The principal type is a monthly pension payable to a person after he as attained the age of 65. The benefits are not to begin before January 1, 1942. A summary by the Government of the four situations calling for such payments is printed in the margin. The bill tells us that the corporation has decided to obey the statute, that it has reached this decision in the face of the complainant's protests, and that it will make the payments and deductions unless restrained by a decree. If the exactions shall ultimately be held void, the company will have parted with moneys which as a practical matter it will be impossible to recover.
Nothing is said in the bill about the promise of indemnity.
The prediction is made also that serious consequences will ensue if there is a submission to the excise. The corporation and its shareholders will suffer irreparable loss, and many thousands of dollars will be subtracted from the value of the shares. The prayer is for an injunction and for a declaration that the act is void. The corporation appeared and answered without raising any issue of fact. Later the United States Commissioner of Internal Revenue and the United States Collector for the District of Massachusetts, petitioners in this court, were allowed to intervene.