Lochwitz v. Pine Tree Mining & Milling Co.

Tbe appellants brought this action against the respondent, a corporation, to recover damages for an alleged breach of contract. In February, 1907, appellants and respondent entered into a contract whereby it was agreed that appellants ’should take possession of respondent’s mine and develop certain specified portions thereof by working a certain number of men for a specified time. ■ For all ores mined and sold appellants were to allow respondent a certain per cent., denominated “royalty.” As a part of the foregoing agreement, appellants were also given an option to purchase respondent’s mine…