United States Board of Tax Appeals January 17, 1928, Docket No. 8820 (Hooven, Owens, Rentschler Co. v. Commissioner)

*1379OPINION.

Tetjssell:

The business acquired and now owned by this petitioner was started in the year 1880. The record does not show the amount of capitalization of the original organization, but one of *1380the witnesses, who had been with the company continuously since 1880, testified that it began with comparatively small capital and that the increase in its capital and tangible assets was