The Oskaloosa herald., 1913-04-24
BIG EXCHANGE MADE
without Livery Traded for E. c.
Lambert Farm in Wapello Co.

Through the instrumentality of the
real estate trades firm of Dean d
Cation, charles l.. Dean and T. Cat
ton, one of the biggest deals made In
the city in years has been consummat-
ed, wherein the ownership and pro
prietorship of the Oskaloosa Livery
Company, w. J. without and son Har-
ry. passes to E. C. Lambert OF What
Cheer, and wherein Messrs. without
exchange their business holdings in
Oskaloosa for a farm of 224 acres, two
and a half miles southwest of the
town of Farson in the northeast cor
ner of Wapello county, about four
miles south of the town of Martins
burg and on the Milwaukee "cut off,
Chicago Kansas City line, ten miles
from Ottumwa and twelve from He'd
rick
One hundred thousand dollars is
the total consideration represented in
the big deal. The basis of the ex-
change was on property valuation
of fifty thousand dollars for the hold
ings of each party. The farm is
splendid place of acreage which went
in at a valuation of about $225.00 an
on the livery building, equipment and
business by the Willhoits. The Os-
kaloosa property includes the large
brick building, sixty by one hundred
and twenty feet, two full stories and
basement, located at the corner of
High avenue and Second street, to-
gether with all stock and vehicle
equipment, Office and building furns
ture and other property and the bust
ness as a going concern. The Will
hoits have been in possession of the
property for the period of five years,
purchasing a half interes of George
A. Morrow, August 16, 1908, and the
entire property October l, the same
year They have been active, enter
prising business people and the pass
ing of the name of Willhoit from Os-
kaloosa's business circles will be not
ed with regret.
The big business deal was brought
about through the wish of both parties
to dispose of holdings. Messrs. Will
holt retained Messrs. Dean & Cation
to find buyer for their place. Mr.
Lambert, who was also looking for
purchaser for his farm, placed the
matter in the hands of the Dean &
Cation agency. These two proper
ties were upon equality as to basis of
valuation and Messrs Dean & Cat
ton suggested to their clients that
they get together and make trade.
Negotiations were opened between
the two with the result that the prop
critics were exchanged on basis sat
iSfactory to the owners,
Mr.. Lambert is a we'll known bust
ness man of What Cheer and Barnes
City at both of which places he is
now interested in m rcantile proper
ties and business. He is also expert
|enced in the livery business and is
perfectly at home in the management
of such property 1t Is likely that
the burden of the local management,
been engaged with his father in bust
ness enterprises. Possession of the
property will be given Immediately
Harry Willhoit, who has been en-
gagged personally in the management
of the local property, will take
somewhat extended rest for the pres
ent and has not made a choice of flu
ture avenues of employment. He
may take a somewhat extended trip,
visiting various parts of the country.
The young man has made hosts of
friends in his management of the
business and all are 10th to part with
him. He has come to be one of the
best known and best liked young men
about town. He has been popular So
|cially as well as in "a business way
and he will be missed w. J. Will
holt has other interests that will re-
quire his attention and occupy his full
time. For the time being, the Will
hoits will be at home at their resi-.
dence place northeast of town on the