St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-08-28

est in the matter that so materially changed
the front of affairs. The history of the
matter is this: On the 21st of July about
fifteen gentlemen assembled in the hotel to
consider the best means of reopening the
hotel. As the owners would not consent
to rent the building again, it was decided
10 start stock company, and a resolution
was passed 10 call another meeting on Sat
urday afternoon. July %. In response TO
over 200 notices only about dozen men at
tended the meeting, and only two
or three were property-owneTS. That.
to start with, disguised me. But
having some particular pride in upper
town which ] have called my home for
nearly thirty years, and being interested in
property near the hotel. l felt dissatisfied
and l concluded TO try another plan. /
succeeded in finding party ready to fur
nish $50, 900, with the understanding that |
would furnish SO, 600, which cheerfully
agreed to do, while the rest OF the stock
would. it was hoped, be taken by limited
number of persons. / called on MeSsrS.
FOrepaugh d TarboX, but they declined to
join. But it was not on that account that
the
PURCHASE OF THE PROPERTY FAILED.
The owners asked ST5. 600; the party
from New Um offered S65, 600, $40. 900 in
cash and the remaining $50, 900 secured by
mortgage on the property. The owners
refused the offer. but came down to S1O.-
600, not. however, before two of the gem
tlemen had left the meeting and gone home.
A telegram was forwarded stating the nom
acceptance, to which an answer followed
not to offer more than S67. 800.
informed the owners of the con-
tents, but, unfortunately, some of
ROT IN
matter hung until Wednesday morning,
when the owners came down to SOS. 00O-
only $500 more than we offered. l at once
forwarded a telegram TO the party. to which
L received the following answer: De
cided better not 10 take it and drop the
whole natter
Il do not know the cause Of their chang
ing their intentions. but 1 know that some
OF cur own people are TO blame for it. If
men Ike E0Tepaugh 81 TarboN. who are
both interested largely III the upper part of
cur city, show a cold shoulder, and, in fact
stated that the price was high enough, and
IL another hOteikeeper states that the Metro
polltan hotel would not pay for a first. sec
ond or tnird-class hotel, such remarks go
ing to the party intending to make the pur-
chase, it is no wonder the matter fell
through. l asked wealthy man in upper
town to assist, but the only encouragement
ne gave was to state that if his aid was par
ticularly necessary he would give it rather
than see the scheme drop"
~ on do not then feel much pleased
over the result of your work, " returned the
reporter.
NO. / do not. feel entirely disguised
ana angry. 1t is enough for any man with
amy sort CT pride in the city
10 feel disguised when he sees such a
hotel.cIosed down. ] did say that from this
time forward / would not do anything more
towards opening the hotel. have grounds
enough Tor such decision. But il our up
town business men come together and act
i'll earnest at once L am yet willing to
DotALL I CAN
to accomplish something beneficial. Any
thing to help the city will have my assist
ance. That such has been done by me
heretofore can readily be proved, $500 for
the Metropolitan in 1S7O-S15O for the up
town elevator about the same time, 81. 600
for the Hotel Ryan. Whenever q bonus
has been asked, my name has appeared on
the list. Let our business men come
together once more as they did when the
Ryan scheme came up and let them show
themselves as liberal for the once highly
thought-Of Metropolitan. Success will Ger
tainly follow. 1t won't be many years be-
fore the Metropolitan will be nearer the
depots Of the Northern Pacific and Man.
itoba railways than the Ryan or Merchants.
Property will be worth double its present
value"
y es, said Mr. Benz as the reporter was
Withdrawing, Il am sorry that the offer of
S0i, 900 was not taken up last Friday. If
1t mad, worllmen would now be busy and
and the hotel open for business Sept. l."