mead's fine bread company

From this it derived minimal receipts. He Keeps Me Singing. Helpful links in machine-readable formats. And TommyI wonder what did happen to Tommy? 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. To my left was a French horn, behind me was a street drum, and on Normans right were two saxophones, one a soprano. section 1.537-2(c)(3),10 Income Tax Regs. See 348 U.S. 932, 75 S.Ct. The Secretary of the Navy died, and the captain ordered a memorial servicewith one days assembly time. 4615. Doc was a lay preacher, and he often took us with him when he addressed a church in some town like Nugent or Lueders. Meads cut the price of bread in half in The regular bassa grown man, as I thought of ithad been transferred out of town, and someone had to fill in quick. The common round shape is well known in several diameters. 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. Petitioner was engaged in a purely intrastate bakery business. Sign up for our periodic e-mail newsletter, and get news about our Mead's fine bread of el paso, inc. is a New Mexico Foreign Profit Corporation filed on March 28, 1948. These corporations purchase their flour and bread wrappers as a unit. Petitioner's management had estimated during the years in issue that trade accounts receivable would increase between 20 and 25 percent per year. 121. 8, 1940). 148, 99 L.Ed. . 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. Experience the joy of artisan baking using first-rate ingredients from this award-winning Venetian bakery. If you fill out the first name, last name, or agree to terms fields, you will NOT be added to the newsletter list. 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. Section 1.537-3(b), Income Tax Regs. and When it started I saw why. The encasement is approximately 2 inches wide by 1 at its tallest point. Check out our Resources for Educators Site! He was a true golden-throat. I never sang much after I got out of college. For partners and peer institutions seeking information about Lane were chairman, CEO and president of The Earthgrains Co. (previously Campbell Taggart, Inc. and today part of Bimbo Bakeries USA), Dallas, Texas. United States Court of Appeals Tenth Circuit. 9, 1961), certiorari denied 368 U.S. 948 (1961); Kerr-Cochran, Inc. [Dec. 22,934], 30 T.C. Over the years, the Mead brothers and their families split up the operations. Mr. Edward W. Napier, Lubbock, Tex., for respondent. Donald L. Wilson and Kenneth G. Tarlton, for the petitioner. Petitioner filed its returns with Angus on a consolidated basis. 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. The yeast I used fermented the mead to dry and still had a much higher alcohol tolerance. Rehearing Denied Jan. 31, 1955. For the Tucson plant, it had estimated construction cost of $100,000 and costs for equipping the plant of $250,000. 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.) This company was engaged in the business of manufacturing and selling bread. Mead's Fine Bread Company filed as a Domestic For-Profit Corporation in the State of Texas and is no longer active. A tenor named Tommy sometimes substituted for Jimmy, and during one funeral somewhere south of Putnam, Tommy slipped and almost fell into the gravehe couldnt seem to walk and sing at the same time. awards, and more. The cattle were sold at auction in October 1955. Research the case of Mead's Fine Bread Co. v. Moore, from the Tenth Circuit, 12-11-1953. Doc admitted he had a tin ear, but since he paid the freight, his recommendation wrote the ticket. Another reason was to create a reserve against losses that might be incurred in connection with possible labor disputes. But he was a good sport. Sick bucks a week. 1954) Annotate this Case US Court of Appeals for the Tenth Circuit - 208 F.2d 777 (10th Cir. 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). Click on the case name to see the full text of the citing case. 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. The cattle raising operation took place on an 1800 acre ranch owned by Angus in Albuquerque, New Mexico. Geographical information about where this photograph originated or about its content. Development costs for the new route, including additional consumption of supervisor time and more stale, unsold bread to be picked up from the stores on the route, result in losses of approximately an additional $5,000 per route for the first year of operation. This amount would have been insufficient to enable petitioner to conduct its operations for one day. Between the years 1955 and 1960, Angus sustained the following losses: During each of the years in issue, petitioner advanced substantial amounts on open account to Angus. accessed March 4, 2023), 145, where such pricing was held violative of 2(a). ART FINE-ARTS. His signature on the check didnt mean that FDRs son had been born again. He controlled the station I sang for. Patrons have access to their extensive collections, which include more than one million items through the library and the Abilene Library Consortium. Grocery Co. [38-2 USTC 9312], 304 U.S. 282 (1938); F. E. Watkins Motor Co. [Dec. 23,233], 31 T.C. These corporations purchase their flour and bread wrappers as a unit. Some content on this site may be difficult to view. as well as independent and professional researchers. He appointed me to reorganize the quartet, took out half a page in the newspaper to announce itand paid us $15 a week. 4615. University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; [4 USTC 1299] 72 F.2d 67 (C. A. D. C. 1934); cf. 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. MEADOWVIEW POOL CO; MEADS STEPHEN OIL CO CO; MEAD-RAYMOND CORPORATION. June 5, 1946 Mead's Fine Bread Company of Big Spring, Big Spring, Texas Oct. 7, 1946 Mead's Fine Bread Company of El Paso, El Paso, Texas Mar. 334. This photograph is part of the following collections of related materials. Doing a bread spot, he said, For the breast in bed . New Mexico company code: 268904. It has been viewed 1144 times, with 31 in the last month. Mead's Fine Bread Company - New Mexico business overview: agent, contacts, address, registration date, reports and more. The major portion of this amount consisted of $281,000 representing proceeds from the Penn Mutual loan. I had never taken voice lessons and did not plan on becoming a music professional, but I sang a pretty fair country bass and blended well. 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. This 1954) December 11, 1953 Rehearing Denied January 16, 1954 Edward W. Napier, Lubbock, Tex. Read more 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. Can College Sports Get More Absurd Than SMU Joining the Pac-12? Mead and Faye Pauline Mead in Abilene, Texas and died April 17, 2006 in Dallas, Texas after a long battle with prostate cancer. As of April 30, 1956, these amounted to $150,000. E. P. Mead and Ed V. Mead extended substantially more credit to petitioner than either received from it. To the work! 15 (1947); and World Pub. Mead's Fine Bread Co. v. Moore, 208 F.2d 777, 10th Cir. They encouraged their associates to participate as speakers and officers of the American Society of Baking. 1249 (1927), affd. See 348 U.S. 932, 75S.Ct. Order Enlightenment Wines Memento Mori Dandelion Mead 375-ml bottle online from The Lunar Inn & Tinys Bottle Shop. Check out our Resources for Educators Site! 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. 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. This photograph's creation, acceptance, or submission date is unknown. 160, 169-170 (1950); Reginald C. Vanderbilt [Dec. 2059], 5 B. T. A. Harold D. Rogers, for the respondent. We've identified this Do they still sing The Old Rugged Cross? At any rate, his wife, our accompanist, hated hymns, especially our theme song. PO Box 130967, Tyler, TX 75713. There is no known record of who created these encasements for Meads. We were too good. about this topic here. As noted above, the parties stipulated that Angus, during the years in issue, was engaged in the agricultural and livestock business. 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 . Although the record leaves us unconvinced that Angus at any time ever entertained an expectation that its cattle raising activities would be profitable, it is clear that when petitioner acquired Angus, no such expectation existed. MEAD'S FINE BREAD CO on CaseMine. Newspaper Page Text PITTSIIIJR.GR,GAZE. 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. AnyLaw is the FREE and Friendly legal research service that gives you unlimited access to massive amounts of valuable legal data. On September 12, 1955, petitioner borrowed a total of $400,000 from two banks. consistently emphasize the unreasonably low prices and the predatory intent of the defendants." Trash Compactor Parts & Accessories. WHEN UPON LIFES BILLOWS you are tempest tossed, When you are discouraged, thinking all is lost . Sign up for our periodic e-mail newsletter, and get news about our 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 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. Helvering v. Nat. 5, 1963). The following is a consolidated balance sheet reflecting, on a consolidated basis, the assets and liabilities of petitioner and its subsidiary, Angus, during the years before this Court. Service is great. Food is delicious. 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. Their paths into bakery leadership differed, but together they formed a powerful team that built the second largest bakery in the U.S. during the 1980s. 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. The Jay-Rollins Library serves the students, faculty, and staff of McMurry University in Abilene. Log In. 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. Mr. Lane succeeded him as chairman and CEO until his retirement in 1987. Petitioner actually converted two of its plants in 1961 and another in 1962, at an aggregate cost of $451,125.32. 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. My moral code today is based as much on my hymn singing as on my churchgoing (Yield not to temptation, For yielding is sin;/Each victry will help you Some other to win). Rich in sea salt and amino acids, our formula instantly lifts limp hair from the roots, while Fo-Ti and hydrolyzed rice protein improve hair growth and density in the long term. 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 also provide 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. a digital repository hosted by the Bins Whats Up With All the Kangaroos on the Loose in Texas. All Rights Reserved, National Bakery Associations and Resources, Baker Equipment Manufacturers and Allieds. I hate to admit, even at this distance, that I brazenly pretended it was grief choking us up. (1954) - Free download as PDF File (.pdf) or read online for free. they all market their bread under the name "Mead's Fine Bread" and promote the product through a common advertising program. Our guide whispered to us that sometimes the service went on until pretty late and we might want to leave. 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. 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. This was done so as to prevent a technical violation of a covenant in the Penn Mutual loan agreement. There is only one bread shape that I know about and that is the Mead's Fine Bread encased. 396 (1932), affd. Rands, Inc. [Dec. 9491], 34 B. T. A. . Reverse is blank only showing the reverse of the coin. 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. In the lower-left corner of map below, select either the pin () or the box (). He suggested we do it during the prayer. The crowd got quiet. The design of the encasement is such that the piece looks like a loaf of bread in three dimensions, while only being a two-dimensional object. They sold bread throughout the Southwest. extended guidance on usage rights, references, copying or embedding. All were visually striking. We broke up my senior year. University of North Texas Libraries, The Portal to Texas History, Business, Economics and Finance - Stores - Bakeries, 1 In order to retain the market served by that plant, petitioner transported bread from its plant in Abilene, Texas, and incurred related expenses of approximately $450,000. The number of companies that we have information about in our database: 442,383+ NewMexicoEnterprise.com M ME MEA 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. UNT's history and scholarship, library special collections, plus a . Filed: 1954-01-16 Precedential Status: Precedential Citations: 208 F.2d 777 Docket: 4615_1 try Mrs. Bairds. Or was that a legend? Section 1.1502-31(a)(19)(i), Income Tax Regs. Rehearing Denied Jan. 31, 1955. 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. Section 532. 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. Our theme song was bouncy: Theres within my heart a melody . This company has not listed any contacts yet. In 1949 the El Paso and Albuquerque plants were closed because of strikes. Click the citation to see the full text of the cited case. 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. Click on the images below to view .pdf files of the inductees biography and plaque. Some of the facts have been stipulated, and the stipulations of facts, together with the exhibits attached thereto, are incorporated herein by this reference. My first check as a radio gospel singer on KRBC in Abilene was for $6 and was signed by Elliott Roosevelt. 20, 1948 (These corporations will hereinafter sometimes be referred to as the predecessor corporations.) As we arived, we could hear the service going on two blocks from the church house. Between May 1, 1955, and April 30, 1956, it added some 41 new delivery routes to service Oklahoma City, Ada, and Tulsa, Oklahoma. Several other reasons caused petitioner to retain its earnings in this period. They foresaw the promise of whole grain breads, ultimately renaming the company after the brand of its market-leading products, Earth Grains. More information about this photograph can be viewed below. But Doc remained approachable, the same sweet, tin-eared guy. Basic information for referencing this web page. 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). K-12 lesson plans, tools, and other help for history teachers. 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. The cost of these additions exceeded depreciation allowed during this period by approximately $170,000. As previously indicated, petitioner has the burden of proving that the earnings retained by it during the years in issue did not exceed its reasonable business needs. Creation Date: Unknown. Thus, to the extent the stipulation of facts in this proceeding provides that Angus was engaged in the agricultural and livestock business during the years in issue, it is hereby set aside. University of North Texas Libraries, The Portal to Texas History, View a full description of this photograph, Brightness, Contrast, etc. The Portal to Texas History, ; Raymond I. Smith, Inc. [Dec. 23,812], 33 T.C. Petitioner in each of the years in issue realized a substantial profit. During its fiscal year ended April 30, 1957, petitioner advanced $50,000 to Angus, and during its fiscal year ended April 30, 1958, it advanced $77,889.62. Crayola Dymo Elmer's Five Star Mead Paper Mate Pen+Gear Scotch Sharpie Texas Instruments The Happy Planner The Pioneer Woman. 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. UNT Libraries. We ordered the grilled artichokes, the lamb tart, the pozole negro, and the ricotta cavatelli. While working as program director at station KCUL Photographed By Craig Doda, May 11, 2020 2. See section 1.535-3(b)(ii), Income Tax Regs. I thought I had it made as a singing swabbie. In our opinion, petitioner has established that, at least to some extent, it permitted its earnings and profits during this period to accumulate in order to meet the reasonable needs of its business. It maintains its books and records and files its Federal income tax returns on the basis of a fiscal year ended April 30. The radio studios were atop the Hilton Hotel, twelfth floor. Neither petitioner nor any of the predecessor corporations has ever declared or paid a taxable dividend. 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. 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. Included among these factors are: (1) Petitioner's advances on open account to Mead Industries, Inc. (cf. Ed V. Mead repaid the amount loaned to him by petitioner during its fiscal year ended April 30, 1958. Thus, petitioner was, in effect, prevented by the terms of the Penn Mutual loan from expanding by means of debt financing. MEAD'S FINE BREAD COMPANY, a Corporation. Was born December 22, 1919 to W.L. Mr. Justice DOUGLAS delivered the opinion of the Court. India; UK & Ireland . 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! 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. In part, these time deposits were held as to reserve for the contingent tax liability. Calvary . 5, 1935), reversing a Memorandum Opinion of the Board of Tax Appeals [Dec. 8578-F]. UNT's history and scholarship, library special collections, plus a The Mead Bread Company maintained plants at Lubbock and Big Spring, Texas, and at Hobbs, Roswell, and Clovis, New Mexico. 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. 121: Decision Date: 06 December 1954: 348 U.S. 115 75 S.Ct. Mr. Justice DOUGLAS delivered the opinion of the Court. William Ernest Seatree [Dec. 7413], 25 B. T. A. 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. Some of those which influenced petitioner's management to retain its earnings in order to be able to produce or utilize these innovations were: (1) "Brown and Serve" rolls; (2) "diet bread"; (3) "round bread"; and (4) the use of plastic "end seals" in wrapping loaves of bread. 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. and Florence VanHoozer in the Bethel community east of Lawton, and was one of four kids. As the Court of Appeals for the Fourth Circuit noted in Smoot Sand & Gravel Corporation v. Commissioner [60-1 USTC 9241], 274 F.2d 495, 500 (1960), affirming a Memorandum Opinion of this Court [Dec. 23,307(M)], certiorari denied 362 U.S. 976 (1960): We believe petitioner has amply demonstrated that as of May 1, 1955, its accumulated earnings and profits in the amount of $2,058,115.20 had been so translated into plant expansion, new equipment, increased receivables, etc., and that, therefore, they were not available to satisfy any reasonable business needs that might confront petitioner during the years in issue. 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/. endowment . The Mead Corporation is one of the world's largest manufacturers of paper (producing more than 1.7 million tons each year) pulp, and lumber. 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. 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. The company's mailing . The busy boulevard in 1965, six lanes wide with abundant centered street lights. 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. 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. They alleged that Mead's Fine Bread sold bread both locally and interstate, and, in the course of such business, maintained prices in interstate transactions but cut prices in intrastate transactions in petitioner's locality, thus driving petitioner out of business. https://texashistory.unt.edu/ark:/67531/metapth1165909/m1/1/. Aside from the tenant farmer, Angus had no employee during the years in issue. Real Good Kitchen. And that was no legend. 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. [Mead's Fine Bread Company], Petitioner made offers on 10 of these plants. We relished these performances, since Meads bakery paid us for such off-air advertising. A naturally leavened artisan fruited bread with sweet bites of peach and semi-candied apricot complemented by the fragrance of lavender. An expert in cost controls, he rose through the ranks to be named controller in 1956 and vice-president, treasurer and CFO in 1965.

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