Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1905-04-16
HOTEL is AGAIN IN
HANDS OF OWNERS.
Home Company In Posses
sion Once More.
AMERIcUs MEN CONTROL AGAIN
Property is Bought from British and
American Mortgage Co by Hotel
Company which will Forever Con
troll the Hotel Windsor.

After five years of seemingly endless
litigation the Hotel Windsor ls again
today in full and complete possession
of the Americus Manufacturing and
Improvement Co. the men whose
money built it. and who have worked
increasingly to save it from ruin.
The Hotel Windsor case is an intri-
cate and much vexed one, known to
the people of Americas as we'll as to
the state at large.
The Times Recorder has, during the
past five years, told in detail how this
property was acquired by G A. Fricker,
and how strenuously the directors and
q few stockholders have fought for
their rights in the courts to again pos
sess it.
1t is we'll known fact that the Brit
ish and American Mortgage Co, hav-
ing lien upon the property for pur-
chase money, brought action against
@. A. Fficker in the federal court.
The property was sold at public out
cry before the courthouse and bought
in by the British and American Mort
gage Company.
The only desire of this company was
to put an end to litigation and make
secure the loan of $35, 900 it had upon
the property. This company immed1-
ately gave the Americas Manufacturing
& Improvement Co. the privilege of re.
deeming the hotel property.
The condition was that the hotel
company pay the exact amount of in
debtedness incurred by the mortgage
company, including the loan, interest
and court cost, which amounted to
$43, 56O.67.
The details of the transaction were
practically as follows:
The hotel company paid over to the
British and American Mortgage Co,
through it's attorney Mr.. W. d. Ellis,
of Atlanta, the sum of S., 500 g. yester
day in cash, and negotiated with the
British Company loan for So, 900
with the hotel property as security.
The conditions were that the hotel
company, during the next four years,
expend the sum of $1,000 in repairs
upon the property.
The company is accorded the right to
expend this amount sooner if deemed
advisable.
All of yesterday and far into the
night the negotiations proceeded. The
stockholders met and ratified the pur
chase of the property. The receiver
ship was dismissed by Judge Little
john, and all tenants in the building
notified of the deal effected.
The hotel company took possession
of the property at 6 O'Clock last night.
During the litigation of just five
years the hotel company has been ably
represented, legally, by Messrs. W. p
Wallis and G.. r. Ellis. They have
fought every inch of ground and are
certainly to be congratulated upon the
signal victory they have achieved.
To Mr.. George d. Wheatley and Mr..
j. G. Nicholson much credit is due.
They are dnanciers of exceptional abil-
ity and experience, and but for their
persistent and untirIng forts the no
tel company might have failed TO re-
gain title to this property go long con-
tended for
The Bank of Southwestern Georgia
rendered the hotel company valuable
assistance in carrying out the plans
that had been formulated.
The company Will at once proceed to
repair and rehabiIitate the hotel prop
erty and bring it up to Its former value
and popularity. The Times Recorder
takes pleasure in chronicling thus fine
achievement of Americus' business
men. There is strength in unity
The people of Amerlcus built this
hotel, and in future Americas people
are going to own and manage it. Sue
cess to the hotel company.