Evening Republican, Volume 59, Number 105, Rensselaer, Jasper County, 24 May 1917 — MARION TOWNSHIP FARM BRINGS $43,461.75 [ARTICLE]

MARION TOWNSHIP FARM BRINGS $43,461.75

President of the Lafayette Loan and Trust Company Bids $125.25 Per Acre.

C. H. Tryon sold his 347 acre Marion township farm Wednesday afternoon to Walter J. Ball, of Lafayette, at $125.50 per acre. Col. Fred A. Phillips was the auctioneer. The first bid received was SIOO per acne. E. L. Hollingsworth offered sllO. John Taylor of Remington bid sll7. Henry Amsler, who had opened the bidding, offered $125. The farm was knocked off by Auctioneer Phillips to Walter J. Ball tat $125.50 per acre. ----- By many this is considered a splendid price for the farm, which is a miighty good one. Mr. Trvon would not have let it sell at less than $125. The sale of this farm proves the value of an investment in Jasper co\ nty land. Mr. Tryon bought this farm in 1900 at $56 per acre. He lues enjoyed a good income off of it each year and this sale makes him a net profit of the neat sum of $24X129.75. Mr. and Mrs. Tryon will leave Rensselaer in a short time for New York, where they have some inyest-_ mehts. It is understood that they are thinking strongly of investing the money they received from this farm in government bonds. The terms of the sale were onefourth cash, one-fourth in one year and the balance in fivd years. Mr. Ball represented that he was buying the farm for Dr. Richard B. Wetherell, of Lafayette, but that he had exceeded the maximum price offered bv the doctor and that he possibly would nave to hold the farm himself. Dr. Wetherell owns about 380 acres of land in Hanging Grove township, which lies very close to the Tryon farm. Another advantage is owning real estate is the fact that this farm which sold at $43,461.75 is valued for a basis of taxation at only $15,760, and the basis on this farm is about the same as all farms of the county.