Norwich bulletin., 1922-08-02
DISCO BROTHERS BUY
PECK-M'WILLIAMs PRO

Promptly at o'clock, standard time, Tuesday. morning, when the building owned by Peck-M -McWilliams Co. and Mrs. Clara L. B. Morton Of Stamford was put on the auction block for sale. number of local business men stood before the auctioneers block.
 Bidding was spirited during the auc- tion and the property was finally knocked down to ex-Mayor Herbert M. Lerou for 45,025. who had bid for Disco Brothers. A few months ago Disco Brothers bought the adjoining building owned by Mes. John R. McNamara, whose interests in- cluded rights of way in the cellar.
 The conditions of the auction were ex- plained by ex-Mayor J. J. Desmond, who announced that immediately upon the auctioneer's calling the sale to an end deposit of s5,000 must be made and the balance paid not later than o'clock, standard time, Friday afternoon. The dimensions of the property were given as approximately 1,26O square feet. with a frontage of 54 feet on Fery street and a frontage of 24 feet on Main street
 The reason for the public auction was that Mrs. Morton. who owned a share of the property, did not care to sell at the price offered by Disco BrotheCs. A court action followed which resulted in the or
 
 ton attended the auction and their bid ding aided in sending up the price re- ceived for the property.
 The auction began immediately after Attorney Desmond had finished the de- scription of the building and records, with Auctioneer Albert W. Lillibridge, appointed by the court, on the stand, The first bid was $12,0O0, offered by MT. Lerou. This was raised to 1000 by George W. Carroll and again to 1000 by Mir. Lerou. Me. Morton then stepped in and raised it another thousand. Sew erai other bids were made until the bids had reached $37.5O0. and from then on the bidding was spirited, bids ranging from $1O0 to $500 over previSas bids MT. Morton again stepped in and sent the price up to $44,00U. IL was Caiseo again and sent finally to $45.000 by MT. Morton MT. Lerou then added another $25 to the bid and the property was knocked down to him at $45,025.
 Immediately after the close of the bid ding MT. Lerou entered the building and in the presence of attorneys for both sides mace a deposit of s10.00G to Mir. Desmond. It then became known that Mir. Lerou was bid 2g for Disco Broth CTS, and they were congratulated on se- curing the building and property.
 The Disco Brothers have already erected a fine new steel building at the rear of this property, connecting with the former McNamaCa property and with the purchase Of the Peck -McWilliams prop erty now hold the entire business block free from all incumbrances.
 Norwich is assured of one of the finest store and office buildings in t,lis vicinity, as Disco Brothers have Dtans already drawn for building of the most modern type with every convenience for tenants. There will be five stories on Main street. with basement, and six stories on Ferry street. The building will have two ee- vators, one for passengers and one for freight Above the stores will be of- fees numbering SO. all of a roomy. airy type.
 Work on the new building is to be started at once. the old building to bG razed immediately, and three more sto- ries added to the building already con- ed on Ferry street
 The new building is to he of steel, tile and brick construction with terra cotta trimmings It is to be fireproof through out. mail chute is to be installed to allow al offices to drop their mail down into one large collection box
 Everything is taken into consideration by Disco Brothers, who desire to make the building one which will do credit to Norwich and one in which they can rightfully take pride in possessing.