The Hawaiian gazette., 1909-07-16
CHAMBER SOON
WILL HAVE
HOME
tFrom Thursdays Advertiser.)

Commerce will cost $l25,000. Shares in
the enterprise, valued at 800 each, will
be offered for sale to members of the
believed that large part of the money
necessary can be raised. The balance
will probably be sec"-1d by issuing
bonds. The $l25,O0O will be used to
purchase the, suggested site at King and
Bishop streets, and to erect suitable
building.
The matter was preached at a meet
ing of the trustees yesterday afternoon
and was discussed at length. At the
close of the meeting, President Morgan
felt very sanguine over the outlook.
The site at King and Bishop streets,
which President Morgan hopes to Sc
cure, can be purchased for about $780,
900. The estimated cost of the build
ing is placed at $4,000 1t will be on
this basis that the undertaking will be
financed, though quite bit of leeway
| has been allowed for such expenses as
can not be figured on in advance.
With reasonable amount of the
capital stock subscribed, and the sue
cess of the undertaking assured, it is
| believed that the concern can be bond
ed for at least $4,000 and thus the
necessary money secured with which to
commence building operations. AS the
enterprise is of a public nature, it is
hoped that money can be secured at
| five per cent.
The plan is to erect a reinforced con-
crete structure, a combined store and
Office building. The ground floor would
be available for high.class mercantile
enterprises, while the second story
would be fitted up as offices. The plan
is to have these offices the finest and
most attractive in the city.
The third floor is intended as the
home of the Chamber of Commerce.
| Here would be large assembly hall,
capable of seating fully 500 people, ex.
hibition hall, directors room, presi-
dents office, secretary's office, and such
other administration offices as would be
necessary. Thus the Chamber of Com
merce would have a plant, admirably
suited to all of it's requirements, and at
the same time paying investment for
those who purchased shares of the
capital stock.
The final figuring as to the probable
income from stores and Offices has not
| yet been completed, but the result will
probably be announced before the end
of the week.
President Morgan and Secretary
Wood expect to spend all day today in
consultation. The submitted plans
which seem the most suitable will be
gone over carefully, rental prices for
stores and offices in this city will be
secured, and such data will be compiled
as will be necessary to put the project
before the public in concrete form.
Not only will the new building prove
a profitable source of income, but il is
believed that it will enable the Cham
Der of Commerce to expand its work in
many directions. Much of this expan-
sion has long since been indicated but,
owing to the lack of q suitable home,
it has been impossible for the Chamber
to consider it seriously.
For one thing, the Promotion Com
mittee will probably become an integral
part of the Chamber of Commerce. Thus
Secretary Wood will be enabled to take
up his office in the new building and
devote all of his time to the affairs of
the Chamber, without being at tho
beck and call of two institutions. This
is the plan that has been worked sue
cessfully in the Los Angeles Chamber
of Commerce, the promotion work of
that organization being famed far and
and wide for its unqualified success.
Though the Chamber of Commerce
and the Promotion Committee have al
ways worked in harmony, it is believed
that, were the two organizations ANAL
gamated, their scope Of usefulness
would be greatly expanded and that
both as regards promotion work and
local civic advancement the result OF
the amalgamation would be beneficial.
With the proposed assembly hall an
accomplished fact, such public meetings
and addresses as are held under the
supervision of the Chamber of Com
merce would be held right in the build
ing, and not at some outside place.
The idea is to make the permanent
exhibition feature that will attract
all tourists, and, at the same time, will
be valuable to residents of the Terri
tory seeking information in regard to
some of the diversified industries of
Hawaii. The exhibit would be such as
would furnish the visitor with very
complete idea of the industrial activi-
ties of these islands.
/ ~" %hhEuSb no. tHc
nual meeting of the Chamber of Com.
merce will be held. In compliance with
the charter, the trustees yesterday af.
ternoon fixed the date of the meeting.
BY that time the building project win
be ready to spring.
The secretary was yesterday authoriz-
ed to get out the annual report of the
Chamber in time for the meeting. The
work of the organization during the
past year will be reviewed at length.
and the general progress of the Cham
Der will be shown. One thousand copies
will be issued this year, the trustees
having appropriated $3.50 to pay the
expenses Of printing and publication.
Last year's edition consisted Of only
800 copies
#
W. O. Hall In.