Martin v. White

This action was brought to recover a balance of rent alleged to be due under a certain lease between the parties. Said lease was for a term of five years from August 11, 1885, at a rental of $300 per annum, payable at the rate of $25 each month in advance, and contained the following stipulation :

“ It is also further agreed that the party of the second part, if the mills of the Union Steel Company (formerly Union Iron & Steel Co.) resume operations to their full capacity during said term, under whatsoever management, he shall pay as rental the sum of $10 per month instead of $‘25, as above…