
    SEMON BACHE & COMPANY, Inc., Petition, er, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.
    No. 14.
    Circuit Court of Appeals, Second Circuit.
    Nov. 2, 1931.
    Richard S. Holmes, of New York City (Alfred C. Frodel and Dean Hill Stanley, both of Washington, D. C., of counsel), for appellant.
    G. A. Youngquist, Asst. Atty. Gen., and Sewall Key and J. P. Jackson, Sp. Assts. to Atty. Gen. (C. M. Charest, General Counsel, Bureau of Internal Revenue, John D. Kiley, Special Attorney, Bureau of Internal Revenue, both of Washington, D. C., of counsel), for respondent.
    Before MANTON, AUGUSTUS N. HAND, and CHASE, Circuit Judges.
   PER CURIAM.

Decision affirmed.  