The Greeley tribune., 1909-01-06
AGENTS SETTLED
GREGORY'S DEAL
MIR. RYDEN Is ALSO SATISFIED
Ryden Gets His Two Houses Rack.
Gregory Gets 94,2OO.

Ryden Gets His Two Houses Rack.
Gregory Gets s4,2OO.
1t looks as though Houtchens =
Drumm and Mr.. Hodgell had come
to the conclusion that discretion II
the better part of valor. and SO far -
they are able will make restitution
for any wrong committed. whether
intentional or through ignorance and
neglect. The warrants have not been
served. as it is said they have not
been properly drawn, and before
there is any criminal action taken
the new district attorney, George
Carlson, will be sure that he has
case, as the expense to the county
would be a burden unless he was
sure of conviction.
c. j. Ryden, who made trade
with Houtchens & Drumm about .
year ago, by which the agents OBJ
tanned the two houses at Fourteenth ,
avenue and Sixth street, in which
they live at present, fixed up a deal
last night with the agents by which
he got back his two houses and 10
now satisfied with his bargain, al
though it will cost him some seven
or eight hundred dollars for his ex-
perience.
About a year ago Houtchens 4
Drumm gave Ryden the Harris note
for $500, which was secured By
a mortgage on the fifty-three acres
of stumps in Michigan for Ryden's
equity, which Hyden valued at the
same amount. Upon investigation
Ryden found that the note was prac-
tically worthless and took it back to
the agents. After some tears, suas-
ion and possibly threats, the agents
. took back the Harris note for $3,500
J., and gave Ryden for it an equity OF
$l,70O in Greeley property. The
$1,70O was better than worthless
:, note for $500 30 hyden took it.
Since then Ryden has placed his case
:, in the hands Of an attorney and last
!. night new deal was completed. tn.
!. agents gave the two houses back "a
70 70 Ryden. ftine was in the name of
Drumm and the other in the name .i
:. Mrs. Houtchens. Ryden returned
~ the agents the $l.7OO equity and
;. gave them $500 to boot. The $500
represents Ryden's total loss. to-
gether with the rent of the two
houses in which the agents have been
=, living for about a year
- After the harris note mad been
given back to the agents they made
e a deal with Gregory. through Hods-
ell. who was a member of the Gree
ley Land company. AS stated in yes
:. terday's Tribune. George Gregory is
a farmer. who at that time owned Z
$4,000 equity in farm near La
, Sale For this equity they traded
>, Gregory the Harris note for $500
:. worth $1,000 and two cheap lots in
Greeley Gregory gave Hodgell his
Z. note for 500 to pay HodgelPs COM
mission When the notes came due
:, Gregory had no money to pay the
500. so he gave Hodgell the two
:, lots in payment, SO that all he got
for his farm was a high-priced mule
and sort of Pixies peak in Mich
igan, from which it would take the
price of another farm to clear the
stumps.
But of course the boys might not
have seen that stump farm and did
not intend to cheat Gregory, SO they
made a complete restitution last
evening. They gave Gregory the
$500 which they received few min
utes before from Ryden. and HOdgell
gave Gregory mortgage for $1,000
on a 100000 property at Lyons. For
the balance of their share, it is un-
derstood that the agents gave Hodg-
ell the $1.700 equity which was re-
turned to them by Ryden.
1t appears that Gregory has re-
ceived some $4,000 to square his deal
but 1t is not just certain what dis
position is to be made of the mule.
1t is probable that only a lawyer
or real estate man can keep pace
with the account of these transac-
tions. The Gregory farm near La
Sale was later traded to Mr.. Thorell.
who used to be in the shoe business
here With the exception of the Jes-
sup DEAL the coast looks clear at the
present time for Houtchens &
Drumm. That is civil suit which
is being prosecuted by Attorney Van
Horn. and If the agents can "be
shown" it is likely that settlement
will be made In making settle