Jasper County Democrat, Volume 7, Number 13, Rensselaer, Jasper County, 2 July 1904 — THE BOWEN MORTGAGES. [ARTICLE]

THE BOWEN MORTGAGES.

Carroll County Citizen; Some little excitement was created here on Friday afternoon of last week by the filing of injunction papers against A. T. Bowen to prevent him from further effort to collect his claim against the McCoys of the defunct bank at Rensselaer. Mr. Bowen has claims against the McCoys and Wm. A. Rinehart amounting, principal and interest, to $16,000. These are secured by a second mortgage on 1,700 acres of land in Jasper county, by a first mortgage on 27 acres of land on which the town of McCoysburg is located and by a second mortgage on the farm of 3,000 acres in Missouri owned by W. A. Rinehart. The Missouri farm is located similar and in many respects resembles Deer Creek prairie west of this city. It is rich bottom land, surrounded on three sides by the Clariton river and on the other side by hills. There is a railroad running through it and a station on the farm. Mr. Bowen returned from a visit to the farm Wednesday and while there made thorough inquiry asjto title, value, etc. The lowest estimated value is from S3O to SSO per acre. At the lowest valuation tne farm is worth $90,000. There is a mortgage of $50,000 on it ahead of the Bowen mortgage of $16,000, Mr. Bowen feels reasonably secure, although it may be necessary to pay the first mortgage on the 1,700 acre farm in Jasper county or the first mortgage on the Missouri farm.