Stevens v. Older & Chandler

On the twenty-third January, 1873, P. T. Barnum & Co., owners of a museum, menagerie and circus, then in Algiers, Louisiana, agreed to rent their show to Older & Chandler, giving to them the right to purchase the same, and Older & Chandler agreed to *635purchase it. The price of the show was fixed, at $50,000, and the rental thereof it was agreed should be seven per cent, per annum on that valuation, commencing from the first January, 1873, Barnum & Co. agreeing to assist Older & Chandler to equip and place the show on the road if necessary, and to advance them $5000 for that purpose.

All the…