Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1911-12-28
Twenty Live Wires Make a
Start on Whirlwind Cam
paign to Cinch Daum Ho-
tel Proposition.
MEETING FIRED
WITH ENTHUSIASM
Strenuous Effort Being Put
Forth Today to Complete
Subscriptions for $4,000
to Close Deal.

5 aOuDScIlpIlOIlS LUZ poV,oVV
to Close Deal.
A committee Of twenty live wires
who want a new hotel for Ottumwa
are actively engaged today in making
another canvass for subscriptions or
preferred stock In the Daum $165, 900
hotel proposition Il
A mere handful Of men who were
patriotic enough to come out to the
meeting called for citizens in the Com
mercial association rooms yesterday
afternoon after considerable discus
sion of the Daum hotel proposition
from various angles, decided that the
proposition was too good to fall
through at this time and lent them
selves to the task of raising the money
necessary to secure the necessary
amount of preferred stock to assure
the erection of the building. The
volunteering of some of the city's busi-
est men personally to go into the
work of canvassing subscriptions lent
a zest to the cause and although near
supper time when the meeting reached
that point, a committee Of Ave began
the making UP of list Of names of
persons to be seen and designated who
should call upon them. The sum Of
$21Oo was raised during the afternoon
and the present total of the subscrip-
tions now stand at $3O,50O.
Need. Less Than $4,000.
Under the new condi itions that have
been brought about since the PROPOSE
ton was formerly submitted and al
lowed to drop, there remains but $780,.
900 instead OF $75,OOO Of the preferred
stock to raise in Ottumwa. This
makes the amount to be raised here
IN order to secure the new hotel mat
ter of less than 100000 although it
does not diminish the amount of stock
TO be subscribed as originally con-
templated other than that the latest
arrangement secured by the promoter,
w. r. Daum, includes an opportunity
to raise $4,000 preferred stock sub
scription in Chicago upon the promise
of Mr.. Daum to buy $4,000 of that
amount within ten years. The concern
taking the third Of the preferred stock
must be given the contract for the
building, but it acts as supervising
architect and sublets the various parts
OF the original contract and while CIV.
ing a bond to secure the hotel company
that the cost Of the building will not
exceed the estimates 1t has made on
the erection, it further promises to
give after holding 10 per cent above
the lowest bid OF any Of the sub-con-
tractors, whatever saving there might
be below the original estimate Of what
that particular branch OF construction
might cost. In word the company
states that it will guarantee by bond
that the building will not cost more
than estimated, and to see that II it
can be erected at less cost the hotel
company will be given the saving in
price except 10 per cent charged as
payment for plans and supervision by
the contracting arm. n. ... s.'.
Help the Unemployed. &
To bring this about considerable ex-
preston was brought out among the
men present and talks favoring the
proposition were made. Major Samuel
Mahon dwelt upon the benefit of the
building to the unemployed labor cir
cles Of Ottumwa during the coming
year. He pointed out the Importance
TO the business men Of Ottumwa to
supply all the employment possible to
the laboring men of Ottumwa during
the next year, saying that the pros
pect for great deal of employment
was not the brightest and that it Is
possible for the mercantile interests to
help themselves by supplying work to
the labor Of the city otherwise un-
employed. The help to the city from
q building standpoint and in the gen.
eral tone of improvement was also
cited. M. B. Hutchison stated that in
the event the new hotel carries there
Is a pretty good assurance of few
more sites in the same block being
graced with new structures and i'm
provement of the present buildings.
T. H. Picklar stated that If the matter
was to 60 through the meeting then
assembled must decide and urged that
all lend to the enterprise, saving that
IL the proposition goes by now. it will
be many years before another so good
presents itself. He urged that action
be taken Immediately. John H. Nor
reIl advocated that the task be started
without further delay and that COM.
mittee or committees be started on
the work of soliciting the subscriptions
and volunteered to go with any COM
mittee and do all in his power to Sc
cure the remainder of the stock to
assure the city of the new hotel. He
and w. j. Donelan related their ex-
Continued on Page g.,