Johnson v. Ironside

This is an action for accounting of profits. In 1925 William Dooley, formerly a resident of Hastings, owned an oil and gas prospecting permit on 2,560 acres of land near Artesia, New Mexico, purchased from one Simmons. His brother, Andrew, residing in Hastings, visited him, and on his return home brought an offer from William to sell an undivided half interest in the permit for $8,400. Andrew interested plaintiffs and the other defendants in the matter, and they subscribed and paid the purchase price. Under direction of William Dooley, the assignment from Simmons was taken to defendants Cook…