The Hawaiian gazette., 1912-07-12
JOINT BUILDING
PLAN TURNED
DOWN
The Chamber OF Commerce viii
Have None of II and
Says So.
HAS NOT ENOUGH MONEY
Site May Be Sold to One Of the
Largest Estates in
the City.
HAS NOT ENOUGH MONEY

Theproiect of the erection of joint
four-story building costing $150,0OO on
the Spreclles' lot on the makai Wal
kiki corner of Merchant and Bishop
streets to be purchased at cost of
100000 for q home for the Chamber
of Commerce, Commercial Club Mer-
chants Association and other organi-
cations was-disapproved at meeting
of the trustees of the chamber of COM
merce yesterday afternoon. Thus
comes to an end the latest effort begun
five years ago to erect home.
The action was taken in unanimously
approving a letter, sent by President
Spalding to the special joint committee
investigating the proposition, stating
that because of limited membership and
resources the chamber of commerce
would be unable to pay higher rental
rate than 800 month. The report
of the special committee read and dis
cussed at the meeting stated that a
gross income of rental would aggregate
$4,000 per year for the proposed build
ing and request was made that the
chamber of commerce contribute as
literally as possible.
1t w9s also reported at the meeting
that the Merchants Association had
made report in. which it stated it was
able to pay rental of only $50
month SO with the action OF these two
organizations the proposed plan for the
new building will not be carried out.
Site to Be Sold.
The Spreckels' site will now be sold
to large estate, either the G. NJ.
Cooke, or Anterior estate, it was re-
ported after the meeting yesterday.
The original option on the entire prop
erty secured by Robert Single expired
July 4, but this option was then ex
tended for thirty days. The deal for the
site will probably be closed within
few days. The lot includes $4,000
square feet.
The report of the special committee
read yesterday stated that the work of
the committee had approached the
point where it was necessary to obtain
information as to what quarters the
different organizations would require
and the maximum rental each could pay
> toward making the building business
investment for those to whom they
must look for funds either in taking
stock in the holding company or as
the holders of bonds which may be is
sued. The members of the joint COM
mittee were r. ii. Paris, +. w. Mac
farlane, Fred l.. Waldron, w. f. Dill
bingham.
Need More Members.
After reading the renort President
SnaIdina stated To the trustees that fine
nToiect was verv desirable one and
If carried out would be the culmina-
ton of five wears, efforts to get build
ing, but that until campaign for an
increased membership can be inaugu-
rated and increased resources obtained
the body is not able to assist in the
project. He then read his report which
on the motion of E. d. Tenney was
unanimously adopted by the trustees.
1t reads as follows: " Your favor of
yuly ISL mas my attention. 4 note that
.ne Plahs y. yoIa V .nn eet ioI s
puiiuls " tne ar ~ 600 u :,
az. .Iui SUI puiiu f -, W Soso glJo;oJo anu
t sno puielie,su " .,n SInsdSt ~,
Tue soutne"st 'oiiea VI nv s S,no o anu
n1.; 80 80. oe $3.50 gWo'o wv
nnoana;to 800 80 ;ro %aDo'oof an n,
co. 900 e. ''''
9iAs 70 nc +ororcv of tho cbarbo,
of oo,,r,orea. 7 lii hr;na +biS note,
70 tbo ot+ent;on of Tho trustees NJ The
noxt ,naetina Wodnosday novt 0n1
nrosont rentsi l. s5o month T,come
fn;tad ana ,,lodgod largely n va rio,,s
;nrorta,+ ,n.t+ors of ruhI;c interest i
III ;s tbn obon,bar nn+;I ;+s hor,