MacFarlane's Estate

Opinion by

Mb. Justice Drew,

William W. Macfarlane died testate in September, 1915, owning shares of stock in the United Dyewood Company, a Maine corporation, of which he was vice-president and a director. This company was the holding company of several subsidiaries, one of which, the American Dyewood Company, had a large plant at Chester, Pennsylvania, of which the testator was general manager. His holdings in these corporations at his death consisted of one share of preferred stock of the American Dyewood Company and 80 shares of first preferred, 349 of second preferred, and 736 of common…