Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-04-25
HOTEL SIZE IS SOLD
7. Binford Purchases Mr..
Browns Interest in fremont
Property.
Secures Undivided One-Half In
terest in Five Lots, Paying
$ll.O0O Therefor.
r n Moe,.- n.e;-.. IN IoaSe
c. H. Wagner Desires to Lease
Pilgrim. Three Story Block
for Church Street.

An important business deal was
| closed this forenoon whereby the I.
Brown interest in the fremont Hotel
property on West Main street, between
Center and First, was sold to Mr.
Thaddeus Binford. Mr.. Binfords part
ner, Mr.. w. E. Smelling, negotiated
the transaction and bought of Mr.
Brown. for Mr. Binford, the undivided
one half of the west ninety five fee.
of the property, for $1,000.
Mr.. Binford, when seen regarding
the purchase, said that he was buying
the land just as an investment, be-
cause he considered the property .
good one. Mr.. Brown has been want
ing to dispose of it for some time, but
| the general impression was that when
he did sell it would be to the we/-end
Smith interest, and has been negotiat-
| ing for the remainder of the proper
ty. What effect this will have on the
syndicates plans is not known at
present. Mr.. Binford is one of the
owners of the Pilgrim and it is pre-
sumed that he will not care to enter
into another hotel project.
Mr.. C. H. Wagner, of Ashland, KY.
who was formerly proprietor of the
fremont House, arrived in the city this
morning and commenced negotiations
with the Pilgrim Hotel Company fol-
the purchase of the hostelry's furniture
and the leasing of the property. Mr.
Wagner has been in the hotel business
at Ashland but after the recent death
of his wife concluded to DISPOSE of his
interests there. A meeting OF the COM
pany, to consider Mr.. Wagner's prop
osition, is in progress this afternoons
Negotiations that have been pending
for several days between Henry Weber
and p. F. Arney, of this city, We're
brought to close this afternoon, re-
sulting in Mr.. Arney acquiring the
property known as lot 5, block 81. situ-
ated just east of the old Statesman
building at the corner of Church and
Center. The property is full lot, COX
$50, and is sold to Mr.. Arney by Mr..
Weber for $4,000.
Mr.. Arney buys the land for building
purposes ana next spring will erect d
fine three-story brick structure the full
size of the lot, to be used by himself as
an implement house. He would build
this year were it not that the property
| is already leased until next spring and
the sale is subject to that lease. Mr..
Arney thinks that Church street, on the
south side of the public square is
bound to develop good bushes !oca-
tons and within few years will be
built UP with business houses.
The Hopkins block, which adjoined
the fremont on the West and was
greatly damaged by the fire which de-
stroyed the hotel, will be practically
new when the extensive repairs now
being made are concluded. The entire
Interior is being rebuilt, new roof was
necessary, and to add to the beauty OF
the exterior one. layer of the, old brick
has been removed and the structure
will be faced with pressed brick. to cor
respond with the front Of the Willard
block, adjoining.
The first of the handsome new resi-
dences to be erected in the recently
plated Hughes addition this year is
row enclosed. The opening and grad
ing of new streets in the addition is in
progress.
Preparatory TO the erection of new
wagon factory in the tract of land east
of Twelfth street and between the
Northwestern and Central main lines
the establishment of a new brick yard
IL contemplated. The present plan is
to open the brick yards, manufacture
the material for the wagon plant, plat
the balance Of the addition and erect a
number of brick residences on some of
the lots
Rapid progress is being made on the
plant of the Marshall OIL Company and
the same is SO far advanced that plans
are being made for the occupancy of
the new buildings in the near future.