Evening Republican, Volume 17, Number 210, Rensselaer, Jasper County, 3 September 1913 — Sold Walnut Timber on Preserve of B. J. Gifford. [ARTICLE]

Sold Walnut Timber on Preserve of B. J. Gifford.

Tom who was selected by Administrator Geo. H. Gifford, to sell 40 acres of walnut timber preserved by Ben j. J. Gifford, on 40 acres of land near Fisher, 111., made a sale of the timber Tuesday. B. D. McColly, of Rensselaer, and Chas. Zeigler, of Mulberry, accompanied him, and the latter arranged to purchase it as soon as the sale can be approved by the court. It is probable that there will be 93,000 of $4,000 worth of walnut timber on the 40 acres. Mr! Gifford sold this land for S2O an acre 22 years ago, reserving the tiihber for a term of fifty years. Recently Executor Gifford was told that the of reserve wohld expire this year and they made haste to negotiate a sale, but Mr. Callahan since looked up the lease and finds that It has 28 years yet to run. The land sold for so low & price 22 years ago. is now worth $250 an acre. The present owner will be pleased to have it cleared, as It earns him nothing as it now stands.