The Denison review. [volume] (Denison, Iowa) 1867-current, 1902-11-25
HOTEL PROJECT
UNDER WAY
Definite Plan Backed by Busi-
ness Mems Association.

Proposal to Build Fine Hotel for Deni-
son Meets With Hearty Approval
Stock Will be Sold.
Denison is to have fine modern, up
to date hotel. a hotel worthy of the
best little town in Iowa. A hotel that
will attract transient trade to Denison
and that will be a pride to our citv.
The plan is fathered by some of the
best inanciers of Denison. Public
spirited men and merchants who have
long felt the handicap under which
Denison has been placed by it's made
quate hotel accommodations
1t would seem almost useless to dwell
upon the need of a strictly frst-class
and modern hotel. The need is recog-
nized by everyone We would not
minimize the efforts of those hotel men
) who in spite of old buildings and poor
surroundings have struggled to give to
Denison the best possible hotels under
the existing circumstances. The time
has come, in fact it has long been here
when the city demands something bet
ter than the old frame buildings which
haves SrvedIas places of public entertain
ment Nor can there be any doubt but
that the new hotel would be paying
institution from the start Every night
our leading hotel is obliged to turn peo-
pie away and if the hotel were built
along modern lines as the new one will
be there would be large increase in
the transient trade Denison has most
excellent railroad facilities and the on
ly thing which prevents many travel
ling men from making this town their
headquarters is the fact that they can
not find accommodations. We have
hesitated heretofore to speak of this
crying need of Denison as we did not
wish to interfere with private interests.
but now that the matter has been def.
nitely undertaken by number of the.
best business men of Denison, we feel
that we can do injury to none by speak
ing plainly.
The proposal is to sell stock to the
amount of not less than $25,000 The
shares will be $40 each. the amount be-
ing small so that every person can feel
able to help this great public enterprise.
Every person interested in the welfare
of Denison has been or will be asked to
/ r,, hoor;hn r,orEirrmop 1vbc
believes it would be good thing to
have next year the bvsiest Denison has
ever seen, every merchant who believes
that the large transient trade would be
help. every owner Of real estate who
appreciates the fact that every such ad-
dition to Denison means added value to
his property, all these will be asked TO
contribute. Options have been taken
on at least three sites-the Carstens
corner, the present Wilson House corn
81, and the present site of the Fargo
House. All three of these would make
fine locations and we understand that
no selection is to be made until after the
project is assured. The location will
also depend much upon the character
of the offers made by the present own
ers. The objects are to secure as good
location as possible and also ito put as
much into the building itself as can be
done.
The subscription paper which is to
be circulated calls for the raising of not
less than $25, 900 for building and site.
No subscription shall be payable unless
the total amount shall reach at least
that sum The stock shall be of the
value of ten dollars each and the
amount shall be payable in four install
ments; one-quarter payable when the
$25, 1000 is raised, one quarter when the
joists of the first floor are laid, one quar-.
ter when the joists of the second floor
are laid, and the remaining one-fourth
when the building is completed All OF
the funds are to be payable to the treas
urer of the Business Mems Association
1t is proposed to lease the hotel wher
erected to some first class hotel man
This is synopsis of plan which is
backed by the best business interests OF
Denison. Our people have never made
failure of any undertaking when they
have acted together and we believe that
the hotel project will be brilliant sue
cess.
---- ~--
Chicago, Nov. 25.--James Mcbride
one of the best known stockmen III
this section, who was shot by Police
man Hayden few nights ago, died
yesterday, several hours after the
physicians had amputated his ler