The Denison review. [volume] (Denison, Iowa) 1867-current, 1906-03-22
Will BOOM DEN|SON
First Steps are Taken In Large
Undertaking
WILL FORM CORPORATION
For Ownership of Hotel, Opera House
and Other Needed Enter
prises.

prises.
At it's meeting last Wednesday
night the Commercial club took the
first steps toward the formation of an
incorporation which if carried through
will mean the revolutionizing of the
city of Denison. 1t will make Deni-
son large and better city, will unite
our people in the bonds of common
interest and serve better than any
other project to build up the interests
of our city. For some time the talk
of hotel, opera house, and other pro-
jects has been in the air. The ques-
ton of location entered into the dis
putc and it seemed more than pos
sible that in the mix up nothing would
be accomplished. Recently the leaders
of the projects got together and
agreed to pool their interests instead
of fighting each other. In accordance
with this idea motion was passed
appointing E.Gulick, George Naeve,
C. L. Voss, Sears McHenry and j. B.
Romans, committee to formulate
plans and to solicit stock subscriptions
for the erection, first of a hotel on
the site of the old Wilson House and
second for the erectionsof new opera
house on the present opera house cor
ner. By agreement the project Of
completing the Denison hospital was
also included.
Since the appointment of the COM
mittee the idea has taken even larger
scope and it is now proposed to form
general stock company for the pur-
pose of making investments from time
to time in such things as may be for
the benefit of the city as we'll as for
the financial benefit of the stock hold
ers. To our notion it would in many
respects be better than municipal
ownership. In municipal ownership
the taxpayers are obliged to pay not
only for their own benefit but for the
benefit of the man who may have very
little financial or other interests in
the town. The formation of large
stock company with shares within the
reach of all would make the projects
belong to the people of Denison who
dlli... y1rer ested III Its welfare. They
~ a be financially interested in the
success of the undertakings and in
their economical management. The
stock of the new company should be
not less than 800, 600 and the shares
should be not to exceed $25 each.
Every man who can at all afford it
should become stoc' holder and the
stock should be made payable on the
installment plan. II the investments
are profitable and it is the opinion of
some Of our best business men that
they would be, sinking fund should
be set aside for the purpose Of re-
pairs and further for the carrying on
Of new projects as they might pre-
sent themselves from time to time.
Thus can be started great upbuild-
ing force for Denison, . power that
shall increase instead of diminish so
that in time the patriotic citizens of
Denison may own in common many of
the enterprises of the city. There is
really no limit to the activities in
which such corporation might en-
gage. A building and loan association
could be formed. mutual fire insur-
ance be established and factories be
encouraged.
The committee appointed is splen-
did one, composed as it is of active
and progressive business men who we
believe will give their best work and
thought to the matter. If they do,
if they will make it a matter Of
pride, and will give to the work one
half the business acumen they have
shown in their private affairs, there
is no danger of failure. A modest,
we'll built, fire-poof and we'll managed
hotel would prove paying PROPOSE
ton in Denison. Tie need is almost
sppressively felt. Denison is good
T4llTOdu pOlIlI dilu VIC PdtloudSC Va q
nodern, first-class hotel would be
great.
The opera, affordins even the
vretched accommodations that it does,
has been good paying proposition fol
the past years. So much SO that it is
fast paying for itself together with
the interest on its indebtedness. With
arst class facilities. Offering some
thing of comfort to patrons, and draw
ing high grade of attractions the in.
come of new opera house would be
double that of the old one, while the
cid building would be the source Of
income as dance hall. As to the
hospital project we are informed that
the building is now at a standstill 70,
lack of funds. The people who have
put their capital into it are willing tc
make great concessions to see the
building completed and the project