The Portland daily press., 1889-12-11
ANOTHER MILESTONE TURNED.
The Opera House Committee Con-
slider Ways and Means.
money First; Lot Afterwards, the
Sentiment of the Meeting.
Bonds To Be Secured From the
Owners Of Eligible sites.

means and the subcommittee from the
trades was held last evening in Baxter Hall.
chairman Theodore c. Woodbury. called the
committees to order at exactly s o'clock. At
Ter the reading Of the records of the last
meeting by the secretary, Mr.. S. L. LARA
pee, Colonel Osgood, for the committee on
ways and means, reported that they had ap
pointed the subcommittee and had notified
all members of their appointment. The list
OF names was read and answered to by rs
out of 202. although the chairman stated that
many others not present would serve on the
committees. On motion of Edward A. Noyes
the temporary organization was made perm
anent. Daniel Mannix was added to the
stone workers committee in the granite in
terest. On motion of Mr.. Noyes the sub
committees were authorized to fill vacancies
in their own number. The chairman then
stated that the committee of lawyers had
been notified by their chairman to meet at
his house on Friday evening to take meas
ures in regard to raising their share of the
funds, and he suggested the same method as
advisable in the other committees. Mr..
Noyes then called for the report of the COM
mlttee which had been instructed to prepare
plans for three locations. Mr.. George C.
Burgess, for the committee, exhibited plans
of the ellison lot, where II. p. S. Goods sta
BILE stands; the Libby lot, so called, on
Green street, near Congress; and the Jones
or Mussey lot in the rear of the State street
church.
Considerable discussion followed Mr.. Bur-
gess's report, but no facts additional to those
already in possession of the public were de-
veloped except In the case of the ellison lot.
Mr.. George S. Hunt stated that he had been
in communication with Mr.. ellison. who had
stated only today that the lot was in the
market, and that while he could not fix the
price without consulting certain other peo-
pie, he had no doubt that the price would be
| made as low as it was at first. MIR. Moves,
to bring the matter TO point. moved that it
be the sense Of the meeting that the ellison
lot be chosen as the site of the opera house.
This provoked storm of opposition. Ex-
Mayor Deering inquired if the owners of the
lots had given bonds to keep the price the
same. Mr.. j. Henry Crockett, ex-Alderman
Galley, Mr.. j. ID. Hamlen, Captain Charles
j. Pennell and Others manifested their dis
| approval, and Mr.. Crockett's motion amend
atory of Mr., Noyes's, that no lot be decided
upon at this meeting, prevailed. Mr.. John
Z. Dewitt expressed his disapproval of this
action, saying that he thought it would be
easier to get the money if when people were
asked to subscribe they were shown lot of
land and the plan for building. Warm ap-
plause followed Mr.. DeWitt's remarks. On
motion of Mr.. Deering the executive COM
mlttee was requested to secure bond from
| the owners of each of the three lots
binding them not to increase their
present price in the event of the
choice of their lot as the site. Mr.. Dewitt
| undertook to have this motion amended so
as to secure bond from the owners of the
ellison lot, only, but it was voted down. 1t
was then decided to drop the question of lots
and take up the main question, that of
money.
Mr. William II. Moulton at the request of
the chairman. read the following prospectus
intended to be placed in the hands of the va
rious subcommittee, and used by them in
obtaining pledges to subscriptions of stock 4:
We, the undersigned, agree to take the number
OF FULLY paid up shares of the par value of ten
dollars, n the capital stock of the Portland Opera
House Company, set opposite our respective
names, and to be paid for IN quarterly payments
as called for by u directors Of said Oper. House
company; put at least 900 sixty days shall elapse
The subscriptions to be made ON the following
First-That the capital stock of said Opera
House Company shall be (s75,ooo) seyenty-five
Second THAI il the full amount of the capital
stock Of said Opera House Company is not sub
scriped for by May. l, $780, our subscriptions
Third-Thatthe bylaws of the corporation shall
provide that no bonds, mortgages, liens or incum
ORANGES Of any kind shall be placed upon the
property without 4 vote or written assent of at
least two thirds of the total number of shares of
stock. and that the bylaws shall not be changed
In that respect without like two-thirds vote.
MI. Edward A. Noyes moved that the form
as submitted be accepted and placed in the
hands of the several committees and that
they proceed at once in the work of canvass
ing, reporting progress to the general chair
man, Mr.. Woodbury., weekly. Mr. George
S. Hunt seconded the motion. Mr.. LARA
bee said he thought that at last, the meeting
had reached an important point; that rails
ing money was what they were called to-
gether for, and that it was important to go
about it in a right way. He called atten-
ton to the clause in the agreement speaking
Of shares Of the value of ten dollars.
He said that there was no such corporation
as the Portland Opera House Company with
shares at $10 There was one with shares at
500, and it wonld be we'll to have some au.
thority to change before changing. He sug-
gested that the form be submitted to COM
mittee of three for revision to meet this OBJ
lection and to contain clause doing away
with free seats for stockholders. Mr.. Bur-
CESS answered Mr.. Larrabee by stating that
the legal adviser of the committee had in
formed them that no such evil as Mr.. LARA
bee imagined would follow the change in
value of shares. Mr.. Noyes said he was sor-
ry that Mr.. Larrabee had felt called upon to
make objection to the form submitted by Mr..
Moulton. 1t would have been better to let it
stand and to 60 ahead with the work of rails
ing money. The people who subscribed,
knew what they wanted, and for his part,
he failed to see the point taken by Mr.. Lar
rabee. Mr. Woodbury. called MT. Noyes to
the chair and said that the form had been
submitted to the committee, thoroughly dis
| cussed and by them sustained as the desire
of the people, and that it seemed too bad to
raise objections now. We don't want talk,
ha aid hut % oh aud tho 20 oh mo ,oucf oot