Salt Lake Herald-Republican | 1916-09-29 | Page 12 | Kearns Buys 'White House'

KEARNS KES BUYS WHITE HOUSE Main ain and Second South Corner Corner Corner Cor Cor- ner Property Is Sold for for On On a n bid bi of or Thomas Kearns purchased yesterday at court urt sale sae the tho property at the southwest corner corer o oMain or of Main and ad Second South commonly known as n tho the White House Hous corner consisting of or a n. frontage of ot 46 feet 01 on 01 Main s street t and ad 15 feet on W. W Second South On it Bt stands a three story building occupied In bv b tho the National atonal B Bank of ot tho the Republic the White House hotel and other tenants The Tho consideration which is per pcr front foot Is said t to tobe tobo bo be the tho highest price ever eyer paid for Salt Sal Lake property The property was offered at a sal salby sale saleby b by a decree of ot Jud Judge o G. G G. G Armstrong Armstron Armstrong In tho the Third district court as the outcome outcome outcome out out- come of ot lU litigation aUn between James A A. A and Stephen Hays and the Phelan fun fund owners o of the thc property John CLynch C C. Lynch acted as master of ot sale Mr r. r Murray was there to protect hi his Interests and was Wa the only bidder t to oppose Mr Kearns Kearns He Ho s started th the bid bidding dint at Mr Kearns Kears bi bid and tire the figure went on in inI increasing increasing in- in I creasing until Mr Ir Kearns bid I more snore than I It t Is worth said sah Mr Murr Murray and tho the bid was wa accepted accented 1 b by Mr Lynch In accordance with wih the tho terms of ct th the decree Mr Kearns handed the tho master maste of 01 sale in cash The Tho sale alo is t to tobe tobe be confirmed by tho the court when th the balance of or the purchase price will wil b bo be paid over It I Is understood that Mr Kearns Kers was bidding as a tive of 01 the tho National Bank of the tho Republic Republic Re Re- public tenant In tho the building and that tha since it has acquired possession of or It its Is quarters the bank bak will wIl erect a n modern building on tho the ground bound or remodel th the tho present one I 1 made tho the bid of for tOr th the property mainly because I wanted t to protect the tho Interests o of the orphans a aSt at St St. St Annes Anne's to orphanage said Mr Kearns Kearn Kerns I last night night Pat Phelan left 25 5 pe per percent I cent of his estate to the orphanage I have no building plans under consideration consideration consider consider- and for the tho time being the prop prop- ert- ert will wil remain reman as 1 H it t Is Is O Of course coure as the city continues to grow It bt 1 Is 18 well wel to that that there will wil bo be a anew anew anew the new building bunding on corner comer