Rufus Wheeler Peckham, Pullman's Company v. Central Transportation Company…
“ Now, upon what principle can it be urged that the lessee should compensate the lessor for the value of these contracts when delivered to it, when it had paid for the use, and the property was of such a nature that it became valueless by mere limitation of time? In 1885 they had gone out of existence, and, of course, had no value. The basis for a recovery of property or compensation for its value, in cases of illegal agreements, rests upon the implied contract to return it or pay for it, because there is no right in the party in possession to retain it. ”
