The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1919-06-06
THEH0TELkANSAN
The Topeka Project at Ninth
and Kansas Avenue
Finally Adjusts and OyercOmes
It's Obstacles.
NOW ABSOLUTELY DIVORCED
From North American and
Bankers Realty Companies.
Work Resumed Shortly, VIII
Proceed to Completion.

The Topeka ten-story, modern, fire
proof hotel at Ninth and Kansas ave-
nue. after various delays will be forth
proceed to completion.
Frank P. MacLennan, president of
the Kansas Hotel company, and Edwin
A. Austin, attorney, returned from
Omaha today, where they have been
during this week arranging the de-
tails for the full and complete trans
fer of all of the North American Ho-
tel compapy's interests and those of
the Bankers Realty Investment COM
pany, of Omaha, eover to the Kansas
Hotel company. which will proceed
at once to construct THE Hotel Kan
san," the excavations being made
about ready for the foundations.
The Topeka project is now COM
pletely divorced from the Omaha COM
panies. The deeds to the site have
been conveyed by the North Ameri-
can Hotel company to the Kansas
Hotel company, and the old contract
entered into with the Bankers Realty
Investment company for the construc-
ton of the hotel has been cancelled
All of the assets of the North Amer
lean Hotel company have been trans
ferred to the Kansas Hotel company,
and all of the stock subscribed, for in
the North American Hotel company
by the Topeka subscribers will be ex-
changed and Kansas Hotel company
shares. par for par, issued for it.
These latter shares are six per cent
cumulative and carry voting power
with each share; the North American
stock did not
The Topeka hotel is now on its own
bottom. Very many subscriptions
have been waiting for several months
pending the divorce of the Topeka
company from the Omaha companies
Mr.. H. NJ. Mcqueen. the fiscal
agent of the Kansas Hotel company
and his associates. F. N. Abercrombie
and others. take hold of the sale OF
subscriptions today with renewed
.Yigor and enthusiasm. Mr.. Carroll B.
Merriam, president of the Chamber OF
Commerce, says today that that body
and the committee will proceed with
real heart and confidence to procure
The dissolution from the Omaha
companies has now been completely
effected. The final papers were
| signed in Omaha last evening, with
| the exception of one signature from
one of the parties concerned who was
in Chicago. A wire this afternoon
| says the signature has been made and
the agreements fully executed.
| This will be good news to all Tope-
kans and kansans who may rest as
sured that the hotel will now go for
ward to completion.
1t is believed that this hotel will be
! one of the most profita BILE in the
whole country, as it is conceded by
| the public and hotel men that there
] is no place where such a hotel is more
greatly needed. Every well managed
| fireproof hotel, in a location demand
, ing it, is now among the most profit
| able business enterprises known.
| The stock of the Kansas Hotel COM
pany is practically assured to earn al
! least per cent net revenue over
and above taxes.
| The suit filed this week in Oman
| by the North American Hotel com
| pany against Bankers Realty Invest.
ment company has no bearing on the
! Topeka project; that suit was brought
| to settle disagreement and an &C
! counting between the two companies
neither of which has now any con.
hecilOn with the Kansas Hotel com
pany, which builds THE Hotel Kan
| san" at Ninth and Kansas avenue
| Mr.. MacLennan has not been in To
peka until today noon since the 18th O.
| April, having gone to New York a
| that time to attend the annual meet
ing of the Associated Press. He wa.
| taken seriously i'll there and confined
| to his room for several weeks. He ha.
now almost recovered, coming home b,
! way of Omaha, where he has beer
| since Monday last.
Mr.. MacLennan laughingly re
marked today: II determined to sta,
in Omaha with this project until /
was fixed up to suit the Topeka peopl,
and legally sound and tight. 1 tolt
! Mr.. Austin that 1 did not dare to re
I turn home to Topeka till it was so ad
! justed. l was asking monthly rate:
at an Omaha hotel when the issue
were suddenly all adjusted in a happ.
manner. with all parties satisfied
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