The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-01-21
COLISEUM'S Big STRIDES
FIVE SUBSCRIPTIONS OF $1,000 EACH
REPORTED DURING THE DAY.
Committees Report Enthusing Prog
ress in First Days WOrk-Theat-
ricaI Firm Seeks a Lease.

Total ACKNOWLEDGEMENTS. $50 500
Five subscriptions of. $1,000 each were
turned in by the committees appointed by
the executive subcommittee of the coliseum
committee yesterday and the total SUBJ
scription jumped to SIS, 500.
1--WE are making big strides for the $780,
600 mark" said Chairman McCulloch smil-
ing.
Over fifty men of means and firms were
visited and in no case was there a refusal
to subscribe stock There were only one
or two cases where the prospective SUBJ
scribers were ignorant of the coliseum
scheme The 5000 reported by the COM
mittees was but fraction of their prog
ress. They found every man on the list.
with two exceptions, ready to listen to
the appeal for subscriptions, and most all
cases where a specific amount was asked
the prospective subscriber asked for time
to consider. In all the progress reported
was abundant. But the committees only
begun their work yesterday tangible re-
suits were not expected in profusion for
several days.
, review of the work of the committees
| revealed the fact that the coliseum enter
prise has friends whose generosity was
unthought of and that there is absolutely
no doubt of the entire capital stock be-
ing subscribed promptly.
Il have been In this class of work for
years." said Hugh MCGOWAN, but 1 have
| as to the purposes and so generous. The
progress so far speaks volumes for the
| civic pride of Indianapolis
satisfaction" said John l.. Feltman' ex-
| president of the Central Labor Union,
that the Mitchell meeting at Tomlinson
Hall was educating to the workingmen of
| Indianapolis. The hall was inadequate to
| hold the great crowd that came to honor
| Mr.. Mitchell. There was no place to hold
an overflow meeting. The thought struck
| coliseum This will be an incentive to
| organized labor and its full share of re-
| sponsibility in this enterprise will be met"
| The executive committee of nine and the
| ways and means committee will meet daily
| To hear reports of the committees and TO
1 direct the progress of the canvass. The
public pulse is being felt daily. and if the
beating is as much in sympathy with the
| project as shown yesterday 1t will be
/ merely a question of effort and time to
| secure the full stock subscription of $780,
| O0O
| STANCH INVESTMENT FEATURES.
The committees are emphasizing the fact
/ the coliseum subscriptions are not gifts,
| but ought to be regarded as investments.
| Every dollar represents a share of stock.
| Every share of stock is represented in the
| money to be invested in land and a build
| ing. For this reason a man who may feel
like subscribing a sum as a contribution
| from civic pride may we'll double it and let
| one-half of the amount, at least, repre-
| sent an investment AS a matter of fact
the whole amount subscribed is an invest
ment, and coliseum stock will have its
| value in the market just the same as other
| stocks. If the enterprise is unusually sue
cessful the stock will appreciate. 1t is no
| the purpose of the projectors to build q
playhouse which shall be kept up by the
| public year after year, but an amusement
place which shall be managed so that il
| will be Sef-sustaining and perhaps pay
| dividends to it's shareholders.
AS an illustration of the probabilities o
profitable income a New York theatrica
house has written Mr.. MCGOWAN offering
to lease the building all days that may no.
be reserved by the management. Thi:
would mean that for five months of the
year the building would have a tenant
| whose rent would be calculated a profit
paying basis. This theatrical company ex
poets to organize a coliseum circuit anC
put on gigantic amusement enterprises. o.
course, the project here has not advanced
far enough TO enable negotiations, but th'
| theatrical firm is ready. according TO i'll
| letters, to enter into a liberal contrac
whenever the coliseum company is able L
1 do