Chanute Window Glass Co. v. Pierce

The district court properly construed the written instruments which state the engagements of the parties. • The defendant desired to develop' the gas resources of his land and the plaintiff loaned him money to do so, agreeing to accept payment in gas. But the defendant agreed to prosecute development work by drilling additional wells whenever the requirements of the plaintiff demanded. The requirements of the plaintiff demanded additional wells, the defendant failed to drill them, gas was not produced and sold according to the contract, and the note ma*549tured under the provisions of the…