Jasper County Democrat, Volume 22, Number 35, Rensselaer, Jasper County, 30 July 1919 — SENSATIONAL SUIT COMING [ARTICLE]

SENSATIONAL SUIT COMING

Complaint to Be Filed This Week to Set Aside Land Deal. The Democrat is informed that a suit will probably be filed in the Jasper circuit court this week of a sensational character, growing out of the sale of a tract of Texas land some time ago to a Rensselaer party. As near as The Democrat is able to learn at this writing the party here entered into a contract for a tract of land and' agreed to pay something like $24,500 for same. One hundred dollars was paid in cash and notes given—as the purchaser thinks, for $12,500, but from later developments it was probable for the full amount. An effort was made, it is said, to dispose of the notes to the amount of $12,500 to local banks, but success, as the banks thought there might be some trouble over them. Then a bank in a neighboring town was approached in the matter and, through the influence of a prominent stockholder, it is said, the bank was induced to purchase the notes, together with same SB,000 of other notes given for balance on purchase money for land in the same locality, making $20,000 in all. The purchaser got cold feet some time after entering into the deal and now refuses to pay the notps but, instead, seeks to have them declared void by this suit, The Democrat? is informed. The suit, it is said, will charge conspiracy to defraud and will make several prominent Jasper county people party defendants.