The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-03-20
Suggestion Before Weman's
Club and the C. of C.
Build $4,000 Hosiery and
Combine Activities of Topeka.
TWO FLOORS TO THESE CLUBS
Together They Would Have
$4,000 Interest in Building.
j. III. Lee Behind Plan to Pro-
vide history Hotel Here.

Construction of "a new $4,000 fire
proof hotel for Topeka which would
also become the permanent home of
both the Chamber of Commerce and
Woman's club, was proposed. by local
business men today in advancement of
a novel building scheme. Promotion
expenses would be divided between the
two clubs which would float the stock
thru its individual memberships and
organized teams. This promotion
fund would give the two clubs $780,
600 interest in the new building
Adoption of the new plan will solve
several serious problems now facing
the city. 1t will meet promptly To-
peka's need of a modern new hosiery.
1t will afford the Woman's club a per-
manent home without an independent
campaign for funds 1t will solve the
problem of more extensive quarters
which now faces the rapidly growing
Chamber of Commerce. The in
ture was originated outside the two
clubs!
Under the plan advanced, each of
the $500 members of the. two clubs
would be apportioned $500 worth of
hotel stock to be purchased or sold by
members would not dispose of this is
sue. But the heavier stock purchasers
and the more aggressive members
would rapidly place this unsold Issue.
Twenty Per Cent Commission.
A selling commission of 20 per cent
payable in stock could be issued by the
hotel building corporation under the
Kansas blue sky laws The stock
would be issued under the proposed
building project in favor of>the Cham
Der of Commerce and the Woman's
club which might create separate
boards to direct management of this
holding and to cooperate with the
building corporation in which the
clubs would be members.
Each of the clubs would be provid-
ed an entire floor of the hotel, the
space to be used as their permanent
Kansas Reserve Investment company.
who originated the plan, would ar
range for separate dining rooms for
each of the clubs. with the additional
space to be used for offices and such
quarters as the clubs desired to equip.
Separate elevator service might be
provided to these floors. as well as
the regular elevators from the hoRl
Hobbies.
Combine Projects.
1.-THE real purpose of the PLAN"
said Lee, would be to give the Cham
Der of Commerce and the Women's
club the much needed space and per-
manent homes at an expense which
could be more rapidly met. It COM
bines several independent building
projects and should prove desirable to
the membership of both clubs. These
men and women would naturally do
much of the work in prom citing inter-
est in new hotel. But with the in
centive> of one-fifth ownership in the
structure and permanent home with
nominal expense, each member would
unquestionably make every effort to
sell his allotment and the stock would
be subscribed in a short time.
Minimum of Expense.
MANY of the expense items of in
dividual ownership and operation of
mans club would be reduced thru the
Capitalization plan. With the hotel
and two clubs under one roof, the ex-
pense for labor. heating, lighting and
upkeep would be brought to a mini
mum. Should the hotel company and
the clubs see fit, meals might be pro-
vfded by the hotel at stipulated rate,
thus giving each club high class indi-
vidual service in their own quarters.
Usually a club is forced to absorb a
deficit in the grocery bill. In this
case there might be a real profit"
Zone of the desirable features of
the plan" said G. L. Jordan of the
College Hill bakeries, SIS the fact that
the money which would ordinarily go
for promotion, goes into the hotel
$4,000 interest in the project, a
voice in the management, a share in
any profits and the best service at min
imum expense. The plan ought to go
strong"
Responsibility OF City.
att looks like the best thing that has
been presented said w. w. Eden of
the Kresge stores with whom Lee talked
today. "It is simply a responsibility of
the city to secure a modern hotel This
meets the demand with wonderful ad-
vantage to the clubs whose member
ship would put over the. stock selling
plan"
Members of the woman's club, as
well as members and officers of the
Chamber of Commerce are to be con-
suited regarding Lees proposal. The
Question will probably be presented Of
ficially in few days. In the mean
time Individual members are being in
terviewed.
individual members of the clubs
might pool their stock and sell it thru
team organizations" was suggestion
today by DR.. C. r. Silverthorne st
believe it would require but short
time to dispose of the entire $4,000
ISSUE"
The plan would give to the Chamber
of Commerce and the Woman's club
the two top floors of the hotel. 1t is
believed that with use of the entire
fund in the building enterprise. that
! the $4,000 stock issue would pro-
vide for a site and a ten or twelve
story fire proof building.