[no source, no date]
Federal Man Visited
TNT Area Thursday
McDowell Said Ewing
Wright is Here to Get Appraisers Verdict.
The
investigation of land purchases in the TNT area by the Department of Justice is
nearing completion, it was learned today.
Ewing
Wright, a federal investigator, and an associate spent more than four hours in
the area Thursday afternoon. Wright would not reveal his mission. R. Newton
McDowell, land optioner, was also in the area but did not come in contact with
Wright.
McDowell
revealed federal agents were here three weeks ago and went over his records
from top to bottom. McDowell said the land appraisers are nearing completion of
their work and Wright is here to get their verdict.
==========
[no source, no date]
PROBE WILL NOT AFFECT
PRICES FOR TNT LAND
Kansas City Title Man
Said Option Prices Will Be Paid To Everyone As Previously Agreed
TEST CASE
Southeast Missouri
Man Went to High Court to Collect $31,000 Option Price from Government
The
investigation by the Department of Justice of TNT land sales will not affect
the amounts people are to receive for the land, C. H. Ewald, who is in charge
of the Kansas City Title Company office here, announced today.
Ewald said
a similar case occurred in Southeast Missouri when a tract of land was optioned
by the Government, but an effort was made later to condemn the property for a
lesser amount. The case however stood up in the United States Supreme Court.
Ewald said
the total purchase price for the optioned land would amount to $2,593,277 and
not $3,000,000 as was previously stated. In addition the Government will give
the Ajax Pipe Line Company between $300,000 and $400,000 for moving their
property outside of the area.
Ewald
revealed $1,073,802 for 6729 acres and 19 town lots for 121 of the 268 parcels
of land had already been paid. The assessed value of the 268 parcels is
$350,000 which is about thirty-five or forty per cent of the actual value of
the land. Checks amounting to $370,921 for 25 parcels of land are being held up
because of the Government probe.
R. Newton
McDowell, Kansas [one or more lines missing]
