Powers v. Walrath

This writ of error was sued out of this court to review a decree of the circuit court of Cook county dismissing a bill in chancery for want of equity.

The material facts alleged in the bill and not disputed are, that the plaintiffs in error became tenants of premises known as 420 Elmwood avenue, Wilmette, Cook county, June 1, 1919. The property was then owned by Henry Harfst, and the lease contained an option to plaintiffs in error to purchase the property within one year upon the payment of $9800 in cash and assuming a mortgage for $11,200 then on the premises, making the total consideration…