Jasper County Democrat, Volume 11, Number 66, Rensselaer, Jasper County, 20 January 1909 — Page 1 Advertisements Column 1 [ADVERTISEMENT]

ARKANSAS LAND SOLD. Real Estate, That Wrecked Three Ranks Now Disposed of. Judge Lairy and Receiver Elliot came over from Logansport Tues* to enter up gn order for the sale of the Arkansas timber land that busted up the Fowler, Ooodland and Ambia banks. The receivers have made a contract to sell the land to Dr. A. E. Prince of Springfield, 111., for the sum of *75,477.37. Prince will pay $25,000 in cash which will be used to pay off W. S. VanNatta’s mortgage of *21,048.00 and interest first, and will not leave much for the depositors. The *50,477.37, Prince pays by giving a mortgage to secure notes due within two years. The railroad, saw-mill, etc., is not sold in this, and the bank receivers have two years in which to remove them from the property. Barney A Hines, of Memphis, Tenn., who made the sale, get a commission of *5,000, payable out of the proceeds of the notes. Elliott, we understand, went to Arkansas this week to close the. matter up. When it is considered how many receivers and clerks are drawing fees out of these assets, it is evident that unless the Baldwin estate proves to be of unexpected proportions elsewhere, there is little hope of the depositors getting their money in, full. The total net returns from this land will not begin to pay the Goodland bank notes out in full even, and the numerous receivers and attorneys will get about as much as the depositors, in the end. —Benton Review. *.v Litchfield Wagon Box Spreader at Mainee A Hamilton’s at *62. This is the best Wdion Box Spreader on the market and our price is better than any catalogue house. I " 7 • Are yew reading “The Round -Up T”