On 13 March 1906, my relative was deeded 400 acres of land in Arkansas County, Arkansas. The deed was subject to a mortgage totaling $7000. The mortgagor was a man named Michael Pfeifer.
When one discovers a relative owing money to someone else, it’s a good idea to do some investigating into that person to see if there was a relationship. Before banks were as prevalent as they are today, the lender might have been a relative, a private individual with money to lend as a personal investment (these transactions were often facilitated by lawyers or loan brokers), or loan company. I need to find out. In this case, I don’t think Pfeifer is a relative, but there is only one way to find that out: research.
The person from whom your relative borrowed money could be a clue to their past.
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