The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1909-08-10
MORGAN TELLS DF
BUILDING PLANS
Continued From rage one. J

Continued From rage Une.)
to strengthen our influence in Con-
gress and elsewhere.
"The business interests of not only
Honolulu but of the entire Territory
will be benefited by such an enterprise
While the work of the Chamber in the
past has proven of distinct benefit to
the Islands, I feel that it should be
broadened and extended, and this GER
tainlv can be much better accomplish
edo if we own our building than if we
simply continue to occupy a small
room in another Office building. The
people generally will, am sure, take
deep interest in such an undertaking,
which will tend to make them realize
that the Honolulu Chamber of Com
| merce has distinct and forceful en-
tity, and that the organization must be
counted with in all that pertains to
the advancement and betterment of
| eonditioas throughout the Territory.
strangers coming to Honolulu from
| the mainland and abroad are constant
| ly asking: Where is your Chamber
! of Commerce buildinge Where are your
| exhibits of the products and industries
! Of the Territory such as we find in
other progressive citiess' Standing as
we do at the Crossroads of the Pacific.
much more is expected of us than of
other cities elsewhere ten times the
size of Honolulu.
'1n the present room of the Cham
Der, third floor of the Stangenwald
building, may be seen the plans for a
| Chamber of Commerce. building, sub
mitted by two of our local architects,
| By these it will be noticed that the
/ entire upper floor of the building is
reserved for exhibits, excepting a small
space to be occupied by the Sec.
retary's Office and the Information
| Bureau.
| ''The ground floor and basement will
be rented for business purposes; the
| second story will be arranged for of.
| fees; the third story will have q
| Directors Room, Assembly Hall, capa.
bic of seating fully FIVE hundred peo
pie, besides another large room, which
can be leased to the Stock Exchange
or some similar organization.
"The contemplated cost will be
about as follows:
"Priee of land, $4,000, suitable
| four-story building, modern in ever,
detail. finished complete, $50 900; max
ing total of 1925 900.
"1n order to provide the necessar,
| funds to carry through the enterprise
it IS proposed to receive, cash dona
tions from such members and friend.
having Hawaii 8 prestige at heart a,
may be able and willing to contribut,
and to issue shares of building stool
to members only of par value Of
800. upon which it is proposed to pa,
interest at the rate of per cent. b,
these two methods I feel assured tina
we shall be able to quickly realiz.
fully $4,000. the balance 1915 .000) t,
be obtained by the issuance of bond
bearing interest at the rate of 5 or
per cent.
d" Applications have already been re
ceived for all of the ground floor. an,
a number of inquiries have been mad
concerning Office floor space. Upon tn
completion of the Federal building
both stores and offices will, in m,
| opinion, be ar a premium.
Gas previously stated. plans hav
already been submitted by two of on
architects (Messrs. ]. II. Craig and Fl
L. Kerry, and additional plans are ex
pected from Mr.. w L. Emory and MI
Edward G. Duisenberg.
f'The option on the lot I am de-
eirous of securing will soon expire
Therefore, prompt action on the par
of the members of the Chamber
necessary.
F'I enclose herewith a statemen
showing average monthly receipts an