The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1916-11-16
PARK FUTURE
May Be LOSS
FOR SEVERAL
STOCKHOLDERS

Whatever is to be the future use OF
Morton park, with its great acreage
extending practically from the North
Twelfth street bridge up the White.
water river channel half mile be-
yond Gaar road, guarantors realize
that many obstacles are to be over
come first. The guarentors and share
holders will meet tomorrow night In
the Commercial club rooms
According to C. w. Jordan, presi-
dent of the German-American Trust
and Savings bank, who was CONNER
cial club secretary when the park was
purchased, the guarentors are hopeful
as to the future of the project and 1t
Is by no means an abandoned white
elephant.
Refuses to Predict.
Secretary Haas refused to predict
what disposition will be made of the
company or its expensive holdings.
The holdings, as they stand, are value
less, and the company is defunct. AS
to possibilities, Mr.. Haas would ven
ture no statements.
81 would not raise any false hopes,
he said today
Many men lost $50 or will have lost
II when the shareholders take the only
action left for them to take in justice
to the guarentors, the transfer OF the
property to the guarantors without ne
cessiating legal foreclosure OF the
mortgage which the guarentors &C
uuired from the Dickinson Trust COM
pany.
Here is a list of the guarentors who
had to pay $444.35 each as result OF
their faith and generosity in connec-
ton with Morton park:
8. e. Swayne. James A. Carr, Rich
ard Sedgwick, William Dudley Foulke,
Omar Hollingsworth, H. r. Robinson,
George E. Seidel, Henry Gennett, s.
w. Gaar, George H. Knollenberg, j..
NJ. Lontz, Adam H. Bartel, E. b.
Clements, Sharon +. Jones, Howard A..
Dill, Alonzo NJ Gardner, T. Henry
Davis. Glenn A. Gaar, DR.. d. w. Stew
enson. William Fl. Rooney, George II.
Eggemeyer, John Fl. Nicholson. Pettis
A. Reid, John II. Johnson, S. w. Hay
es, Ebon Louck, T. II. Hill, estate OF
John B. Dougan, P. w. Smith, M. q.
Henley, Clayton B. Hunt, Walter NC
Conaha, r.. G.. Leeds, s. G. Markley
and w. d. Loehr.
Park committees two years ago re-
fused offers of several amusement
device companies for taking over
portion Of Morton park. There were
various reasons and in some instances
the amusement companies SHE'D from
the project when the traction COM
pany demanded the first move from
them.
Facilities in Demand.
I'VE must have transportation IA
cilities," their representatives said
The traction company then made a
move by laying tracks in the new con-
crete pavement on North Nineteenth
street, but the tracks have never been
connected with city lines and since
the Pennsylvania railroad company
started it's improvement, it will be
more difficult than ever to bridge the
railway.
This will be one of the obstacles the
park company or new company pro-
posed, will have to face. Another will
be the lack of funds, unless an amuse-
ment company comes in and rents the
park. A third is the absence Of "go-
ing" value To all intents the park
Is dead and bears that stigma which
must be removed. Another is the
Typographical impossibility of making
q bathing beach near the dam, which
is closely allied with the problem of
preventing the settlement Of silt in
great quantities in both upper and
lower sections.
1--WE would have fortune If We had
a bathing beach in the lower part"
said Mr.. Haas.
1t Is generally admitted that the
original purpose of the park would
be more closely followed should an
amusement park be installed east of
the Gaar road, but this part of the
park is inaccessible and the lake is
dotted with new islands formed from
silt. Should one Objectionable ele-
ment be overcome, 1t would be neces-
cary to convince the car company of
the profit in extending its Glen Miller
park car line past the Glen lake,
through the railroad culvert, which
will have concrete roadway, and
close to Hawkins pond.
Stock will be well represented
either by holders or their proxies to-
morrow night when the meeting Is
called in the Commercial club rooms.
Secretary Haas has been gathering
proxies for several days. Many were