mead's fine bread company

We do not believe that this is a correct interpretation of the applicable regulations. The respondent determined deficiencies in petitioner's income tax, as follows: Respondent made a number of adjustments in petitioner's taxable income for each of the years in question, which adjustments petitioner has conceded. 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. as well as independent and professional researchers. Creation Date: Unknown. . The announcers wife played the piano, and he sang baritone. is part of the collection entitled: The initial expense of adding a new route is $5,000, which includes a truck and a 12-week training period for the delivery man. The company's filing status is listed as Existence Expired and its File Number is 256123. 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. 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. Tell us if you know the precise location of this item. Music has always had more effect on my emotions than the spoken word. (1954) - Free download as PDF File (.pdf) or read online for free. Mead's Fine Bread Company filed as a Domestic For-Profit Corporation in the State of Texas and is no longer active. was provided to The Portal to Texas History Over the years, the Mead brothers and their families split up the operations. 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 . Between the time the Oklahoma City plant was acquired and April 30, 1958, petitioner, in fact, lost $423,644.89 in connection with its operation. This photograph is part of the following collections of related materials. When the war was over I returned to college and, despite the GI bill, the need for extra income arose. 4615_1 No tags have been applied so far. The cattle raising operation took place on an 1800 acre ranch owned by Angus in Albuquerque, New Mexico. An encased cent in n aluminum loaf of bread. They have continued to increase since that time. extended guidance on usage rights, references, copying or embedding. In fact, the orchestra didnt want to quit. section 1.537-2 (c)(3), Income Tax Regs. The remaining stock in petitioner was held by other members of the Mead family during the period in question. 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. 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. A week later I was shipped out to the U.S. Marine Corps, and for two years the only hymn I sang was The Marines Hymn (First to fight for right and freedom/And to keep our honor clean). This photograph's creation, acceptance, or submission date is unknown. Section 532. Count your blessings! Thus, it was forced to borrow funds to obtain the requisite working capital. Everyone prayed individually and out loud. And You Thought Feral Hogs Were Bad. People and organizations associated with either the creation of this photograph or its content. 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. They had a competitor in Santa Rosa, Texas, and Mead's cut the price of their bread from 14 to 7¢. Some clever perspective design shows the end of the loaf as well as the side. Similarly, Ed V. Mead, petitioner's vice-president and the son of E. P. Mead, owned approximately 31 percent of petitioner's outstanding stock. 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. and Florence VanHoozer in the Bethel community east of Lawton, and was one of four kids. 4615. photograph I tell you, not a dry eye in the house. We broke up my senior year. Argued Nov. 17, 1954. Mead's Fine Bread Company - New Mexico business overview: agent, contacts, address, registration date, reports and more. It had also estimated construction costs of $100,000 for the Ada plant and an additional $150,000 for equipment. Texas Lege Watch: A House Republican Fights for Chicken Freedom, Texas Monthly Recognized by ASME in the 2023 National Magazine Awards. As we arived, we could hear the service going on two blocks from the church house. Bill Mack: Shamrock's Midnight Cowboy Marker in Ft. Worth, Mack became the announcer for the great Bob Wills. Rehearing Denied Jan. 31, 1955. There was a trend in the baking industry toward more credit and larger receivables. Another reason was to create a reserve against losses that might be incurred in connection with possible labor disputes. Mead's Fine Bread Co. v. Moore, 208 F.2d 777 (10th Cir. 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. Context Thus, to the extent petitioner was able to make these advances to Angus, such funds were not required for use in petitioner's business. In 1958, when the machinery became available in the areas in which petitioner operated, it began to conduct active negotiations with Baker Process Company and American Machine & Foundry Company, two companies which manufactured and installed continuous mix equipment. Many cheeses have been coated in ash to enhance flavor and add a smoky undertone, but this is the first time that charcoal has been fully incorporated into a cheese. Explore menu, see photos and read 622 reviews: "Very nice hidden gem. 148 99 L.Ed. Alabama: White Cheddar Scalloped Potatoes. Harry Grant suffered a near-death experience when he was a 12-year-old, he revealed. Mead's Fine Bread Co. v. Moore, Court Case No. Filed: 1954-01-16 Precedential Status: Precedential Citations: 208 F.2d 777 Docket: 4615_1 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. (https://texashistory.unt.edu/ark:/67531/metapth1165909/: Mead's Frozen Foods, Inc., was organized on September 3, 1958, by E. P. Mead and two other individuals, who were potential customers of this corporation, to engage in the manufacture and sale of frozen rolls and biscuits. All Rights Reserved, National Bakery Associations and Resources, Baker Equipment Manufacturers and Allieds. 1. In the forties I rose to Abilene-wide fame as a singer on a radio gospel show. I never sang much after I got out of college. 757, 764-765 (1963), on appeal (C. A. Telephone to Glory. Mead and Faye Pauline Mead in Abilene, Texas and died April 17, 2006 in Dallas, Texas after a long battle with prostate cancer. 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. Whats Up With All the Kangaroos on the Loose in Texas. The consolidated accumulated earnings credit is. Read more Real Good Kitchen is a shared kitchen community that provides food entrepreneurs with the equipment, production space and resources they need . photograph, 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. Harold D. Rogers, for the respondent. Date Unknown; 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. These corporations purchase their flour and bread wrappers as a unit. Moreover, if the advance had not been made to Angus during the years in issue, there would have been ample earned surplus and ample cash on hand to permit the distribution of a dividend in each of the years involved. Rehearing Denied Jan. 31, 1955. 5, 1963). Bill O. Mead and Connie B. 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. Mr. Edward W. Napier, Lubbock, Tex., for respondent. The principal issue remaining for decision is whether petitioner is subject to tax under section 5311 with respect to all or any part of the earnings retained by it in any of the years involved herein. 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!. . endowment [61-2 USTC 9562] 292 F.2d 470 (C. A. 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 . To learn more about cookies and how ASB uses them please visit our Privacy Policy page. The bakery business has been subject to dramatic innovations. As we were slipping around the corner of the choir, Norman (a dignified sort who became a professor) led the way, and just as he drew even with a tall, praying woman she looked him right in the eye, threw up her hands, and shouted, Thank you , Jesusand Norman shook hands with her. Decision Date: 16 January 1954: 208 F.2d 777 (1953) MEAD'S FINE BREAD CO. v. MOORE. Date Unknown; I night-managed a drive-in cafe right up to the week before graduation. Petitioner's stock was then distributed to the stockholders of the predecessor corporations. Petitioner's average four week cash balances for the fiscal year ended April 30, 1956, was $360,283.37. These corporations purchase their flour and bread wrappers as a unit. Mr. Justice DOUGLAS delivered the opinion of the Court. We've been unable to identify the creator(s) of this photograph. Check out our Resources for Educators Site! Your support aids students of all ages, rural communities, 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. The cost of these additions exceeded depreciation allowed during this period by approximately $170,000. The major portion of this amount consisted of $281,000 representing proceeds from the Penn Mutual loan. [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. standards, project requests, and our services. The regular bassa "grown man," as I thought of ithad been. Mead's Frozen Foods, Inc., was organized to permit petitioner to enter into this line of business without violating the restrictive covenants of the Penn Mutual loan. 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. MEAD'S FINE BREAD COMPANY, a Corporation. 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.) The number of companies that we have information about in our database: 442,383+ NewMexicoEnterprise.com M ME MEA crediting McMurry University Library. AnyLaw is the FREE and Friendly legal research service that gives you unlimited access to massive amounts of valuable legal data. 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. I had to hitchhike from the college to downtown because I couldnt afford a dime for the bus. 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. Section 1.1502-31(a)(19)(i), Income Tax Regs. 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. (Experimental). Mead and his four sons. 4615_1 in the Court of Appeals for the Tenth Circuit. Research the case of Mead's Fine Bread Co. v. Moore, from the Tenth Circuit, 12-11-1953. Cf. A car was out of the question. Meads Quartet didnt need all that support system. It maintains its books and records and files its Federal income tax returns on the basis of a fiscal year ended April 30. The Premanands were fined a total of about $60,670 (38,000) plus council costs and a banning order that effectively prevents them from ever managing a food business again. Subsequently, the Court noted that 'the decisions of the federal courts in primary-line-competition cases * * * consistently emphasize the unreasonably low prices and the predatory intent of the defendants.' We've created an Petitioner's management had estimated during the years in issue that trade accounts receivable would increase between 20 and 25 percent per year. 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. Featured Shops . awards, and more. 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. Terms of Use, Site Copyright 1999-2021 by Bruce Perdue Email: WebmasterAll Rights Creator: Unknown. Fermented Cider Beer Wine Sake Soda Mead Kefir And Kombucha At Home Emma Christensen Pdf File Free True Brews True Brews The Everything Hard Cider Book The Big Book of Cidermaking Craft Cider Making The Everything Hard Cider Book The Joy of Brewing Cider, Mead, and Herbal Wine The New Cider Maker's Handbook Tasting Cider Modern Cider Making the . It appears to have been made to use with a key chain as it has a hole at one end. Forrest Wilder writes about politics and the outdoors. The sponsor was a bakery; the subject was the Bread of Life. 6, 1955), certiorari denied 351 U.S. 939 (1956). Click on the images below to view .pdf files of the inductees biography and plaque. 886, 895 (N. D. Okla. 1947), affd. See 348 U.S. 932, 75 S.Ct. See Ohio Clover Leaf Dairy Co. [Dec. 3034], 8 B. T. A. extended guidance on usage rights, references, copying or embedding. consistently emphasize the unreasonably low prices and the predatory intent of the defendants." Leagle.com reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions. Mead's was founded in 1918 by J.H. Accordingly, the buildings required special wiring and plumbing, oversized loading platforms, and various other unique features. MEAD'S FINE BREAD CO. v. MOORE. We do not agree with any of petitioner's contentions relating to its advances to Angus. They had a competitor in Santa Rosa, Texas, and Mead's cut the price of their bread from 14 to 7. Had professional backup: steel, drums, amped lead and bass, acoustic rhythm, Autoharp, and an absolutely wonderful Baptist Sunday school piano. ; Raymond I. Smith, Inc. [Dec. 23,812], 33 T.C. 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. Mr. Lane succeeded him as chairman and CEO until his retirement in 1987. This Petitioner has failed to meet its burden of proof on this ultimate issue. 121. What responsibilities do I have when using this photograph? He was elected president in 1982. I hate to admit, even at this distance, that I brazenly pretended it was grief choking us up. In 1941, he formed his own bakery, Mead's Fine Bread, in Lubbock, Texas, adding three other bakery locations in New Mexico and a frozen dough factory in Abilene. Abilene Library Consortium University of North Texas Libraries, The Portal to Texas History, Business, Economics and Finance - Stores - Bakeries, 1 121 Argued November 17, 1954 Decided December 6, 1954 348 U.S. 115 Syllabus Petitioner sued respondent for treble damages for violations of 2 of the Clayton Act and 3 of the Robinson-Patman Act. 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'S FINE BREAD COMPANY, a Corporation: Docket Number: No. The boycott gave Moore a complete monopoly of the bread business in Santa Rosa. Once, in Philadelphia, I enjoyed a comeback. 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. Of the 711 students enrolled in the school, 4 had their own cars. In 1958, petitioner also acquired common stock in Citizens National Bank, Abilene, Texas, at a cost of $11,280.4 During the years in issue petitioner maintained a portion of its assets in the form of time deposits. Therefore, we conclude that the advances on open account to Angus during petitioner's taxable years 1956 through 1958 represent unreasonable accumulations of surplus. 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! Cf. Helpful links in machine-readable formats. 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. 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. 141 (1959), affd. See 348 U.S. 932, 75S.Ct. Abilene Library Consortium and Follow the links below to find similar items on the Portal. 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. Petitioner had in its possession standard architectural plans which it expected to use in erecting these bakeries. In 1958 they consolidated the company. 2d 145, 1954 U.S. LEXIS 2742 Brought to you by Free Law Project, a non-profit dedicated to creating high quality open legal information. We ordered the grilled artichokes, the lamb tart, the pozole negro, and the ricotta cavatelli. The amount of the receivable was paid by E. P. Mead on October 16, 1958. Obverse reads: "Mead's Fine Bread" The encasement has wrapper lines on the right end to give it a 3-D look. Thus, for example, in March 1955, shortly before the reorganization occurred, one of the predecessor corporations acquired a large bakery plant in Oklahoma City, Oklahoma. Mr. Mead (1919-2006) started after high school as a bread route salesman for the Abilene, Texas bakery owned by his father and uncle. section 1.537-2(c)(3),10 Income Tax Regs. Petitioner, in the period before us, was faced with contingent liabilities in excess of $385,000 arising because of tax deficiencies asserted against the four corporations absorbed by it, interest thereon, and estimated expenses related thereto, including legal and accounting fees. 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. the Indianapolis Brewing Company, as his bondsmen, for alleged injuries received in the defendant's place of business. 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. Decided Dec. 6, 1954. . N. E. 8th (Amarillo Blvd.) Because it had a bass lead, he even let us do Have a Little Talk With Jesus, and with his high tenor, Fred got to swinging the song more than any of us. 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. Categories: Pharmaceutical . In 1950, petitioner's four predecessor corporations employed a total of 524 persons. Historic newspapers digitized from across the Red River. No. crediting McMurry University Library. 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. 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. A naturally leavened artisan fruited bread with sweet bites of peach and semi-candied apricot complemented by the fragrance of lavender. Can College Sports Get More Absurd Than SMU Joining the Pac-12? The Meade's Fine Bread commercial became one of the most popular of its time.. It is our opinion that, in the computation of the consolidated accumulated earnings credit under section 1.1502-31(a)(19)(i) of the Income Tax Regulations, only the reasonable needs of the operating companies included in the group may be considered. MEAD'S FINE BREAD COMPANY, a Corporation. bread from mead dregs I've done this several times. United States Tax Court.https://leagle.com/images/logo.png. Bring on the Shiplap? These structures were, therefore, suitable solely for baking purposes. Fourteen of these plants were acquired between 1946 and May 1, 1955. and read 622 reviews: "Very nice hidden gem. Throughout its entire existence, petitioner has experienced great diffculty in obtaining adequate credit and financing. In determining whether petitioner's accumulations of earnings and profits in the years before us were within the reasonable needs of its business, we first must consider whether prior accumulations were, in fact, sufficient to meet petitioner's needs during the period in issue. At the time petitioner acquired the stock of Angus in connection with the May, 1, 1955, reorganization, petitioner's management decided to discontinue Angus' cattle raising activities because they constituted too great a drain on petitioner's working capital. I thought I had it made as a singing swabbie. But he was a good sport. 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. They were the first to apply computer analysis to cost controls, bakery efficiency and organizational structure. After I added the thyme, ham and sour cream, my husband declared, "This is it!". Doc was a lay preacher, and he often took us with him when he addressed a church in some town like Nugent or Lueders. Sick bucks a week. 69, 80-82 (1958). I like to serve this rich, saucy entree with a salad and homemade French bread. My taste buds may have been a bit off, but a couple of the dishes came across as too salty or surprisingly sour to me. standards, project requests, and our services. The Jay-Rollins Library serves the students, faculty, and staff of McMurry University in Abilene. Descriptive information to help identify this photograph. This amount would not have been sufficient to enable petitioner to conduct its operations for one day. Refrigerator Parts & Accessories. 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. 1094 (1936); Beim Co. v. Landy [40-2 USTC 9630], 113 F.2d 897, 900 (C. A.

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