The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-03-30
PECK FIGURES
IN NUMEROUS
HIATT DEALS
Burlington Man Buys Starke
County Farm Through Hiatt
and Peck-Peck in Cooke
Plantation Deal.
OWNER EXPLAINS TRADE

The wide flung operations of Edgar
F. Hiatt, former president of the Dick
inson Trust company, in which the
name of Clyde l.. Peck, real estate
operator of Chicago, appears frequent
ly, are again demonstrated in the
final disposition of the so-called
"Starke county matter" 720-acre
deal in Starke county, Indiana, prop
erty, to Martin Moehn of Burlington,
Ia, and also in the Cooke property
transaction of 1,760 acres in Washing
ton county, Miss.
In both of these transactions, Mr.
Peck took an active part, develop
ments Thursday show.
The Starke county property, ac-
quired in 1914 and held in Mr.. Hiatts
name until Oct. 1, 1917. when he sold
1t to Mr. Peck. was transferred to Nc
Nally, Peck and company on the fol-
lowing day.
Hiatt Signs Papers.
In describing the deal by which the
property came into his hands in July,
1921, Mr.. Moehn of Burlington, Ia,
said Mr.. Hiatt appeared very nervous,
and that he had heard that Mr.. Hiatt
was quite a plunger." Mr.. Hiatt
signed all the papers. Mr.. Moehn
also said that Mr.. Hiatt was vice
president of the McNally, Peck and
company.
The Cooke property of 1,760 acres
near Greenville, Washington county,
Miss, which is mentioned in a supple
mentary report of Charles w. Camp,
state bank commissioner, shows the
activity of Mr.. Peck, who was one of
Mr.. Hats land operators and agents,
in that part of the country.
j. w. Cooke. wealthy real estate
owner of Maben, Miss, who sold the
property, said he does not know Mr..
Hiatt, and had no transactions with
him.
MABEN. Miss, March 30.-J. w
Cooke, wealthy real estate owner and
dealer. today explained the details of
the sale of the 1,760-acre farm in
Washington county. Miss, to c. l..
Peck of Chicago, and which has been
mentioned in connection with the
troubles of bank at Richmond Ind.
Mr.. Cooke said that he sold the
property for the equivalent of $275,000
taking in part payment an apartment
on Coney Island Avenue in Chicago.
Mr.. Cooke said that mortgages total
ing approximately 100000 are out
standing against the plantation. A
part of this is owing to him, Mr..
Cooke said.
He declared that he has had no
transaction with and does not know
Hiatt who was president of the bank.
Exchange Made Recently.
The exchange of the apartment and
the plantation was effected about 80
days ago. Mr.. Cooke further declares
that the property in Washington coun-
ty was sold a year ago by Mr. Cooke
for 1875 5,000 but it was taken back
when the purchasers failed to fulfill
their contract.
Advice from Greenville, county seat
of Washington county, is to the effect
that no mortgage has been recorded
against the property since the sale to
Mr. Peck, excepting that of Mr..
Cookies. Hence title is resting with
Mr. Peck. Mr.. Cooke, and the owner
of the portion of the 100000 mort
gage not held by Mr. Cooke. Mr.. Peck
Is now in Chicago but is reported as
saying that he intends to move to his
Washington county plantation in the
very near future.
BURLINGTON Iowa, March 30.-I
made the deal in Chicago with Peck
and Hiatt, when | acquired my farm in
Indiana" said Martin Moehn, of Bur-
lington, Iowa, owner of the Stark
county Indiana land, on which Mr..
Hiatt started his speculation. II trad
ed my brewery here to Clyde Blaii
for an apartment house in Chicago,
end traded this apartment house for
the Indiana farm. The farm contains
\. 100 acres bought at the rate of 1920
per acre. The deed to the apartment
house was made to Mrs. Peck and
Hiatt signed all the papers. Hiatt
was vice presiduent of McNally, Peck
and company as well as president OF
the Dickinson Trust company.
When | took the farm it was mort
gagged and | assumed the mortgage.
| have never been given clear title
to the farm. When my agent and
made the deal in Chicago, Hiatt ap-
peared very nervous. and heard then
that he was quite plunger. There
was no cash in the transaction. Mrs.
Peck got the Chicago apartment ard
| took the mortgaged farm"