Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1913-06-03

Charles f. Kurtz said he did not
think the property owned by MIR.
Goodwin was worth more than S16.-
600 or $4,000 for both the building
and land. He admitted that the adj
joining property. No. 1904, had been
bought for S14,62314 and had sold
later for $4,000.
Peter ]. Ford, in behalf Of the
knights OF Columbus Hall Company
was next called, and he told of buy
Ing the property at the northeast cor
ner Tenth and King streets. thirteen
years ago, for $1,000 Since then
there has been expended $4,000 for
improvements. The city assessment.
he said. was $4,000 and that OF the
county S14.100
While speaking Of the knights Of
Columbus building site Mr.. Ford de-
clared he thought Il the best site for
any business excepting those on
Market street between Eleventh
street and Fourth street He said
the members had talked OF the price
TO be asked for their hall, which he
said was $4,000, Mr. Ford told Of
the Elks purchasing the property at
Tenth and Tatnall streets for $4,000.
Peter A. Horty of the knights Of
Columbus spoke Of the origin Of the
company, which leased the building
to Santa Maria Council Knights Of
Columbus for $1,000 a year He said
that four years ago a man approach
ed him with an offer of $4,000 for
the site. This man, he said. desired
to erect a hotel there but the members
did not think the amount sufficient
and the offer was refused
j. ]. PIERCE was called and said in
his opinion the building as Il stands,
with the land, was worth S16,7O625
This caused MIR. Ford to ask several
questions Of MIR. Peirce relative to the
sale Of surrounding property
AT this point S. Frank Ewart de-
clared that some restrictions had to
be observed in the manner Of ques-
tioning, otherwise the commission
would not get through soon
William j. Horrigan, representing
the knights of Columbus, was called,
and said his organization paid $1,000
year rent as we'll as the light bills
and part of the repairs. When press
ed as to the amount OF money he
thought due his organization on &C
count Of their lease. he said Il de-
pended on the amount of costs for al
terations, and also for the delay in
securing suitable quarters. He ad-
mitted that $4,000 would cover this.
Charles c. Kurtz. Of the Whining
ton Trust Company. who has pur-
( chased several properties in the block
for the new building, said the prop
erty No. 1904 King street, used fol
an apartment house. was purchased
on June p. 1912. for $4,000 After
all expenses were paid since then
there had been a profit OF S401.07
The city assessment was $4,000. The
property of the Old School Baptis
Church. he said. was bought for SIS,
coo. and the search for title and this
papers made this cost S16.'44.42 II
all Another property purchased, Ii
said. was the National Real Estate
building, Nos 1908 and 10 KIM
street. for s17,7617O. These proper
ties had been bought by Fracis
dupont for s16.50O.
MI Hilles said the commission wa
Satisfied with the prices paid by Nj
Kurtz for the properties.
The session adjourned at / o'cloc
I for lunch and convened again at
) o'clock. Witnesses. including built
) ers will be called to estimate on th
! cost of reproducing the Knights {
! Columbus Building and other builder
Will be heard.