Los Angeles herald., 1891-02-15
PROSPERITY AHEAD.
Plans Of Progress Prepared
for the Future.
Many Materialized Movements
for the Immediate Moment.
The Tide Turned to This Section with
Such Strong Current.
The Tenth-Street Hotel-Ths Gird Rail-
road-The Soldiers Home-The
Terminal Railroad. Etc.

The Tenth-street Hotel-Ths Gird Rail-
road-The Soldiers Home-The
Terminal Railroad, Etc.
Some months past the HERALD under
took to make one last herculean effort
to revive the scheme of building the
great Tenth-street hotel. Some articles
appearing in these columns caught the
eye Of the famous hotel man. John O.
Plank. Excellent results came from
this, for he at once put himself in COM
munication with A. II. Denker, and now
it certainly looks as if the great build
ing is to 60 up. A definite PROPOSE
ton has been received from Mr.. Plank,
and partly accepted by those interested.
The fine piece of real estate constituting
the site, with the excellent foundation
for the hotel on it, is to be decided to
trustees. In addition to this the sum
OF 100000 is to be pledged to the Plank
syndicate, to be paid in when the hotel
is finished. The form OF this pledge is
as follows:
Los Angeles, Cal. ........... .189
promise to pay J. B. Lankershim, L.
N. Breed and r. NJ. Widney, trustees,
the sum Of. dollars, upon
the completion of the Main and Tenth
street hotel, Los Angeles city, Califor-
MIA, substantially according to the plans
for the same now on file in the office of
said corporation, and which were pre-
pared by Samuel j. Thayer.
The consideration for the payment OF
this money is the completion OF said
hotel, and the benefit which will conse-
quently accrue. to me as a member OF the
community wherein said hotel is to be
situated.
This instrument shall be void and
there shall be no possible liability there
under unless said hotel isl 80 completed
on or before the first day OF December,
1892, and time is the essence of this con-
tract.
The trustees have sent out circular
in the following form:
DEAR SIR: The undersigned trustees,
appointed for the purpose OF acquiring
subsidy fund to offer together with the
Main and Tenth-street hotel property to
some syndicate or capitalist, beg leave
to inform you OF the plan, which is as
follows:
Having assurance that syndicate
stands ready to take the present hotel
property and complete tine same, pro-
vided that a subsidy of one hundred
thousand dollars be guaranteed. We,
therefore, appeal to you for your gener-
sous support to this worthy and needy
enterprise.
The time has now come that all own
ers of property, and business men in
general. must make a move toward help
ing to re-esta blish the confidence in real
estate and business circles, by encour-
aging the building OF the hotel, which
all admit is prime necessity.
A committee will wait on you within
few days. Be go kind as to encourage
them by liberal subscription. This
subscription will not be payable until
after the hotel is completed.
Respectfully yours,
j. B. LANKERsHIM,
l.. N. BREED,
r. M. WIDNEY,
Trustees.
This matter was put in the hands OF
Col. G. III. Rowland, to solicit subscrip-
tions for the 100000. He has been at
work for only a week, and he had last
night nearly half Of the money pledged,
with good deal OF the other half in
sight.
Now, SO much has been said OF the me-
cessity of this hotel, so thoroughly we'll
qualified is the Plank syndicate to do all
they promise, and SO little is asked of
the people OF the city, that no more
need be said. The sentiment is that the
thing must be done now. This is the
last effort that will ever be made. 1t is
now or never with the scheme. 1t will
cost 81 600, 900 to put up the building.
1t will start good times at once. Every
man who owns lot in the city can al
ford to give S. to this great project.
Property-owner along Main street have
here chance to enhance the value of
their holdings very largely forever. Let
the hotel be secured.
THE SOLDIERS HOME.
In day or two Robert Beyrle, of this
city, will begin work on new buildings
for the Soldie RS Home, near Santa
Monica. There are now at San Pedro
three cargoes of Oregon fir for the struc-
lures, and more on the way. This con-
tract calls,for the expenditure of $1O3,-
900. The federal government OF course
foots the bills. There are several large
buildings to be put up, and the work
Will give employment to good many
men.
THE TERMINAL ROAD.
In two weeks the Terminal railway
people will recommence work on their
proposed line to the sea at Rattlesnake
island, and before long the same syndi-
cate will be at work building through
Glendale and the San Fernando valley
to the ocean at Hueneme, Ventura
county. Mr.. Bond. an expert engineer
from St. Louis, is now out going over
that line. 1t may or may not be signifi-
cant that Mr., Bond has for years been
trusted confidential agent of
Jay Gould. There are good
many people who think the Terminal
means finally road from Salt Lake to
Los Angeles, and up the coast to San
Francisco. The work planned for this
summer will put a good many men at
work. It will put a good bit OF money
in circulation, and will materially help
out in the line of restoring the new era
of prosperity this section is now await
ing so anxiously.
THE BELT LINE.
The Belt Electric read now has good
many men at work on their line. Most
lip4ll