The herald., 1895-04-26
PASADENA NEWS NOTES
"a
The Board of Trade Resolutions
and Walter Raymond
HORSE HITCHING ORDINANCE
The Sons of st. George Hold Social
Gathering
HORSE HITCHING ORDINANCE
Reproduction of the Redemption - Hotel
Green to Close - Late Arrivals.
Interesting News

PASADENA, April 25.-The meeting
appointed by the board of trade com nit
tee to present the resolutions OF that body
to Walter Raymond and confer with him
in regard to the rebuilding OF the hotel
convened this afternoon in the parlors of
Hotel Carlton, being attended by forty or
fifty representative citizens.
Mr. Stanton stated the objects of the
meeting and later was elected chairman,
and Mr.. Wood secretary. After the read
ing of the board of trade resolution Mr..
Raymond expressed his appreciation of
their sentiments, and said he was now
settling up the insurance, after which he
would like to rebuild at once a hotel tina
would compare favorably with the best,
but was not able to do it alone. There
fore he had concluded to say to the peo-
pie of Pasadena that if they woul d take
$3.50, 900 of an issue of $500, 600 in bonds,
at per cent, for twenty years, he would
agree to have the hotel open for business
January l. 1896, and conduct 1t in the
best manner possible. He would agree
that the Raymond Hill property should
be decided i'll trust, as security for the
payment of the bonds, to whosoever the
of 5000. 900 which had stood against the
old hotel at the time of its erection was
now reduced to a nominal sum, Mr.. Ray
mond sald but he has not sufficient
means to rebuild without help.
Remarks were made by Messrs. Z. q.
Brown, Daggett Lukens, p. M. Green,
Bait and Wood favorable to the PROPOSE
ton, all agreeing that Pasadena could not
afford to do otherwise than accept such
proposition and insure the rebuilding OF
the hotel on the Raymond hill. The BEN
eft that the hotel had been to Pasadena
81.
people of wealth who have since invested
largely in Pasadena property and become
leading spirits in all that tends toward
the advancement and prosperity of this
community. The fact was pointed out
that had it not been for the Raymond
hotel being erected here many of our
foremost citizens would never have come
among us at all; but being attracted
hither by the comforts and attractions
of the well-known tourist resort, their in
tended visit of days or weeks was length
ened to months and finally to permanent
residence among us, greatly to our mu-
tual advantage.
Judge Magee suggested that if the bonds
were secured by mortgage on the whole
property the grounds alone being worth
probably $75 000-here Mr.. Raymond in
terrupted, Not less than 100000. -
then $780, 900 in bonds issued and COM
mittee appointed to see that the whole
thought there would be no difficulty in
disposng of the bonds at per cent in
terest. But the city could not bond itself.
as had been suggested. He was heartily
in favor of anything that could be made
to work, but the difficulty was to get the
millionaires, who are able to take the
bonds, interested in the matter.
Col. G. &. Green said: Raymond hill
is such magnificent location for hotel
that there is no question about the re-
immediate vicinity will depreciate in
svalue." He thought people living in the
neighborhood should take large slice of
terest. He went on to say. II consider
er of Hotel Green, and | would slikes to
see this thing carried through. In fact,
it's worth all the profits l set from Hotel
Raymond looming up in the distance"
remarks adding, "rhe property with the
600. but without it | would not give $685.
600 forathe ground"
Mr.. Stanton, who lives near the prop
erty. remarked, Il would give twice
that
Before the meeting adjourned, on mo-
stiQn of M. E. Wood. the chairman was
Sauthorized to appoint committee OF
seven to confer with the Raymond and
devise plan for carrying out the ar
rangement. The meeting adjourned sub
ject to call of the chairman. the commit
tee to be appointed meanwhile and re-
-.