Summary

Portrait of William Howard Taft William Howard Taft Interocean Oil Company v. United States…

In a conversation in April, 1918, Ross advised the officers of the company that the Quartermaster's Department was short of fuel oil and that there must be additional tankage, and that unless the tankage at Carteret was removed to Baltimore, the department would seize it and remove it itself as an exigency of war, but that, if the claimant was willing itself to transfer the tanks, it would be satisfactory to the department, and that all expense incurred and all losses sustained would be paid by the government.
Source: Wikisource

Portrait of William Howard Taft William Howard Taft Interocean Oil Company v. United States…

The claim made also included an item for the depreciation in the plant at Carteret of $220,000 and one for the loss of franchise to conduct business at Carteret and the profit on the probable sales of oil at Carteret for five years from April, 1918, to October, 1923, which was put at $2,300,000.
It is contended on behalf of the claimant that the government got the benefit of the contract made between Ross and it, that it had the right to rely on Ross' authority, and that performance of the contract saved the necessity of a written agreement as required by Rev. St. § 3744 (Comp. St. § 6895) .
Source: Wikisource

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