Evening journal., 1922-02-18

Continued From First PaRe.)
ests are becoming anxious to estsb-
lish plants in this city.
All things considered. the auction |
is one OF the most important Of It's |
kind ever before undertaken and |
judging by the interest being taken |
locally a stirring chapter IN United |
States realty history will have been |
recorded when the sale Is termi- !
rated. Newspapers in every state |
in the Union have received notices |
OF the sale and posters have gone
out TO federal buildings and offices
ir hundreds OF municipalities, be-
sides thousands OF letters. telegrams
circulars and mass OF other litera-
ture. Never has an auction sale
been more widely heralded. No
fewer than 500 publications have al
ready devoted a generous amount Of
space to help Uncle Sam salvage
some Of the money put into this par
ticular project. Editors have un-
grudgingly aided wherever and
whenever asked.
The United States shipping Board
Emergency Fleet Corporation Is said
to have spent s5.25O.OOO in making
Union Park Gardens the beautiful.
residential section II is and. TO say
the least. the architects and engi-
neers achieved enviable results IN
accomplishing the job assigned TO
them Few projects OF this charac-
ter are comparable TO Il; few meas
ure up 10 Il for charm. attractive
ness and desira bnity. IL enjoys the
distinction OF being 100 per cent
completed and OF being a real credit
TO the community in which It was |
created. II has sewers. gas, electric |
light water and other improvements |
and conveniences. Two trolley lines
from the heart OF Wilmington or the
famous DUPONT Building-2O min
utes' ride away-serve It's inhabi-
tants. Nearby are markets. shops
garages. churches clubs. banks and
all things to be found in a large
city
The chief aim OF the United States
Shipping Board Emergency Flest
Corporation in offering the property
at auction is to have as many in
dividuals as there are dwellings and |
stores bid for them. While Il does |
not relish the idea. the board is
hound to first consider bids for the |
property In it's entirety. although |
this does not mean that 1t will so |
be sold The desire OF the board is |
to have the property pass into the |
hands of former war workers and !
home-seekers generally II is leav-
ing no stone unturned to enable
Gerths Realty Experts to proclaim
the fact that all citizens who may
be interested are urged to attend the
auction and enter bids FOR the prop
erty All bidders are cautioned TO
bear IN mind that the property viii
he sold under the following plans.
A. The property shall first be Of
fered In It's entirety. subject 20 the
express conditions that the highest
bidder shall deliver to the owner
within "a hours after the termina-
ton of the sale a list OF an the indi-
vidual properties Included IN the
project showing opposite each prop
erfy a price applicable thereto. the
total Of an such prices TO be equal
10 tho amount Of tho lump sum bid
and that Y such lump sum bid shall
be accepted by the owner the indi-
vidual tenant OF any OF said prop
critics shall have tho option for a
period OF thirty days after posting
of iist as hereinafter provided OF
purchasing for his own use from The
lump sum bidder the property oc-
cupied By the tenant az the time OF
sale. upon the terms prescribed for
sale plan p hereunder at the price
set opposite his property in the list
above referred 10 plus 10 per centum
(10E) thereof
'F. The second plan provide.
that immed ateiy following the Offer
or the property under sale plan "A.
il shall be offered by individual
units. or by lots or groups. as ma,
be determined by the owner. in IN,
manner and on the conditions sci
forth IN the terms OF sale. II IN,
total OF the bids received under
sale plan B' shall equal or excee,
the highest lump sum bid receive,
under sale plan a. the bids re
ceived under sale plan "A shall b.
rejected Within three days afte
the completion OF the sale unde
plan b.. announcement will be mad
by the owner through the public
press Of Wilmington. Delaware, an,
al n q. Office OF the owner at 21O'
Lancaster avenue. in said city, un.
der whic hof said plans the propert.
has been sold II under either
Under both plans the tenants. M
matter what rumors there may be q
the contrary. enjoy unusual protec
ton. Under Plan A they will b'
able 10 buy the property. II they sc