The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-10-31
OF THE AUDITORIUM
Several Propositions Discus
Sed Last Night
No Definite Action Taken. Directors to Obtain
Best Prices and Report in Two
Weeks.

The adjourned meeting of the Audito-
rum stockholders took place last night
in the Mayors office, and listened to
several propositions for Auditorium sites.
1t was finally resolved to instruct the
board of directors to obtain the best
prices possible on all of the sites and re-
port the result on Tuesday night two
weeks, November 18th.
Mr. p. II. Battle was called to the
chair, and appointed Messrs. Arendell
and Allen a committee on proxies for the
meeting, and Mr.. Allen secretary. Mr..
Allen reported that 500 shares were rep
resented, in person or by proxy which
constituted quorum. Mr.. G. NJ. Busbee
then reported the action of the directors
in withdrawing their acceptance of the
offer of the Trade Building. Mr.. Busbee,
however, expressed the opinion that the
only chance to get an auditorium with
the funds on hand would be to purchase
the Trade Building.
Mr.. w. n. Jones said he believed that
if a good site were selected, and all the
money put in it, an Auditorium could be
secured; but that it was impossible to
select a site without the money in hand.
He accordingly moved that the directors
proceed with the collection of subscrip-
tions, and as soon as convenient present
to the stockholders a choice of sites.
Mr.. Ed. Chambers Smith offered an
amendment to this motion. that the stock
holders were opposed to the purchase Of
the Trade Building on the terms previous
" offered. Mr.. Wynne offered a substi-
tute to the effect that a committee Of
ten be appointed by the chair, not to in
clude any of the directors, to examine
into the question of a site. This substi-
tute was lost. Both Mr. Smiths amend
ment and Mr.. Jones'. on final motion,
were carried.
Mr. Haywood made the following propo-
sition IN behalf OF Mrs. Tucker: The lot
on the east side of Wilmington street, adj
joining the Trade Building, having a
frontage of 120 feet on Wilmington street,
and running back 1873 feet to an alley
opening on Hargett street. The price
offered for a money purchase was $1,000.
The plan suggested for the building would
be to have ten footasueys on both sides
and at the back of the building, front
entrance on Wilmington street and a side
entrance on one of the alleys. four stores
in front, and eight offices above, with the
hall to seat $500 people. Such build
ing as the one planned would cost from
seventeen to twenty thousand dollars,
Since between ten and eleven thousand
have been subscribed, there would be left
for the building about $4,000 to start on.
Mr.. Frank Stronach offered the lot on the
corner of Wilmington and Dayie streets,
next to the Tucker stable. 105X200 feet,
for $4,000 on time or cash.
Mr.. Mosely offered the John Brown cor
ner, los feet on Salisbury and 30 on
Hargett, for $4,000, cash or time sale.
Mr.. f. H. Busbee suggested a lot be-
| tween the John Brown corner and Mrs.
Holdings house, 80 or 100 feet by 100,
which he thought could be bought for
| 81. 600.
After some discussion and expression
of opinion upon these various propositions,
on motion of Mr.. Arendell. the directors
were instructed to obtain the best pos
sible prices on all sites, and report re-
suits in writing two weeks hence at a
meeting of the stockholders, who shall
| then vote upon site.