The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1916-08-24
PINE NEW WORKERS
IN VERMONT CASE
Two Men Also Pay sum Of Money to
Paul Goebel in Real Estate Deal

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4 criminal action brought some
tine ago by the State Of Vermont VS..
81 suskind and Otto Trieb, Of New
York City, has been settled in the
Bennington county court here, Judge
Frank l.. Fish, Of Nergcnnos, prcsid-
ing. with the New Workers pleading
nolo coutcndere and paying fine OF
5000 each, together with a sum Of
money to Paul Gobol, who, because Of
alleged Misrepresentation, came out
second best in q real estate deal
State Commissioner Of Agriculture,
Elbert s. Brigham, Of st. Adams, has
followed this case to its successful
conclusion since il was first reported
20 him by the late Bishop William F.
Weeks in the spring Of 1919. An in
die,ment against Suskind and Trieb
was found by the grand jury Of Ben
nington county in June, 1914, but the
laws delays have prevented a settle
ment up to this time.
Explaining why he has been so in
tcrcgtod in the case Commissioner
Brigham said, Il have followed this
matter because the state needs good
thrifty people TO come and purchase
its farms and is interested that they
be- not exploited but be given a square
deal 40 that they will have a chance to
succeed and become good and prosper
ous citizens. In order to put a stop to
this sort Of real estate transaction the
matter was followed up"
Had the case gone to trial the state
felt confident that it would prove that
Goebel was induced through misrep-
rescntation by NJ. Suskird & Co..
real estate firm Of New York, to buy
the Clark Hamilton farm in Sandgate
for $1,000, it being represented 10
Gocbel in the correspondence that the
farm was a bargain at this price, not
alone as a farming proposition but
also because it contained slate mine
which was very valuable.
An option had been secured on the
farm by the real estate firm for 81 ,1oO.
The firm entered into contract with
Goebel to give him the deed OF the
farm, together with certain live STOCK
tools, etc, upon the payment OF sl,ooo.
Goebel agreed to pay the balance OF
81 700 in one mortgage on the farm
premises, payable annually at the rate
OF 500 and bearing interest at five per
cent. When the transfer OF the farm
was made to Goebel he gave mort
cages on the real estate for Sl'3oo,
payable 500 annually plus interest,
and also gave a conditional contract TO
nav $3.50 with interest in one year
giving the live stock, tools, etc. as
security A reduction in price had
been made because some of the 1--we
stock had been disposed of.
Under this arrangement, at the end
cf the year Goebel found himself
obliged to pay not only the 500 Plus
interest as he had contracted, but ne
bad also to meet the payment OF sZoo
on livestock, tools, etc, making
total Of $3.50 and interest, which he
could not meet. The mortgage on the
livestock was foreclosed. Goebel hav-
ing nothing with which to conduct
operations, was forced to abandon the
farm.
The farm did not have slate
mine. Moreover, it contained a very
small acreage Of tillable land, not over
20 acres, which was very stony and
difficult TO farm at best. Some COM
petent men in the vicinity who have
knowledge of real estate values in that
section place the value OF the farm at
not to exceed 81 200 II the deal had
gone through as first planned the real
estate firm would have made proht
Of 81 900 in this transaction.