The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-04-20
MODERN HOTEL
IS PLANNED FOR
UPPER MAIN ST.
Seven Hundred Thousand Are
Pledged for Structure on
Old DeSeret News Corner.
PRESIDENT SMITH SAID
TO FAVOR PROJECT
SUBSTANTIAL BUSINESS INTER
EsTs TAKE HOLD OF THE
PROPOSITION.

That Salt Lake City shall have an
other magnificent hotel structure was
decided at a meeting of prominent local
business men at the Deseret National
bank building yesterday afternoon,
when the old Deseret News corner,
Main and South Temple streets, was de-
Cided upon as the location for a modern
hotel building Of from ten to fifteen
stories in height. and to be constructed
at a cost of $1,000 900. this amount to
include the purchase Of the site
The trustee in trust of the Church OF
Jesus Christ of Latter-Day Saints was
approached regarding the purchase OF
the site by a group Of representative
business men yesterday morning. and
those interested met in the afternoon
TO discuss the project. At the after
noon gathering IL was announced that
it would be possible TO secure this lOCa-
ton for a hotel, and the proposition was
/ Immediately placed before the business
men present for their consideration.
Governor John c. Cutler acted as
chairman Of the meeting. and Lorenzo
n StOhl as secretary. Prominent bust
ness men present were r. @. Weber OF
the Z. c. NJ. T.: T. r Cutler of the
Utah Sugar Co.; W W. Ritter, L. s.
Hills. Anthem II. Lund, John r. Win
der, W. 5. Mccormick, George ROmney,
Elias A. Smith. Heber J. Grant. W. n.
Williams, w II. Bancroft, Charles A.
Burton and John Henry Smith.
Plans Well Considered.
At this meeting it developed that the
idea Of a modern hotel for upper Main
street had been under consideration for
some time. Remarks upon the PROPOSE
ton were made by many Of the men
present, and practically every man at
the meeting spoke in most encouraging
terms Of the venture. Mr.. Bancroft was
very enthusiastic, and expressed the
belief that in ten years salt Lake would
have a greater population than any city
west Of the Missouri river. His remarks
we're directed toward the building I'D OF
salt Lake, and he expressed the opin-
ion that the erection Of a new hotel in
this particular part Of the city would
be long stride in that direction. After
the opinions Of many Of those present
had been listened to, a motion was
made to the effect that the hotel be
erected and that the authorized capital
Of the company be fixed al S1.j00 000 IL
was further decided that the name Of
the new company be the Utah Hotel
company" John q. Cutler, ". s. Nc
COrnick. l. s. Hills. Charles $. Burton
and HebeT J. Grant were appointed as
q committee to secure the necessary
subscription to stock. and make ar
rangements TO get the plans for the
new building under way at once.
Big Sum Pledged.
Lorenzo y. StOhl. who was secretary
at the meeting yesterday afternoon.
said: Seven hundred thousand dollars
of stock is guaranteed absolutely, and
can safely say that this amount will
have been secured by tomorrow even
ing" II is understood that the new
hotel company viii not hesitate to issue
bonds TO complete the 100000, which
is the amount intended to be expended
upon the construction Of the building
and the. purchase of the site at Main
and South Temple streets. The corner
which has been selected has a frontage
Of 22j feet on South Temple street and
it5 feet on Main street. Ii is said that
the trustee in trust Of the Church OF
Jesus Christ of Latter-day Saints will
subscribe for a good block Of stock. az
viii a number OF the strong financial
Institutions in upper Main street.
among which viii be the Z. c. N. T..
Home Fire Insurance company, Deseret
National bank. ". s. Mccormick & Co.
and number of other well known local
concerns.
The first floor OF the building. il is
announced will be devoted TO Offices.
store s. and in an probability viii be
the home Of one Of the Leading banking
institutions Of the city. The entire
structure above the ground floor win
be utilized for hotel purposes. # is
said. The building will be put up on
the freproof plan it is announced. and
no money viii be spared in the effort
TO make f. the finest in the west. The
company aims TO have this hotel adver-
tise the city as nothing heretofore has
advertised IT, and it hopes To make Salt
Lake the rendezvous for tourists from
all over the world. by giving them A
hosiery that they can always remsm-
Der and tell their friends about.
The site which has been chosen for
the tw0-miili0n dollar hotel is declared
BY the promoters TO be one Of the finest
in the city II is at the head Of the
principal retail business street. and
just opposite the historic Mormon
buildings and temple grounds. a pic
turesque view n tho surrounding Cour-
try. with Itg Great salt lake and snow
capped mountains can be 0btafn from
the upper stories cf the proposed hotel
At tbe present time this site is occu-
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