The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-03-28
The Houston Auditorium Company to Pre-.
serve the Building
FOR PERPETUAL PUBLIC CONVENIENCE
A Popular subscription Proposed to
Raise the Murtgage--subscri
10 Give Half Their stock.

Out of total OF 1e1 shares i51 shares were
REPRESENTED Tho meeting was called to
order promptly, and the following report
WIS listened TO with interest:
To the Stockholders OF the Houston Audi
torium Company.
Houston. Texas, March 81. 1899. Cen
tlemen The undersigned committee APP
pointed to suggest plans for reorganizing
the company and placing same on sound
financial footing permanently, beg leave
10 report that several plans have been sub
gestod and considered. The committee be-
lieVe tho best plan to be one that will
make the Auditorium a popular institu-
lion operated 10 aid tho general interests
Of Houston In business and social way.
II IS believed the Auditorium can be made
very attractive summer resort, open all /
summer long, with roof garden and mu /
steal featured OF t-class order at
moderate prices. TO do this the meter I
prise should be capitalized as low as pos
sible and the stockholders must be salts
ned with a small return on the invest |
ment for 81 few years, until its popularity |
is fully established to accomplish this the
ownership should be distributed among the
influential people OF Houston,
Tho committee have selected a list of
200 names and upward Of leading citizens.
firms and corporations as follows viz: J.
H. Ruby, Sam Alexander, Bryan Heard.
Telephone Co.. l.. 4. Noyes, H. j. Parks,
j. j. Pastori2a, b. A. Riesner. II.
j. IT, Meyer Co, r. y. Norris, Dun
lay Hardware Company w, II. Crank,
Ewing g. Ring, Fisher, Sears u Sherwood,
u. F. Hamblen, W. +, Hamblen, Howard
Haynes. o. T. Holt, Hutcheson, Campbell
g. Meyer. Jones e. Garnett G.. i. & #. J.
Boring, John Kennedy, j. II Kirby, j. V.
Lea. G.. Warnecke, James Butte. N. Ram
| doph Sons. a. G. Allen, r. W Archer
| James A. Baker, Jr., K. 8. Lovett, j. 5.
Stewart. w. n, Wilson, DeMeritt Shoe Co,
! Waters Pierce Oil Co, Houston Transfer
/ Co.. James Dawson. r., c. Crawford, S. l..
/ sam, Potthoif & Co. Dickson Car Wheel
4 Co.. l.. Il. Miller American Brewery Co.
! Magnolia Brewing Co. Mildly ~ Dow, NJ.
! Butter. s. A. oliver Cargill Richardson,
| Commercial National Bank. Dealy Ia
| kerr a G. Howell. Ienke pilot, T, n.
/ Thompson, r. Pilot, Greenberg Bros, Bot
tier Bros. A. Alkemeyer, G. Schwartz, a.
+. Imcus, ! Il. Masterson, w. C. Oliver,
j. Hornberger. Il. Raphael Bros, l. -
Roberts. joe NJ. Sam, w. n. Shaw, y
Tahnferro. Frank Dunn, Krupp & Tuffy,
Geiseke BROS. Ed Kiam. Lewis & Rosen-
berg MisIrot Bros, 7. w. House. Houston
National Bank Planters and Mechanics
Bank South Texas National Bank, + w.
Hoffman Il Co, Capitol Hotel, Hutchlns
House. J. McAughan, Mosehart 4 Keller
First National Bank, w, II. Coyle, HART
well iron Mp1kS. ~ q ~ ~
r. Sittg. A. +. Lincoln. Hudson q smith,
II. Wadden, Achenhaoh 4 Schultz, II.
brown a. Co T. NJ Burke, r. G. Storrie.
A. Breycr. Macatee & CO., II. w. Garrow.
]. Mcclellan g. Co, Carson, Sewall *
Co. G. Helm, J. n. Taub & Sons, h. A.
Booth & Bro Consumers o. Co, Mer-
chants and Planters Oil Co, McCane De-
tective Agency, Morrlson Fourmy, l.. M.
Q Rich & sons, y. T. Schmidt, II. S. ii,
Wilson. William Ware & Co, Jules Hirsch,
w u. Cleveland, y. Hllbush. Adam
, Clay, Hlpp * Key w u. Foley j. burg
! helm. II c. House, Levy Bros, g. 4.
Parker, o. l.. Cochran, Model Laundry,
\. l.. Steele, Peden & Co. South Texas
Grain Co., j. l. Campbell, ]. r. Latreyte,
Berng Manufacturing Co., w, p. Hum
phrevlllc. Dorrance, Neville & Cairns, M,
, Denstag Borchard, Brasher & Co.. j.
Goldman s. l.. Goldman, II. ID. Taylor
a Sons, Inman 4 Read, Necco & Else
man. National Cotton oil Co. j. l., Mitch
' ell, Sweeney d Frederlcks, G.. w. Heycr.
Chimeue Furniture Co. Houston Cotton
Exchange and Board of Trade, A. Il. Kies-
ling, h. G. Stuart Drug Co. Frank Il.
Jones, Houston Drug Co.. Browne g. Mel
. lingor, Houston Gas Light Co., Houston
a Plumbing Co, A. Hampe. Childress ~
Taylor, Packard Laundry. S o. Cotton
, Sprong, Drew & CO.. Express Companies,
1 Weems a Bering. Street Railway
Co, South Texas oil Co., Keith
= itS Iuukt, lJllllUSuuln fuInl-
r ture Co, NJ. T. Jones Lumber Co.
Hamilton Bros, l., p. Menefee Co., Joe
. $. Fox, Morris Bros, Haskns & Hutchln-
: SON. Ross 6 Wright, Wall & Stabe, Il
clarendon, w, j. Settegast y Co., II. Lip.
per. Finnigan & Paine, c. r. Blackburn
A. II. IIitohler, c. Grunewald VIM
. Byrnes. Houston Packing company. Thos
J, Goggan 4 Bros, ]. II. Lang. ~ Randolph
d Sons o, Nerlott, Armour Packing ON
Il pany, Houston Post, Frank c. Colby, a
: and p. Tea company, J. NJ. Geiselman Co.
s. George p Browne, j. Binz, Houston Lane
and Trust company Murison x Maln.
J. From the above 1t would seem practica.
Y, bic TO obtain subscriptions TO the amount
r Of $4,000 payable in ten monthly install
- ments, being the amount needed to cleal
y oil the mortgage about to he forecloseC
l. and the floating indebtedness
Is The committee recommend that the pres
ent stockholders donate to the company
one half of their present holdings OF stool
of the company and the Si2 900 raised by
new subscriptions VIII insure Houston
20 having an Auditorium building for al
I'd time equal to all demands OF public
character.
or The sacrifice asked OF present stockhold,
OF ers is large one in view OF the fact tha
IS they have received nothing for thoir in,
y vostment. the income having been uset
, to pay interest insurance. taxes and re-
70, pairs. but as most of them have espresso,
An
&c preserve The Auditorium as public in,
c- stitution the recommendation Is made {,
dsarm oritlcisms and make the plan sue
,st cessful,
en- IT. the citizens OF Houston do not re
nd spond to this proposition. your commltte,
w., recommend that the stockholders sell thu
w property for private use. pay oil the in
debtedness and distribute the balance o
hc proceedings pro rata to the stockholders
lot The properly can not be handled Will
"a present Indebtedness as q lease can no
lee be made for enough to pay interest, taxes
y, insurance and repairs, and the officers cal
~ not take less.
's After the business is established 10
k two years the income should pay regula
dividends TO 81, ckholders. and will pay
small dividend on the business that ha
come TO It without effort II freed OF In
debtedness.
cd II the plan suggested Is adopted you
nd committee recommend that committees o
so three be appointed. each committee to b
10 assigned ten names that the work ma,
at he completed expeditlouslya
ny philip Carson,