Evening star., 1924-08-05
OFFERS TO DOUBLE
AUDITORIUM STOCK
Gus BuchhoIz Challenges
Hotel Men to Meet In
vestment Proposition.

Gus Buchholz, hotel proprietor and
| restaurateur, today challenged his
fellow hotel men to doubling up of
| the investment in the Washington
Auditorium. Playing the roll of host
to Col. r n. Harper and the other of
hcers and directors of the Washing
ton Auditorium, at a luncheon at the
| Occidental Hotel today, Mr.. Buchholz
declared it his opinion that the hotel
| interests of Washington had not done
their full share toward the building
| of the auditorium, at Nineteenth and
L streets and New York avenue
Il have already subscribed and
paid for $4,000 worth of stock and
bonds and been instrumental in bring
ing in others. / will gladly double my
investment if the hotel interests as a
whole Will double the amount already
subscribed.
Tribute to Promoters.
ut is because I feel a sense o,
of Col Harper, r. p. Andrews ana
others in this undertaking that (
have asked you gentlemen to coma
together as my guests today. | de
not believe that Washingtonians geI4
orally fully appreciate the great
measure of public service that YOU
gentlemen are giving to Washington.
1T has come to my knowledge thaS
during the last two years Col Harpe'
has not only worked days and far
into the nights to make the audR
torium a reality, but that the chair
man of the finance committee. M.
Andrews, and his associates and otheg
members of the board of director3
have put in many hundreds of houra
in this cause, knowing all the Tina
that there is no chance for financial
benefit to themselves.
Il count it a magnificent circunk
stance that these gentlemen have sold
s720,000 worth of stock and bonds and
naming"
Z regard this building as the great
Keystone of future prosperity IL.
Washington and since it is of ines
Unable value to the hotel interests, :
am frank to say that we of that bust
ness should do more than we have.
Benefit to ID. c. Seen.
Col. Harper, originator of the audi
torium movement, thanked Mr.. Buch-
holz for his courtesy in entertaining
the officers and directors of the Au-
ditoriu1n Corporation.
The setting up Of the auditorium
IS a work in which not only the Off
GERS OF the corporation, but all Wash
ingtontans, will take justifabIe
pride" said Col Harper. "Of course.
there have been heartaches, but no
great and noble purpose was ever at
tained without compensating sac-
rifce."
"As chairman of the organiza ton
committee of the auditorium and
president of the corpora ton, ! have
found 1t necessary to spend great
deal OF energy and money as well. My
associates and myself are deeply sp-
preciative of the cooperation that has
been manifested on the part of cit
izens like our friend Mr.. Bucholz and
q h11G I1fn 0T I-aG ~,
ton generally. We have kept this on
the basis that will insure the great
est POSSIBLE return to all Investors.
When the building is completed
and the tablet containing the names
of all investors set up, it will con-
stitute an honor roll of the people
who are willing to back their civic
pride with their dollars. II will be an
imperishable record of community IN.
terest. There should be no delay in.
completing the financing Of tha
auditorium"
Calls Offer Generous.
Mr Andrews chairman of the
finance committee of the Auditorium
We are, indeed. indebted TO Mr.
buchholz for his. courtesy today"
continued Mr. Andrews. This offer
is most generous and 1 sincerely trust
that the challenge will be accepted.
l desire to impress upon this body
and through you, the people of Wash
| ington. that the purchase of the stock
and bonds of the Washington Audi
| torium Corporation is in no sense
| donation.
THE plans that have been made for
the use of the building insure not
only the interest on the bonds-and
every subscriber gets half of his or
her Investment in bearing
bondS-but We will pay a substantial
dividend on the common stock l re-
gard this investment as substantial
as any that could possibly be offered
in the National Capital and no city
is more secure than this"
Among others present were: Albert
SchuIteis, Gen Anton Stephan, E. F.
Colloday, c. ]. Gockeler, c. ]. Colur1
bus, E. C. Brandenburg, Col E. Les
ter Jones, Harry King, M A Leese.
Sidney West, Fleming NewboId. bust
ness manager of The Star, and G.
Logan Payne, publisher Times-Her-
aid.