United States Board of Tax Appeals April 25, 1930, Docket No. 41059 (O. D. Haskett Lumber Co. v. Commissioner)

*717OPINION.

Seawell:

The contention advanced by the petitioner is that in 1926 it sustained a loss, as provided in section 234 (a) (4) of the Revenue Act of 1926, of at least $15,000 on account of its endorsement of the Shelhorn notes as set out in our findings.