The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-05-15
THE DE SOTO'S OWNERS.
THE NEW HOTEL COMPANY's AN
NUAL MEETING.

NUAL MEETING.
President Corners Report to the
Stocknold ers-Wha DE Says About
the Company's Affairs-The Build
ing to be Comp eted by Christmas
The Old Board of Directors Re-
Elected.
The stockholders of the Savannah Hotel
| Company held cir annual meeting in the
council chamber Of the city exc ange yes
| terday morning at IL o'clock. There was a
full attendance. and great interest was
manifested in the proceedingS
| On motion Of Mr.. J. H. Hunter Col.
George L. Cope was called TO the chair, aud
Mr.. c. A Reitze was Appointed secreta y.
A committee on proxies, co sisting Of
Messrs. Denmark, Hunter and Eli en-, was
appointed, and reported that lbs shares
! were represented. There being q majority
| Of the shares re resented, the meed pro-
| ceeded e. business
1T q abse CO of Mr.. Co ner, Vice Presi-
dent Rauers read the presidents report.
To the st holders of the Savannah Hotel
| Company
GENrLEMEN-In accordance with a resolution
iopted at the stockholie rs' meeting he'd May
| g. 1888, your board OF directors at on-e a liver
| hotel. Several plans were submitted. mona of
| which met fully tie id .as OF the ard and
| building committee. Those submitted by Mr..
| w. u. Preston, Boston, Mass. came nearer what
was desired, and ne was employ d. and his plans
we're chan ed to suit the wishes OF the b ard and
| building comm ittee. Immediately upon receipt
| of working plans and specifications bids WERE
ADVERT ed for 10 do the work number OF
| bids were received and the contrac. was
| awarded on Dec. 8, 1898, to MesSrs H. r. L. -
man & Co. of LETTERS ouvile, In l., for S225 800,
| At lowest
| their contract to complete the buildi x by Dec.
| y, 1880. Including cost OF lot the material to
| he furnished end that portion OF the WORK to be
| done by th', 90 npany, and including heating
| apparatus. electric plant and wires, gas pipes.
chandeliers, etc, ii is es:msted that the build
| ing complete will cost about $375 100. To meet
the amount of Sl79,oO0, and have
prepared for issue $200,0O0 of per eat.
thrty-year bonds, dated May ], 1882 bearing
interest from July !, 1889, coupons PAYABLE
| January and July OF eich year. The bonds
| are secured by q mortgage on all the property
of the company, mai to John L. t,n'aond
| and Horace A Crane trustees We have
| subscriptions for Sl06Q0l Of The bonds at par,
Leaving $4,000 yet to he placed. 49,
| OF e stock subscriptions S169 o75 have been
| paid in ana Slb209) 50 have been expended,
hagi * on hand in cash ST., 067 ~. as por state
! ment of the treasurer herewith sub nit d. The
balance OF unpaid subscriptions. Sl0,095, IS con-
sidered good.
Even with this, in order to provide for posi-
| be contingencies and a reasonable allo~ vance
| for sucn furniture as We may have 20 buy, 1t Is
! very desirable that our stocs subscriptions be-
| iucIea sed to at asst S225, 900. The building,
when complete, besides p2rlors, dining aad
! otEer rooms necessary 10 tirtt-class otel, will
| have 201 finished bedrooms. Tuere Will also be
| space under the roof for some thirty or forty
more rooiAs, which can be fms ed
| as occasi1 may require. The tu ing is
| also planned with view TO future extension
| FOR tae present it has been decid34 to leave
| standing tIe old building Dray on sire to
b. itted up for 'itchen and servants rooms.
| II is unnecessary, if not impossible, IN report
! of this kind, to give detailed state nent o.
| everythin, that has be n done by your board
| during the past year. but full minutes nave
| been kept by YOU secretary. which are, OF
| course subject TO the spection of each and
! ev ry stOckno.irr.
| While the contractors have pushed their work
with an en- 'rgy and thorough knowledge of
their business lat has been very .Eratity to
! the board and buildi z committee they have
also evincel an in ere in ths enterprise l /
have ct all suggestions OF changes and alter
ations in suca a fair and lib ,ral spirit that 10
| frict on whatever has arisen, AMI we see no
reason why they VIII not De able 10 complete
the work in q manner entir ly satisfactory and
| within the time specifial in tneir intract.
II. NJ Conner, President
The report, on motion, as read I'd or
| dered spread the minutes
The t easurel'S report was also read and
ordered to be FL d and the toGaiS recorded.
Mr.. DENIM ark, from the com Hittes Ga
| constitution and by laws, submitted a re-
|
| was a 10 ted.
Wee Presi ;eat Raus informed the meet
inc tnat the bonds were re dv. and NOM
ters win antici p ted leaving tle city could
geJ them.
Ga motion of Mr.. M. Y. McIntyre. the
old GARD of directors was unanimously
rejected, namely:
H. NJ Conner. George J. Baldwin,
Lee Row IyerS, David Wells,
.. H. Estill, w. w Gordon,
Jacob Rauers, Jonn Fan cry,
B. A. Denmark.
On IN oti0n of Mr.. d. /. Mclnsy'e, every
stocknolder was eQues ed to exert himself
e. raise the S45,0 900 required to complete III >
capital stock Of the nonpany.
Getting # the ari was held inlmedi-
ately after the ADJOURNMENT Of TIE stock
holders meeting. Mr.. ID vii Wells was
called to he chair On motion the follow
ing officers were u ami nously reelected:
| Presi.!ent--H. NJ. Conner.
| Vice Presi lent. RauerS.
Eecretary-C. A. Rsitz'.
TreasurerH. n. Conner, until such time
as the board If directors may elect another
treasurer.
Another meeting Of the board was held
at the cotton exchange at 4 o'clock in the
afternoon flr the purpose of con. le ing
ii s for heating apparatus, engines, boilers
and laundry MACHINERY, The question of
lighting was also brought up. T1e biis of
one OF the parties for the heeti e. etc, was
referred 10 Vice President Rausrs, and it
was decided to have ga pipes put in tho
bui.dlIg.
Ho! for the Regatta at rhuad srbolt.
Don't fail to attend TIE grand regatta at
Thu9derbolt tomorrow by the Savannah