Goodin & Barney Coal Co. v. Southern Elkhorn Coal Co.

Opinion of the Court by

Commissioner Hobson — ■

Affirming in part and reversing in part.

The Goodin & Barney Coal Company was organized in 1917, and owned a coal lease at Garrett, Ky. On May 1, 1920, it bought from the Beaver Creek Consolidated Coal Company a lease on about 700 acres of land at Boscoe, Floyd county, Ky. It then began mining operations on the lease at Garrett and also on the lease at Boscoe and continued producing coal until April 29, 1922, when it sold its mining plant, leasehold, equipment, and lands to the Southern Elkhorn Coal Company and conveyed same to it in consideration…