The opinion
Turner, J., dissenting: In my opinion, the loss to the petitioner of the amount of the assessments on the bank stock owned by it was as much a loss on the stock as was the loss of its original investment and, under the rule laid down by the Supreme Court in Arrowsmith v. Commissioner, 344 U. S. 6 , the loss was a capital loss, deductible as such, and not as an ordinary loss, as this Court holds.
Murdock and Hill, JJ., agree with this dissent.