Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1922-12-15
The Truth About The Hotel

EHRW HUME EbWWW& AaEU AHU&WB
Malicious being circulated both verbally and in print
that myself and associates engaging in effort njure
often, and have
M that Sey d IN Roev h them e
a 5 have y.s t t6e
and why the 5 @ no on the pS to-
The facts and defy deny them:--
Sidney We'll osnsy od proposed plan for the bSd ing Of
be subscribed and thereafter company be organized
of the hotel
The Kiwan' Club appointed hotel committee here had been
first declined but after solicitation accepted the position
with the p5Gy'so that my acceptance would Loye the BUILDING Ct
full discussion the We'll plan abandoned its entirety and
stued its place. The members of the Committee my
9% @ %o psd each Iou d was
President was appointed Secretary and Sidney We'll was appointed
ers conception that he and not the others wa" responsible for the
Energetic carried Mr. Held and myself
$4,000 for the hotel project in the two days before the
ST S fss winch success the funds were
The purpose of the project speeches by ed
and myself at the Labor Temple AOy and elsewhere was
vide employment for Albuquerque wOrmn and to provide
project pay
this the first cloud the An effort
by We'll made to inject into the project the possibility of selling
cago elected Society
thing else that did involve the building the Albu
wOrmen and the ownership operation and profit of
facts and crooked election wherein more
were cast by other people without their knoIedse a 5
from the Board of Directors aho the largest fully paid stock
holder of record at that time
Following my elimination a Director contract was let to
outside and outside women
knowledge and Albuquerque wormen deprived
that intended when the Company organized Attempts
associates relatives of of the directors new
lease being submitted the directors with the
years. and negligible (Which does the
I not ever fo ANY Dv0ENDs on S' Fix coMMoN
Charges TS executed od sE @ n a orh
attempt to defraud the
stockholders Of their dividends would be met BY Injunction
Whatever company they were
considerable, free of charges
mile of the H., chosen haYe never benefited DIRECTLY in
anything that builds up regard We'll
sy To- s as S.h n s s o ossS s o of .s
senOrapher several telephones part of his office and his
Few any directors paid their stock in full slho
urging everybody else to
believe the has been eaaby and economically
n t t h J st nn pay J0apohs as the pro
unless he pledge
stock, after providing for depreGon income
'R so sn e do ,% rental o Of $sooo
and Improbable there any need ALL should
naturally pay interest est On its cost price =. 49,. -
cerne purchased paid hundred cents on the dollar for
1880 haresof stock of regular businesses
stocks and bonds have purchased other hotel stock the
owner Of stock in the company '"''"''
must b eon Hd snd ops spy f"
small group Of men who have sufficient stake justify
thousand different people the principle at eysEybod
3 e hands y sei ~ o
succeed particularly interested in being of group,
but the that community ownership essential ridiculous
anH , Th0 Gs na,s buy Ss or ,
small eommuniy-owned business and will point