The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-05-26
MRS. FUCKERS SPIRIT
Releases the Company From Buying
Her Wilmington st. Lot.
BLLlLVfO NEW PLAN A PRATIcM ONE
The New Auditorium viii Cost $35, 900 and
win Furnish Room For 2, 500 People.
All Should Take Stock and
Inrlra Stccass
Insure Success.

ing OF the Auditorium Company last nlshI.
The special committee made report
through Mr.. Joseph E. Pogue, chairman,
and Mr.. w. N. Jones, and steps were
taken which prominent citizens believe
will secure an auditorium suited to the
needs of the States capital city. 1t will
be remembered that the corporation de-
cided last year to erect the Auditorium
on Mrs Florence P. fuckers lot on VIII
mington street. 1t was found that sufti-
Gent money could not be raised to BUY
that lot and erect an Auditorium, and
Mrs Tucker was requested to release the
corporation from the agreement. With her
customary public spirit, Mrs. Tucker
readily responded to the request, and
Mr. W. NJ Jones presented the following
letter from her:
ITO the Auditorium Company, Raleigh,
~ c..
'Gentlemen:-Th committee appointed
by you to confer with me, in regard to
the site for an Auditorium, informs me
that It appears impossible to collect funds
sufficient to construct a suitable Audlto-
rum upon the lot of land on the east
eigh NJ c.. known as the Tucker Lot,
offered for sale by me to you, and say
that if the funds of the company now in
Land are used in paying for the said lot
such payment would cripple the chances
of securing a suitable Auditorium, and
said committee asks me not to insist upon
the payment of the purchase price for said
lot but to consent to the cancellation
Of such purchase. l am of course un-
willing, by insisting upon the payment
for said lot or in any other way, to put
any obstacle in the way of securing
suitable Auditorium, and for that reason
| grant your request, and consent to
the cancellation and abandonment of the
negotiations for the purchase of said lot,
upon the adoption by the company of the
annexed resolution.
very respectfully,
FLORENCE P TUCKER"
The following resolution was thereupon
adopted unanimously:
Whereas, the Directors of the Audito
rum Company report that it appears i'm
possible to collect funds sufficient to con-
slruct a suitable Auditorium upon the
lot of land on the east side of South
wilmington street, in Raleigh, N. c.,
known as the Tucker Lot and offered
for sale to this company by Mrs Flor
cnce F. Tucker and
Whereas, it seems that, if the funds of
the company now in hand are used in pay
ing for said lot, such payment would Grip
pie the chances of securing a suitable
Auditorium; and
Whereas for this reason it is deemed
best not to pay for said lot; but with
The consent of said Tucker, to abandon
the purchase of the same; and
Whereas, the said Mrs Florence P.
Tucker is unwilling, by insisting upon
payment for said lot, or in any other
way, to Obstruct any plan which would
insure the construction of a suitable Au
ditorium, and for that reason consents to
such abandonment: now therefore,
Resolved, that the negotiation for the
purchase of said Tucker lot be cancelled
and abandoned, and that the directors
take no further action in regard to such
purchase"
On motion of Mr.. Josephus Daniels a
resolution of thanks to Mrs. Tucker for
this manifestation of her public spirit and
devotion to Raleighs progress was unani- |
mously adopted.
PROPOSITION TO BUY THE ACADEMY
OF MUSIC.
Mr. Joseph e. Pogue, chairman of the
committee, reported that he had secured
an option for sixty days on the Bragassa
property 20.7 feet wide and $50 feet deep,
for SO 600, and had a proposition from the
owners of the Academy of Music. That
proposition is embodied in the following
letter:
Raleigh, N. c., May IT, 1901.
mir. ]. E. Pogue, chairman, Raleigh,
N G.
Dear Sir:--In response to your en-
qriry We will say that majority of the
members of the executive committee will
recommend to the Board of Trustees of
the Methodist Orphanage to join with
Mrs. Lula F.. Page and the executors of
A. Il. Page in a sale of the Academy of
Music property, at the corner of Martin
and Salisbury streets, to the Auditorium
Company for the sum of Seventeen Thous-
and and Five Hundred Dollars ($17, 5000,
and to take in payment therefor first
mortgage bonds. bearing interest at the
rate of per cent per annum, payable
semi-annualiy. and running for such pc
Rod as may be hereafter agreed upon,
not exceeding ten years, provided:
list. That the total issue of first mort
gage bonds Including said 81, 5O0), shall
not exceed $25 600.
'2nd. That satisfactory assurances be
furnished that the $500 in excess of said
$1,000 will be sold at par, and that the
proceeds of said sale together with $40
COCO in addition will be applied to the
purchase OF additional ground adjoining
the present Academy of Music lot and to
the improvement of the entire property
according to suitable plans calculated to
make the property produce an income suf-
heient to pay interest on the bonds and
provide sinking fund for the payment of
the principal at maturity.
"Srd. That the said $500 bonds until
sold and the proceeds after sale. together
with the funds now in the treasury of the
company and funds to be hereafter col
leeted shall be placed In the hands of :,