Rensselaer Semi-Weekly Republican, Volume 34, Number 24, Rensselaer, Jasper County, 22 November 1901 — Price of the Morris Ranch $400,000 [ARTICLE]

Price of the Morris Ranch $400,000

Regarding the reported sale of the Nelson Morris ranch to B. J. Gifford, we have information from a reliable source that negotiations for such a sale have been pending for some time but the deal has prob ably not yet been fully closed up. The negotiation has not been on the basis of 1283,000, as stated in the Chicago papers, but for $400,000, or about sl6 per acre. If Mr. Gifford has not already made the purchase he is very likely to do so soon. If he buys he will no doubt fully drain the tract and subdivide it into farms, the same as he has his other lands in this county.