Ogden Evening Standard | 1912-01-18 | Page 6 | Decision in Big Mining Suit

DECISION IN BIG MINING SUIT By a decision rendered in the federal fed-eral court of Idaho yesterday Josonh H. Caine, secretary of tho Salt Lako Commercial club, loses his famous suit aaslnst Hugh C, Wood of Ogdcn and Prank Ilagcnbarth for $100,000 and Interest on an option contract in volvlng mining property- in Nevada, valued at about $1,000,000. Under the decision handod down by Judgo Deit-rlch, Deit-rlch, .Mr Caine Is entitled to recover nothing from Hagenbarth and Wood. Thi6 brings to a close ono of the noted mining enscs of Utah and Idaho. Ida-ho. It wag brought through tho courts of this state to a dismissal, then reopened re-opened by suit filed, direct In the federal fed-eral court for tho district of Idaho. The case was trld and argued before be-fore the Idaho court last October. The cas-o Is ono In which Caine secured se-cured nn option on the famous Lud-wig Lud-wig mine In N'ovada and entered Into contract with Hagenbarth and Wood to transfer Uie option to him. Hagenbarth and Wood paid $15,000 on tho option and $190,00) was to be paid lator , Before payment, however, how-ever, the option was declared off y tho original grantors. Hagenbarth and Wood then refused to pay the balance on the contract and suit was brought to collect oc