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Story
November 26, 1932
Montana Oil And Mining Journal
Great Falls, Billings, Cascade County, Yellowstone County, Montana
What is this article about?
Lumberman J.P. Weyerhaeuser filed a $20,000 lawsuit in U.S. court in Idaho against T.P. and Marjorie Jones over unpaid profits from a 1928 Montana oil lease he partially funded; only partial repayment made after lease sale.
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WEYERHAEUSER
IN COURT TO
GET PROFITS
Idaho
Nov.
26.—J.
P.
Weyerhaeuser, lumberman, filed suit in United States court here Thursday of last week against T. P. Jones and Marjorie Jones, operating the Jones Oil Company of Montana, for $20,000 as Weyerhaeuser's share of a Montana oil venture started in 1928.
The complaint alleged the lumberman and Mr. and Mrs. Jones had entered a joint agreement to operate an oil and gas lease for which Weyerhaeuser put up $12,000 in cash on August 22, 1928.
The money was to be repaid, it was alleged, on or before August 22, 1930. To secure the loan, Weyerhaeuser said he was to receive an assignment for half of the lease. On November 17, 1928, he said Jones sold the lease to an eastern company for $57,000.
Only $5000 of the loan was paid back. Weyerhaeuser said his interest in the property was worth $20,000 including royalties, and asked judgment for that amount.
IN COURT TO
GET PROFITS
Idaho
Nov.
26.—J.
P.
Weyerhaeuser, lumberman, filed suit in United States court here Thursday of last week against T. P. Jones and Marjorie Jones, operating the Jones Oil Company of Montana, for $20,000 as Weyerhaeuser's share of a Montana oil venture started in 1928.
The complaint alleged the lumberman and Mr. and Mrs. Jones had entered a joint agreement to operate an oil and gas lease for which Weyerhaeuser put up $12,000 in cash on August 22, 1928.
The money was to be repaid, it was alleged, on or before August 22, 1930. To secure the loan, Weyerhaeuser said he was to receive an assignment for half of the lease. On November 17, 1928, he said Jones sold the lease to an eastern company for $57,000.
Only $5000 of the loan was paid back. Weyerhaeuser said his interest in the property was worth $20,000 including royalties, and asked judgment for that amount.
What sub-type of article is it?
Crime Story
Historical Event
What themes does it cover?
Justice
Deception
What keywords are associated?
Lawsuit
Oil Venture
Breach Of Agreement
Weyerhaeuser
Jones Oil Company
What entities or persons were involved?
J. P. Weyerhaeuser
T. P. Jones
Marjorie Jones
Where did it happen?
Idaho; Montana
Story Details
Key Persons
J. P. Weyerhaeuser
T. P. Jones
Marjorie Jones
Location
Idaho; Montana
Event Date
1928
Story Details
J. P. Weyerhaeuser sued T. P. Jones and Marjorie Jones for $20,000, his share of profits from a 1928 Montana oil venture where he invested $12,000. The lease was sold for $57,000, but only $5,000 was repaid.