Evening journal., 1903-10-02
BOARD OF TRADE
May BUILD HOME
Committee on New Quarters
Think Building Would Be
Good Investment
MEMBERS WILL Be CONSULTED

Wilmington may in the course Of O
year or so have another large Office
building in addition to the proposed
structure TO be erected by the DuPonts
at Tenth and Market streets. II is the
sentiment of many members of the
Board Of Trade that the board should
have its own building and that such
building would be a paying investment.
After thorough discussion on the sub
iect at a meeting held last night, the
board instructed it's secretary 20 cam
vass each of the 400 members to as
certain their sentiment about the erec-
ion Of a modern building to be known
as the Board of Trade Building, IN
which quarters could be kept open az
all times.
The matter was brought up by a re-
port made by Chairman A. S. Reed of
The committee to secure new quarters.
Other members Of the committee are
William +. Kurtz. Charles M. Town
send, c. L. Doughten and j. B. Mar
tin.
Mr.. Reed reported that the commit
tee had suitable quarters in view, o
second-story room. No. SOC Market
street. He asked TO hear some ex-
pressions of the board and especially
rs to the project of erecting a Board
Of Trade Building
George A. Elliott inquired If the
committee knew Of an available site
FOR a building.
Mr.. Reed replied that there were
several sites that could be secured on
Market street and that site could be
gotten very cheap on Shipley street
out many thought such a building
should be located down town.
Mr.. Elliott also asked if the COM
mittee had any suggestions as to what
/ kind of a building should be built. Mr.
Reed said he thought it should be
modern Office building. but If it was
on Market street there would have to
be stores on the ground floor to make
it pay.
He pointed out that the Board Of
Trade has 400 members and he thought
there should be not so much difficulty
in getting S150,000 from the members
Real estate, he considered to be as
sood a risk as anything else in the
investment line to the members.
He thought a number Of business
men might put up $4,000 or $4,000 each
if they thcmght it would pay
President Lawton said that he per-
sonally would rather stay i'm present
quarters unless the board moves into
it's own home, as it would cost at
least $1,000 to fit up other quarters.
He said more room could be secured in
the present building if needed.
william II. Kurtz stated that the
room No. SOC Market street was ad-
mirably adapted for the Board of
Trade. He said the committee
thoroughly canvassed Market street
but could not find a ground floor room.
Senator George w. Sparks asked if
! the committee had tried to secure The
old Historical Building to meet in. Mr.
Kurtz replied. ~That would be toomuch
of a mixture Of the old and new"
r. J. MacLean said it had been his
experience that what is needed here
is an Office building. He had beer
looking for a small Office but could not
find one He referred to several other
cities that have their own Board oil
Trade building and what a good in
! vestment it proved. He said he knew
OF a concern that would contract Il
take two entire floors as soon as il
was decided to erect a building.
j Josiah Marvel thought the new
quarters committee should make an
investigation TO ascertain whether
enough subscriptions can be secured.
Mr.. Reed said the proper way to dc
would be to get out a prospectus and
then engage a prompter to secure sub
scribers. The Board of Trade should
first determine whether it wished !
put up a new building.
Mr.. Marvel moved that the secretary
of the board, Daniel w. Taylor. be in
structed to find the sentiment about
subscribing for a new building.
Charles A. Rudolph said a great deai
of sand" is required in putting up q
big building. He cited the erection Of
Eden Hall as an example Of what de-
termined men can do. He pointed out
the necessity of a concert hall. or q
banquet hall, or basketball hall. neal
the center Of the city, and thought if
such feature could be embodied in .
new building it would be a paying ven
ture.
Mr.. Marvers motion finally wa,
adopted and Secretary Taylor vii
bring the matter to the attention OF
each member Of the board, and viii
ascertain whether they are favorabl,
TO putting up a new building. ane
favorable TO subscribing stock to pa,
for a new building.