The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-04-20
HOTEL PROPOSED
FOR UPPER MAIN
Mammoth Structure May Be
Reared on Old Deseret
News Corner.
COST Is ESTIMATED AT
NEARLY TWO MILLIONS
Prominent Capitalists and Nor.
mon Church Interested in
the Proposition.

Plans for the carrying out OF pro-
iect which will be second only to
the erection OF the Newhouse hotel,
at the corner of Main street and Fourth
South, are now being prepared by the
property owners Of upper Main street
! In the construction Of hotel building,
which is to be located on the old Des-
| cret News corner. at South Temple and
Main streets, 10 cost nearly $2,000,000
and TO be between twelve and fifteen
! stories high. At a meeting at the
| Dcseret National bank, Monday after
noon. the project was discussed at
| considerable length and large portion
of the stock required for the building
was subscribed
There were present former Gov.
crnor John G.. Cutler, who acted
as chairman of the meeting; T. c.
| Weber, superintendent Of the Il. 6. NJ.
! j.; t. i. Cutler, manager Of the Utah
Idaho Sugar company; w. w. Ritter
president of the Deserct Savings bank;
j.. 5. Hills. president Of the Descret
National bank; Anthon II. Lund and
John Il. Winder of the first presidency
of the Church Of Jesus Christ of Lnt
ter-day Saints; W. S. Mccormick George
Romney. chairman of the board OF
directors of the Consolidated Wagon
and Machine company; Elias A, Smith,
Heber j. Grant, representing the Home
f1re insurance company; Senator w.
NJ. Williams, ". IL, Bancroft, general
manager Of tho Oregon Short Line rail
| road; Charles s. Burton. cashier Of the
State Bank of Utah; John Henry Smith
| and Lorenzo y. Stohl of the Beneh
cial Life Insurance company. Mr.. Stohl
was elected secretary of tho meeting.
II is proposed to purchase the prop
erty at the corner OF Main street and
South Temple. now owned by the Nor
mon church, and erect handsome hotel
building, which shall be one of the fin
est OF the kind in the west. The prop
crty has a frontage of l75 feet on
Main street, 2o5 feet on South Temple
and will be occupied entirely by the
new building. Although complete plans
for the structure are not YET fully ar
ranged, IT Is known that the new build
ing will contain space for stores on
the ground floor, which will also be used
for the lobby Of the hotel. The upper
rooms will be used strictly for hotel
purposes
To Organize Company.
Arrangements were made at the meet
ing for the formation of company 70
be known as the Utah Hotel company.
with a capital of 81 100000. Provision
will he made In the articles of incor-
poratiou TO bond the property TO the
amount of nearly sl.560,0O0. in order
to cover every possible derail of ex-
pense which may he required in tho
erection OF the building, A commit
tee consisting of W. S. Mccormick. l.. s.
Hills, Charles & Burton and Heber j.
Grant was appointed To obtain all the
information required for the prepara
tion of plans for the new building and
an architect will be engaged as soon
as possible to undertake the details Of
tho work.
Members of the committee said Mon
dav night that IL was too early In dis
cuss details of the construction Of the
new building. That it will be first
class in every respect goes without
saving, and IL was suggested that the
services of an eastern architect might
be engaged to carry on tho work. On
account Of lack Of arrangements for
taking subscriptions, none WAS taken at
the meeting Saturday, although the
money is ready and will be furnished
as soon rs called for. One of the load
ing men in tho movement said that the
subscribers would not he confined To
those who were present at the meeting
Monday but that subscriptions would
be received from all who were inter.
cstcd in the project and who owned
property along upper Main street.
Ii was suggested that one portion Of
the building would be used for bank,
but this matter was discussed by ono
of the prominent bankers present Mt
the meeting. who said that the location
seemed n little tco far up town for
such n purpose and that there were
many reasons why the financial insti-
tutions of the city should get into To-
cations close together near the center
of the business district
To Boost Property.
n appears that the undertaking has
been under consideration for two or
three wears II was FIRST taken up by
prominent banker of the city with
President Joseph +. Smith of the Nor.
mon church. and after good deal Of
discussion WAS dropped. That the recent
determination Of Samuel Newhouse 10
erect tho new hotel building in the
south end of the business section of
The city has Influenced the promoters of
the scheme greatly is not denied. It is
claimed that the projectors desire to
boost the property in the vicinity of the
new building, and that it is felt that
in this the investors arc justified by the
rapid movement of property all over the
city Mt tho present time.
Charles S. Burton, cashier of the Stale
Bank of Utah. said Monday night that
there was not the slightest desire 20
null against thc move of the business
mon Of the city toward the south. He
commented upon the need Of enlarging
the business interests in the upper part
of the city. however, and stated EN-.
pha,ically that he felt that there was
ample room for more hotels than there
were at the present time He pointed
out the fact that the project had been
considered at n time when Mr., New
house had no idea of erecting hotel.
AS far as was known, md said that he
had been Influenced at that time by
the splendid location Of the property for
the purpose.
"Thcre is no hotel at the upper end
of the city Mr.. Burton said, "aud
the completion of the new Oregon Short
Line depot will undoubtedly make that