PALMER CLAY PRODUCTS CO.
v.
BROWN, TRUSTEE

U.S. | 1935-10-14
No. 125
296 U.S. 556 Supreme Court of the United States (1935) Caution
Cited by 1 case
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  • Helvering v. Midland Mut. Life Ins. Co., 300 U.S. 216 (U.S. 1937)
    …v. Ames, 173 U. S. 509, 516; Tyler v. United States, 281 U. S. 497, 503.9 [*226] Fourth. The company contends that to tax the mortgagee as upon interest received is inconsistent with the rule declared in Louisville Joint Stock Land Bank v. Radford, 296 U. S. 556, 594, that the mortgagee is entitled to have “the mortgaged property devoted primarily to the satisfaction of the debt, either through receipt of the proceeds of a fair competitive sale or by taking the property itself.” The charge of inconsistency…

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