United States Board of Tax Appeals December 19, 1930, Docket No. 24762. (Wahl v. Commissioner)

lead-opinion

*824OPINION.

Teussell :

The undisputed, testimony given in tbis proceeding convinces us that in 1913 petitioner loaned $15,000 to the two Cunningham brothers to be used to bolster up the finances of their bank and that he looked to them and relied upon their agreement for repayment of the said amount.