The Daily times. [volume] (Richmond, Va.) 1886-1889, 1888-12-09
THE CITY.
Items : of Interest From
Richmond and
Vicinity.
THE Nkw aOTEL ENTFRPRIsr IL A
HOOM.
THE CITY
Briefs aud Personal.

A has already been published In the
llMts, the cost of the land and building
complete for the proposed new hotel is
limited 20 S2jOO00 The desired sub
scription 20 cover this amount. and no
subscription Is binding until 5000 900 has
been suhscrio bed on the completion Of
the building bonds 10 be issued 10 the
amount Of 100000 bearing five i5l per
cent interest, secured by first and only
mortgage upon the entire property
Stock TO Oe Issued To- each subscriber for
The foil amount OF his subscription
For instance, subscriber 10 one
thousand dollars Is TO receive ten l10)
shares of stock al the par value of one
hundred dOlla.s, and first mortgage
bond OF the par value Of eight hundred
doilars.
Five per cent. interest On the $500,
bonds SAY 10000 together with the
taxes and insurance, will be the only
fixed charge against the entire property
ID is believed that the hotel. when
finished. can he readily leased for $50 600
90 $4,000 per anuum, OF. Il the com.
pluy decide TO run the hotel in conncc-
sion With an accomplished hotel keeper
N ho would put in the furnishing OF the
hotel as against the company property,
much larger Tcvenuo can be obtained
An income from the property Of $50 1000
only will enable The company 10 pay the
interest on the bonds and insurance and
taAts-say 10 all. $4,000. leaving a bal
ancc tlat would pay six lGl per cent on
lhc stock as dividend Every sub
scliber, by This arrangement, would have
bond secured on the real estate OF
eighty SO per cent Of his subscriptions
and In addition would have the com
pauy's stock for the full amount sub.
scrhad
Yesterday morning, Major Norman v.
Randolph who has charge Of the sub
scrptions, appointed the following So
llitOrs
James y Boyd. Fred : Myers, Charles
Watkins. Miles " Cary, tobacco trade.
Dr George Il. Steel, Polk Miller, Main
street, west of Ninth and south Of Main
George a Ainslie, II. b owen, Ninth
% rcnla, from Bank TO river
B. f. Johnson, George b. McAdams,
Tenth o. Eleventh, from Bank 10 river.
Howard Swineiord. J. Taylor Ellyson
Eleventh 90 Twelfth, from Bank 10 Iiyer.
William II Weisigrr, O. l.. Coltrell,
Twelfth % Thirteenth, from Franklin
90 the river
John Elicit, John b Purcell, Thir-
teenth To Fourteenth, north side Of Main
10 Broad
George D. Thaxton, Ad Blair, Thir.
teeuth % Fourteenth, south side OF Main
20 river
Henry Bodeker, NJ. Hessberg, -Four
toenth 10 Fifteenth, north side OF Main
20 Broad
J. {. Younger, Levin Joynes, Four
teenth TO Fifteenth, south side Main to
river
ii. NJ. Smith, Jr. John Z. Rose, F.f-
teenth TO Market, from nortl side Main
20 Broad
John NJ. Higgins, John II Frischkorn
Ola Market. Seventeenth TO Eighteenth
streets, north Of Main.
Alexander W. Archer, John A. Curtis
Fifteenth to Twentieth, south of Main.
q. Wat Taylor, W A. Boswell, Church
Hill
c. 4. Baldwin, William Cans, Broad
street. Tenth TO seventh, both sides.
G.. 4. siegel. julius Straus, Broad
street. Seventh to sixth, both sides.
John NJ FOurquIeen, William l.
White, Broad street, Fiith TO Third, boil
sides
Frank p Burke Joseph W Laube, X
II NJ. Harrison Broad street. west o.
Third. both sides.
7. II. Elicit George c Mountcastle
Marshall street, Fourth to Seventh, In
cluding the Market.
Fritz Siuerding, Thomas \. Render
builders and contractors.
The subscriptions now amount Il
1925 600 and If the solicitors will 60 t'
work promptly this week It is believed
the entire sum needed can be raised by
saturday night. The districts have beer
40 divided that from three 10 four hour
win be all that is needed to see ali th'
residents Of each With united etior
success is assured, and Major Randolph
will be glad TO give any further iniorms
ton desired
subscription blanks aud The hnGncia
olan which was suggested by Major Levi
Ginter have been mailed 10 each chair
man of committees. The smallest sub
scription T. shares valued al Sl20