In re the Estate of Morrison

Foley, S.

The executors appeal from the order fixing the transfer tax on the ground that the transfer of $253,307.62, the value of *1632,049 shares of the American Telephone and Telegraph Company, has been improperly taxed.

Mary G. Morrison, the decedent here, by the will of her brother, Moses G. Parker, was given a power of appointment of these shares. The net income of the stock was to be paid to her for life, and at her death the trustees were directed to convey the principal of the trust fund “ as she shall by her last will and testament direct and appoint and in default of such appointment to…