United States Court of Claims February 4, 1929, No. H-152 (Alaska Consolidated Canneries, Inc. v. United States)

Moss, Judge,

delivered the opinion of the court:

The facts in this case are stipulated by the parties, and may briefly be stated as follows:

Plaintiff was incorporated in March, 1925, with an authorized capital stock of $2,000,000. It had no assets, and was not engaged in business prior to June 1, 1925.