Every evening, Wilmington daily commercial. (Wilmington, Del.) 1878-1928, 1922-07-10
GREENFIELD SAYS
ALL is REGULAR IN
UNION GARDEN DEAL
Continued from page l.

Attorney. who has a large force
we understand. working for him
To anyone who is familiar with
real estate transfers. the work in
volved is easily appreciate, as in
every case the deed must be pre-
pared. and under the terms Of the
deed from the Shipping Board TO
Margaret Virgins. IL ia necessary
for us to obtain the signatures of
the persons who purchased the
properties at public sale. but who
have since assigned or sold their
agreements, and in many cases.
these persons do not reside in Will
mington. In fact, IL is difficult at
times 10 even locate them.
Further, some delay arises be-
cause of the fact that the pur-
chasers did not avail themselves
of the opportunity TO purchase the
properties upon mortgage. and are
therefore unable TO make settle
ment when called upon because
they have not sufficient cash In
the case of two persons who pur-
chased total Of fCrty-two houses
they requested an extension TO
August l, 1922, To enable them TO
raise the funds with which to set
tie. which extension was cheer
fully granted.
Up TO and including July :, 1922,
there have been made l75 settle
ments, which including the date
when title was vested in Margaret
Virgins means an average OF al
most six settlements every day
SUNDAY eXcepted). or course. at
first, settlements were of neces-
city slower. but now we are maxi
ing settlements at the rate of
about twenty per day.
1t is immaterial TO us whether
the purchasers who awaited them
selves Of their options TO settle
10y means of part mortgage and
part cash settle upon this basis
or otherwise, and we are in every
way living up TO cur agreement.
and will settle with any or all per-
sons when they desire In fact.
we are as anxious as they are 10
have the matter concluded.
We want TO assure all the pur-
chasers that We are acting in
absolutely good faith with every
one, and insofar as the rents are
concerned, il can be seen, since
all adjustments are made as OF
the day Of settlements. that the
fixed charges, such as taxes.
water rents, interest on the in
Vestmenv and overhead expenses
will about equal the rents COL
lected from the entire operation,
so that delay is Of no benefit TO
us.
We are trying TO settle for
these properties in a systematic
manner and therefore have adopt
ed the plan OF settling by streets.
II. however. through special cir
cumstances. anyone requires an
earlier settlement. and he or they
will so advise us we will do our
best 10 accommodate him or them
by arranging those particular
settlements at the earliest possible
moment.
We feel reasonably sure that at
the rate that settlements are now
being made. and with the CO.
operation CT the purchasers, that
all OF the settlements Will be COM
pleted by August !, 1922.
In conclusion, we feel that We
have used every conscientious eff
fort 10 carry out the agreement Of
the Shipping Beard as made with
the purchasers. and will be glad TO
receive suggestions from anyone
as TO how the matter could be con-
cluded mora expeditiously. We
feel that criticism is unfair, but
helpful suggestions we want To as
sure you, will be given earnes;
consideration.
Respectfully yours.