Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1917-10-25
SATISFIES JUDGMENTS AFTER
SECURING VERDICT IN SUIT
BROUGHT BY NELSON.
SECURES "sTRATHMoRE"
ON PAYMENT OF s75,s4o
Property Passes Into Hands Of r. +.
Graeber, Of Minneapolis. and Mundy
& Seott-Claims Of J. D. Newcomer
Company, Of Eldora, and Court Costs
Are Paid-Ends Long Fight.

Another chapter in the history OF the
numerous transactions involving
"Strathmore," once the estate OF Gov
ernor S. B. Packard, and for several
years the home OF Peter Nelson was
closed Wednesday afternoon when the
suit OF Nelson aaginst r. F. Graeber OF
Minneapolis and Mundy & Scott was
heard in district court and decided in
favor of the defendants thus clearing
the way for the redemption Of the land
from sheriff-s sale, and terminathS
with the transfer of the fine 123-arre
farm west OF the city to Graeoer ana
Mundy & Scott. This chapter brings
to a close Nelson's long struggle to re-
tain possession OF the farm. which has
extended over seven or eight years and
has involved several legal actions and
two sales 10 satisfy mortgages.
The suit OF Nelson against Graerer
and Mundy & Scott was heard Wed
nesday in order 10 get the case OUT
Of the way TO make the redemption or
the land possible before midnight, the
expiration OF the year following the
saerifs sale in which the land might
be redeemed. Following the disposal
of the case al o'clock in the AFTER
noon. Graeber paid off the mortgages
held by the ]. D. Newcomer Company,
Of Eldora. and court costs, the total
amounting to SIS, $40.
Farm Sold at SherifFs Sale.
"St-athmore' was sold at sheriff $
sale. Oct. -, 1916 to satisfy mortgages
held by the Aetna Life Insurance
Company. of Hartford. Cam, the pro-
perty being bid in BY the Aetna Com
pelny for $50. 2C003, the amount of the
yompany's claim with interest and cost
OF proceedings.
on May. Is. 1917. the Newcomers
paid the claim or the Aetna company,
then amounting TO $40,944.lS. to protect
second and third mortgages. New
co,naS's claim aaginst the Nelson's was
raprNeSed ny one promissory note
fos S2n 900. another for s9.S4e. Interest
paid on Aetna company claim, amount
irc 10 sl.437sG and interest on the
TWO notes, with interest on deferred in
terest. amounting to s3.l3o.e5.
Nelson's Sell Again.
On July .. 1917, a deed was filed
showing the sale OF the farm by the
Nelson's TO ?. 2. Pharmer. OF Des
Aioines. who Immediately transferred
the land 10 r. F. Graeber- then OF
Sheldahl Later corrections were made
in the deed and il was relied on Sept.
II. 1917
In this transaction Nelson received
in part payment t-aeIo land in WIS
consin. Later, alleging fraud and mis-
representation. Nelson fled suit aaginst
Farmer. Graeber. Mpndy & Scott. who
acted as agents. and the Wisconsin
Drained Land Company. transferring
the Wisconsin land. 1t was this suit
insofar as Gracbcr and Mundy & Scott
were involved. that was heard We'd
nesday to pave the way for the re-
dempt:on Of the land. The court held
that G-aeber and Mundy & Scott were
in 10 way liable and the action against
them was dismissed. The suit against
Pfarrner and tire Wisconsin land COM
pany is pending, but does not affect
the redemption OF the land from sher-
ifs sale.
The claims OF the Newcomer com
pany were settled following the courts
decision and deeds were prepared for
the transfer of the land TO the new
owners.
Second REDEEM ption Of Property.
The redemption Of the farm from
sherifr's sale was the second time that
the property has been saved from
transfer by default at the eleventh
hour. Nelson purchased the farm from
the late Governor Packard, giving a
contract OF purchase. The terms OF
the contract not having been met,
Packard Instituted cult TO foreclose.
Packard's claim was assigned by him
10 franz =: 2il..&~:.5, 80 -: 10" y
1910. the Nelson farm OF 249 acres,
northwest OF the city, and the Pack
ard estate OF 123 acres were sold at
sheriff's sale to satisfy claim OF 3d.
S21.55. including costs to that time. The
properties were bid IN TO protect
Brennecke's claim Previous to this.
however, Packard had given mort
gage on "Strathmcre- 10 3. F. Cum
mings, and the farm was sold to salts
f. a judgment secured by the mortgage.
which at that time, with costs.
amounted TO s17,543.14. The claims
against the two farms then amounted
to s31, 1s4,ss.
In order to save "Strathmore." Mel
son sold his 24o-Scre farm to Mundy
& Scott for $4,000 and arranged for
new loans on the Packard place. The
last day for redemption was Sunday,
Oct. 8, 1911, and, wishing to avoid any
possibility Of technical question Of time
being involved, Nelson called county
officials from their homes late Satur-
day night, Oct. I, and paid to the clerk
Of the courts a total of s34,140.73. OF
this amount 3Ie,245.23 was paid in
settlement OF the case Of Cummings We.
Packard. and s14.ss5.50 to satisfy the
claim Of Packard assigned to Bren-
necke.
Other Legal Actions Follow.
The redemption Of the Packard farm
resulted 81 500 400 in new mortgages
being placed on the land. AS THESE
obligations became due the result was
more legal entanglements and shifting
of mortgages, Nelson continuing his
effort to retain possession OF tine farm
The legal actions at various times
arising from the transfers OF mortgages
involved many persons, but Nelson re-
| tanned possession until the Aetna COM
ps.i.y i soTsvas 81: =.:e - the property, by
| the sheriff a year ago.
Il had been expected that the legal
| proceedings leading to the final re-
demption OF the property would come
up in the district court Tuesday, bu,
l the parties to the action delayed pro.
ceedings until Wednesday. As a reault
the interest on the mortgages. the In