Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1910-08-13
LITTLE DOUBT
ABOUT HOTEL
f0ROTTUMWA
TWO PROPOSITIONS FOR NEW
HOSTELRY WE'RE PUT UP TO
COMMERCIAL ASSOCIATION At
MEETING HELD LAST NIGHT.

A new hotel for Ottumwa seems as
sured, and the only obstacle in the way
of the proposition now is whether II
will be building costing $4,000 and
located at the corner of Green and
Second streets, or one costing $150,00l
and located at the corner of Jefferson
and Main streets. Whether it will be
the Hoyt-Reed or the Daum PROPOSE
ton, seems to be the chief concern OF
the directors of the Commercial asso
citation and other representative men
of the city who met last night to dis
cuss local hotel matters. There seems
little reason to doubt that one Of the
two propositions will carry, for the
keynote of the addresses made at the
meeting last night was progress that
will brook no delay in accepting a
proposition offering favorable condi
tions. That some one thing at least
shall be finished by the association
this year, was the gist of the remarks
by one director and others said that
the hotel and interurban were not
propositions too big to handle, and
went further to say that the dropping
of these meant retrogressiOn for Of
tumwa September 10 Is the date de-
cided upon for something definite to
be known, and the time was extended
thus far only because of the peculiar
arrangement of conditions about the
two propositions that forbid the pos
sibility of earlier action. Several talks
were made at the meeting and gen
eral expression favoring the immedi-
ate action on one of the hotel propo-
sitions was the sense of the meeting.
Leaves no Doubt.
No matter which way the ball drops.
the chances are good that a five story
modern fire-proof hotel that will &C
commodate from 120 to $50 guests. will
be erected in Ottumwa as soon as It
is possible to complete the details
that have to be worked out on the
to be accepted. II the
of opinion expressed last
night was a criterion, there is no lon
ger a doubt of the erection of a mod
ern hostelry in OttuIuwa. The same
spirit that animated the securing of
the democratic state convention and
the building up of the Commercial as
ISOLATION membership from IS to 600,
is being brought to play in the matter.
To hear the short speeches by T. D.
Foster, j. K Mahon, F. w. Simmons,
J. C. Jordan, F. A. Nimocks, Calvin
Manning and others, at the meeting
last night one was led to believe that
the psychological moment had ar
rived.
Hou Proposition.
Tl,o ,>,oo&irr uoo oo11od t0 nrSor "
Chairman J. w. Garner Of the hotel
committee, who read the written pro-
position from H. E. Hoyt, Of Hinsdale
and followed it with a personal letter
from the hotel operator in which GER
tain matters in the proposition were
more fully gone into. The PROPOSE
ton calls for a five story hotel with
basement to cost 100000. Ground
are 10Ox132 with an en-
trance on both Green and Second
streets. The guest rooms number $50
and the building is to be modern and
fire proof throughout with pressed
brick street 4acings. The conditions
of the proposition was stated as fol-
lows:
Total cost 100000
Local capital $4,000.
Hoyt's Investment $4,000.
The local capital will be given per
cent fifteen years first martgage bonds
whic-. will be secured by the amount
invested by the hotel men, who take
the rish without security. The hotel
men reserve the right to take up the
bonds at the expiration of five years
Or any time thereafter and will begin
4 sinking fund of $1,000 a year to pro-
tect the bond holders.
Daum Offers to Build.
During the discussion of the Hoyt-
Reed proposition, W. r. Daum ad-
ressed the meeting and placed his
before the association. He
offers Is build five or six story hotel
absolutely Are proof at the cost of
S15O,OOO on t. e site at the corner of
Jefferson and Main streets, The con-
that local capital be
raisel tc. the amount of 100000 for
which perferred stock paying 5 per
cent will be given. These 100000 in
ponds will be disposed of by Mr.. Daum
and his share of the investment will
be in the form of $4,000 in common
stock over which the bonds and the
preferred stock take precedence The
ground dimensions of the Daum hotel
will be 1873 feet on Main street and 76
'eet on Jefferson street. All of the
'ooms except twelve will have bath
and there will be 121 in all
f tie bui.uin. is erected five stories.
f six stories an additional thi-ty-five
'ooms will be afforded.
Meet September 10.
Mr. Hoyt expects to return from
he east and get reply from the local
PARTIES interested by September l,
md Mr.. Daum goes east Sunday night
md will. not return until he same time
IS Mr.. Hoyt and has arranged to
lave his hotel man here by that time
This conflict Of melting dates
eft an obstacle in the way of
he hotel committee and was finally
adjusted by making the time of meet
ng on the proposition for September
O, thus enabling the Commercial as
directors to 60 into the two
fully and be able to settle
N both by the time fixed for definite
ction.