Eshelman Estate

Opinion by

Mr. Chief Justice Drew,

The sole question raised on this appeal is whether the gifts of |120,000 worth of stock transferred from decedent, John W. Eshelman, Jr., to certain donees within one year of his death were taxable under the Pennsylvania Inheritance Tax Act of June 20, 1919, P. L. 521.

Section 1 (c) of the Act, as amended, imposes a tax upon the transfer of any property by a resident where that transfer is made in contemplation of death of the grantor. It further provides: “If such transfer is made, within one year prior to the death of the grantor ... of a material part of his…