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Sign up freeThe Dawson News
Dawson, Terrell County, Georgia
What is this article about?
The Barnwell pecan groves in Mitchell County, Ga., valued at $500,000, were auctioned for $200,000 after years of litigation over a $400,000 mortgage, bought by Joseph R. Nettles of Columbia, S.C.
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CAMILLA, Ga.—The famous Barnwell pecan groves in Mitchell county, which have been in litigation in the United States courts for several years, were sold today at auction before the court house door at Camilla. Valued at approximately $500,000 and carrying an indebtedness of $400,000, the property was bid in by Joseph R. Nettles, of Columbia, S. C., attorney, for $200,000.
The sale was made subject to confirmation by Judge S. H. Sibley at Savannah on May 24.
J. P. Mathews, of Columbia, began proceedings in 1920 to foreclose a $400,000 mortgage on the property. He was resisted by the Barnwell interests, owners of the grove.
The property consists of 658 acres of bearing trees, ranging from 11 to 20 years old, and is considered one of the most valuable pieces of agricultural property in the United States.
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Domestic News Details
Primary Location
Camilla, Ga.
Event Date
Proceedings Began In 1920; Sale Today; Confirmation May 24
Key Persons
Outcome
property sold for $200,000 to joseph r. nettles, subject to confirmation; valued at $500,000 with $400,000 indebtedness
Event Details
The famous Barnwell pecan groves in Mitchell county, involved in litigation for several years, were sold at auction before the court house door at Camilla. The 658 acres of bearing pecan trees, 11 to 20 years old, were bid in by Joseph R. Nettles. J. P. Mathews began foreclosure proceedings in 1920 against the Barnwell interests.