Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1865-09-22

Prospectus The desirablcness Of the Public
Building contemplated by the friends of THE
Masonic Temple aud Opera House" the in
portant relations il would bear TO the further IN
proyement.of our city, the elevated character of
the purposes tor which IL is designed TO be usej,
aud the amos. positive assurance that its highly
compensating rentals will enable the Directors to
pay large dividends 10 its stockholders, has al
ready been discussed so freely and generally
by city press and by intelligent seeing,
aud pubic spirited citizens, TO render entirely
unnecessary the setting forth of our opinions on
these subjects. We WILL therefore. con6ne our
selves TO few practical suggestions, in the hoDe
thereby, to direct stock subscriptions into their
best and most natural channel, aud thus more
speedily, realize satisfactory results for our labors
l.. LOCATION.
The Stock Soliciting Board, whose names are
signed to this Prospectus, are we'll convinced
that the trus population centre of our city is
Pennsy lvans street, between Washington and
Ohio streets. On this (Pennsyvania street is
situated our Post Office, and other important
building are already erected, or in process Of
erection, or contemplated. both on the street it.
self and on the important outly ing streets, within
one or two blocks Of the localities we have re
commended. The Citizens Street Rolway. has,
at this date, a valuable thoroughfare on a por-
ton Of this street, and il is also the centre point
of the three importan; diretging lines in opera
ton oil Washington street and Massachusetts
aud Virginia avenues. We are also assured that
the selection of location on Pennsylvania street
would be speedily followed by the extension of
the road from Ohio street north TO Tinker street.
and thence west 10 Illinois street, where 1t would
form junction " ith the contemplated extension
OF the Illinois street line
We submit that no other street in the city can
present such combination OF advantages. And
Pennsylvania street has many other claims, but
We have not the space for, nor Go We tsel the
necessity OF, presenting them.
H. srosK plans
We have divided the capital stock (S40O O00)
into shares OF S25 each, to be called for by the
Board OF Directors Of the futsre and Incorporated
Association as follows: 10 per centum so 50
per shsre) when this temporary Board shall have
rsissd a sufficient aggregate OF subscriptions for
any preferred locality TO insure the of the
enterprise. aud then per centum 81 25 per
shafe) ia regular monthly install roeuts, dating
from and alter the 10 per eentum call.
The moderate size vi shares, aud their division
into small iustalneDts, payable at reasonably
dista mt periods. and delaying the final payment
for eighteen months. renders is. in our JUG men.
competent for every lrisnd of the project 10 afford
il some money sio. There are very few of our
citizens who could not take at least one share of
this stock, and We should all remember that
''mony mickels max q muckle."
III. WILL THE INVESTMENT PAY.
Parties are already seeking rooms IN the pro
posed building. modification of the plans pro-
posed by The Committee Of your fellow citixeas
tor the distribution of the building recommended
TO be placed Mr.. f. s. Alvord's lot. mace
possible now by the addition OF over eighty feet
frontage of cheaper land. will give, without
cramping, the ability 10 place the Opera House
in the first and second stories, TO bring the Ma
sonic Halls down into the third and fourth sto-
ries, thus somewhat reducing the height of the
Building, and yet gain four more good business
rooms on the ground h0os, basement OF enlarged
capacity, and fully double the number OF offices
reported in the plsns. By the proposed change.
| il il believed the business capacity OF the build
| ing would be augmented fully one-thrd As
suming that the enlarged building would eos.
| S4OU 900 which Is juss douole the amount ssti-
mated for 100 feet square and gives a margin OF
nearly 500 600 for building 100 by 2OO feet,
| over and above the proportion established by
| the 6rst estmate) and calculating the increased
capacity would only bring 10 ia oos-third add
| ton TO the rental (which the Com mittrs esti
mated A, about $50, 600 for the smaller building
anf wo have an aggregate ren's' IRON the nov
propo,ed building of s45 .000-a sun which
would paw shareholders dividend OF III per
cent, aud leave $1,000 year wish which 10
gradually Hquiiate the lien for The real estate,
whileit would at the came time, keep the build
ing 10 good and thorough repair
Ne nave been ereditably informed that he
Opera House recently flashed aud occupied at
Columbus, OHIO, has paid its SHAREHOLDERS the
extraordinary dividend of twenty Eve per cent
az the first years earnings. Now, argue.
with considerable local pride. that il Columbus
has done SO wonderfully, our city. which has
vesv wsishty advantages over Columbus in terri
| torial situation as State Capital. With fully
| twice the number OF oeBtering railroads, proea
| Div double the resident population. aud msny
times the amount of transient population. must
establish for our enterprise the moderate earn
| ings anticipated above
Nor ia this all. fellow citizens. Your State is
interlaced with railroads which make your city
| their eentering point. a trul, elegant building
as this is intended 10 be, devoted 10 most els
v-tng aud fashionable amusement, uiil readily
induce more frequent trips 10 Indianapolis ey the
CT zeos OF State who sre already notable Tor
Capital visiting There Is no class OF our resi-
dents Who would not ne benefited by this re
saltmg influx OF wealth and patronage Oh
those most userested ina attracting strangers 20
our city, We regard our hotel keepers. wholesale