DIY History | Transcribe | Building the Transcontinental Railroad | John L. Coffin, land agent in Davenport, Iowa, correspondence with land speculator Thomas Clark Durant in New York, part 3, 1874

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John L. Coffin, land agent in Davenport, Iowa, correspondence with land speculator Thomas Clark Durant in New York, part 3, 1874

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Direct to P. O. Box 3106
John L. Coffin
Iowa Land Agency
130 State St. Boston
Offices
Davenport, Iowa
Lands bought and sold. Mortgages negotiated. Taxes paid. Old patent titles investigated.
Boston, August 1st, 1874.
Thos. C. Durant, Esq.
Dear Sir,
I have sold to John Leander, subject to your approval, the E 1/2 of SE 1/4, E 1/2 of NE 1/4 and NW 1/4 of NE 1/4 21. 80. 8 = 200 acres Johnson County, for $4,000 = Terms $500 = 1st Sep '74, $500- Oct 1 75, & balance in 3 equal annual payments from 1 Oct. '75 with interest @ 10% payable annually. I advise making this sale, although the terms are somewhat liberal, the price is good, $20 an acre. The customer, John Leander has six grown up sons and a farm adjoining - my local agent writes that he is worthy and industrious and will no doubt meet his payments. I enclose a "Contract" which if agreeable please sign and return, and I will hold on to it until the final payment is made - No acknowledgement is necessary.
Also enclose a list of your notes in my hands at Davenport for collection, amounting to $7,431 62/100.
Yours truly
John L. Coffin.

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Direct to P. O. Box 3106 John L. Coffin Iowa Land Agency 130 State St. Boston Offices Davenport, Iowa Lands bought and sold. Mortgages negotiated. Taxes paid. Old patent titles investigated. Boston, August 1st, 1874. Thos. C. Durant, Esq. Dear Sir, I have sold to John Leander, subject to your approval, the E 1/2 of SE 1/4, E 1/2 of NE 1/4 and NW 1/4 of NE 1/4 21. 80. 8 = 200 acres Johnson County, for $4,000 = Terms $500 = 1st Sep '74, $500- Oct 1 75, & balance in 3 equal annual payments from 1 Oct. '75 with interest @ 10% payable annually. I advise making this sale, although the terms are somewhat liberal, the price is good, $20 an acre. The customer, John Leander has six grown up sons and a farm adjoining - my local agent writes that he is worthy and industrious and will no doubt meet his payments. I enclose a "Contract" which if agreeable please sign and return, and I will hold on to it until the final payment is made - No acknowledgement is necessary. Also enclose a list of your notes in my hands at Davenport for collection, amounting to $7,431 62/100. Yours truly John L. Coffin.