The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1925-09-18
HOTEL PROSPECTS
DECIDEDLY GOOD.
$225, 900 STRUCTURE WITH 100
ROOMS CONTEMPLATED TO
BE READY BY MAY Is.

The ball was started rolling Sat-
urday evening when local business
men met at the Community Center
and started things towards the
building of a 100-room hotel in
this city. The enthusiasm shown
at the meeting augurs well for the
movement and as result of the
meeting a special hotel committee
composed of Mayor E. w. Hanson
as chairman, James Moonan, A. G.
Hall and A. j. Thomas was named
to sound the citizens on the pro-
ject, this same committee to be
mittee. Mayor Hanson was named
at the meeting as chairman of the
committee and he was authorized to
select three others to act with him.
The above excellent and hard work
ing committee is the result and it is
an assured fact that these go-getters
will be- able to swing the deal and
that the hotel is on a fair way
towards being ready for the public
on the date specified.
The first work of the committee
iioo DSNii W oSSul OPIlOHS Oii IlOISl
sites and several have been secured.
In addition to the options on sites,
it will be necessary for the citizens
of Ely to pledge the purchase of
$4,000 worth of stock in the en-
terprise, the balance of the money
required to be furnished by a
group of capitalists who for some
time have had their eye on Ely with
such a structure in view. The gen.
tlemen composing the SYNDICATE for
the construction recently visited the
city and pointed out several very
acceptable sites on which 10 place
the building. These people are al
so anxious to have things in shape
for the beginning of construction
work about the first of October or
as near thereafter as possible. The
plan is to have the building enclosed
before the first of the year after
which the finishing work can be
done during the cold weather.
Those at the meeting were very
confident of the success of the ven
ture and all expressed the opinion
that such hotel would pay in this
city. Talks were made by A. J..
Thomas who acted as chairman of
the meeting, A. C. Hall, James
Moonan, Albert McMahan, Mayor
Hanson, M. w. Peterson, E. L..
West, w. L. Barker and others.
The sentiment on the Part of those
working on the hotel proposition
was that outside capital was easy
to get for city like Ely and that
it only required the push and help
of the people of the city to put
it over. 1t was also the opinion
of those present that Ely would be
able to pledge its quota in very
short time or as soon as it became
known that;>outside capital to the
amount of five times the local SUBJ
scription was available and that not
cent was required on the pledges
until such time as the hotel would
be almost completed-sometime in
May next year. Those behind the
project want enough Ely money in
the building as guarantee of good
faith on the part of the people of
the city towards an enterprise that
means so much to us.
Since the meeting Saturday even
ing, the sentiment of the citizens
has been touched in several quar-
tiers and all seem to feel that the
| proposition is go. 1t is the pur-
pose to issue stock in the enter.
prise and all will share alike in the
| returns pro rata. Already there is
a demand for shares in the hotel
venture on the part of some of GU,
public spirited citizens.
Here is chance to get what we
have wanted for some time. Let's
go. A few dollars invested in ar
enterprise of this kind means much
to the general prosperity of the
city. And don't lose sight of tht
real estate values that will accrue
to every part of the city no matter
| where the new building is nlaced