REINECKE v. SPALDING

No. 59.

280 U.S. 227 (1930)

REINECKE, COLLECTOR OF INTERNAL REVENUE, v. SPALDING.

Supreme Court of United States.

Decided January 6, 1930.


Attorney(s) appearing for the Case

Mr. Claude R. Branch, with whom Solicitor General Hughes, Assistant Attorney General Youngquist, and Messrs. Sewall Key and J. Louis Monarch, Special Assistants to the Attorney General, were on the brief, for petitioner.

Mr. John M. Zane, with whom Mr. Henry A. Gardner was on the brief, for respondent.


MR. JUSTICE McREYNOLDS delivered the opinion of the Court.

The respondent owns a one-sixth interest in several leases executed 1901, 1902, 1903, and 1905, which authorize the lessee to take iron ore from certain Minnesota lands for twenty-five, forty-five and fifty years from their respective dates. These leases require payments quarterly of 25 cents royalty per ton upon all ore extracted; provide for minimum annual production and termination under specified circumstances...

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