The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-03-28
H|ATT'S DEALS
DATE BACK TO
LATE IN 1914
Starke County Records Show
Transfer of 720 Acres to
Clyde L. Peck, His Repre-
sentative, in October, 1917.
DEAL FOR GAS PLANT

trust company, GATE Ddck W INoN' To- J.
1914, as indicated by Starke county
records at Knox, Ind.
Further evidence of his trading and
the existence of these undesirable Sc
curities is also determined by the fact
that about year ago Mr.. Hiatt made
a proposition to purchase the local /
gas plant, giving in part payment some
of the undesirable securities named by !
Charles w. Camp, state bank commits |
sioner.
The first actual indication of an
operation took place on Nov. 80, 1914,
when Thomas c. Hite and John w.
Long decided 720 acres of Starke !
county, Indiana. land to E. F. Hiatt, |
better known as the "Starke county
matter" and valued at $4,000
Sells Property in 1917.
Mr.. Hiatt held this property in his
name until Oct J. 1917. when he sold
il TO Clyde L. Peck of Chicago, one OF
his land operators. who is named in
a number of his transactions and act
cd as his agent in number of deals.
Thomas c. Hite and John w. Long
laid out this land in city lots, but as
the project was unsuccessful it re-
verted to unimproved property The
land is south of North Judson, Ind,
and is now owned by Martin Moehn
of Burlington, la.
On the day after the property was
transferred TO Mr.. Peck in 1917, the
latter transferred it to McNally, Peck
and company, in which Mr.. Peck was
interested.
The consideration mentioned in the
Starke county records for the trans
fer from both Mr.. Hiatt to Mr.. Peck
and from the latter to the McNally,
Peck and company was 81 and other
valuable considerations.
What Records Show.
The records of these transactions,
taken from the files of the recorder of
Starke county, show the following:
Property obtained from Thomas G.
Hite and John w. Long on Nov. 80,
1914, consisting of 720 acres, which
was cut up in city lots. On Oct 1,
1917, Mr.. Hiatt sold the property for
81 and other valuable considerations
to Clyde l.. Peck; on the next day
Mr.. Peck transferred the property to
McNally, Peck and company for 81
and other valuable considerations.
This same acreage appears again in
one of Mr. Hiatt's deals when he made
an overture to. the Richmond Light,
Heat and Power company about
year ago to buy the gas plant here and
offered as part payment the Starke
county property of 720 acres and GER
tain Chicago property.
Gas Plant Deal
It is now definitely known that Mr..
Hiatt was represented as being inter-
ested in buying the local gas plant
from the holding company that owns
II. the United Gas and Electric COM
pany, in March, 1921.
Attorney Wilfred Jessup carried on
the negotiations purporting to be be-
tween Mr. Hiatt and the holding COM
pany.
Mr. Jessup said Monday that he rep
resented Mr.. Hiatt and the gas COM
pany in the proposed deal He added
that he was not acquainted with Mr..
Peck and did not represent him.
Mr.. Jessup is president of the sub
sidiary corporation that operates the
local gas plant. The stock of the local
company is owned by the holding COM
pany Mr. Jessup, therefore, who is
attorney for the gas company, acts as
president purely in a representative
capacity.
Offers Properties
In March, 1921, Mr.. Jessup, who has
acted as Mr.. Hiatts personal attorney
on occasion, proposed to buy the local
gas plant from the holding company
for Mr.. Hiatt At least part of the
consideration offered in payment was
some 720 acres of land in Starke coun.
ty, Indiana, and two real estate proper
ties in Chicago, one of which was
what is now known as the Sheridan
Road property.
At the time of this negotiation these
properties were represented as belong
ing to Mr.. Hiatt. Mr.. Jessup, at the
iime stated that Mr.. Hiatt was mucf
wealthier than was commonly sup
posed.
Peck is the same man who brought
Mr.. Hiatt and Ex-Governor Brewer, o
Mississippi together last November
and who, so DIR. Hollingsworth, o
Grand Rapids, says, introduced him t
Mr. Hiatt. Peck, it is understood, ha'
been a representative for some tim,
of Mr.. Hiatt.
The United Gas and Electric com
pany after an examination of the prop
critics offered in trade. turned the dea
down and stopped the negotiations
Mr. Hiatt went personally at leas
once to New York in connection witt
this deal.
ANDERSON, Ind, March 2S.-Alber
w Gregg of Richmond purchased tn
Brock apartment building from Franz
Brock of this city for sum approx
mately 100000. according to the state
ment Of local banker and bushes
man.
When Mr.. Gregg made the deal h
took over two mortgages on the proI
erty, one for $4,000, held by the Prov
dent Life and Trust company of Phils
delphia, and the other for $4,000, hel
by the Citizens Bank of Anderson.
On the same day that Mr. Gregg too
over the building, he transferred it t
the Brock Realty company of Ande1
son. capitalized at s225,000 Later thi
capitalization was reduced to $4,000
Stockholders were Albert w. Gregs
president; Robert j. Buck, secretar.
and Edgar F. Hiatt.
Held BY Realty Company
No record of any further transfe
is on file at the Madison county coul
house. From this time on, the Broc
Continued on Page Twelve)