Evening journal., 1922-07-17
HOUSING CO.
CLOSES BOOKS
Final Checks Ready for
Union Gardens Land
Purchasers
CHARGE LOSS TO
HELP WIN WAR

One Of the few remaining war
time projects Of Wilmington ceased
to exist at 1890 o'clock this morng,
when the final meeting OF the Will
ington Housing Company. capitaliza-
ton s1O2.5OO. through which medium
the site for Union Park Gardens was
bought. was held In the office Of
Josiah Marvel, of the law firm, Mar
vel. Marvel, Layton and Hughes,
DUPONT building. The directors de-
clared a final stock payment OF Ss.95
share. making a total Of $685.
paid on each 500 paid for stock.
The directors instructed Secretary
Charles c. Kurtz 10 draw checks for
the amount and to present them to
stockholders on the presentation OF
their stock certificates. These
checks may be had by the presenta-
ton Of the certificates at the Office of
Mr. Kurtz.
The company operated through
out the war. coming 10 the aid OF the
Government when the question OF
housing the war workers was the
second great problem confronting H..
About l12 representative business
men took the 100000 OF stock,
without hesitation. even through the
prospects OF even money returns
were remote.
The directors. W. w. Laird, presi-
dent; and Charles c. Kuriz. secre-
tary. George Sauters. Charles Top
kis. John H. Hickey. and Josiah Mar
vel. before closing their final meet
ing voted to send the following let
tiers to the stockholders:
Wilmington, Delaware.
July 18th. 1922.
Dear Sir:-ID accordance with our
previous notice TO you. the proper
steps have been taken to dissolve
the Wilmington Housing Company
and distribute its funds pro rata
among the stockholders OF the
company.
We now hold check TO your or
der at the rate of $S.95 for each
share Of stock held by you. aDd upon
OF your certificate.
duly endorsed by you. this check
will be delivered. We would be very
glad to dispose OF these checks at
once and II you will promptly de-
liver your certificate. either in per-
son or by mail duly endorsed. It
will enable us TO more promptly
conclude this whole matter.
The board OF directors OF this
takes this opportunity Of
expressing 10 you as a stakeholder,
Is highest appreciation OF your
along with something
over. one hundred other citizens of
who Joined together al /
he time OF the countrys need 10 |
AIRY forward a war project that /
proved TO be OF great benefit to our /
rational government and incidental !
Y resulted in the building Of the I
most beautiful suburb OF any city |
II Wilmington's size in the United !
states.
Union Park Gardens will stand !
throughout all time as a instrument /
o the patriotism. the self-sacrifice. |
md the good citizenship OF one hun /
lred and twelve stockholders who j
made this building project possible.
{ was announced and known to all 1
hat the subscribers to the capital !
took Of this company made their 1,
freely and for the
,enefit of their country and city.
Without any thought OF any return
whatsoever. and il IS with great
'leasure that we are now able TO
eturn a small norton Of the sub !
which you so freely made
uring the years Of stress and war.
md in this connection. permit us
o suggest that the loss OF s41.O5
er share should be considered by
ou in making up your annual in
ONE tax for the year 1922.
The entire accounts of the COM
any from the beginning have been 1
udited by II. r. Craig. vice-presi-
ent OF Wilmington Trust Company
nd approved by him, and are now
n file subject TO the inspection Of
ny stakeholder who may desire.
In closing permit us to say that (
ne officers OF this company have I
erved during this entire operation Z
'ithout any compensation, giving OF
heir time as freely as you gave Of I
our money. and can only trust with
on that their compensation will be
the future thought that they gave
{ themselves TO- aid a good cause.
Very truly yours
CHARLES c. KURTZ.
Secretary.