Los Angeles daily herald., 1889-07-23
THE BIG HOTEL.
The Last Gigantic Effort to Get Ii
Ruilt.

The Last Gigantic Effort to Get 1t
Built.
Those who undertook to build the
great hotel at the corner of Main and
Tenth streets publish the following list
of stockholders and the amount OF
assessments already paid in by each of
of the subscribers:
STATEMENT OF ASSESSMENTS PAID.
D. B; AleKsnder snd $3.50; M T. sad6 ellen $25q
Marie A9ze5 500 A Il Austin ahS S5oo; W;
Banning, $500; H. A. Barclay, $500; +. II
Barclay, 800; S. C. G. Barclay, $500; A. W.
Bird, $500; Jotnam Bixby, $500; Bonebrake &
Russell : stephsen9soSon. 81 1888. 49, Mrs
GGSeili GSSteirline, e. $3.50; Charles Chsrnock, 500;
Q. W. Chi DIS $4,000 g. A, Clark, $3.50; K
minis, $3.50; A. Callahan, $500; W. 7. Dalton,
$3.50 Chas. Z. Day, $50; j. M, DeCells, $3.50;
Rita DeCelis, $3.50; Pedro DeCelis. $500; j. A
DeCelis $500; L. E. Denman and J. H. Brown,
$1,000; a e. Denker, Sill ,250; E. DeUrquisa,
$500; John Dieserick, $3.50 N. Dodsworth,
500 Jonn G 3do dPocwPney 81 200; Mari Maria A. De
$500; $500 !. gS i. Farmer, $3.50; +. &. Flores. $S5;
siso A1dles easss s1sc John aoId
Ferdinand Gottschalk $3.50; H G. Graham. $50;
NJ P. Grove, $125; M: Hogan, 81 900 Chas
V. Hall. $3.50; Samuel Hamilton, 500; A. N.
Hamilton, $50; Henry Hammel, $111 $50;
Hansen. $500; @. N Hassen, $780, l. W. Hell.
man $500; aellman, Haas & Co.. $3.50; Thos.
j. G. HYDE. $3.50; George Trims, $3.50;
svns sssoS SS SsS dhHson B. seE%au2 s1ssGw 1sB sioo
KiSney, $500 &. & Ruster, $500; T. FoPoy. F. Ry
$3.50; Isaac Levy, $500; Michael Levy, ST. ,875;
/. Lion & Son, $500; Hervey Lindley, 800; s.
$500; j. A. Lothian, 1875 John Loreii, $3.50
8 W, Luitweiler, $50; W. H. Mansfield $780,
S9ha MasEsl $500 Ia nrs L. Mattnsws
int sd $780, 'qGs F1ssuoiscS 4 sfoS5 $685.
Dan Mcfarland, $500; E. T. McGuinness $780,
Sam Meyer, $3.50; j. M. Molle $500 jno. F.
Moran. $500; Fred NOSE, 800; T. E. Newlin,
$l0o Jno s5s6 Niles $3.50; A. NussoT $780,
Pomeroy, 1925; A. G. Potter, $3.50; VIM Ray.
mond, 81 ,5O0;J Burgess Reeve, 1925; John I.
Readieki $500; g. W. Eeid $50; w. A Rhodes,
S5sSt S5sSi Sa ss&biohi & 300; 3 NUS; ~ sa9dsSs s
SSoG bs 4 sssd Lumber GG
E: F. Stamm, $3.50; Walter D. Stephenson,
$1,000; 8. stoll $500; A. II suskind, $3.50;
Valiant sa5S VAN poren ooSs sioS spUS Geo eco
Vignolo, $75; Albert II. Voignt, $3.50; NJ
Ward, $3.50; Georgoria K. Ward, $3.50; T. ].
Weldon, 500; Stephen NJ. White, $3.50; NJ L.
Wicks, ST. 900; Cyrus Willard, $3.50; Geo. W.
Williamson, "a 900; Chas II. Williams $780,
r. g. Wilson; $1,000; L. Winter, $500 VIM.
In addition to the above list of pay
ments the following named stockholders
have advanced cash over and above their
assessments, in payment of the debts of
the company, as follows:
Hammel & Denke $23, ,O95 95; A. Z. Pom
eroy, $125; NJ L. Wicks, 5000.
E. G. WILSON, Secretary.
The company issue now the following
circular, setting forth their plan for the
completion of the great enterprise:
WHERE'S The Main and Tenth Street Hotel
Company contemplate issuing bonds
for the purpose of completing the hotel in
course of construction on its land fronting on
Main, Tenth and Los Angeles Streets, in the
City OF Los Angeles; and
WHEREAS, A careful estimate has been made,
showing that the hotel can be completed ac-
cording to the original plans at an additional
cost of somewhat less than $500 900 copies of
estimate in detail have been printed. and can
be had at the office of the Company); and
bnndraa ond is @ pess 10 dss9e @ nn ye
Dollars each, due twenty (20) years after dale,
bearing interest at the rate OF six (6) per cent
per annum interest payable semi-annually, for
the purpose of raiting the money necessary to
complete said building, which bonds shall be
first secured by deed OF trust or mortgage on
WHEREAS, The Directors have received as. |
surance that the bonds above mentioned to |
the extent of $500, 900 can be readily disposed |
of; pr0Uided, the interest on the same is guar |
anteed for the trst five years; it is now pro- |
posed to issue 500 bonds OF $500 each to guar |
antee this interest; said bonds to run twenty |
81 "a nj si moi
cent per annum, after the second year; which |
said bonds shall be secured by a second mort
gage or deed of trust The money obtained for
The 500 bonds at 1900, amounting to $15O,OOO,
to be deposited in some recognized trust insti-
tutions or nks pending the payment of inter
est on the $500, 900 in bonds as 1t becomes due.
The unused portion of the $3.50 600 to earn
interest said interest to be devoted to paying
taxes and other incidental expenes.
Now, THERE, THIS IS TO WITNESS, That the
Undersigned do several y subscribe for the
number of bonds set opposite to cur respective
names, of Three Hundred Dollars each and we
severally sgree that we will receive and pay
par for the several bonds set opposite to our
respective names, whenever aH of said Five
Hundred Bonds at Three Hundred Dollars
each are subscribed for under the terms of this
agreement, and not OtherDiSe.
This subscription is made with the under
standing that no interest shall be paid on the
said bonds of Three Hundred Dollars for the
Srst two years from their date.
1t Is further expressly understood and agreed
and the money secured therefor on or before
January lst 1890, then the amounts hereby
subscribed shall be returned to the respective
subscribers.
Dated. Los Angeles. 1889.
The next step was to put 100 canvass.
ers in the field to solicit subscriptions
from the people in accordance with the
above plan of operations. The gentle.
men who are moving in this direction
are sanguine that their efforts will be
crowned with success. They say they
meet with every encouragement from the
public and have numerous promises of
help as proposed. 1t will certainly be a
great thing for the city to get this fine
hotel set on its feet.
A Prohibition Reception.