The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1890-10-07
Thomas ". Prosch. y. = NeCsisteek snd
w. r. FORREST

w r FORREST
1 cHAnsEn DurEDrSe-
The following proposition from Judge =
r Lewis was read:
Toschfnx De erection Of Z busdinx In ~
chamber. submit fhe following pecposftion:
Lccztion. corner 81 Third and Cherry suesek
Lots l20xfzD issG
] Win Iesss ~ ion ~ twenty ysau O :
basis Of pr cent PER annum. interest," peysoae
$4,000. ana fhs Ioss to ~ vs1ued ssch nve yean
fhereafteE II The parties eannos axrees hsn -
them select n umD6rs - decide.
The chaUber 70 erect chamber 70 60 -
less fhan U4ooo. aud pey Ill t&xes and aaseM-
neuss On The houoe snd lots AZ the end Of ne
lease viii take the building q cne-haif Of ~
then reasonnble vuIne, to ~ fixed - valuaticue
ere Fixed
suggest INST special corporation b Organ
fxed ~ The chamber 70 - known - the bNiId-
ing depaFsmenk with capital say 81 Q50eW
the stock 70 ~ taken By memcers OF tbs cham
her. assessments On such stock Eay SuK 10pH
cent pr month - WORK progressss-1o per cent
Of this sock &5.Ooo could give possessiOn Of
the properly the nsst Of December.
In explaining his proposition Judge
Lewis said be was trying TO lease the prop
ersy He wanted 70 lease II for building;
sitiOn was made to the chamber, but II in
the meantime some one else came along he
would not promise to hold the offsr open
STABILITY Of the chamber having house Of
It's own Whenever the chamber decided
70 build be would do his share.
Mr.. Rees p. Daniels thought the cham
Der should buy . lot outright Under
Judge Levh' proposition the chamber
would 1t the end Of twenty years have lost
the land and would be IN pocket only halt
the value Of the building. II the chamber
bought the land now. the property would
1t least double 10 value u the end Of twenty
years; and the chamber would have the
land and the building. He suggested that
the old courthouse site be procured.
Mr.. Tarbell said that till the members
would attend the meetings Of the chamber
It WIS foolish to talk about nev building.
The chamber didn't want . big Office build
ing. There were more Offices In the city
now than can b rented for two years The
chamber should do something to advertise
the city Of Seattle-4 thing which had been
attempted most ineHectively by the board
OF trustees, Mr.. TarbelI thought. He
therefore moved that the whole subject b
laid on the table Mr. McCiintock sec
onded: but the proposition was over
wheimineiy voted down.
Judge Lewis said he was not prepared to
say what he would or could do in the way
Of giving the chamber an option on the
property 1t the end Of any of the ive-year
periods. His proposition was merely TO
bring the mattel before the chamber. He
had no pet scheme, no speculation to go
into. Ii the chamber preferred TO buy an
other piece Of land he would 60 in heartily
with them.
Mr.. J. II. Wrestling believed that the
chamber should provide fora longer period
thantwenty years. At the end Of that time
the property would go back to Judge Lewis.
Mr.. e. r. Wittler urged the appointment
Of committee ~ take all sorts of PROPOSE
tons, and then discuss them.
Some discussion then arose Is TO whether
the chamber was of the opinion that q
building should be erected Mr.. Wrestling
thought there was no question that it was
desirable TO have the chamber own its
property, but till COMMITTEES was appoint
ed they could not find out whether such .
thing was practicable at the present mo-
menf. Mr.. Wiestling's position was sup
ported by Q vote, and il was agreed 10 have
. committee investigate. The chairman
appointed Is the COMMITTEES Messrs. J. n.
Wrestling. Andrew Knox, Z. C. Kilbourne,
J. r. Hayden. r. r. spencer.
On motion Of Mr.. Tarbell it was voted "a
advertise for propositions for property.
FINANCES or THE cHAMBER.
The auditing COMMITTEES submitted III :