Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1916-06-15
PRIMED TO START
100000 HOTEL CAMPAIGN IS
THOROUGHLY MAPPED
Directors of Contest Have Held Num-
erous Meetings and Things
VIII Start to Hum To-
morrow

All details have been worked out,
500 prospectuses have been mailed
out, along with several hundred
letters, the central committee is
meeting with good response to their
requests for subscriptions, canvass
ing assignments have been made,
captains have been chosen, and all
is set ready to go with the crack of
the gun tomorrow morning to raise
the 100000 for Abilene's new ho-
tel. The campaign directors have
had numerous meetings, and the
last final session was held at 4
o'clock this afternoon when the
cards were allotted.
Every fine point OF the campaign
has been gone over by the commit
tee, headed by Fred Coulson, Frank
Geoffroy, DR.. E. L. Garrett, E. H.
Forney and c. H. Brooks and they
are confident of putting it through
successfully in ten days. A big
thermometer will be erected in a
prominent place and the public
will be regularly informed of the
progress made.
The following captains of teams
have been selected by the campaign
committee and tomorrow morning
the canvassing will start: A. L.
Duckwall, VIM. Sterl, w. H. Brough-
ton, J. E. Keel, Ed. Johntz, P. w.
Heath, c. Bath, Bruce Hurd, Harry
Lifts, C. C. Wyandt. Additional
captains and full team membership
will be announced later.
Prospectus Issued
A prospectus issued for the in
formation Of the public follows in
part. The hotel and site, the old
Central hotel and Albert Lenze
properties, will cost from $50 900
| to 100000.
A three story building which will
cover the site Of II feet on Third,
III feet on Spruce and so feet
frontage on Second street.
Income: Rents from hotel proper
$3.50 per month or $4,000 per year;
rents from store rooms 1928 per
month or $27O0 per year; total an
nual income $500.
noJ,,oksn0 aotiYnotod pYnpnGpgs
Insurance 5000, taxes $1,000, Incl
dentals 5000; total expenses $500.
Undivided profits $4,000.
Dividends, common stock $4,000
at per cent, $500; preferred
stock $4,000 at per cent, $4,000;
total dividends $4,000. Surplus $500.
OF the surplus of 5000, $500
should be set aside annually as a
sinking fund to be invested in
some other interest bearing securi-
ties to take care of any deprecia-
ton or unusual expenses. This would
still leave a balance Of 500 per
year as guarantee fund on inter-
est charges.
Organization: A corporation will
be formed and bear the name OF the
Abilene Hotel Company, to be in
corporated for 100000 divided in
to 500 shares of preferred and 500
shares of common stock at the par
value of 800 each.
Earning power of stock: The pre-
ferred stock will earn 5 per cent.
This stock is cumulative. You have
no taxes to pay. This company pays
the taxes. This means that your
earnings will be little better than
5 per cent.
Dividends will be payable on
January and July of each year.
Terms of payment for stock pur-
chased based on one share at 800:
SIS per share payable Aug. 1, 1916,
IS Sept. 1, $40 Oct. 1. $40 Nov. /.
$40 Dec. 1, $40 Jan. 1, $40 Feb. /,
$50 March 1.
Preferred and common stock have
same voting power, each share one
vote. No assignment, pledge or sale
of right under this plan is permit
ted until stock is fully paid for.
Then the stakeholder may keep or
sell as he chooses.