San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1896-04-06
FOR THE HOTEL.
MEETING AT THE BUSINESS MEMS
CLUB.
Proposition of Mr.. H. D. Kampmann Pre-
sented and Committee Of APP
praisement Appointed.

THE report OF the meeting OF the Busi-
ness Mems club Saturday afternoon was
prepared for publication in Sundays
LIGHT, but was crowded out by press of
other matters
A large number of our solid citizens
and wlde-awake business men met Mr..
H. D. Kampmann, proprietor OF the
Menger hotel, and Architect Taylor, of
st. Louis, in the Business Mems club
Saturday afternoon, for the purpose of
hearing Mr.. Kampmann's plans and
propositions for building modern tourist
hotel on the site Of the Menger, on Alamo
Plaza.
With little time wasted in ceremony or
crcumlocution, Mr.. Kampmann pre-
scented his proposition as follows:
81 have decided to offer to the public of
San Antonio the property now occupied
form stock company, capitalize the
hotel property and bond ii at a sufficient
amount, which l have estimated at
S30O, 900 capital stock and 100000 6 per
bonds. On this basis l propose to give
clear title to the entire property, includ-
ing the property on the north corner of
Crockett street and Alamo plaza, having
front on Alamo plaza of So feet, and al
so including the property on the corner OF
Crockett and Bonham streets, including
the artesian well; the entire hotel prop
erty, to include not only the property,
the real estate, the buildings, but also the
machinery, appliances, furniture, ETC., of
every nature for Sl75,0O0 In per cent
bonds and $4,000 of the capital stock,
either at par or at such rate below par
as other parties will take the stock.
sideration. that the property can
be capitalized on basis of so cents on the
Sl.00 for stock and par for the bonds. 1t
has been approximately estimated that
$780, 900 will build the new six.story hotel
that is planned by Mr.. Taylor, and also
furnish ii in tirst-class manner. Be-
side this 1t will be sufficient to thoroughly
equip and remodel the other part of the
house so as to make it frst-clasS in every
respect; in fact, complete the building for
occupancy.
II further desire to say that feel that
| do not care to enter into
this investment and, unless the |
citizens OF San Antonio will show their |
good will and feeling in this matter, not |
by donating bonus, but by subscribing |
to minimum of $4,000 stock, and there /
and other people here interested in the /
project, which is essential to its success"
The proposition was received very |
favorably by the gentlemen present, and
a discussion followed, after which a
motion was made and carried that COM
mittee on appraisement be appointed, |
whose duty should be to thoroughly ex-
anime the hotel property and report at a
meeting to be held in the Menger hotel, |
this morning at 10 o'clock
The following were appointed on the |
Messrs. e. B. Chandler, III. |
Pauly, Geo. H. Kalteyer, 7. G. Lambeth |
and A. Meerscheidt.
The meeting then adjourned until the |
above named hour.
The committee was on hand promptly |
at the Menger this morning and with Mr.. |
Kampmann went over the ground thor |
oughly making an examination OF the |
site, buildings, rooms, furniture, etc. This |
occupied long time and the committee |
had not decided to make a report until |
the members should convene to figure on |
the valuation, which will not be until this |
afternoon.