, 1874-12-28

We havo certainly three hotels which i'll nrclii-
tcotnrs, spaoiousness, convenience Of arrango-
ment, aaornmo,lt nntl stylo Of living, defy RI
vnlry III this country Or Enropu. Wo havo
q 1s,sss of others which olor MI tho comforts
and advantages Of ordinary llotol~lifo. Wo
havo hotels kept OIL tho E,iropoan plan, hotels
9arnis, and priyato faniy hotels in great
number md Of oxcollont character. Butwo t1o
not believe, with NIL this, that tho 1otol-bl1si
ncsa is nctunlly ovor1ono in Chicago,
though such is tho gonoral impression. 1t is
certainly far in advance Of other ctios; but it
is characteristic of Chicago to bo in advance.
Tho l,otcl-room of tlin city is not too largo
for tho business, with proper and variea man~
ngelnont.
The cllango TINT llas taken p1aco in tho
Pacific is tito result neither Of bad nlnnngo-
mcnt nor Of loss of money. It is claimed,
mud We bcliovo with truth, that tho house
Inns considerably moro than paid its woy from
tho day it was opened. notwithstanding tho
hard times mud tho aotivo competition. No
other explanation for tho enforced retirement
of a1essrs. GAoE aud RICE is necessary than
tho fact TINT tlloir original out1ay exceeded tho
RESOURCES which they wcrc subsequently able
to command. Thoy counted upon effective
assistance from, MIR. DAVID 4. GAGE which
was not forthcoming. He invested il tho
house hut small proportion of tho capital
which ho WIS to put into it, md which ho
was regarded as abundantly nblo to furnish.
When his dofalcation becamo known, Mr..
GEORGE W. GAGE md Mr.. R1oE borrowed
$4,000 to pay him back what ho Ind put
into the common concern. Thus two gon-
tlomcn of limited 1nsnns woro forced to carry
sa5u, 1000, tho original outlay, which was to
have been divided between three, ana tho
third I, man Of supposed wealth. II is not ut
MI strange, therefore, that they should haro
bcen forced into retirement with the loss Of
what thoy had already paid in.
A1essra. GAGE aud RICE, aud particularly
Mr.. GEonaE ". GAoE, aro entitled to tho
oarncst sympathy Of tho community. They
hive maintained, undor exceedingly unfay-
orablo circumstances, q lotol that was a
credit to tho city. Mr.. GEORGE ". GAGE,
who was possessed Of fortune at tho time
of tho fire, now goes out Of business at IN
advanced ago with little or nothing loft +;
| and it is sincerely to bo hoped TINT ho will
yet havo time mud opportunity to recuporate
| his financial standing.
! The future Of tho Grand Pacific Hotel,
| VIC think, is assured by tho trans.
| fer Of tho lease and management
to Slr. JonN 3. DRAKE, for many yoars pro-
priotor Of the old fremont House, md
ono Of the most popular and expert hotel
managers in this country. Mr. DnAKE was
reared and educated to tho career Of q pro
fcssional lost, and for twenty yeara naado tht
fremont House the central point in tito Cit,
Of Chicago. Ho is yet III his primo, is full
of ambition, and has ample means Tore
seeing somo aucl result as this, llo held aloo
from all tho hotel projects that grew out O
tho fire, mud llo has not gono into the Paciti'
now without fully making up Ills mind thu
his timo has come, and TINT lle can malso j
pay whi1o sustaining his past reputation
His SUCCESS is certain.