Evening Republican, Volume 23, Number 194, Rensselaer, Jasper County, 12 August 1920 — NEW PRICE RECORD FOR NEWTON COUNTY LAND [ARTICLE]

NEW PRICE RECORD FOR NEWTON COUNTY LAND

A new record in the price of Newton county land was established last week, of which the Brook Reporter has the following account. Last week saw the old record* smashed for land values in this section, when the quarter section on which Isaah Gerrich lives sold to a Newton county man for S4OO per acre. Wm. Unger of near Kentland was the purchaser. Of course the wise men are saying this is too high to make money on, but we must remember that land, no better than ours, sold at S3OO and more long before the.war. Our land and country is comparatively new, and little of it has changed hands, and the mqn who bought it had several years’ woA in paying for it. Corn during this i time had filially reached the price of 50 to 60 cents per bushel and yet our land was selling from $l5O to S2OO per acre. We have always contended' that this land was selling below its value.