August 10th, 1939. Hon. Franklin D. Roosevelt Hyde Park Dutchess County, N. Y. Dear Franklin: The Bub or Schmaling farm is to be sold at public auction at the Court House on Tuesday, August 22rd at 12 o'clock noon. I am informed that the total indebtedness owing to the Land Bank would be about $8,000., which does not include a second mortgage of $1,845. held by the Farmers and Manufacturers National Bank of Poughkeepsie. I am also informed that the Bank does not intend to bid, and if they do not and no one else bids, it may be sold for about $8,000. The total acreage of this farm was originally about 160 acres out of which five parcels, which probably do not exceed five acres, have been sold leaving 155 acres. The following is a computation of the price per acre you have paid for land in that vicinity, viz: Hughson farm, 90 A, cost $6,000. - $66. plus per acre. Entire Dumphy farm, 184 A, cost $16,000. - $86. plus per acre Wright land, 13.07 A, cost $1,960.50 - $150. per acre Rohan farm, 133 A, cost $24,500. - $184. plus per acre Briggs wood lot, l0 A, cost $500. - $50. per acre Rogers, 52 A, cost $5,000. - $96. plus per acre Kindly let me know if you want me to bid on this,and if so,how far you want me to go. With kindest regards, I am Sincerely yours, Henry Hackett |