In re the Appraisal, Under the Transfer Tax Acts, of the Property of Spring

Ketcham, S.

The executrix appeals from the order imposing a transfer tax upon the transfer of a half interest in ten mortgages, which will be described.

These mortgages were assigned to the decedent and her daughter, by instruments which contained provisions, in some instances, that the survivor of the two assignees should become the absolute owner of the bond and mortgage and that neither should have the power to affect the rights of the last survivor, and, in other instances, that the securities assigned would be held by the parties of the second part and the survivor of them.

The executrix…