Mexico weekly ledger., 1878-08-22
REAL ESTATE.
AUDRAIN NEVER MORE PROSPEROUS,

SO much has been said about de-
preston Of the value of real estate by
Greenback orators, a portion of our
press, contemporary croakers and
grumblers, that we thought we would
examine and find out its condition.
When We call attention to any subject
we like to understand it, and when
We express opinions we desire to
speak by the card. We give below
the result of our Investigations in
which we were assisted by our well
posted and obliging recorder of land
titles. .fSEf 8ttfF
We find that no less than 24,694
acres of land have been sold in this
county since the 1st of January.
They brought S272, O42. so, which is
an average of $1l per. acre, of this
21,630 acres were disposed of at pri-
vate sale for $254,207.5 so, or an
average 6S11 3-4 per aere. Among
these we notice sales ranging from
$50 to So Der acre, at which latter
price two OF our most enterprising
citizens, Ntessrs. Baker and Tureman
acquired a tract. What was particu-
larry gratifying to US was that many OF
the purchases were of large tracts by
our citizens from non-residents for the
purpose of settlement and division.
Only 1904 acres were disposed of
at public auction. As this amount
Includes Sheriff and Administrators
sales under executions and partitions,
it is evident that the trustees sales
which it is claimed, ought to be ar
rested, have not been very damaging
to real estate in this county These
public sales realized SIT, S35. 90, or an
average of near Sc per acre, and We
have already noticed that they reduc-
t-H@ Hg@-@
ed the general average of the entire
s; les. only 70 cents per acre. We re-
greet that We had no means of ascer-
tanning how much Ct the above sale S
were effected by each of our enter
prising real estate agencies of Messrs.
j. Z. Clark & Son, &. w. Baker and
ID. Z. Shea, but if they will inform
us We will hereafter give them the
credit they respectively deserve.
We also interviewed our indefati-
gable auctioneer, Mr.. Rodman, who
probably knows as much, if not more
about forced sales and their effect than
anybody else. From him we learn
that sales OF this character this year
will not be as much as half of what
they were last. He also says that
last years were not half of, those of
previous one. He tells us that most
Of the encumbrances put Oh real estate
in this county during the past intla-
ton have been paid or fOreelosed and
enforced: In going through the re-
| cord we noticed a few of such leins
assumed by parties purchasing, but 1t
may be taken for granted that as to
them the interest has been regularly
paid, and the parties holding them
prefer that TO the principal.
From other parties we learn that
purchasers under deed oftfust usually
pay more than appears. A tract OF
land recently knocked down at 81
! per acre cost the purchaser G SIG.
lie had advanced that amount IN it
and the party he lent the money TO,
acted as If he had made a sale. He
paid neither interest nor taxes, but
gathered the crops and left for parts
unknown. Purchasers investigating
the condition of trusts have no desire
10 tLlSllu SilSo dllN Jun up RAiSSS W
benefit others, and it is fact, and not
that the lands would not bring more
at an unrestricted sale that INJURIES
sales at trust auctions. There is no
way to remedy this. To talk of stay
laws and valuation laws is ridiculous.
The latter are not needed, and the
former are unconstitutional.
Ifas we approach specie payment,
the screw should tighten SO as to JUS
tify interference by the State for the
protection of its citizens, which is not
anticipated, the next Legislature can-
not do better than initiate that of
1S43, which at that period of r~uinous
contraction furnished relief by alter
ing the terms and practice of circuit
and magistrate courts,
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rr.rDrn AFTNVEt RFS,S. AFIrISVNINTIt