Show MODERN HOTEL HOUlIS IS s run PLANNED D fOR j MAIN S1 Seven Hundred Thousand Are Pledged for Structure on Old Deseret News Corner PRESIDENT SMITH SAID r J JO ro FAVOR PROJECT I SUBSTANTIAL BUSINESS BUSI ESS INTER INTERESTS INTERESTS i ESTS TAKE HOLD HOLb OF THE PROPOSITION r That Salt Lake City shall v have an another another another other magnificent hotel structure was decided at a meeting of prominent local business men at the tile De National N bank tank building yesterday afternoon c when the old Deseret News ewa corner Main and South Temple streets Was waa de do decided upon as the location for a modern hotel 1 building of from ten tt n to fifteen stories storied in height and to be constructed at a cost of this amount to Include the purchase of the site The trustee tee in trust of the Church of Jesus Je u Christ of Saints was waa approached regarding the purchase of the site by a group of representative business bu lne s men yesterday morning and those interested met in the afternoon to discuss the project At A t the after afternoon afternoon afternoon noon gathering it was announced that It would be possible to secure this loca location location location tion for a hotel and the tile proposition was waa immediately placed pieced before the business businessmen men present for their consideration John C Cutler acted as chairman of the meeting and Lorenzo LorenzoN N Stohl as secretary Prominent busi business ness fleas men present pr ent were T O G Webber of the Z C M 1 I T R H Cutler of th the Utah Sugar SUp Co W W Biter Riter L S SHills SHills Hills Anthon H Land Lund John R Win Winder Winder Winder der W S George Geore Romney Elias Ellas A Sw th Heber J Grant W N Williams W Wi H N Bancroft Charles es A ABurton ABurton ABurton Burton and John Henry Smith Plans Well Considered At this meeting it developed that the idea of or a modern modem hotel for upper Main street had been under consideration for rot i some SOlIN time Remarks upon the proposition tion Uon were made by many of Ut I the men present pre ent and practically every man at atthe atthe atthe the meeting spoke in most encouraging t terms of the venture Mr Bancroft was wall very vel enthusiastic and expressed the belief that in ten years year Salt Lake would have a greater ter population than any city i west went we t of the Missouri MI river His Hia remarks remark were ere directed toward the building up of or orS Salt SaIt S Lake sad aad he be expressed the opinion ion ia that tIt of pt a new ne hotel het in inthis InI Inthis this part city elt w uTil ji jibe be a Ion long stride in that direction After e I the opinions of many of those tho preset present had bad been listened to a motion was wu made to the effect that the hotel be bf r erected and that the authorized capital of ef the company be fixed at SU It was further decided that the name of ot the new company be the Uie Utah Hotel company John f r Cutler W S Mc McCornick j I Cornick L I S Hills CharieR haries S Burton and Heber J Grant were appointed as asa asa 1 a committee to secure the necessary subscription to stock and make ar arrangements ment to get the plans for the new building under way ay at once Big Sum Pledged Lorenao N Stohl who was secretary at the meeting yesterday afternoon said sai Seven hundred thousand douses dollars of stock is guaranteed absolutely and andI I can caD safely say 11 that this thi amount will have been secured by tomorrow tom even evening evenIng evenIng ing It is understood that the new hotel company will not hesitate to issue bonds to complete the 2000 which is the amount Intended to be 1 expended upon the construction of the building and the th purchase of the sit sitf site at Main j and South Temple streets The corner cont r which has been selected elected has a frontage of fret fet on OD South Temple street and andi i 1 feet teet on Main street It is 18 sold said that the trustee tru tee in trust of the Church I of j Jesus Christ of Saints will subscribe for a good block of stock a awill as aswill will a number of o the strong financial b j institutions iD in upper Main Mam street among which will be bP th the Z C M I 1 Home Fire Insurance company Deseret Dt ae t National bank hank W S 8 MM or nick A Co and f number lumber of other well known local concerns s The ant hoer ioor of or the th bunding it Is announced will b bP be devoted to offices o kell Mores ton II and In hi all a II probability pr ba bi II t Y will be bethe bethe bethe the home of one OM of the leading I banking i institutions of the nt dt tty The entire structure above the ground floor will willbe willbe willbe be utilized utilised for tor hotel purposes It is I Isaid said Th The b will be put up on the fireproof plan it is II announced and no DO mone money win wll wil be spared pared in the effort to make i It thE tM finest linest ir in the west eat The company alms to have hae this hotel h adver advertise tic tise the th city as nothing heretofore hert fore has ban II JI advertised It ft and it hopes hoces to make Salt Lake the rendezvous for tourists front from rom romall j all over r the world by bv giving them a hostelry that they can an always rem m 1 ber her and tell their friends about ab The site which has been n chosen for forthe forthe the hotel IK Is II declared by the promoters promote to o be one me of r i the unset finest finestra iF In ra the tIN ety efty It is at the head ht ad of the principal retail business street and J f just Ian opposite the historic hl torl Mormon Konnon buildings and temple grounds A pic pk picturesque lew view of tn th the coun emin country try with its Great Grear s Salt it lak lake and snow snowcapped JIn capped mountains mounts ins can be obtained from j jUte tl Ute the c upper stories of the proposed hotel hotl j jAt At tb tle te e present p t time thIs thi site is u 7 J on en n Page 2 I MODERN HOTEL j IS PLANNED FOR i UPPER MAIN ST i I iI iI I i Continued from Page 1 I pled by the old Deseret New f building j I surrounding which is the historic nth ing Jat In yard with its wall of mud and stone built years rs ago as a bulwark for de tie defense fence fene The building Is con constructed str eted of adobe dobe and is a relic of I pioneer days dys In later years a small brick structure was as erected on the cor lor corner lornee corner ner nee and has been used as a curio cuno shop This corner conser is also the old home borne of the th Deseret News the official Mormon pa paper paper paper per This Tub paper was Vas published at this location years ago 80 j Property owners on upper Main are well pleased with ith the announcement that the b bg p hotel Is to bulit bum on Main fain and South Temple streets The announcement of this thil nc nw project yesterday esterday was coincident oln with ith the breaking If f oun i f fI tb thO hot hote tt t fin MI fl al Fourth South nuth streets ets |