The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1907-07-09
Richmond's New Structure
Will Be Erected at South
west corner of A and North
Eighth Streets.
PRICE PAID Is $4,000
BUT REID GIVES $2,5OO.
Committee Has Been Com
mended for Its Action---An-
other Meeting Will Be Held
At Once to Close the Deal.

The " NJ. C. A. board at its meet
ing Monday afternoon unanimously
decided on the site for the Y. NJ. G. A.
building, accepting the offer of Albert
w. Reed for his property on the south
west corner of North Eighth and A.
that being the Old homestead known
as the Irwin Reed property.
Mr.. Reed did not have his property
on the market and but recently refus-
ed to sell ii, but when the question
of a Y. M. C. A. site appealed to Mr..
Reed, he at once showed his public
spiritedness in offering his property
to the committee. the price being
$4,000, with a subscription OF $2.500
to the building fund. The architect
was consulted and stated that the
lot is sufficiently large and is good
location. The committee had a num-
ber of propositions before 1t but Mr..
Reeds proposition was the most reas-
enable and the site one of the best
Committee Commended.
Since the decision of the committee
IT has been repeatedly commended
for its wise selection of location for
prominent corners in the city and
with the exception Of Main street In
the most travelled street. is Of easy
access from all parts of the city, near
the business center and yet In a
comparatively quiet place. II will af-
ford large numbers of clerks and
business men a place of rest for noon
hour and for the young men who oc-
cupy the dormitory rooms there will
be nothing equal to this location in
the city.
1t is expected that the building
committee will meet at once. have
drawings made and that the work will
be commenced without delay The
trustees are to meet at once to close
the deal with Mr.. Reed. The special
Y. NJ. c. A. architect employed is
Harry Hussey of Lansing, Mich. Mr..
Hussey is Y. NJ. G. A. graduate and
makes drawings for nothing but Y.
M. c. A. buildings and is regarded az
the best in the United States.
Mr.. Reeds Proposition.
-
Richmond, Ind. July /, or
Adam ii. Bartel and Committee.
Richmond, Indiana.
Gentlemen:-If your committee
think that my lot, corner of Eighth
and North A streets, is the one that
they want for the Y. NJ c. A. build
ing. / will sell ii to them for $4,000
and will make my subscription to the
$1,000, which will pay in
This subscription OF mine
is made for the reason that ! would
not sell the property to any one else
for less than $4,000. 1t now pays
5h per cent income on that and it
was not my intention to sell IL at all.
If your committee only accept IL be-
cause they think 800 is full price
I do not want them to take IL at all.
AS / told the different members of
the committee, / was always in favor
of a corner lot, but was in hope that
they could get one without mine, but
that / would favor them at a far less
price than to any one else.
The two houses have simply month
~ tenants ana III understand the
law they have to have full thirty
days notice before the expiration OF
their month, one will be up the 23rd
and the other / think the Goth
This option, according to what
some of the members have said to
me. is to be for ten days and / will
confirm that part of it,
Yours respectfully,
A. w. REED.