Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1919-08-27
GUARD AGAINST
SPECULATOR IN
SALE OF HOMES
Inquiries Already Made for Govern
ment Houses But Only One
viii Go to a Person.

A feature of the plan of the
United States Housing corpora
tons plan for disposing Of all its
property in the tri-cities is that
only one lot or one home will be
sold to a person
Further than this, before being
placed broadcast upon the real es-
tate market, each house will be Of
fered for sale to its resident at the
time, and he will be given ample
time to consider the proposition be-
fore deciding. This will tend to
prevent a general stir-up of per-
sons living in the houses of the
corporations.
The terms to tenants, as Irving
Z. MacOmber, vice president of the
corporation, said yesterday, will be
so reasonable that buying the
hcnses they live in will be invest
Aents we'll worth while His I'M
y oficiaI prediction was that the
time extension rates will be 10 per
cent of the value down and 1 per
cent per month from then on, fig
ured on the principal and accum-
ulated interest The value will be
Teckoned on present prices and
NEUTRALITY-SUSPICIOUS. involved in
purchase, will not be considered in
the sale
Good Local Cooperation.
In all our enterprises in the
tri-cities we have had the most
earnest cooperation and material
assistance from commercial organ
jZatiOns,n said the corporation
official. He then mentioned the
Rock Island Chamber of Commerce
and F W. Bender, and the real es-
tate board of Rock Island, as being
the main factors in promoting the
N>work of the government along this
Me and giving aid to the efforts oil
theAlocaI office, in this city.
Their actions in this respect, ac-
cording to Mr. MacOmber, are other
manifestations of the highly com
mendable spirit of aiding useful
enterprises. which prevails in the
tri-cities. He was struck by the
pep" in the commercial and bus
mess circles of the three cities, and
stated that the corporations pro
iects in Rock Island, Davenport
and Moline were considered by its
heads as their very best in the
United States, owing to the high
rating of local business affairs.
Buyers Already InqUiring.
Several telephone calls were re
ceived at the offices of the housing
corporation today, about where to
apply to buy the government prop
erty. The persons asking were in
formed that the properties are to
be offered for sale as soon as the
Of hnfp n 90
what prices to charge for houses
and lots. The fact that upon the
very first day of the plan being
made public so many interested in
quiries should have been received,
speaks well for the alacrity with
which the properties viii be dis
posed of.
There are in all 649 houses in
the tri-citieS to be sold under the
provision of the sUndry civil bill,
passed by congress and signed by
the president in July, authorizing
the. sale to private buyers of all
lSGsing corporation properties.
|They are distributed as follows: 127
in Rock Island, III in Moline, 126 in
East Moline and 189 in Davenport
These figures were presented by o.
G. Sherman, who heads the Rock
Island office He also outlined the
districts in which these projects
are placed: Rock Island, Thirty
first to Thirty-third street between
Fourteenth and Eighteenth ave-
nues and Thrity-ninth to Forty
sixth street south of Eighteenth
avenue; Moline, Eighteenth TO
Twenty-third avenue between
Twenty-third and Twenty-seventh
streets; East Moline, 1.-TWO dis
trfcts), Seventh to Eighth avenue
between Twenty-second and
Twenty-third streets and Twenty
first to Twenty-fifth avenue, be-
tween Sixth and Seventh streets
Davenport, Telephone road to
BIackhawk street between Well
man and LinWOOd avenues.