JONES, Judge.
The plaintiff became the owner, by purchase, of the vessel Governor Cobb, on April 7, 1939. The price paid was $75,000, of which $21,000 was paid in cash and the balance in preferred stock of the plaintiff company of the par value of $54,000.
On June 5, 1942, the War Shipping Administration, pursuant to the Merchant Marine Act of 1936, as amended, 46 U.S. C.A. § 1101 et seq., requisitioned the use of the vessel and stores aboard, and on...
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