[no source, no date]
FIRST SETTLEMENT FOR
LAND PURCHASED FOR THE TNT PLANT
The First Checks Were
Given to Clem Martin and Mrs. Jacob Schneider on Thursday
$92.00 PER ACRE
Paid the Schneiders
for 84 Acres and $80.00 Per Acre to Martin for 61 Acres
First
settlement for the purchase of land in the TNT area by the United States Government
was made here Thursday when checks were delivered to Clem Martin and Mr. and
Mrs. Jacob Schneider by the Kansas City Title Insurance Company.
Settlement
with the land owners in the area is expected to swing along in a faster tempo
until every one of the more than 200 have been paid off in full.
Martin, a
single man, sold his 60 acres of the land along Highway 61 for $4800 and will
probably move across the highway, which is outside of the area. He received $80
per acre but had to pay the five per cent commission to R. Newton McDowell and
one and one half per cent for clearance of the title.
The
Schneider family sold an 84 1-6 acre tract, located near Toonerville for
$7,712.00 which is almost $92 an acre. The Schneiders will move to Lincoln
County to resume farming.
After the
checks are received here the commissions and back taxes are taken out and the
amount of the 1941 taxes places in escrow, pending an option from the United
States Attorney General whether or not the property owner will have to pay the
41 taxes.
C. E. Ewald
of the title company said the people would be notified in due time when their
checks arrived. The parties will be contacted personally by the Kansas City
Title Insurance Company and no other agency, he stated.
One family
from the area was looking for a place in St. Charles where they could keep a
cow, which supplies milk for their three children.
Another
family was seeking a place with an attic or basement where they could store a
large quan- [one or more lines missing]
