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"Extract from Telegraph & Telephone Age"
of June 16th, 1923.
The estate of George Gray Ward, former vice-president and general
Manager of the Commercial Cable Company, Mew York, was appraised at
$562,323 gross, and $538,834 net, in a report in transfer tax proceedings
filed on May 28th, by the Tax Commission.
Securities, forming the bulk of the Estate, were valued at $478,679
Preferred stock of the Mackay Company which he owned was appraised
at $66,250 and his common stock of the same company, $9,700.
He owned stock in the All America Cables worth $16,837, and bonds
in the Commercial Cable Company, appraised at $3,637.
When he died June 15, 1922, Mr Ward was vice-president and general
manager of the Commercial Cable Company, general manager of the Commercial
Pacific Cable Company, and president of the United States and Haiti
Telegraph and Cable Company.
Mrs Flaurence Oliphant Hough, a daughter, received Mr Ward's home
at 51 West Fifty-third Street, New York, a specific legacy of $5,000
and one-third the residuary estate. The remaining two-thirds went to
two sons, George Gray Ward, 48 East Fifty-second Street, and Sidney
Freeman Ward of White Plaine.
The Church of the Heavenly Rest, Fifth Avenue and Forty-fifth Street
New York, of which Mr Ward was a vestryman for many years, received
$1,000.
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