The times. [volume] (Richmond, Va.) 1890-1903, 1890-08-08
.,,IENDID HOTEL SCHEME.
PROPOSITION FROM A WALL
STREET BANKER.

Tho riap. 10 Seems, Is Entirey
,,cabie and the Necessary Money ca" De
Raised without any Trouble Whatever
in New York.
To talk about a new hotel is not TO intro
Juce a new subject, 10y any means. IL Is an
old one. IL has been well ventilated ana
piciurcd in all the phases tina, could De
drawn upon, in order 10 fasten public ai,en-
lion. but never forcibly enough 70 bring the
hotel into existence.
tits discouraging to think Of this, but as
couragcment ought 10 b. booted out oil Tue
way. and IL is possible that in the future II
will be. Richmond cannot stand stu IN
measure Of such magnitude. II cannot shul
its ewes 90 this prime need, in It's forces "i
material Advancement.
Talk Of any city that is distant, ana the
names Of its leading hotels come 10 lhe
Inns more patty than anything eise. II
man were tO forget the name oil Ntahta,
the mention Of the kimball House would
recall IL, and 80 Of Chicago win IL amer
House. its Auditorium. and New oiA Win
its famed hotels. ,.a
Of n hotel here. That question has been SO
pafent that IL does not bear discussion Inc
hing to do is 20 take steps 90 get what II
wanted. and number Of futile attempts
have been made with such an end IN view:
These have failed. The press has done all
that was expected, and echoed ana re-
echocd the wishes Of the people. but All 10
no nurroso. The reason was that the incep-
tion of these movements was badly based
Work was commenced at the centre ana
was lost on the limits of the circumference.
NEw sTEP.
Recently. however, new step has been
taken. one that commences on the clrcum-
florence. and works back toward the centre.
and If this movement is nurscd, II may re-
sult i'm an earlier realization Of the dement's
of first-class hotel than has hitherto been
expected.
public spirit, an extensive business ac-
uuaintance. and a level head on matters oil
all sorts, looked at the need of hotel, ana
carefully surveyed all the probabilities ol
the situation. He looked back over the
field where former efforts hOurishcd for
awhile. and then faded, and in this review
thought that he saw the rocks upon which
all previous hopes had been stranded.
Then tor his own personal gratliication
he proceeded 10 put into practice scheme
that had its origin In his own mind. lie
addressed a letter 10 a wcll-knOwn banking
and business firm in Wall street. New
York, setting forth his views. lie told OF the
need Of iirst-class hotel here, and pictured
the possibilities of the situation. COnhnlng
himself CLOSELY TO facts. he proved that IN
spite of past failures 20 build hotel Of the
description needed, that the plan was
feasible, and the prospect Of rich return for
investment highly pleasing.
EMBOSSED BY KINGS.
The gentleman to whom this letter was
addressed il well known in the financial
world. and has the endorsement Of the
money kings of New York. He answered
the letter addressed TO him 10y our Rich
mond friend promptly, and his financial
proposition was business and 10 the point.
Ills explanation Of the manner in which
Wall street would respond was clear and
full Of financial backbone, 50 full. indeed.
that the Richmond man was impressed
with its sincerity and simplicity. lie put
the letter aside, and thought over II. and
the more he thought Of IL the more con-
yinclng and clear did its contents become.
He spoke Of the matter 10 some OF the best
posted buNness men IN the city, and Their
opinions agreed with his. The TINES man
heard Of the letter, called on the receiver OF
it, and was permitted to read il, and then II
tfcuIItu 10 nun lldl lutit was a NllAiN' "
have the hotel built
NECESSARY STEPS.
What is necessary first is the question,
and that is easily answered. Find out what
the probable cost Of the hotel will he. 10
not blindly put down figures, but make out
an itemzed statement, so that sufficient
approximation OF the money needed can be
arrived at.
The next thing will be TO get the Rich
mond man 10 consent TO appear before the
Chamber Of Commerce, or public meeting
of the citizens, and get him to read the let
ter from the Wall-Strect banker, and let the
offer made in that letter be discussed. THE
TIMES promises 10 use its influence in get
ting this Richmond citizen TO cOnsen. 10
read his letter, and give the meeting the
benefit of his views on this very important
question. Probably when the meeting
shall have heard what he has TO say,
and shall have listened to the terms
of the scheme proposed by the Wall-strcet
banker, the meeting will see fit to send the
gentleman from Richmond 10 New York,
there 10 make such contract rs his wisdom
may suggest. The money thus raised Will
lie fulcrum and lever that can be used
here to pry upon the pockets Of our capital
lists, and the way TO building the hotel Will
be made smooth. Richmond, then, cannot
afford TO halt in taking one of the most i'm
pOTtant strides in progressive advance