Case ID: us-ct-cl_58/html/0711-01.html
Source: Caselaw Access Project
Author: {"author": "Mr. Justice Butler", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

L. VOGELSTEIN & CO., INC., v. THE UNITED STATES.
    [56 C. Cls. 362 ; 262 U.S. 337.]
    Judgment was rendered in favor of the United States in the court below. On appeal the judgment was affirmed, and the Supreme Court decided:
    Just compensation for copper taken by the United States for war purposes under the Act of June 3, 1916, c. 134, secs. 120, 123, 39 Stat. 215, is to be measured by the market value of the copper at the time of the taking, and not by higher prices which the owner was obliged to pay under long time purchase contracts.
   Mr. Justice Butler

delivered the opinion of the Supreme Court May 21,1923.