Cameron Estate

Rahauser, J.,

This is an appeal from the assessment of an inheritance tax upon the appraised value of a contract for deferred compensation.

Decedent, Gordon W. Cameron, died on April 29, 1955. At the time of his death he was a vice president and treasurer of the Aluminum Company of America. He had been employed by the company continously since August 1916.

The parties to the appeal entered into a stipulation of the facts as follows:

“1. ... At the time of his death he was a vice president and treasurer of Aluminum Company of America (hereinafter referred to as Alcoa), a Pennsylvania corporation…