The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1907-11-05
Large Company Formed 10
Erect Business Blocks
WILL BUILD new HOTEL
LOCAL CAPITALISTS ORANIZE
WITH MUCH MONEY TO CARRY
OUT EXTENSIVE OPERA.
TIONS IN CITY.

Official announcement was made this
morning for the first time that all ar
rangements have been made and prac-
tically Nery detail worked out in the
organization of one of the largest finan-
cial undertakings ever launched in the
state of Washington.
The organization will be known as
the Walla Walla Security company and
will be comprised of 10 local business
men. The object of the company will
be to build and otherwise advance in
terest in Walla Walla property. Several
large projects are even now under way,
and the officers of the company are
confident that before the building sea-
son ends next year the city will under
ance but financially as we'll.
The company is organized on a solid
financial foundation; the paid up cap
ital stock amounting to $4,000, and as
Z
filed the organization will be in readi-
ness to begin actual work.
For reason that the Walla Walla Sc
curity company will follow along the
same lines as those adopted by some of
the largest realty and security COM
panies in the west, it's business success
is practically assured. Business real es-
tate investments will form the fund
amental part of their dealings; in
other wrrds the purchase and sale of
business lots and elose-in dividend
paying property in Walla Walla will
be the prime object of the company.
Will Build Hotel.
The first and probably the largest
undertaking to be advanced by the
company SO far as their policy is"now
outlined, will be the erection of a new
hotel which will be located on East
Main street, just above the Book NOOK,
and will cost in the neighborhoOd of
100000. The company also proposes to
develop and build the entire space be-
tween First and Spokane streets on
East Main. The building above men,
toned will be, when complete, one of
the finest hotels in the entire forth
west. That this is something needed
by Walla Walla is beyond a question:
able doubt, as it is well known fact
that this will soon be the stopping
place for not only large influx of the
commercial travelling trade, but hum
dreds of tourists as we'll,
Main street will be the center line
of attraction and so confident are the
members of the company in the flu
.ure prosperity of the city that al
ready negotiations are under way for
the erection of modern office buildings
along this thoroughfare.
Invest at Home.
Yearly. thousands of good Walla
Walla dollars are being invested in Sc
at;le, Spokane and Portland properties,
doubtedly solid, yet it Is a proven fact
that Walla Walla furnishs equal, and
even better advantages for good in
vestments. Where in Seattle 500 would
not form even small fraction for an
investment in Walla Walla that same
amount would realize good and safe
investment in Garden City~ property.
Real estate values in this city are in
creasing with astonishing rapidity, and
for this reason. the Security company
feels perfectly safe in Investing their
money at home.
The prosperity of Walla Walla coun-
ty. and in fact the entire state of
Washington the wealth increase has
been enormous, and it is principally to
this fact that the organizers of the
Walla Walla Security company at
tribute their confidence of success.
A partial list of the officers and di-
rectors of the company are given as
follows: Gilbert Hunt, Max Baume1s-
ter. Allen Reynolds. Arie Hover E. 5.
Isaacs, Dr. N G. Blalock, Robert
Jameson.