Name/Title
1938 Receiver's Sale of PropertyEntry/Object ID
2023.1.2610Scope and Content
A four page color flyer or brochure advertising properties to be sold in a receiver's sale by the National Bank of Orange County at Chelsea, Vt. The sale consisted of 15 farms, 9 wood lots, 1 meadow tract, and 1 garage property, all in or near Chelsea. Includes photos of many of the properties, and handwritten amounts and names (presumably sold amounts) next to the listings.Context
From an article published in the Randolph Herald 07/14/1938:
Bank Properties Sold at Big Auction. Cars from several states were parked about town last Thursday and the Town hall was filled to overflowing when 25 pieces of real estate belonging to the National Bank of Orange County were sold at auction by Ben Temple and his several assistants from Lynchburg, Va. These parcels- -farms, wood lots and garage were sold to bidders from several towns. Many came to enjoy the thrill of hearing these professional auctioneers from the South and they were not disappointed. Bidding was fast and many raised their own bids in the excitement. The selectmen off the Orange County Garage property for the town, to be used for much-needed storage purposes.
The B. C. Coburn farm on the West Hill was sold to Gerald MacFarlane of North Montpelier, who, it is understood, to occupy the place later. The Gerald Slack farm on the East Hill was bought by a party from Allston, to be occupied later as a summer home. James Hortowe of Tunbridge, bought the Ed. Brown farm, the Kennedy wood lot, and the Percy Welch farm.
Stanley C. Wilson bought the Police Druge farm in Vershire and the old Town on Chelsea East Hill. The Folsom Hill woodlot went to Mark Perkins of Strafford, the Hogan farm to E. Wooley of Bethel; the Walter Druge farm to parties from Barre, and Walter Druge bid off the Richard Druge property. John Doyle Butterfield place and Franklyn Fisk bought the Jacob Luce woodlot, which adjoins his farm on the West Hill.
The property sold brought about $11,000. Souvenir pencils were presented to those who were on hand when the sale started and stayed until it was finished. The sales will not be, final or the property deeded until the sales are approved by the Comptroller of Currency and the court. The terms of the sale called for a down payment, of one-third of the purchase price the balance when the property is conveyed, which was expected to be in about thirty days. All back taxes on the property have been paid and the purchaser assumes the 1938 taxes.Archive Details
Date(s) of Creation
Jul 7, 1938
