Evening journal., 1922-06-21

NEAR, TITLES
FAR DISTANT
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bility for the delays thus far on the
OFFICIALS of the United States Ship
ping Board and Emergency Fleet
corporation. a subsidiary of the
board.
one underlying cause of the pres
ent delay, however. was very appar-
ent at the office OF the company. es-
tablished in one of the Gardens
houses. 1t is lack Of sufficient or
ganization to handle the transfers
necessary.
The working staff comprises Mr.
Cornell, Philip Kramer. a youth, and
a woman clerk. In fact Mr. Cornell
is very nearly the entire force and is
Obliged to devote a good part of his
time to answering telephone queries
and endeavoring TO satisfy purchas.
ers of the homes with explanations
that there would not be this delay
J but for the Shipi/ng Board"
According to Mr.. Cornell about 40
settlements or transfers. thus fan
have been made. He said this morn
ing he hoped TO make ten or more
today and to "clean up" the entire
transaction by the end Of July.
The fault lies entirely with the
United States Shipping Board" he
declared Mr. Greenfield was one
of thirty or forty bidders who Of
fered to take over the Gardens as a
whole from the board and look af-
ter the transfers of the houses &c
the individual purchasers"
why was the deed made over &c
Margaret Virgins. instead of Mr.
Greenheld?" was asked.
We'll. Miss Virgins. who is pri-
vate secretary to Mr.. Greenfield. is a
single woman. whereas Mr.. Green
field is married and his family is
in Europe. Mr.. Greenfield himself
will sail for Europe on July Is. BY
out the deed in the name OF
Miss Virgins her signature is re-
quired instead Of those of both NJ
and his wife"
Here Mr. Cornell entered into al
lengthy explanation of the rGnner in
which the whole properly was trans
ferred by the Shipping Boacd to Mr.
He declared that iauch |
of the time lost since the auct'or
sale. which began on February q
and lasted tour days, was due TO iheI
fact that the board lawyers insist |
ed that all deeds should have 20 bt /
signed by the original purchaser OF
the property at the auction sale, ny
Miss Virgins, repres enting Mr
Greenfield and by the last assignee.
"Mr. Greenfield fought this three
party deed scheme" continued Mr.
Cornell, but the Shipping Boards
attorneys insisted upon L. Had il
not been included in the general
deed conveying the entire tract to
Miss Virgins, and had we been able
10 make the transfers according 10
the laws of Delaware without such
additional restriction, we could have
made settlements for -, properties
at a rapid rate. As it is we must
obtain the signature of the pur-
chaser. of Miss Virgins and OF the
last assignee"
We'll, who is the last assig-
Dee?"
since the auction sale" replied
Mr.. Cornell, after responding to an
OtneE Telephone call. nine OFT or ten
houses in the Gardens have been sold
and resold mostly from seven TO /
eight times over. Speculation in !
them has been much more active /
than the public realizes"
From other sources it was today |
learned that these last assignees" |
are largely Fred C. Snyder. of New |
Brunswick. n. j.; Hugh B. East |
burn. Of Bristol. Pa. and NJ. ]. |
Hill, also of Bristol. 1t furthermore |
was learned that these men have
made a business Of attending the !
Shipping Board sales of similar !
war villages" about the country.
buying in the properties offered and |
-hen reselling them at a pretty profit |
70 themselves.
At present. it also is said these |
,peculators are in Wyandotte, Mich,
attending another sale Of a war |
,iilage" by the Shipping Board In ,
,rder to make a settlement with |
purchasers OF the
aomes bought through these specu- |