Harlan F. Stone,
Goodyear Tire Rubber Company v…
“ It is used in contradistinction to the actual value which is made the measure of the tax when applied to nonpar value stock which the statute describes as 'without par or face value.' To say that the term 'face value' is intended to apply to a fictitious statement of value on the face of the certificates, having no relation to the actual par value, would be to give the statute a strained construction and open the way for evasion. ”
