"The Worst Hard Time" page 79-80: "Foreclosure sales in Boise City, held in front of the new Cimarron County Courthouse, became a regular event.......After a while, farmers got wise to the sales and devised a scheme. Before each foreclosure event, they agreed to bid a dime for a horse or combine, and no more. Anyone who bid higher would be taken care of later. The bank knew what was up, and so did Sheriff Barrick, but they couldn't stop it. It was a legal bidding process. For a time, these ten-cent sales kept a few bankrupt nester in the game."
Thought this was pretty interesting bit of trivia that I hadn't heard of precisely... I've read about penny auctions along the same line of thought..only bidding was one cent.
South Carolina Department of Education
The Summer of the Golden Eggs
Lesson Plans
No comments:
Post a Comment