The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-04-17
STRONG MEN BACK
Of HOTEL PROJECT
Samuel NewhOuse Gives Out De-
tails Relating to the
Enterprise.
WORK is TO BE PUSHED
ON HANDSOME BUILDING
Incorporation Papers to Be
Filed, With Capital Stock
of ST. AGO. 900.

Work on the preparation Of the
ground for the new hotel to be erected
at the corner of Main street and Fourth
April 10, and will be pushed as rapidly
as possible Articles of incorporation
for the new structure will be filed Sat
urday morning. Contracts for the ex
cavation will be signed immediately, and
arrangements made with the Thompson
of the new building,
Samuel Newhouse, who is the moving
spirit of tho enterprise, said Friday
afternoon that the entire amount OF
stock has been subscribed for and n
sufficient amount paid IN to warrant
tho undertaking, and that nothing now
remained undonc to assure the accom-
plShment OF the great undertaking,
which has been under contemplation
ever since the construction of the New
house and Boston buildings became an
accomplished fact, and which will mean
so much for the business development
of the city.
Details Announced.
Details of the articles Of incorpora-
tion were given out by Mr.. Newhouse
ut his office Friday afternoon. The
company, which will have charge Of the
as the Newhouse Hotel company, with
a capital of $1,400,000. Shares in the
new company will have par value of
500 EACH The incorporators are named
as follows: Samuel Ncwhousc, 1000
shares; NJ. II, Walker. l50 shares; J. r.
Walker, 100 shares; John Y. Smith and
Frcd A. Druehl. % shares each. Di~
rcctors of the company Will be NJ. IL.
Walker. John Dcrn, w. J. Halloran,
W. Houston, T.. A. Druehl. Frank j.
Hagenbarth, John s. Bransford, j. r..
Walker, Harry c. Edwards, Charles N
Strevell, George ). Auerbach. j. Frank
Judge, Samuel Newhousc and Lafayette
Hapchett. Officers of the company
elected to serve until their Successors
are duly elected, are Samuel Newhouse,
dent: Lafayette Hanchett, treasurer,
and c. G. Parsons, Jr., secretary.
Privileges Enjoyed.
The articles of Incorporation grant
TO the stockholders the privilege of is
vide for the selection of an executive
committee of five members to be
chosen by the board of directors. Per
mission is given the corporation TO
transact business and to erect hotels in
the city without limiting the location to
the corner of Main street and Fourth
South, OF the capital stock, $S00.000
worth is preferred stock. which will bear
cumulative interest at Z per cent, and
100000 worth Of common stock. The
Thompson Sterrett company. which will
be chosen to erect the building, will bold
100000 worth of preferred stock, and
Henry Ives Cobb OF New York. the
architect, will hold $4,000 worth of
preferred stock.
Details of the plans have been COM
mented upon many times and are toler
ably familiar to investors of the city.
The structure will be eleven stories
in height and will be probably the fin
est hostelry in the west. Mr.. Cobb has
given special attention to the needs of
a hotel in this city, where the condi-
tlons arc said 10 he unusual, and every
thing about the new building, while of
the best in point of material and con
structlon, will be arranged 10 conform
TO the requirements of city which is
at once the center of large CONNER
,ial community and the headquarters for
an Immense mining district.