The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1895-01-05
TENTH STREET HOTEL.
ONE MORE EFFORT TO REVIVE
THE Project
If Not Successful Within a Row Days
the Site viii Be Broken
UP and Sold.

With the opening of the new year it is rumor-
ed thata new turn has been made at the wheel
in connection with the Tenth ana Main street
hotel, of which so much has been said from
time 10 time. The entire property, including
the fote site ana foundations has been, under
contract, turned over to Easton, Eldridge d Co.,
with peremptory Instructions to dispose of the
property, either as hotel proposition, if FEAST
BILE, or without the hotel conditions if they
should be compelled to doso
Mr.. Easten, when interviewed on the subject
stated that il was the firms intention to bear
hand to put the hotel enterprise upon its feet
If possible, but if within few days the parties
interested are not pre- pared to show their fsith
by ubicription sufficient to guarantee start
represented by more than promises to pay how
ever, they Will then dispose of the property
and one hotel project or one hotel site Will be
lost to the people forever. as the property will
be subdivided and disposed of for other pur-
poses
"ln city with so much enterprise as this, it
does seem too bad" he said that few men
cannot be found who are ready to take hold
and push an enterprise like this to finish"
Continuing in this strain, Mr. Easton said:
81 think it quite possible to place a lot Of
these bonds, our firm having Ia ely successfully
placed the entire bond issue of the Metropoi-
tan Electric 10 I'd in san Francisco, and we are
engaged now in placing like issue for the
San Jose Consolidated Electric railroad, and
have also placed u large amounto of dehenture
bonds in London within the last few months,
"Of course this kind of work is not done
without personal labor and lots of hard work,
and if the people of Los Angeles want an en-
terprise of this kind, which will be pride to
the CITY, they must show their good intentions
more than by mere words of approval, as what
is everybody's business is not anybody's BUSH
ness, and the result is the enterprise is a fail
ure.
"The Main street property owners and those
in the imme 3iate vicinity have more at stake
than anyone else. ana should come to the front
promptly and save tnis property as hotel site.
~ fhau1 to do ID
no lew to compel Them; but we shall do our
best, not only to invite them by personal solicit
tation, but will give them a helping hand in
putting their project upon its feet if the condi
tons can be made right; bus failing in ell this
of course we shall have to follow out the in
structions given us by the owners and dispose
of the property in very short time
ALREADY propositions have been made to us
for the material constituting the foundations.
with an agreement to remove them within 20
days, but we shall not entertain these PROPOSE
lions until we are absolutely sure that the hotel
sits must be abandoned for want OF public
spirit AMI enterprise to carry it on. very lit
tie OF that enterprise is all that needed but it
must be in the shape OF cash, that the owners
may feel tn at they have more than promises
upon which to depen5 in the erection of the
hotel.
"If the Los Angeles people, particularly the
Main street hotel peope. will start the ball 1
feel certain that | could influence capital in
other directions, and for that purpose would
lay the plan promptly before some capitalists
in San Francisco.
III there Is one tning tnht LOS Angeles needs
1t is a good tourist and commercial hotel, and
there never was an opportunity in the history
of the city for one to be built that would be u
pride to every body than now; but ii the people
do not want it they cannot be made to take
hold OF it, and The property must pass into
other hands.
..In my opinion. a hotel something after the
old mission architecture, that would be pride
to the city and bear the distinctive touch OF
Southern California architecture, would be
preferable to the present plans and material
raduptton in cOgt could be made from the oriot-
present foundations, however, as a basis to
work on. Sdch building, neatly and COM
pletely equipped, would be credit to the civ,
and one that Los Angeles citizens could point
to with pride when their eastern friends drop
in on them"