The New York herald., 1873-08-31
NEW HERALD SUNDAY 187s-QUADRUPLE

cure Cromwell the first mortgage, to release,
ana yet they omitted TO express TINS very mpU1 or
duced this lady to sign.
Again, the 'memorandumn says nothing about
$4,000 OF the Cromwell $780, COO mortgage falling
due soon as April, 1878. This, in the eyes OF a
straight business man Is dishonorabe; In fact IL ii
a fraudulent omission. contract should be plain
and real estate contract so vitality deficient, is
plain swlndle for on the face 1t would appear tha
the total $4,000 mortgage falls due at one and the
be plainly expressed. Mrs. Langdon is reported TO
have said that she was not told Of this 900 being
due SO soon until alter her signing the ''memoran,
dum." It seems reasonable to believe
sion above referred to IN the 'memoran.
II Mrs. Langdon needed money to prepare the
"Beuah" property for transfer, and only receiving
all told the sum OF 900, that she should be made
Sea Cliff mortgage. practical business mans
conclusions would therefore be that these men
until after the signing OF the memorandum" II q
merchant agreed TO buy q lot or merchandise upon
on Goods d that soe iTl
i've per cent OF the price was due and must be paid
as having been advanced upon the same, he would
unhesitatingly say that his agreement did not 80
specify, and that the sale was fraud.
Again, 1t appears that the price OF this sixtyhve
acre. From the various statements a. published in
connection with this matter 1t appears that Mrs.
Langdon was talked into this price IRON the state
$500 to $500 each, considerably more than 400
per acre. and that, therefore, this price was cheap.
man may be induced to listen to statement alter
statement and by setting forth this and smoothing
over the rough points OF that project, and with,
holding others altogether, they finally leave good
impression upon her mind. And nothing IN
real real estate Is so decelving as real value;
to e sell; % 0"n neiphbor owns Ws'c ne nuHares Mass
adjoining, and the latter, being largely interested,
induces the small owner. owner to ask alarge price The
hlgn rate, and the report makes this the estab-
lished value. The uninitated are deceived. 1t
appears, too, that the Sea Clin Company had paid
but $3.50 per acre quite recently and they had been
forced into paying this high price TO prevent It's
being turned into race course" which would
materially have tnterfered with their speculation
as . scamp meeting grOund.n At these figures,
$3.50 per acre as purchase price and the modest
as @
OF $53,00O-not bad bargain In dun times, and
that, too, obtained from a woman, and, as Is easily
their profits was in the shape Of this second mort
gage, to be given back by Mrs. Langdon upon their
M It is @ fact however that there is plenty OF ad
joining land quite as well situated as the Cromwell
tract the situation OF which is familiar to the wr
ter which can be bought at from 5000 to $3.50 per
acre. or about one-seveuth OF the price wrung from
Mrs. Langdon in the memorandum - and that this
same Sea Cliff Association have actually, since last
winter, purchased some 200 acres at such q price.
A clear and right-minded business man can see in
such memorandum" nothing but undue and de.
upon the mind Of an unsuspecting and impress
plain fact Of these men exactins $4,000 for for
wna nos oss Sss' sas aS probably csSnos wS1a
be said that their bad bargain would
make the land worth what they gave, for in reality
they were forced into paying an extraordinary
price to save their other property from deprecia-
tion, or, possibly, annihilation. plain business
man will always denominate as an absolute swim
die the obtaining of sevenfold price for any ythng.
He needs no acquaintance with other details, lor
such fact speaks louder than q thousand denials
or o thousand hypothesis.
tions from little study OF the ''memorandum'-:
the only written and therefore tangible portion Of
this story. Considered In the abstract, an un-
biassed and disnterested party would think that
engaged In religious enterprise whose minds
were no further advanced in the principles OF
conscientiousness than that they should fasten so
outrageous an incubus as this memorandum"
upon the possessions Of one whom they constantly
called 'sister." They, it seems were willing to
take from Mrs. LangdOn her entire "Beulah" prop
erty and compel her to make for them in addition,
some $33000 to be paid over to them as fast as re-
ceived, besides causing her to break up her Beulah
enterprise, and losing thereby, not only much
ready cash III repayments to Bueah purchasers,
but likewise the time for doing much good work
already in progress. OfcOurse these seem to be only
natural nerences from the lacts subscribed to
the ''memOrandum," !" and whatever may have been
the character OF the numerous interviews which
contamination of this business no arguments
seem to be necessary and no array OF figures
needed to prove aught else than that o party OF
schemers-''sharpers," In TACT, as real estate men
call such--insidiOusy laid plan, under q religious
garb, to enrich themselves at the expense OF o
frank, cOnnding and working Christian woman II
their condemnation ef such behavior as to bring
moral punishment upon the members who engage
I'm IL proper lesson might save the Church much
BUSINESS MAN.