Jasper County Democrat, Volume 18, Number 62, Rensselaer, Jasper County, 3 November 1915 — Several Bidders After Bedford Business Property. [ARTICLE]

Several Bidders After Bedford Business Property.

Rev. C. W. Postill, as administrator of the estate of the late F. W. Bedford, received bids Monday for the ground and building where Barnes’ restaurant is located, or a part of the two buildings occupied by Mr. Barnes, rather. 1 ’ The Bedford estate owns 14 feet and 2 inches, and the Monnett estate owns 8 feet and 4 inches, making 22% feet front on Van Rensselaer street, by 140 feet deep, and the latter heirs decided to let. it all sell together. The property fronts the court house square and was appraised at $125 per front foot for the ground and SSOO for the building. Sealed bid* were asked for, and Jerry Healy, Mat Worden and Dr. H. L. Brown put in bids. Later it was announced that bids would be received openly and the amounts of the sealed bids for the entire 22% feet was noised about. Jerry Healy’s offer of $3,700 was the highest figure in the sealed bids, but when the parties started bidding against each other Brown is understood to have bid $4,000; Healy, $4,005, and Worden, $4,200. At this writing the matter has not been closed up, and some of the parties desiring the property expressed themselves as dissatisfied with the manner of bidding, after it had been advertised to be sold on sealed bids. Mr. Worden stated to the writer yesterday morning that he would withdraw his bid or reduce it. Jerry Healy, who owns the 34 feet immediately south of this property bought it some 20 years ago at $45 per foot, including building.