IN RE ESTATE OF COWLES

No. 31112.

36 Wn.2d 710 (1950)

219 P.2d 964

In the Matter of the Estate of WILLIAM HUTCHINSON COWLES, Deceased. WILLIAM H. COWLES, JR., et al., as Executors, Appellants, v. THE STATE OF WASHINGTON et al., Respondents.

The Supreme Court of Washington, Department Two.

June 30, 1950.


Attorney(s) appearing for the Case

Witherspoon, Witherspoon & Kelley, for appellants.

The Attorney General and William C. Klein, Assistant, for respondent state of Washington.


ROBINSON, J.

On October 5, 1943, William H. Cowles, as owner of certain capital stock in three newspaper corporations, entered into a contract with his son, William H. Cowles, Jr., the managing head of the corporations, by the terms of which he gave the latter an option to purchase two thousand nineteen shares of the capital stock of the Cowles Publishing Company (publisher of the Spokane Spokesman Review) for one hundred thirty dollars per share; two thousand nineteen...

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