Wallace's Estate

Opinion by

Mr. Justice Kephart,

John A. Wallace died in 1915; by his will his estate was divided equally among his four children; his only son, Frank, whom he designated an executor, was given an option to purchase his interest in the Chester Times, a newspaper published in Chester. Six months after his father’s death, Frank exercised the option and purchased that interest, representing 550 shares of stock, his, mother, his three sisters and the coexecutor joining in the conveyance. Under the agreement of sale, all dividends issued on the stock were distributed to the estate until the purchase…