Atterbury v. Trustees of Columbia College

This is one of thirty-one suits tried together, and is brought to set aside an appraisal of the “ full and fair value ” of a lot of land in the city of Hew York, and of the “ reasonable yearly ground rent for said lot of ground for the succeeding terms of twenty-one years.” Pursuant to the terms of the lease, the lessor and lessee named arbitrators, who, being unable to agree, selected a third arbitrator, the parties having previously waived the requirement that the third arbitrator should be a freeholder. The award subsequently made by the third arbitrator and the defendants’ arbitrator is…