The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1853-09-14

Excess of ed sale over ap-
praisement, ss3, 80
The first sale was upon the following
terms, to-wit: One fourth cash, in hand,
and the balance in three equal annual in
stalments, with interest. The hand mon
ey was paid by the purchasers, and their
notes executed for the deferred payments,
and the Commissioner title bonds given,
calling for deed upon the payment of
the notes. The notes were all due and
unpaid at the time of the End sale, in
June, 1852. The original purchasers held
the Commissioner title bonds for deeds,
but had gone to parts unknown without
leaving property that could be charged
with the payment of their notes, save their
equity in the lots they had SO purchased.
To enforce collection of these notes,
suits in chancery would be required a
gainst each purchaser to charge his equity
In the lot To have prosecuted sig snits
in chancery the lawyer would have char
ged, perhaps hundred dollars, which the
Commissioners would of course have to
pay. The costs of the suits and expen-
ses of a forced sale of the lots, would be
SO great, that the Commissioners were of
the opinion the lots would not pay the
notes; and, and should they per chance
sell for more than enough to pay the costs
and notes, the excess would, in equity,
have to be paid to the original purchasers
SO that the Commissioners would in any
event, get only the amount of the unpaid
purchase money, and would, in fact, ac-
tually loose the amount paid to the attor-
ney for prosecuting the suits.
To avoid any further costs or trouble in
the collection of these notes the commits
sioners proposed to transfer the notes, and
their legal title to the lots, to any person
who would cash the amount of the notes
at par, but they found no one who would
accept of this proposition. The Commis-
sioners then adjudged it best to enter up
an order declaring the original contracts
forfeited and directing the lots to be sew
erelly sold for the amount due on each,
to any person who might apply to the Au
ditor for the same, and make cash pay
ment in full therefor. These orders were
accordingly entered up on Friday of their
regular session, in June, during the ordi-
nary business hours of the day Two of
the lots were sold on the day the order
was made, and the others on the next day,
two of which, however, were not sold un
til after the Commissioners had adjourned
which was about two O'Clock, P. NJ, on
Saturday. The deeds for those last sold
lots, have since been made by the present
Board of Commissioners. By this ar
rangement the notes were cashed without
one cent Of cost to the county. In all,
there were about six hundred notes taken
for the county lots sold, amounting to
near ten thousand dollars, all of which
have been collected without subjecting the
county to the payment of one dollar for
costs of suits and without one dollar of
cost on the notes. The actual cost of the
collection and disbursement of this entire
fund has been only about q per cent
Only one half of what the county treas
urer would have been entitled to claim,
had these moneys been permitted to pass
through his hands.
Hoping this statement will be satisfac
tory to those who have requested you to
obtain the same
remain very respectfully,
Your obeient servant,
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