Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-12-17
NEW P. 0. READY
BY JAN. Is, 1917
CONTINUED from First Page,

place station is only temporary ter
minal for the tube trains.
Until today Postmaster Book has
been unable to give any definite in
formation relative to the official
terms of sale, but copy of Nc
Adoos statement has been sent to
those who have asked for particulars
OF the sale.
AS far as can be learned no local
people are interested in the purchase
of the property except as agents for
out Of town concerns. 1t was thought
at one time that a syndicate of local
business men would be formed to take
over the land, but this plan. 1t seems,
has fallen through. 1t had been ru-
mored that the Prudential Insurance
Company would probably make bid
for the property, but no confirmation
could be gained.
Open Bids January Is. 1914.
The bids for the sale of the post
office site will be opened by the super
vising architect on January 15, 1914.
A certified check for $4,000 must ac-
company all proposals. The right is
reserved by the secretary of the treas
ury until February 10, 1914, to accept
or reject the highest bid and also to
waive defects or informalities in any
bid.
Here are the conditions governing
the sale of the site:
..Terrns of sale: 100000 cash on the
fifteen day of July, 1914; the balance
payable as stated below.
"Bids are requested on the following
basis:
1.-The balance to be paid in ten equal
quarterly instalments from and after
July is. 1914
estate price offered on the basis of
the government remaining In possess
sion of the property after January Is,
1917, subject to the payment of rent,
or interest, until possession is given,
said rent, or interest, to be at a rate
to be stated by the bidder and to be
based on the total payments made to
January 10, 1914.
1.-THE balance to be paid in ten equal
quarterly instruments from and after
July Is, 1914.
Estate price offered If possession is
delivered January Is, 1917. State also
additional price If possession Is given
at an earlier date, the additional
price to be in terms of per cent. per
annum on the total payments made to
the date of possession and for the
period such possession antedates JAN
uary Is, 1917.
1.-THE balance to be paid in one pay
ment January is, 1917.
State price offered IL possession Is
delivered January Is, 1917. State also
what rent will be charged If posses
sion Is not delivered until later date
this rent to be stated in terms of per
cent. per annum on the total pay
ments made to January 10, 1917,
THE balance to be paid in ten equal
quarterly instruments from and after
July Is, 1914.
state price offered Il possession is
not given until the new building Is
completed and ready for occupancy
For this purpose it Is to be assumed
that possession will be given not later
than January Is, 1917. but the depart.
ment does not guarantee this. no rent
or interest to be paid for the occu-
pancy of the building after the date
stated, January Is, 1917.
1T is understood that title shall
not pass until possession Is given.
"Tach proposal must be accom-
panied by a certified check to the
order of the treasurer OF the United
State.s for $4,000 as a guarantee OF
good faith and that the bidder will
enter fpto a written contract of sale
in terms to be hereafter agreed upon
by the successful bidder and the
treasury department. The proceeds Of
this check are to be forfeited to the