Jasper County Democrat, Volume 14, Number 52, Rensselaer, Jasper County, 4 October 1911 — Dr. Kresler Buys Farm for $11,1.50 Per Acre. [ARTICLE]

Dr. Kresler Buys Farm for $11,1.50 Per Acre.

The former B. O. Gardner farm of 142J4 acres, on the Pleasant Ridge road 3 miles east of town, was sold at public auction Monday afternoon and brought $111.50 per aerie, x Dr. A. R. Kresler of Rensselaer being the purchaser. L , There were several bidders on " hand at the~ beginning, but Kresler, B. F. Fendig, the druggist, and a Mr. Poicel of Illinois were the principal bidders. Ben dropped out at $lO7, but Poicel run it up to $11.25, and Dr. Kresler raised this 25 cents per acre and Poicel refused to raise him. This farm lies splendidly and with a little more tiling and improvements made to the buildings will easily be worth $l5O per acre, the way other lands are selling hereabouts. The farm was owned by .a Chicago man, and has a $6,000 mortgage upon it. The auctioneers were Carey M. Jones of Chicago and Phillips and Culp of Rensselaer.