Clipped From Butler County Democrat

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 - ·'. ' WORTH MILLION AND HALJE 1 ' '' ' ....
·'. ' WORTH MILLION AND HALJE 1 ' '' ' . '*''· . e · -. - . h l " ° " soine'w m.id 'in (he on r y is u n i t y ' as rale · transfer lax C. MelCinney, i has'decided ai( ai order fixing i o i n i c r l v ilton, and owned considerable prop- :'.rly there. The surrogate held that (he . l a i r markel value of ti.i ISement-Poinl Co. slock, of which owned 8,925 shares. w,i3 tiie value of Mr. McKinney's stock the Niles al $],535,101). The decision in j i a r t , reads "Tiio oxecntris appeals from the i d e r . i i x i i r _ ' ia\ upon he ,;ia))| i r 11 ji tic r k" v ii I ji at '011,4 ^'"- |S:i"iit\p.'li' wlii)e.,llie slale ompffoller rijipViiU upon lln Around ihal t h e valuation is Ion low. decedent died on October .), Ifllfl. 'ijipears from the appraiser's report Ihal iho decedent held about one- ienlb of Ihe enlire capita! slock of. Iho company, and Hint between August I, l ! l l ( j . and December :il, there woiv a c l n a l .sales of morn '2,0(J(J shares of Ihe stock in the open nnivkcl. 1( was. however, )jun;iit ajnl sold in (piantilies oi' less than 11)0. share lots. The apjrni.sei found c'i;it the hid price on Die dale of decedent's dealh was $183 a share, while Ihe witnesses piodnced on 'Di-baif ol (lie estate ieslified Ihn I Iho large block of stock owner) by. the doecdwit could not have been sold al nn .ivir- aye. price of more than $145 a · ''The. appraiser's report shows Ihe slock o{-th(! Nile.s--I)einent-Po:id Co. was cnsloimii'jly hoii.siit and suid in the open niai-i?c'|, and h e l u thlit .'flTi represpiited the average for which Die stock ir.is botigltf and sold w i t h i n Ibn-e months and Ihrce jiionlhs after Ihe date of decedent's dcaili. It seems, therefore thai if]72 represenls tho fair markel value of the .stock on Ihe of decedent's dealb."

Clipped from
  1. Butler County Democrat,
  2. 16 Aug 1917, Thu,
  3. Page 6

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