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HOLYOKE POWER CO. v. AMERICAN WRITING PAPER CO

No. 180.

300 U.S. 324 (1937)

57 S.Ct. 485

81 L.Ed. 678

HOLYOKE WATER POWER CO. v. AMERICAN WRITING PAPER CO.

Supreme Court of United States.

Decided March 1, 1937.

Attorney(s) appearing for the Case

Mr. Bentley Wirt Warren, with whom Messrs. Nathan P. Avery, James M. Healy, and Donald C. Starr were on the brief, for petitioner.

Mr. Charles P. Curtis, Jr., with whom Messrs. John L. Hall, Claude R. Branch, and Russell L. Davenport were on the brief, for respondent.

Solicitor General Reed, with whom Attorney General Cummings and Messrs, Paul A. Freund, Herman Oliphant, Clarence V. Opper, Bernard Bernstein, and Charles W. Boand were on the brief, for the United States, as amicus curiae, by special leave of Court.

MR. JUSTICE CARDOZO delivered the opinion of the Court.

The controversy is one as to the number of dollars in present currency that will discharge a covenant for rent in leases antedating the reduction of the gold content of the dollar, the covenant being phrased in the manner hereinafter stated.

At various times between 1881 and 1897 thirteen leases were executed by the Holyoke Water Company, the petitioner, to the American Writing Paper Company, Inc., the...

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