about this topic here. Terms of Use, Site Copyright 1999-2021 by Bruce Perdue Email: WebmasterAll Rights 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. Jos R. Ralat is Texas Monthlys taco editor, writing about tacos and Mexican food. The last day she played, as we finished the program she slammed down a violent chord and screamed, There, you goddamn bunch of musical maniacs, and the mike was still open. Section 532. collections, new partnerships, information on research, trivia, Their families describe them as proud Texans and leaders in their home and church communities. Some content on this site may be difficult to view. He was born February 7, 1932 to N.B. Sign into add some. Public Company Incorporated: 1930 Employees: 21,600 Sales: $4.77 billion Stock Exchanges: New York Midwest Pacific The Mead Corporation is one of the world ' s largest manufacturers of paper and related products. to Petitioner's stock was then distributed to the stockholders of the predecessor corporations. Moreover, if the advance had not been made to Angus during the years in issue, there would have been ample earned surplus and ample cash on hand to permit the distribution of a dividend in each of the years involved. Filed: 1955-01-31 . Immediately prior to petitioner's absorption of the four predecessor corporations, Angus possessed a herd of 100 breeding cows and a one-half interest in a prize stud bull. Daniel Vaughn is the countrys first barbecue editor, and he has eaten more barbecue than you have. Fred joined the Air Force (and died in the service), and Norman, our second tenor, became an airman too. Mead and his four sons. It appears to have been made to use with a key chain as it has a hole at one end. The company used this jingle: A paper hat used by Mead's employees - "That's What I Said" "Mead's Fine Bread and Potato Chips, too" At the top is a nail file given away as a promotional item. 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. they all market their bread under the name "Mead's Fine Bread" and promote the product through a common advertising program. ; Electric Regulator Corporation [Dec. 26,236], 40 T.C. 7, 1935), affirming [Dec. 8135] 28 B. T. A. Mr. Mead (1919-2006) started after high school as a bread route salesman for the Abilene, Texas bakery owned by his father and uncle. From this it derived minimal receipts. No. The loan agreement also prevented petitioner from acquiring any subsidiaries in addition to Mead's Angus Mesa, Inc. Date Unknown; 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 . The cattle were sold at auction in October 1955. These corporations maintain plants at Lubbock and Big Spring, Texas, and at Hobbs, Roswell, and Clovis, New Mexico. As previously indicated, during the years in issue, petitioner steadily expanded its activities in the bakery business. During the calendar years 1956 through 1958, E. P. Mead filed joint Federal income tax returns with his wife, Jessie Mead, and reported taxable income thereon which put them in the tax bracket of 20 percent, 62 percent and 53 percent, respectively. Mead's Fine Bread Co., 348 U.S. 115, 75 S. Ct. 148, 99 L. Ed. I had worked my way up to my own special solo, Only in Thee (Pleasures of earth, so seemingly sweet,/Fail at the last my longings to meet), when World War II broke up Meads Quartet. One of the most significant innovations in the baking industry in recent years has been the development of the continuous mix method of making bread. Then pointing to section 1.537-3(b), Income Tax Regs.,11 petitioner asserts (1) that since it owned more than 80 percent of the outstanding stock in Angus, the business of Angus should be considered as petitioner's business and (2) that petitioner was entitled to utilize its earnings for the reasonable business needs of its subsidiary, which were to pay various installments of Angus' indebtedness as they became due during the years 1956 through 1958.12 It is petitioner's further contention that even if Angus were not actively engaged in a business, since petitioner filed its returns on a consolidated basis with Angus, it was, nevertheless, entitled to a consolidated accumulated earnings credit, pursuant to section 1.1502-31(a)(19), Income Tax Regs., based on the amount of its earnings retained for the reasonable needs not only of its own business, but also the reasonable needs of its affiliate, Angus. However, because of our finding that a portion of its earnings and profits were accumulated to meet the reasonable needs of its business during its taxable years ended April 30, 1957 and 1958, petitioner is entitled to a consolidated accumulated earnings tax credit based upon such finding. Once, a dozen years ago, a bunch of us even made an LP of some old gospel swingers. Respondent sells bread in Farwell, Texas, a town which it serves with a bread truck operating out of Clovis, New Mexico. When the young peoples class offered special music at the little church we attended (it had no choir), I was always the bass. An encased cent in n aluminum loaf of bread. Creation Date: Unknown. Cf. Like most kids in that time he enjoyed fishing, playing in the creek and playing catch with his older brother, Billy B., who later played in the minor leagues. 145 L. L. MOORE, Petitioner, v. MEAD'S FINE BREAD COMPANY, a Corporation. 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. Can College Sports Get More Absurd Than SMU Joining the Pac-12? In 1954 the company was sued by a competitor The Moore Bakery. Telephone to Glory. The yeast I used fermented the mead to dry and still had a much higher alcohol tolerance. The regular bassa "grown man," as I thought of ithad been. The Registered Agent on file for this company is Secretary Of State and is located at Executive-Legislative Building, Santa Fe, NM 87503. 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. RECIPE BELOW:This is a super simple bread using our Self Rising flour - http://youtu.be/oG3UYanvMjMYou can make this with ale, but Mead, which is a honey ale. And what a choir! The regular bassa grown man, as I thought of ithad been transferred out of town, and someone had to fill in quick. About the Producer One of the most highly awarded bakeries in Italy, established in 2005 in Veneto, specialising in an artisan range of sweet and . On March 21, 1961, respondent, by registered mail and pursuant to section 534, notified petitioner that respondent intended to issue a deficiency notice for the taxable years ended April 30, 1956, through April 30, 1958, based on section 531. Petitioner filed its returns with Angus on a consolidated basis. The mead yeast also has a fruity ester profile, so if you want to make mead that has a fruity taste, like a melomel or fruit mead, consider this yeast. Both men provided leadership to industry groups including the American Bakers Association and the American Institute of Baking. Although petitioner purchased the site for a new plant in Ada, Oklahoma, in October 1957, it abandoned plans for constructing this plant in 1961 because its other plant in that town was not operating as profitably as had been expected. Although the basic equipment for this process did not become available in the areas in which petitioner's plants were located until some time in 1958, petitioner had, by 1956, made definite plans to begin converting its ten largest bakery plants to the continuous mix process at such time as the equipment could be obtained. Nor can it be bound by stipulations of fact which appear contrary to the facts as disclosed by the record. This company was engaged in the business of manufacturing and selling bread. Helpful links in machine-readable formats. More information about this photograph can be viewed below. During this same period, Ed V. Mead filed joint returns with his wife, Elizabeth Mead. These buildings were constructed by Mead Industries, Inc., according to petitioner's exact specifications. Trash Compactor Parts & Accessories. In 1941, he formed his own bakery, Meads Fine Bread, in Lubbock, Texas, adding three other bakery locations in New Mexico and a frozen dough factory in Abilene. 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). Mead and his four sons. Categories: Pharmaceutical . Rehearing Denied Jan. 31, 1955. 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/. 3. I thought I had it made as a singing swabbie. the Indianapolis Brewing Company, as his bondsmen, for alleged injuries received in the defendant's place of business. about this topic here. Petitioner, also on September 14, 1961, purchased from E. P. Mead at his cost, $66,326.94, all of the outstanding stock in Bakers Merchandise Company, Inc., Amarillo, Texas. It has some wear as to be expected, some paint loss in spots on the bottom cross plate, which only adds to the character! 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. 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). Your support aids students of all ages, rural communities, We sang the Navy hymn while the chaplain intoned Crossing the Bar, and it was so successful that station WCAU recorded it and played it several times that evening. Mr. Justice DOUGLAS delivered the opinion of the Court. consistently emphasize the unreasonably low prices and the predatory intent of the defendants." As noted above, the parties stipulated that Angus, during the years in issue, was engaged in the agricultural and livestock business. Bill O. Mead and Connie B. Section 537. to improve everyone's access to primary sources online. 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. India; UK & Ireland . See Ohio Clover Leaf Dairy Co. [Dec. 3034], 8 B. T. A. There is no known record of who created these encasements for Meads. MEAD'S FINE BREAD COMPANY is a New Mexico Foreign Profit Corporation filed on November 21, 1949. A car was out of the question. The remaining stock in petitioner was held by other members of the Mead family during the period in question. We relished these performances, since Meads bakery paid us for such off-air advertising. Our Findings of Fact contains the various factors which led us to this conclusion. If the answer to this issue is in the affirmative, we must determine for each year in question what part of petitioner's earnings and profits, if any, has been retained for the reasonable needs of its business.