LEIBELL, District Judge.
The question presented in this tax suit is this: Did the preferred and common stock of the Madison Mortgage Corporation become worthless in the year 1937 as the plaintiff taxpayer contends, or in the year 1936 as determined by the Commissioner of Internal Revenue? The plaintiff in 1936 and 1937 was the owner of 150 shares of preferred and 150 shares of common stock of the Madison Mortgage Corporation, which had cost the plaintiff $16,500....
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