], 30 T.C. (3) Loans to another corporation, the business of which is not that of the taxpayer corporation, if the capital stock of such other corporation is owned, directly or indirectly, by the shareholder or shareholders of the taxpayer corporation and such shareholder or shareholders are in control of both corporations. However, to the extent petitioner can establish that it retained all or any part of its earnings and profits to meet the reasonable needs of its business, such amount will be allowed as a credit against its accumulated taxable income7 subject to the accumulated earnings tax. 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. In 1941, he formed his own bakery, Meads Fine Bread, in Lubbock, Texas, adding three other bakery locations in New Mexico and a frozen dough factory in Abilene. No. We were announced in proper fashion, to a burst of enthusiastic applause, then we launched into the liveliest set we had: We Shall See the King Someday, At the Cross, Give Me That Old-time Religion, Gipsy Smiths Jesus Saves, with, you may be sure, full symphonic accompaniment. He was a graduate of Abilene High School and began a career as bread route salesman for his father and uncle's bakery in Abilene. God be with you till we meet again! These corporations maintain plants at Lubbock and Big Spring, Texas, and at Hobbs, Roswell, and Clovis, New Mexico. It believed that the adoption of these two lines would be advantageous because it already possessed a ready-made system which could distribute these additional products without any increase in overhead. sections 533(b) and 535(c)(1) and (3); and section 1.1502-3, Income Tax Regs. 90 (1954), affd. To Join the "Encased Collectors" Email List email me: Please visit the Numismatic sites below for additional information on coin collecting. And I did a couple of bars on harmonica. Deering v. Blair [1928 CCH D-8065], 23 F.2d 975 (C. A. D. C. 1928); Thacher v. Lowe [1 USTC 70], 288 F. 994 (S. D. N. Y. As previously indicated, during the years in issue, petitioner steadily expanded its activities in the bakery business. 145, where such pricing was held violative of 2(a). The Melbourne Storm gun has stamped himself as one of the best players in the NRL. L. L. MOORE, Petitioner, v. MEAD'S FINE BREAD COMPANY, a Corporation The mead yeast also has a fruity ester profile, so if you want to make mead that has a fruity taste, like a melomel or fruit mead, consider this yeast. The daily Pittsburgh gazette., April 04, 1854, Image 4 Mead's was founded in 1918 by J.H. . Bill O. Mead and Connie B. Petitioner has failed to meet its burden of proof on this ultimate issue. Mr. Mead served on numerous bank boards, on the White House Restoration Committee during the Carter Administration, was president and board member of the Billy Graham Association Foundation and helped found Christian Men, Inc. Mr. Lane served on a number of bank boards, and those of the Grocery Manufacturers Association, of Texas A&M University and the Dallas Chamber of Commerce. Petitioner's total accounts receivable in 1956 were $487,000 as compared to $730,000 in 1959. 141 (1959), affd. Moore v. Mead's Fine Bread Company - Wikisource Request UpdateGet E-Mail Alerts Text Citations (65) Cited By (4) 208F.2d777 MEAD'S FINE BREAD CO. v. Petitioner sold its stock in First State Bank of Amarillo on August 20, 1959, for $251,650, realizing a gain of $138,430, and used a portion of these proceeds to pay these amounts. Their families describe them as proud Texans and leaders in their home and church communities. Next, we have the Lalvin EC-1118, a very strong yeast that has an ABV tolerance of up to 18 percent ABV. MEAD, BILL O. about this topic here. Patrons have access to their extensive collections, which include more than one million items through the library and the Abilene Library Consortium. Read more Count your many blessings, evry doubt will fly, And you will be singing as the days go by. 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). collections, new partnerships, information on research, trivia, Sign up for our periodic e-mail newsletter, and get news about our Big Jim took an announcers job in Lubbock, Jimmy transferred to some Oklahoma college, Norman graduated and went to New York to work on his M.A. There was little desire to wallow or linger in her former husband's company, and her heart was still heavy despite her peace with the Tarni- with Elia. 121: Decision Date: 06 December 1954: 348 U.S. 115 75 S.Ct. It has some wear as to be expected, some paint loss in spots on the bottom cross plate, which only adds to the character! The Mead Corp | Encyclopedia.com Because of various restrictive covenants and negative pledge clauses in its loan agreement with Penn Mutual, the only manner by which petitioner could attempt to attain these ends during the years in issue was by the retention of earnings. People and organizations associated with either the creation of this photograph or its content. One large Holy Roller congregation booked us and told me there wouldnt be any need for us to be there before 10 p.m. because things didnt really get started until then. Here are some suggestions for what to do next. 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. Courthouse Plaza Northeast Dayton, Ohio 45463 U.S.A. (513) 495-6323. January 2023 Reader Quiz: What Did You Learn? Jesus and Mead's Fine Bread [May 1983] - Texas Monthly Categories: Pharmaceutical . The Jay-Rollins Library serves the students, faculty, and staff of McMurry University in Abilene. Petitioner during the years involved herein also had definite plans for diversification into the business of manufacturing and distributing potato chips and frozen baked products. This is an appeal from a verdict and judgment in favor of the plaintiff-appellee in an action for treble damages under the Robinson-Patman Amendment to the Clayton Act, 15 U.S.C.A. The thing I did not enjoy was the bread. 160, 169-170 (1950); Reginald C. Vanderbilt [Dec. 2059], 5 B. T. A. 190 F2d 540 Moore v. Mead Service Co | OpenJurist 1 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 Bread? | GotMead - The Largest Collection of Mead Information If the taxpayer's ownership of stock is less than 80 percent in the other corporation, the determination of whether the funds are employed in a business operated by the taxpayer will depend upon the particular circumstances of the case. This photograph's creation, acceptance, or submission date is unknown. Vintage Advertising Lot; Mead's Fine Bread;Purina;Rook;Press on Tape Mead's Fine Bread Co. v. Moore, 208 F.2d 777 - CourtListener.com Mead and Faye Pauline Mead in Abilene, Texas and died April 17, 2006 in Dallas, Texas after a long battle with prostate cancer. It also distributes school and office supplies made by Mead and other companies and has . No. Reverse of the loaf of bread encased cent. Fills my evry longing, Keeps me singing as I go. per curiam [56-1 USTC 9139] 227 F.2d 779 (C. A. ACE Newsletter "The Casement" - PDF files available, https://caselaw.findlaw.com/us-supreme-court/348/115.html. Patricia Sharpe writes a regular restaurant column, Pats Pick, for Texas Monthly. They had a competitor in Santa Rosa, Texas, and Mead's cut the price of their bread from 14 to 7. to improve everyone's access to primary sources online. I promised I had developed enough during the summer so that I could handle bass leads on Seeking the Lost and Lead Me Gently Home, and I could. We do not believe that this is a correct interpretation of the applicable regulations. E. P. Mead and Ed V. Mead extended substantially more credit to petitioner than either received from it. One such factor is the rapid growth of the four predecessor corporations between October 1946 and May 1, 1955, whereby they acquired 14 additional plants and doubled their number of employees. He upped my wages to $7.50. Obverse reads: "Mead's Fine Bread" The encasement has wrapper lines on the right end to give it a 3-D look. 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 . See 348 U.S. 932, 75 S.Ct. It appears to have been made to use with a key chain as it has a hole at one end. Mr. Lane (1924-2000), an Army veteran and graduate of Texas A&M University, joined the Campbell Taggart accounting department in 1947. These loans proved unduly restrictive. 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/. On September 14, 1961, petitioner also purchased all of Mead's Frozen Foods, Inc., for $97,727. From this it derived minimal receipts. 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. Mead's Fine Bread Co., 348 U.S. 115, 75 S.Ct. Funerals became an almost weekly ritual. ; Electric Regulator Corporation [Dec. 26,236], 40 T.C. To the work! The company's mailing address is None Given, None Given, TX 00000. While working as program director at station KCUL Photographed By Craig Doda, May 11, 2020 2. 121. They all market their bread under the name 'Mead's Fine Bread' and promote the product through a common advertising program. . Notes [ edit] Mead's Fine Bread Company - 268904 - Santa Fe, Nm 87504 - New Mexico The Meade's Fine Bread commercial became one of the most popular of its time.. Mead Art Museum Critical Mass: Happenings, Fluxus, Performance 2, Oct. 28, 1963); Gus Blass Co. [Dec. 15,885], 9 T.C. Petitioner's management estimated as a rule of thumb that in the acquisition of new plants it would incur losses approximately equal to acquisition cost before being able to place the new plants on a profitable basis. was provided to The Portal to Texas History Creation Date: Unknown. 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.
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