Though I
had, after the move to the Bay Area, pretty much committed myself to
engineering as a lifelong occupation and had dispensed with the idea
of farming in the Midwest, I continued to be attracted to acquiring
some property with an agricultural aspect to it While I was residing
at the Reymanns’, the subject of a 17-acre prune ranch near Morgan
Hill came up. Morgan Hill is a San Joaquin valley town on Highway 101
located some 10 to 20 miles south of San Jose. The ranch belonged to
some relative of either Mr. or Mrs. Reymann.
I drove
down to see it and I recall looking at the house and other buildings
(this was after I had the green Chevrolet sedan). It even seems that
I may have had a meal there with the owners but I doubt that it was
an overnight trip. Whether I seriously considered it as an investment
I really can’t remember now but I must have had some thoughts along
those lines to drive down to look at the place.
While
the prune season was on, Mrs. Reymann would get fresh prunes from the
ranch and she would make an upside down prune cake (like an upside
down pineapple cake) and which she treated me with on more than one
occasion. Maybe having the prune cake was what brought up the subject
of the prune ranch in the first place.
Another
place I looked at was a 7-acre parcel up in Sonoma County. This came
through a realtor I think. The place had been used for growing
rabbits but a windstorm (tornado?) had more or less wrecked the
structures on the place. When I looked at it, it was mostly just a
grassy area, not very many trees and I was not attracted to it.
The urge
I had in me to own some land continued at a low level during the rest
of my bachelor days and during the first years of my marriage. Mostly
this was evidenced in writing for various listings of farm property,
such as was put out by the United Farm Agency or Strout Realty. None
of these ever developed into a purchase although we did inspect
several pieces of property such as the small ranch growing
watermelons near Turlock and the alfalfa ranch in the Chico area. In
both of these cases we had several of our children along when we
looked at the property. Of the Chico property there are several slide
I took for later review. These trips were probably coordinated with
other sight-seeing activities.
When my
grandfather Peterson died in about 1915 he specified in his will that
the Peterson farm not be sold during my grandmother’s lifetime. I
suspect the reason for this was the wish on his part to have my
grandmother provided for for the rest of her life, but I suspect he
may also have recognized the trauma my grandmother went through when
they acquired the various parts of the farm and wanted her top now
have the benefit of that experience which at the time seemed so
onerous.
The
heirs did not divide the estate on my grandmother’s passing, but
eventually decided to do so in the lated 1950s. Vincent at the time
was looking for more land to add to his farming operation but did not
feel that he had the capital to acquire any land. Some consideration
was given to me (we) acquiring the Peterson farm (or part of it),
using my mother’s inheritance as a loan to us as part of the down
payment. The land would have been farmed by Vincent, although being 8
miles distant from Dad’s farm, the arrangement would not have been
very convenient.
The
possibility was never realized for several reasons: 1) the potential
price was too high for us (all parts of the farm sold for $400/acre
or more and we would have had difficulty in arranging the financing),
2) irrespective of the financing the price just seemed too high for
us and 3) had we acquired the place we would probably have destroyed
(razed) most of the buildings and the farmstead site, which my mother
thought would have engendered an unfavorable response from her
siblings.
Shortly
thereafter however the possibility of purchasing a tract of about 125
acres near to my dad’s farm arose. This tract was known as the
“Joe” Johnson farm and was the subject of an estate sale. Joe had
died and his son Harris had been farming the place (perhaps in
conjunction with his mother). The other children were wanting to sell
the property to secure their inheritance and there had been some
litigation to implement the sale of the property and distribution of
the proceeds.
My
recollection is a little vague but it seems there was a court-ordered
disposition of the property under a court-appointed trustee — one
Maurice Breen. Then there had been an interruption in the process,
possibly because the heirs had decided not to proceed. Following this
there was again a falling out amongst the heirs and the trustee was
again offering the farm for sale. Because of the interruption there
was some question as to the legality of the resumed proceedings.
Vincent was of course aware of the possibility and brought it to our
attention.
To aid
Vincent in extending his farming operation, my mother was willing to
lend us her inheritance from the Peterson farm as part of the
downpayment. It would have been more appropriate for Vincent to have
been the purchase but h felt he did not have the capital to proceed.
The
advertisement by the trustee was made in August of 1959, I believe,
about the time that Laurel was born. . . . I had
contacted the trustee indicating an interest, but needless to say my
attention had been diverted by . . . the change in the
home pattern after Laurel’s birth [and other factors]. Anyway the trustee became irked
at my dallying and finally informed me (us) to proceed if we were
indeed interested. So finally we made an offer of $42,000 and made
the 10% down payment. Another individual who was very important in
the situation was a Mr. Johnson who was the Prudential agent who
arrange the loan we eventually had (for $25,000) covering the balance
of the purchase price.
Vincent
later told me that toward the consummation of the deal he [Mr.
Johnson?] was out at the Joe Johnson place and got stuck in the long
lane leading to the building site. By the time he [Johnson?] got out
he had spent most of the commission he got for arranging the loan. It
was only after we had made the down payment that the somewhat shaky
legal situation came to light and there was a real question in my
mind whether to write off the down payment and back out of the deal.
However
after consulting with the law firm of Kirchner and Kirchner in Fort
Dodge we went ahead with the purchase. I well remember the long
telephone call with one of the Kirchners one noon in my office at
Shell and his analysis of the situation. Basically what he
recommended was that we insist on separate quit claim deeds from each
of the heirs, in addition to the trustee’s deed covering the sale.
There was also a release of possession signed by Harris and his
mother who were still actually living on the property.
The
final signing of the documents and transfer of the money was made I
think in the offices of Kirchner and Kirchner. Vincent I guess
represented us; neither Jean nor I was there. So my long-awaited
desire to own some Iowa farm property was fulfilled, albeit with an
accompanying period of worry and concern. The investment as it turned
out was a good one both for Vincent and me. One reason that the deal
went through was that the land market was depressed at the time and
we were the only individuals showing interest in the purchase.