mead's fine bread company

Also in conjunction with the "Critical Mass" exhibition at the Mead Art Museum, the Frost Library presents FluxusFluxusFluxus, an exhibition drawn from its extensive collection of Fluxus material. large collection of U.S. government documents. 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. It had also estimated construction costs of $100,000 for the Ada plant and an additional $150,000 for equipment. 334. Patricia Sharpe writes a regular restaurant column, Pats Pick, for Texas Monthly. 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. 148 99 L.Ed. The Penn Mutual loan contained restrictions against petitioner's incurring any indebtedness other than (1) the Penn Mutual loan, (2) indebtedness incurred in connection with the purchase of equipment, but not to exceed an aggregate of $150,000 at any time outstanding, and (3) unsecured bank loans maturing within 12 months and not exceeding $400,000. January 2023 Reader Quiz: What Did You Learn? section 1.537-2(c)(1), Income Tax Regs.) These corporations maintain plants at Lubbock and Big Spring, Texas, and at Hobbs, Roswell, and Clovis, New Mexico. Once, a dozen years ago, a bunch of us even made an LP of some old gospel swingers. I thought I had it made as a singing swabbie. 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. We've created an Both men provided leadership to industry groups including the American Bakers Association and the American Institute of Baking. 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. 13 (a), 13a and 15. Mead's Fine Bread operated in Texas and New Mexico. On September 12, 1955, petitioner borrowed a total of $400,000 from two banks. They only cut the price in Santa Rosa, but not in other Texas or New Mexico locations. 4615_1 in the Court of Appeals for the Tenth Circuit. MOORE v. MEAD'S FINE BREAD CO., 348 U.S. 115 (1954) | FindLaw Angus was organized by El Paso on August 12, 1953, to engage in raising and breeding an elite show herd of Aberdeen Angus cattle. Everyone prayed individually and out loud. 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 . The sponsor was a bakery; the subject was the Bread of Life. Throughout its entire existence, petitioner has experienced great diffculty in obtaining adequate credit and financing. 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. Harry Grant suffered a near-death experience when he was a 12-year-old, he revealed. Panfrutto with Peach, Apricot & Lavender by I Dolci di Giotto 500g This Is the Most Popular Easter Recipe from Each State Bins is part of the collection entitled: God Be With You Closing theme of Meads Quartet. N. E. 8th (Amarillo Blvd.) Genuine Honda 38100-SNA-K02 Horn Assembly (Low) - Galleon Philippines Ed V. Mead repaid the amount loaned to him by petitioner during its fiscal year ended April 30, 1958. Mead's fine bread company is a New Mexico Foreign Profit Corporation filed On November 21, 1949. ELASTY FINE Filler 2 Pack | FREE 2-5 DAY SHIPPING | Remove Lines, Plump extended guidance on usage rights, references, copying or embedding. 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. Prior to the fine, Meads Bakery produced bread, rolls and pastry items for small retailers throughout Luton and surrounding counties. Funerals always brought out the worst in us. 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. The company's filing status is listed as Existence Expired and its File Number is 256123. India; UK & Ireland . Sign into add some. The director, who had never heard Meads Quartet and didnt approve of radio gospel hymn singing in the first place, sent me. . E. P. Mead and Ed V. Mead extended substantially more credit to petitioner than either received from it. Bailey Foster - Founder - Real Good Kitchen | LinkedIn Normally, where one corporation owns 80 percent or more of the stock of another corporation, it may accumulate earnings to meet the subsidiary's need for funds. These factors include petitioner's plans and efforts: (1) To acquire additional bakery plants; (2) to diversify into new fields, such as the production and wholesale distribution of potato chips, frozen baked goods and related products; (3) to purchase new equipment for its baking plants, including automated equipment for 10 of its plants; (4) to create a reserve against losses due to labor disputes; and (5) to increase its surplus to cope with the trend in the baking industry of extending more credit to customers and longer receivables. Mr. Lane succeeded him as chairman and CEO until his retirement in 1987. Varieties|Coin Links|About| 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. There is no known record of who created these encasements for Meads. 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. (1954) - Free download as PDF File (.pdf) or read online for free. 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. 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. 529 (1933), reversed on another issue [36-1 USTC 9019] 296 U.S. 374 (1935); McClintock-Trunkey Co. [Dec. 19,316], 19 T.C. Whats Up With All the Kangaroos on the Loose in Texas. 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. Historic newspapers digitized from across the Red River. to In 1959, he merged that business with Campbell Taggart, and a few years later, he became chairman and CEO of the company. In addition to that amount, petitioner paid interest thereon, and also attorneys' fees in the amount of $26,000. This truly unique cheese is made with charcoal from the Featherstone mines in Yorkshire mixed with a wonderfully creamy mature wax coated cheddar. Creation Information Creator: Unknown. 6, 1929), certiorari denied 280 U.S. 588 (1929); John A. Nelson Co. v. Commissioner [35-1 USTC 9164], 75 F.2d 696, 697 (C. A. February 2023 Reader Quiz: What Did You Learn? The thing I did not enjoy was the bread. The Mead Corporation. sub nom. 2, Oct. 28, 1963); Gus Blass Co. [Dec. 15,885], 9 T.C. Subsequently, the Court noted that " the decisions of the federal courts in primary-line-competition cases . Mead's Fine Bread Co. v. Moore, 208 F.2d 777 - CourtListener.com I can feel the current moving down the line. Mead's Fine Bread Co., 348 U. S. 115 (1954), a case based in part on 3, recognized the applicability of the Robinson-Patman Act to conduct quite similar to that with which National Dairy and Wise are charged here. 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. is part of the collection entitled: Messrs. Lynell G. Skarda, Dee C. Blythe, Clovis, N.M., for petitioner. 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. It maintains its books and records and files its Federal income tax returns on the basis of a fiscal year ended April 30. Free delivery for many products. Helvering v. Nat. 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. 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. Petitioner made offers on 10 of these plants. Both issues are fact questions. The regular bassa "grown man," as I thought of ithad been. and at Hobbs, Roswell, and Clovis, New Mexico. 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). Mr. Edward W. Napier, Lubbock, Tex., for respondent. MEAD'S FINE BREAD COMPANY, a Corporation: Docket Number: No. On February 1, 1956, petitioner refinanced them with a $600,000 loan from The Penn Mutual Life Insurance Company (hereinafter referred to as the Penn Mutual loan). I never sang much after I got out of college. Newspaper Page Text PITTSIIIJR.GR,GAZE. However, one of the most popular and unusual shapes to collect is the bread loaf shape. And TommyI wonder what did happen to Tommy? Angus passively continued to hold its farm and ranch land and pay the mortgage indebtedness to which the land was subject during the years involved solely as an investment. This company was engaged in the business of manufacturing and selling bread. 121: Decision Date: 06 December 1954: 348 U.S. 115 75 S.Ct. Moreover, although petitioner's four-week cash balance for its fiscal year ended April 30, 1956, was $360,283.37, the major portion of this amount consisted of loan proceeds, namely, $281,000 borrowed from The Penn Mutual Life Insurance Company on February 1, 1956. In 1954 the company was sued by a competitor The Moore Bakery. . 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. The best restaurants in town were located along "The Main Street of America" in the '60s. L. L. Moore v. Mead's Fine Bread Company, a Corporation Book now at Grape Vine Cafe - Buffalo & Lake Mead in Las Vegas, NV. This Creator: Unknown. Mead's Fine Bread Co., 348 U.S. 115, 75 S. Ct. 148, 99 L. Ed. MEAD-RAYMOND CORPORATION MEAD'S FINE - Texas business directory. We report on vital issues from politics to education and are the indispensable authority on the Texas scene, covering everything from music to cultural events with insightful recommendations. Reserved Copyright Bruce Perdue. The cattle were sold at auction in October 1955. (Experimental). Thus, the use of such new products and devices required petitioner to spend substantial amounts for advertising and new equipment such as pans and other machinery. Petitioner had in its possession standard architectural plans which it expected to use in erecting these bakeries. section 1.537-2(c)(3),10 Income Tax Regs. FunHundred! Winter Park Chamber Immersive Art Exhibit Field Trip | Mead The amount of the receivable was paid by E. P. Mead on October 16, 1958. Our guide whispered to us that sometimes the service went on until pretty late and we might want to leave. Fills my evry longing, Keeps me singing as I go. Meads Quartet didnt need all that support system. Crayola Dymo Elmer's Five Star Mead Paper Mate Pen+Gear Scotch Sharpie Texas Instruments The Happy Planner The Pioneer Woman. MEAD'S FINE BREAD COMPANY branch Company Number 268904 Status Withdrawal Incorporation Date 21 November 1949(over 72 years ago) Company Type Foreign Profit Corporation Jurisdiction New Mexico (US) Branch Branch of MEAD'S FINE BREAD COMPANY(Texas (US)) Inactive Directors / Officers SECRETARY OF STATE, agent, 21 Nov 1949- Registry Page 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. Petitioner was engaged in a purely intrastate bakery business. Obverse reads: "Mead's Fine Bread" The encasement has wrapper lines on the right end to give it a 3-D look. Mead and his four sons. Harold D. Rogers, for the respondent. During this same period, Ed V. Mead filed joint returns with his wife, Elizabeth Mead. 334. Hope Toole, Muscle Shoals, Alabama. But he was a good sport. 757, 764-765 (1963), on appeal (C. A. Mead's Fine Bread Co., 348 U.S. 115 , where such pricing was held violative of 2 (a). Mr. Justice DOUGLAS delivered the opinion of the Court. Eternal Father, strong to save, Whose arm hath bound the restless wave, Who biddst the mighty ocean deep Its own appointed limits keep, O, hear us when we cry to Thee For those in peril on the sea! The Hymn of the U.S. Navy. University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; Tell us if you know the precise location of this item. Drop a pin or drag to create a new rectangle. about this topic here. Theres within my heart a melody; Jesus whispers sweet and low . A car was out of the question. consistently emphasize the unreasonably low prices and the predatory intent of the defendants." However, investment by a corporation of its earnings and profits in stock and securities of another corporation is not, of itself, to be regarded as employment of the earnings and profits in its business. 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 director of Meads Quartet was a big blond guy named Fred, who worked in a downtown office. Patrons have access to their extensive collections, which include more than one million items through the library and the Abilene Library Consortium. Click on the case name to see the full text of the citing case. 5, 1935), reversing a Memorandum Opinion of the Board of Tax Appeals [Dec. 8578-F]. This 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. Website unavailable outside U.S. 334. Mead's Fine Bread Company - Company Profile - Corporation Wiki MEAD'S FINE BREAD CO. v. MOORE | 208 F.2d 777 | 10th Cir. | Judgment Eaten claims that he Is a paralvtlc and that on Feb. 22 he fell and broke his collar bone and that on the 2lth of the samo month he went into the saloon to dis pose of some of his stock of matches.

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