Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-11-14
TWO PLANS FOR
POSTOFF|CE SALE.
Congressman Mccoy and Sec
rotary James NJ. Reilly Make
Suggestions.
ELEVEN SITES OFFERED
FOR FEDERAL Bull DING
Site Agent Macgregor Will
Make Report to Government
to Rush Work.


Two. new plans for the sale of the
present Federal building in this city
for S1,soo,000 or more developed today.
as direct result of the conference
held yesterday to investigate eleven
sites suggested for the location OF
NewarlS's new postoffice. The sale of
the present building is now the only
obstacle to block the Immediate con=
struction of the new building. and
either OF the new plans, according to
Congressman Walter I. Mccoy,
father Of tho new postottice bill, will
solve the problem.
Tic first of the plans has been sug-
gested by James NJ. Reilly, secretary
IF the Board CT Trade and it is
understood has the approval of that
board. lie suggested that a syndi-
cate of business men be formed for
the purpose Of taking over the pres
ert postofiee building and advance
ing the purchase money as it is re-
quired. The title would be trans
&erred to the syndicate by the goS-
trnment with the completion of the
new building. or at a set date.
Y This plan. 1t is pointed 'out. would
not only solve the present postoffice
IL
we'll paying business proposition for
those who interested themselves in
the matter. 1t is conceded by prac-
tically every banker and real estate
authority that with NeWark's pres
erlt progress continued the present
postotfiee site will be worth we'll over
$2.000,000 in two years.
The second plan was announced as
POSSIBLE by Congressman Mccoy him
self, and indicates clearly the per-
eonal Interest Secretary of the Treas
ury William G. McAdoo is taking in
the city's behalf ~
May Make other Plans.
According to the congressman If
the present building can not be
readily sold for $1,S00,000 under the
conditions 20 pc announced next week
SECRETARY McAdoo would recommend
that the treasury department be au-
thorzed to place sufficient money at
the disposal of the Newark postoffice
fund for the needs of the proposed
new building, providing a respon-
s,ible party would guarantee to pay
$1,S00,000 or more for the property on
delivery.
Congressman Mccoy points out
that the sale Of the present property
Gould probably be effected very
easily at the figure asked if 1t were
not for the peculiar conditions that
must qualify the. sale There are
numerous parties who would submit
offers for the land-in straight out
and out SALE but who refuse to out
lay big sum of capital on property
that cannot be delivered within two
years after the sale he says.
In otner words, according to- the
congressman, it will probably be diff
flcillt to find a purchaser who is will
ing to put down the S1,SO0,0eo and
then permit the government to oc-
cupy the present building, rent free,
until the new posal structure is ccm-
pleted Secretary McAdoo's sugges-
lion wo lid remedy this obstacle. he
said. & 800 .
a the conference yesterday after
noon held in. the court room on the
third floor of the Federal building.
fred ". Tasney, supervisor OF The
i1isaential Insurance Company, ap-
cared in behalf of the insurance cor
loration and made a strong plea for
the maintenance of the poStOfhce on
it's present location
He pointed out that the Pruden-
tial spends over 100000 per year
on stamps and pound charges. which.
he said, represented over Z per cent.
of the income OF the local office. Mr..
Book corrected him on the amount of
percentage. but admitted the amount
of dollars was correct. In reference
to the establishment of branch post
offices Mr.. Book said 1t would be abso-
lutely impracticable to have them and
that the service would be harmed
rather than benefited by them. He
pointed out that no carrier had a
beginning point of his route that could
not be reached by a ride of fifteen
minutes in the trolley, and the Work
of distribution and assigning to car
riers could be much more expeditiously
accomplished in the main office. He
also declared it would necessitate the
closing of mails one hour earlier.
Mr.. Tasney then pointed out all of
the reasons which he claimed should
be considered in favor of having the
present site retained and insisted that
the Prudential co-operated with the
postal authorities in such a. manner
now that their immense mail, aver
aging over 10000 pieces daily, was dis
posed of before the rush hour of be-
tween and o'clock in the after
:, noon. when all of the other business
houses and offices dumped their mail
in at about the same time. In the
event of the site being changed, Mr..
Tasney said, it would mean the Pru-
Dental mail would come in at that
rush hour and also the Prudential
MIGHT NOT be able to deliver the mail