The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1909-12-23
!. NJ. c. 4. AND
LIBRARY CLOSER
Only ThouSand-DoIlar Difference
Stands in Way of Clos
ing Deal.
MAY BE SETTLED UP TODAY
Board of Directors Win Render
Decision Some Time This
Afternoon.

just $1,000 now is all that stands in
the way of an agreement between the
Y NJ. {. A. and the Honolulu Library
and Reading Room Association in re-
gard to the library property on the ma.
uka-E Eva corner of Hotel and Alakea
streets. The Y N. c. A. has made the
library association an offer of $4,000
for the property, and the library asso-
citation has notified the Y. NJ. C. A.
that it will let the land go for $27 900
The matter may be settled at four
o clock this afternoon when the direc.
tors and trustees of the Y. NJ. c. A.
will meet to discuss the latest offer of
the library association.
The directors of the Y. NJ. C. A. had
been led to believe that the library as
ISOLATION would consider an exchange.
on even terms, of their property for
the present home of the Y. NJ. C. A.
on the makaiEwa corner of Hotel and
Alakea streets. At meeting of the
library association trustees, held last
week, this proposition YVES turned down,
ed that a cash offer would be eonsid-
cred.
Tuesday afternoon the trustees and
directors of the Y. M. c. A. held a joint
meeting and decided to make a cash
offer of $4,000 for the library proper
ty. 1t was understood that the library
association was willing to accept such
an offer and it was believed that the
tender of the Y. NJ. C. A. people would
settle the matter right away.
At noon yesterday the directors Of
, the library association met, discussed
! the offer, and directed that the follow
ing communication be sent to the sec
rotary of the Y. NJ C. A.:
Answers By Letter.
cit was voted on account of the ex-
pense involved in fitting up other prem
Uses, and the rental thereof, the offer of
the Y. NJ. c. A. be not accepted, and
as a counter proposition the library as
ISOLATION will accept the sum of $27, 900
for the property and will remove there
from on sixty days notice in writing
after the payment of the purchase
money. Provided that the shelving,
fixtures and other personal property
may be retained by the library asso-
ciation'
3 As to whether or not the 7. NJ. C. A.
will accept this offer. General Secretary
Paul Super declined last night to
hazard an opinion. He stated that at
four o clock this afternoon the matter
will be threshed out by the trustees
and directors and that the decision will
be speedily made public.
Location of Property.
The Y NJ. c. A now holds an option
on the property just Eva of the library
building on Hotel street and extending
to Adams lane Add to this the library
property and the Y. NJ. c. A. will then
have a frontage of 142 feet on Hotel
street. The library property has a
frontage of PIP feet on Alakea street,
while the Y. NJ. c. A. has an option
on the property on Adams lane running
back to the new telephone building,
distance of 1873 feet This makes
total area of $4,000 square feet
The option price on the property ex
elusive of the library site is $50, 900.
Add to that the $4,000 which the
library demands for its property and
the total cost of the land for the new
Y. NJ c. A. building amounts to $57,-
600.