United States Board of Tax Appeals September 22, 1927, Docket No. 4378 (Aransas Compress Co. v. Commissioner)

*157OPINION.

Phillips:

Citizens of certain communities contributed land and cash to the petitioner to induce it to erect cotton compresses and *158warehouses in such communities. Such facilities became public utilities, subject to regulation as such by the State. Those making the donations received no direct benefit, nor was any service to be performed for them by the petitioner.

In Edwards v.