Dorrell v. Norida Land & Timber Co.

In the spring of 1931, the Norida Land & Timber Company (hereinafter called the Company) purchased a complete sawmill plant, frame factory and planing-mill located at Dover, Idaho, about twelve miles from Laclede, Idaho. Dover was the headquarters of the Company, where it had about a hundred houses, as well as a boarding-house for employees, and operated a store. At the time of the purchase of the mill property the Company also purchased, for speculative purposes, certain lands located near Dover and Laclede.

Some of the land at or near Laclede had been used as a town site and lumber-yard, and…