SCHWELLENBACH, District Judge.
This is an action to recover money paid by the plaintiffs on a deficiency assessment arising out of their 1935 joint return. The disputed item in that return was their claimed deduction for loss of the value of 350 shares of preferred stock of the Kempsmith Manufacturing Company, in the amount of $21,000. The stock was owned by the plaintiff wife. The action involves the sole question as to whether or not the stock became worthless during...
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