The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-03-03
Architect Is Ready.

j. Flood Walker, the eminent archi-
tect, is to have charge Of the coustruc'
tion work and is ready 10 proceed at
once.
Sam Porter is said 10 have been Sc
lected 10 have charge of the hotel wheu
ready for occupancy
Walter Hoff Seclcy. who has had
charge of efforts to finance the New.
house hotel since last June. returned
from New York Yesterday When seen
at the Hotel Utah last night he an.
nounced that be had succeeded III dis
posing Of the entire Issue of first
mortgage bonds of the hotel company.
He stated that as soon as his action
bad been ratified by the board Of di-
rectors of the hotel company, whic h
would likely occur AT u meeting to
be held tomorrow afternoon, the way
would be entirely clear for completion
of the building,
MIR. Seeev said that Mcssrs. w c.
Lackcy. Charles Brccll and J. Flood
Walker, vino investigated the matter
here within the past two weeks, re
turned to St Louis with splendid re-
ports upon conditions. and upon their
Recommendation he was able to secure
final action in the first mortgage bond
issue. -
Will Revise Plans.
1t was also stated by Mr.. Seelev
tbat J. Flood Walker had been retained
to revise the plans to suit the mort
gagee and the prospective operators of
the hotel, and that he would supervise
the work or finishing the structure.
Mr. Walker was the choice of AL con
cerned.
Some difficulty was experienced iu
placing the bonds. When Mr.. Seeley
visited New York last September he
was hampered hv the announced de-
Termination of the large New York
insurance companies To make no fur
ther loans on hotels outside OF that
city. He then entered upon nerotia-
tions with Charles j. Owen. who for a
number Of wears had been manager of
the Hotel Astor in New York. Mr..
Owen, however, was stricken with
acute indigestion and died shortly af-
terwards.
This necessitated another change OF
plans. and Mr.. Newhouse was appealed
| to. That gentleman interested himself
and succeeded in attracting the inter
est of other capitalists With these the
/ plans were thoroughly discussed and ar
rangements finally made for placing tho
! bonds.
! "Mr. Sam Porter said Mr.. Sceley
/ .'whO with Mr.. Newhouse originated
/ the Newhouse hotel idea, has been con
/ stantly at work on the project. He vii
J be the most important factor i'll th,
management OF the enterprise when il
is completed. .
Backing Is Strong.
"After his visit here - continued
! Mr.. Seelev, ''Mr. Lackey came back tC
st. Louis and reported that in Salt Lake
/ City he found no interests adverse tc
/ the proposition. The business men o1
the city, Mr.. JaS1ev declared, were z
unit for the completion Of the hotel
( II is y great relief TO me 10 know that
the hotel company rs now over the big
hill, There have been so many prom
ises. and so many times has hope beer
deferred, that il seemed quite discour
aging
Mr.. Seeley holds in high appreciation
the work that MIR. Newhouse has done
in assisting him 10 further his plan:
and bring them TO a successful conclu
sion. " Notwithstanding the fact. - sale
he. 'Ethat the mother of AIR. Ncwhous,
was i'll ia Paris and be was urged to q
10 her Just At the critical moment il
the bond negotiations. he waived hi,
personal plans and went 10 St Louis tC
assist in closing UP the arrangements
/ Mr.. Seeley is confident that the bone
arrangements will be ratified by the
/ board OF directors OF the hotel company
81 their meeting tomorrow, and that IN,
worl; OF completing the building viii
beginsimmediatelv thereafter.