Jasper County Democrat, Volume 11, Number 58, Rensselaer, Jasper County, 23 December 1908 — THAT ARKANSAS LAND DEAL. [ARTICLE]

THAT ARKANSAS LAND DEAL.

The Developement of Which Wrecked the Baldwin & I)ague Banks. Fowler Leader: Grant Hall will go to Logansport Monday. The trade for the purchase of the Arkansas land is Btill on. About ten years ago a real estate dealer came to Fowler and sold to a Company composed of Daniel Baldwin, W. S. VanNatta and W. H.- Dague some seven or eight thousand acres of land at about seven dollars per acre. James Richey was given a working Interest. He did not manage things profitably, and after a time retired. Then after a year or so, W. S. Van Natta decided that* things had run along long enough and proposed to sell his Interest, which was one-half, or buy all and fixed the price he would give or take. Messrs Baldwin and Dague proposed to buy, and Mr. VanNatta was given a mortgage on the entire property. The deferred payments with interest now amount to about twenty-seven thousand dollars. And Mr. VanNatta has reached the age which he wantp his business affairs straightened. He will doubtless foreclose his mortgage as soon as he can get to it. The land in question has been deeded to the three banks, the Fowler bank being the largest owner. Purchasers want all of the land and not merely part of it and for that reason the receivers of the Goodland bank must co-operate with the receiver of the Fowler andQhmbia banks.