Jasper County Democrat, Volume 12, Number 70, Rensselaer, Jasper County, 15 December 1909 — SELLS PART OF ARKANSAS LAND. [ARTICLE]

SELLS PART OF ARKANSAS LAND.

Parker Bank Trustee Gets 018,000 For 1,000 Acre* of This Part of Bank Estate.

We are told that the trustee of the Parker Bank at Remington, W. H. Cheadle, has disposed of 1,000 acres of the Arkansas lands owned by Mr. Parker at the time his bank went, to the wall, for sls per acre, or $15,000 for the 1,000 acres. The land sold had been leased to some parties who put a part of it out to rice the past season, and they had a fine crop, yielding 60 bushels to the acre. This tract comes up to the corporation line of a little settlement called Waldenburg, we understand, and is probably more valuable than the remaining 1,800 acres of the land owned by the estate at or near that place. The entire 2,800 acres was appraised at $2.50 per acre by the bank estate appraisers. Mr. Parker bought these lands at $1.75 per acre some ten or fifteen years ago, we are told, and inside of sixty days sold the best of the timber from it at $3 per acre, so this part of his investments must have been very good indeed. If the rest of these lands can be disposed of at as an advantageous a figure as this I, acres it will mean considerable to the bank creditors, who have got but little so far and have had mighty poor prospects of ever getting very much more. They will wish that all the assets had been in property that turned out as well.