Every evening, Wilmington daily commercial., 1922-02-27
UNION GARDEN SALE
BEGAN TO-DAY WITH
THRONC OF BIDDERS
Continued from page |

To the left Of the platform were
tables especially provided for news
paper men and to the right more
tables for members OF the II. s. Ship
ping Board Emergency Fleet Corpora
ton, who had motored from Wash
ington for the auction. In the center
OF the Auditorium 500 chairs had been
had been preempted early.
Terms Made Clear to All.
Promptly at ! p. m. Charles s.
Gerth, head OF Gerth's Realty Ex-
perts. and chief OF stafr OF the auc-
tioneers OF this organization began
reading the terms OF sale. explaining
as he did so every paragraph. lie
then gave brief history of the Union
Park Gardens project, saying In part
that the u. S. Shipping Board Emer-
gency Fleet Corporation had spared
neither time nor expense In develop
Ing this matchless Government hous-
ing project. He called attention &c
the fact that Union Park Gardens had
cost Uncle Sam more than S5,00o,0oC
and he said that while he realized
that Wilmington had taken great
pride In the community there was a
doubt In his mind whether or not the
true value OF II was fully appreciated
Mr.. Gerth said he would be keenlS
disappointed II the tenants did no
take every advantage possible OF thu
opportunity offered them to buy theil
own homes. He added that II the!
and citizens OF Wilmington other thar
tenants did not grasp the opportunit,
II would be no fault OF his or the L
$. Shipping Board Emergency Flee
Corporation, as everything possibl
, had been done to enable them TO biz
, aid acquire homes.
T In the course OF his remarks MI
; Gerth explained what II meant. in hi
= opinion, 10 own home In the city c
l Wilmington instead of paying rent, l
straightforward. forceful language. h
pointed out why renters In Whining
ton should seize the chance to buy III
] property offered. He pictured the ma
with the rent receipt In his pocket an
compared him with one who had
deed there.
5 Tenants Urged to Bid.
THE man who signs My Countr
q Tis OF Thee" with a rent receipt
i his pocket" said Mr.. Gerth. lis on
: kidding himself and serenading Il
. landlord"
Continuing, Mr.. Gerth said TIL
{ from his wide experience as NJ
!, tional auctioneer OF improved re
! estate an auction properly conduct
A revived interest in real estate geners
"a ly and tended TO create increas
n values in real property. In his e
perience. he asserted, he had nev
lS sold a piece OF improved real estate
J. auction that had not been re-sold
ID successful bidders. He prophesi
IT that the houses in Union Park Garde
pr would bring after the auction fro
$500 TO $4,000 above the knock dow
The 5oS houses l am Offering q
going 10 be sold at wholesale pric
and naturally the retail prices will
= based on the wholesale prices no m;
>. ter what they are"
Mr.. Gerth spoke with such SINGER
r and his appeal to tenants was
- forceful that he overcame any II
that may have existed on the part
the individual bidder.
=, 1t was not until close to l o'clC
/, this morning that Mr.. Gerth finish
his painstaking survey OF the housi
,- project. For the past two days J
Gerth has been making a minute stu
= Of each unit 10 be offered at aucti
He has visited every house and ev,
store and every apartment He !
examined foundations, walls. roofs g
interior decorations. Scarcely a
tail about any house has he failed
:, overlook.
Before retiring Mr.. Gerth reitera
what he has said before, and tha,
that he has never seen. nor has e
= known TO be offered at auction a
development. He declared that
u' property was Of a character that m
i.e him proud 10 offer It 10 the public
" II am hopeful" said Mr.. Gerth. -
N - - - -