mead's fine bread company

The Mead family has been engaged in the business of manufacturing and distributing bread on a wholesale basis in the southwestern part of the United States since at least 1938. 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. 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. Our theme song was bouncy: Theres within my heart a melody . Shortly after the May 1, 1955, reorganization, petitioner decided that Angus' cattle raising activities constituted too much of a drain on its working capital and that such activities should be terminated immediately and the cattle disposed of as soon as possible. Mead's Fine Bread Co. v. Moore | Tenth Circuit | 12-11-1953 | www 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. Before we went on the air he would hold his nose and mutter things like How now, brown cow in order to get his voice tone down. Vintage Advertising Lot; Mead's Fine Bread;Purina;Rook;Press on Tape It appears to have been made to use with a key chain as it has a hole at one end. 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. God be with you till we meet again! Mead's fine bread of el paso, inc. in New Mexico | Company Info and at Hobbs, Roswell, and Clovis, New Mexico. [Mead's Fine Bread Company] - The Portal to Texas History Mead's Fine Bread Co. v. Moore, No. 4615. - Federal Cases - Case Law 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. Starting out originally as a sole proprietorship and later conducting their business in the form of the four predecessor corporations which petitioner absorbed in 1955, the Meads acquired 21 bakery plants between 1938 and May 1, 1955. MEAD'S FINE BREAD COMPANY, a Corporation. 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. 297, 304 (1952), reversed on another issue [55-1 USTC 9110] 217 F.2d 329 (C. A. When the war was over I returned to college and, despite the GI bill, the need for extra income arose. 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. The loan agreement also prevented petitioner from acquiring any subsidiaries in addition to Mead's Angus Mesa, Inc. The busy boulevard in 1965, six lanes wide with abundant centered street lights. And I did a couple of bars on harmonica. 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. They foresaw the promise of whole grain breads, ultimately renaming the company after the brand of its market-leading products, Earth Grains. 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. Once, in Philadelphia, I enjoyed a comeback. It has been viewed 1144 times, with 31 in the last month. Grocery Co. [38-2 USTC 9312], 304 U.S. 282 (1938); F. E. Watkins Motor Co. [Dec. 23,233], 31 T.C. Mead Art Museum Critical Mass: Happenings, Fluxus, Performance . The encasement material is the traditional aluminum and is the thickness of a cent. extended guidance on usage rights, references, copying or embedding. Bill Mead Obituary (2006) - Dallas, TX - Dallas Morning News 3. We sang the Navy hymn while the chaplain intoned Crossing the Bar, and it was so successful that station WCAU recorded it and played it several times that evening. 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. An expert in cost controls, he rose through the ranks to be named controller in 1956 and vice-president, treasurer and CFO in 1965. 5, 1963). 288 (1958). Can College Sports Get More Absurd Than SMU Joining the Pac-12? The Sahara Sands Motel (BELOW) became a Holiday Inn about 1963 (ABOVE) 4615_1 in the Court of Appeals for the Tenth Circuit. The company's mailing . collections, new partnerships, information on research, trivia, Prior to the fine, Meads Bakery produced bread, rolls and pastry items for small retailers throughout Luton and surrounding counties. From the foregoing, it is our opinion that Angus did not engage in any business during this period, particularly the business of farming or raising cattle. February 2023 Reader Quiz: What Did You Learn? 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. To my left was a French horn, behind me was a street drum, and on Normans right were two saxophones, one a soprano. Respondent points to the fact that as of May 1, 1955, the date of the tax-free reorganization in which petitioner acquired the assets of the four predecessor corporations, petitioner had accumulated earnings totaling $2,058.20.8 However, the mere size of the previously accumulated earnings and profits is not indicative that they are sufficient to cover the future needs of the business. See 348 U.S. 932, 75S.Ct. 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. 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. As previously indicated, during the years in issue, petitioner steadily expanded its activities in the bakery business. MEAD'S FINE BREAD CO on CaseMine. Angus had acquired these cattle at a cost of $129,734. Mr. Mead (1919-2006) started after high school as a bread route salesman for the Abilene, Texas bakery owned by his father and uncle. 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). Mead's Fine Bread Company - New Mexico business overview: agent, contacts, address, registration date, reports and more. United States Court of Appeals Tenth Circuit. They reported taxable income thereon which put them in tax brackets of 53 percent, 56 percent and 56 percent for these years. 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 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. Finally, any dividends distributed to either of the controlling shareholders (except E. P. Mead in 1956) would have been subject to tax at a rate of more than 50 percent. Neither Ed V. Mead nor any other officer of Angus or petitioner devoted any of his time to the affairs of Angus. In 1954 the company was sued by a competitor The Moore Bakery. The director, who had never heard Meads Quartet and didnt approve of radio gospel hymn singing in the first place, sent me. Throughout its entire existence, petitioner has experienced great diffculty in obtaining adequate credit and financing. 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. MOORE v. MEAD'S FINE BREAD CO., 348 U.S. 115 (1954) | FindLaw 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. 6, 1955), certiorari denied 351 U.S. 939 (1956). The receivable from E. P. Mead was entered on petitioner's records without Mead's knowledge in what essentially was a year-end bookkeeping transaction whereby stock owned by petitioner was transferred to E. P. Mead. 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 . Argued Nov. 17, 1954. I thought I had it made as a singing swabbie. Although petitioner experienced no strike or other such work stoppage in any of its plants between 1950 and 1959, losses due to such disputes were a reasonable factor for petitioner's management to consider. During the years in issue petitioner had definite plans for the acquisition of additional bakeries and for diversification into related businesses. United States Tax Court.https://leagle.com/images/logo.png. 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. Lalvin EC-1118. From this it derived minimal receipts. This Is the Most Popular Easter Recipe from Each State Physical Description 1 photograph : positive, col. ; 35 mm. 90 (1954), affd. 121. The estimated average cost of purchasing and installing the necessary equipment was $150,000 per plant. Creation Date: Unknown. I had to hitchhike from the college to downtown because I couldnt afford a dime for the bus. (https://caselaw.findlaw.com/us-supreme-court/348/115.html - United States Supreme Court, MOORE v. MEAD'S FINE BREAD CO.(1954)), Home|Articles| Petitioner's position in response to this is that Angus was, during these years, engaged in the business of farming and raising cattle and that this was stipulated to by respondent. But I looked at it as $4.80 an hour. The company's mailing address is None Given, None Given, TX 00000. Helvering v. Nat. 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. Count your many blessings, evry doubt will fly, And you will be singing as the days go by. 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. However, we also conclude that during each of its taxable years 1957 and 1958, petitioner did have reasonable business needs equal to the amount of earnings retained by it during such year, minus the amount advanced to Angus in such year. Our guide whispered to us that sometimes the service went on until pretty late and we might want to leave. 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. View a full description of this photograph. 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. ; Electric Regulator Corporation [Dec. 26,236], 40 T.C. Mead's Fine Bread Co., 348 U.S. 115 , where such pricing was held violative of 2 (a). 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/. Recent filings for MEAD'S FINE BREAD COMPANY 14 Jun 1960 Drop a pin or drag to create a new rectangle. 121. Get free access to the complete judgment in MEAD'S FINE BREAD CO. v. MOORE on CaseMine. the Indianapolis Brewing Company, as his bondsmen, for alleged injuries received in the defendant's place of business. Refrigerator Parts & Accessories. Terms of Use, Site Copyright 1999-2021 by Bruce Perdue Email: WebmasterAll Rights Sign up for our periodic e-mail newsletter, and get news about our 8, 1940). Docket Number: No. . These corporations maintain plants at Lubbock and Big Spring, Texas, and at Hobbs, Roswell, and Clovis, New Mexico. Mead and his four sons. Several other reasons caused petitioner to retain its earnings in this period. Rennala had packed lightly when she departed from Raya Lucaria. During the Mead-Lane era, the company grew to more than 60 U.S. operating plants, seven bakeries in Spain and related businesses in Puerto Rico, France and Brazil. 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. See section 1.535-3(b)(ii), Income Tax Regs. Thu Mar 30 2023 at 10:30 am Mid-week S&B. Panera Bread (2516 Aloma Avenue, Winter Park, FL) . . Anything? 334. 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. Their families describe them as proud Texans and leaders in their home and church communities. Mead's Fine Bread Co. v. Moore, Court Case No. Bring on the Shiplap? Featuring thousands of newspapers, photographs, sound recordings, technical drawings, and much more, this diverse collection tells the story of Texas through the preservation and exhibition of valuable resources. In 1950, petitioner's four predecessor corporations employed a total of 524 persons. 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. Fred joined the Air Force (and died in the service), and Norman, our second tenor, became an airman too. 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. Date Unknown; Reverse is blank only showing the reverse of the coin. 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. I like to serve this rich, saucy entree with a salad and homemade French bread. Doc Mead owned Mead's Fine Bread bakery, and Mead's Quartet sang on KRBC for fifteen minutes at noon on weekdays. 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. For partners and peer institutions seeking information about I dont want to leave the impression that Meads Quartet was irreverent or cynical, or that I was.

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