Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1915-06-19
Required Sum Is Raised il
Whirlwind Campaign
By Committee
MORE THAN $127,OOO
SUBSCRIBED TO FUND
Will Work for $15O,O0O and
Cut Down Amount Of
Bonds to Be Issued

PROBABLY the greatest stroke OF OF
tum wa boosting ever accomplished hai
Just been completed by the committed
that promoted the new hotel project Id
reaching the goal set Monday night
$l25,o00 for the hotel Three days OF
strenuous and nerve racking work
py men who sacrificed their own busE
ness affairs to work for the public good
mas resulted In the assurance that OF
tumwa Is to have tho modern hotel
costing $250,000. In those three day9
IN which 1t was sought to raise stocN
subscriptions to the sum of S29, 9,OOO.'
the workers builded even better thar
they knew and $4,000 was raised. a.
They do not intend to stop at that.
These men who worked hard to pass
the goal Of $125, 900. the sum needed Ia
validate the subscriptions, having aos
complished this much are now Willing
to work for greater sum with the inss
tention Of making the investment even
better than it was hoped to have it.
for with additional stock the bondss
will be cut down and the expense 81
financing the proposition materially res
duced.
Begins New Era.
A meeting Of the executive commit.
tee and the members Of the various
soliciting committees was held this
morning at the Commercial association
and the determination to increase the
amount OF stock subscriptions was the
result. Enthused more Than ever over
the project, the boosters are now see.
ing things more clearly and have vis.
ions OF the Ottumwa that is to be- Tho
prevalent opinion is that Ottumwa iss
at the beginning of new era which
portends greater and better things for
the future.
The generous response made to thal
committees efforts for the new hotel
has buoyed up the enthusiasm OF these
boosters and they are planning to-
make this the first step in big moves
ments for the growth and developme ant
OF >Ottumwa. 1t has been urged upon
the committee to keep on the work on
soliciting until at least $3.50, 900 is rails.
ed In stock This will enable the re.
ducing Of the amount Of bonds neces.
sary to sell to finance a $25O,OOO build.
ing. With the stock increased and the
bonds reduced, some OF the local CAPT.
talists have said that they are willing
to buy the bonds and thus make an.
other saving to the project for the pur.
chase Of the bonds by local capital will
avert the payment of commission to
an outside bonding company. The de.
sire of the committees has been
Throughout to get away from bonuses
and commissions in order that all the
money raised for the hotel be put into
the project.
Another reason for increasing the
stock to $150,000 and reducing the
amount OF bonds, is to make the In.
vestment better for the stockholder
for all stock is on level The bonds
are expected to draw per cent and
with the reduction of the amount OF
these, a great saving for the stock.
holders will be made and their invest.
ment will be more attractive.
The committees that have been zeal.
ously working for the hotel during the
past three days, are taking breathing
spell today and resting in preparation
for the next soliciting campaign which
will probably be started next week.
Several more subscriptions some from
out of the city were expected today.
The total amount is more than $128,
900 at present.
More Subscribers.
Thirty-seven additional names were
added to the list of subscribers for
stock in the new hotel by the commit
tees Thursday afternoon. They are
as follows:
J. NJ Weidenfeller, r. M. Mozart
ney, c. L, Graham, Wallace Graham.
H. A. Graham, p. c. Loomis G.. W.
Sloan, Geo. w Evans, E. w. Daugher-
ty. F. L. Daggett, B. F. Logan, H. E.
Keene, Stevens Shoe store, Art OPP
penheimer, A. B. Williams. Ben Grotz.
H. NJ Hedrick, w. r. Wilson, Fowler
& Wilson, G. E. Fahrney, Geo. d.
Head, A. j. Goss, M Barmash, j. Red
man, J. B. Sax (trustee) Mrs. A. w.
Lee, Pallister Bros, X. M. Gaiennie,
C. w. Messenger, John Franklin, ]. w.
Neasham, H. l.. Bell, H. ]. Lytle, w.
F. schuette. J. G. Finnesey, G. p
Brown and A. Odenwalder.
|GORGAS S0TNDINC