The herald., 1896-02-26

very best that money can buy or good
taste suggest. Every accessory for the
comfort and safety Of guests will be
supplied. The main building will con
tain upwards of 200 rooms, each an oui
side apartment and each connected en-
suite. Baths will be attached to eacl
apartment. One of the possible novel.
ties of the new hostelry will be the
maintenance of special electric car
service direct from the grounds to all
railway stations and for the accommo-
dstion of guests desiring to tour the
city or reach the ocean.
For the completion of the plans nov
under consideration it is estimated
that the sum of $350,O00 will be re-
quired: The committee have positive
assurances that as soon as $150,000 is
subscribed the balance will be sup
piled by parties already obligated to
do so, and building will be commenced
at once. Thus far about one-third of
the required sum has been pledged,
with an encouraging outlook for the
remainder. This sum will be sufficient
to secure the entire estate of Judge
Silent, with some adjacent territory
upon which options have been already
secured. It is proposed to secure q
frontage upon Twenty-third street of
about 900 feet. The Adams-stree front
will be as now. about 500 feet, while an
extension will be made to the west to
St. James park and in the opposite di-
rection to Figaeroa street.
The Importance Of carrying this great
project to a successful elimination is
abUndsntly set forth in the address of
the committee hereto attached. Los
Angeles ia enjoying a building business
which any city might feel proud Of, but
it must not be forgotten that the class
of buildings being erected are
Of the inexpensive order. OF
1870 recent structures less than
30 cost over $4,000. Heavy investors
are comparatively few. The impetus
which the erection Of half million
dollar hotel by home capital in this
city would exert is almost iu calculable.
This city is the recognized center of
the most famous tourist region upon
this continent, but Notwithstanding
this fact it has not tourist hotel that
compares with the accommodations
afforded to hundreds Of less favored
localities throughout the country.
A thoroughly first-clsss hotel would
stop thousands Of wealth by travellers
who now pass by oblivious to the ad-
vantages which are here offered for in
vestment. The erection of such q
hotel will supply the most urgent need
in the city's continued growth. 1t will
be the initiative move in line of in
vestments which will enable Los Ange-
les to contain within her borders ths
annual influx of tourists which regu-
larly come to Southern California for
rest and recreation.
As was said at the outset, the enter
prise seems likely to 60 uccessfully
on, but this can only be assured by the
hearty cooperation of local capitalists.
Every investor in this city is directly
interested in the project. It touches
every dealer, every artisan, every clerk
and every laborer. Real estate dealers
are especially interested, and will be
the first to realize returns for their aid
to the scheme. The personnel of the
committee having the matter in charge
is sufficient guarantee that everything
will De done to further the project in
the wisest and speediest manner possi-
BILE. Below is appended the address
which has been directed to the citizens
of this city and adjacent region. Of
this committee are the we'll -kno wn cap
italists. j. s. Slauson. Jotham Bixby,
w. B. Wiltshire, A. E. Pomeroy and w.
w. Howard; H. Jevne, the grocer; l..
W. Blinn, the wholesale lumber dealer:
Jacob Loeo, president of the Capitol
Mining company; Chrales w. r. Ford.
proprietor OF the Boston Store; S. p.
Lewis, Of Hay den, Lewis & Co., and E.
A. Miller, real estate dealer.