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FRIEBELE v. UNITED STATES

No. L-5480.

20 F.Supp. 492 (1937)

FRIEBELE v. UNITED STATES.

District Court, D. New Jersey.

September 20, 1937.

Attorney(s) appearing for the Case

Ellis L. Pierson, of Trenton, N. J., and Frederick Schwertner, of Washington, D. C., for plaintiff.

John J. Quinn, of Red Bank, N. J., and Arthur L. Jacobs, of Washington, D. C., for the United States.

FORMAN, District Judge.

On August 16, 1923, the plaintiff acquired at a cost of $500 certificate No. 204 for 500 profit-sharing interests of the Texas Development Company, which was organized in April, 1923, pursuant to a declaration of trust, for the purpose of exploiting an oil lease. On or about October 10, 1924, the plaintiff also acquired certificate No. 316 for 2,000 profit-sharing interests of the said Texas Development Company for $300. These profit-sharing...

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