The Barre daily times. (Barre, Vt.) 1897-1959, 1914-04-16
One Assured if Citizens Will
Hell Along the
Il 4lterprise
AND GIVE FIVE-YEAR
TAX EXEMPTION
Company of Local People
Formed and $4,000 Cap
ital Stock Subscribed

Barre's need of a new hotel bids fair
to be filled this year if the plans under
way do not miscarry. The BARRE Hotel
company" has to-day filed with the see
retary of state application for incor-
poration "for the purpose of providing
a hotel, either by purchase or construc-
tion, in the city of Barre, in the county
OF Washington, and to acquire such prop
erty, rights and privileges as are thought
essential and convenient for the main
tenance and conducting the affairs of
such hotel. Also to own, manage or
lease such hotel, at said Barre, with a
capital stock of $4,000"
The incorporators are F. ID. Ladd,
II. w. Bisbee, w. NJ. Holden, B. w.
Hooker, John Trow, W. G. Reynolds,
H. f. Cutler, d. Nj. Miles, George B.
Milne and F. +. Langley. The capital
stock has all beer subscribed for by
the incorporators.
The corporation proposes to erect
four-story hotel with approximately so
rooms. covering the lot which is 45xl49
feet in size on the site of the old City
hotel, at an estimated cost OF $4,000,
provided the city of Barre will exempt
the hotel property from taxation for d
period of five years and the citizens
through the Board of Trade lend
the. aid il expects they will give
the enterprise. This is to purchase the
site and donate it to the corporation and
take care of certain other definite pre-
liminary expenses. An article has been
inserted in the warning for the city
meeting to be held April "a, to see if
the city viii vote to exempt the hotel
from taxation for the five years asked.
Soon after the city hotel was de-
stroyed by fire in January, the hotel
committee of the Board of Trade ac.
quired the site on which it had stood,
paying $500 therefor. At that time
numerous inquiries were made regard
ing the hotel situation in Barre, and this
endearored to interest va
rious parties in the hotel proposition
here. The Inducements held out to them
1.-THE gift of site and possibly exemp-
tion from taxationl did not appeal to
any OF them-it wasn't enough, and
there the matter dropped with each one.
As one party expressed it, "There are
thousands OF cities in the United States :
looking for outside capital to come in
and erect hotels for them, and to get
outside capital for hotels the induce
ments must be large" The committee
became convinced that if Barre was to
have new hotel it must provide all
The capital itself and in working out
his idea the Barre Hotel company" is
The result. The subscribers to the $780,
100 capital stock to go into the project
% provide Barre with new hotel,
hoping they will be able to come ont of
[ whole, sometime, but taking all the
shares and risks on smaller margin
If aid than any outsider will agree to.
L is now up to the citizens of Barre to
lecide whether what is asked is too
much to pay for securing a first-class
lotel for Barre. The ineorporators stand
'cady to give information to persons
Who desire to know more about the pro-
ect before they cast their vote in city
Meeting or take action as members of
he Board of Trade. 1t is the purpose
o acquaint the people thoroughly with
he situation so that all votes will be
AIKEN with clear understanding.