Show SKYSCRAPER FOB F DR CONTINENTAL LIFE UH Million Milon Dollar Dolar Bond Issue to Be Made for Building on Hag Hagenbarth Hagenbarth Corner EASTERN MEN INTERESTED COMMERCIAL CLUB OFFERED ClUB HOME IOME 1 RE RETe The Te corner comer property at the northeast intersection of ot Third Thir South and West Vest Temple streets purchased a Week eek ago by Frank J T Hagenbarth of Salt Lake for is to be the site sie of f an im immense Immense immense mense office building g g to be b erected owned owed and used as a a home borne lome office of office office fice oy ny the Continental Life Insurance company of ot Salt Sal Lake This Is i the information that reached reache here ere cre late yesterday from Mr Hagen In L Lc Angeles Angele The lh Continental Life company of which Mr ro Hagenbarth is second vice vig vi 1 e nt JI horly make a bond Issue to se ec secure St cure ure funds for the new building Sav Sv g geral Svera eral era hundred thousand dollars worth orth of Jt these bonds have already been ben subscribed t mr r by b the big men now no hacking backing the th company and it Is expected te that within six months the entire entre issue will wi hay haw been bought up up It I is understood con considerable CO rew row building eastern money will wn go Into the thE therow Mr Ir Hagenbarth Is 15 president of th the Western Vestern Securities company a subsidiary organization of ot the Continental Life Lie It I has hns S be been n known for six months that the latter has the market for tat a de desirable de corner upon which to erect a I skyscraper that should be at once a fit fitting ft fitting i ting Ung monument to the compans compan s pros prosperity I its faith in Salt Sal Lake dad and nd Its I gratitude for the support received here end try tr throughout throughout the intermountain country coun country countr Offers Club Two Floors The Commercial club cub has been offered two floors in the proposed new building for tor ten ye years en re on the most flattering con conditions if It the organization will wi consent to make to tz t new home there Officers rs of f the cUb el cl Jb ib yesterday would say Eay nothing as to their attitude toward the prODO proposition proposition slon It I is believed belee that the ground gund floor Mr df f the building may ma be b used ns as lS a bank leg Tg establishment It I Is considered probable probable probable able that W V S McCornick treasurer of the Continental Life and one of its Is heaviest iest icat lCt backers backer will wi take tale space pae on the ground gund floor of the building for the Utah National bank bank It I was reported some sometime sometime time ago that negotiations had been between Samuel Suel Newhouse oi Mr lr McCornick for tor or establishing the Utah National in the Newhouse building at Main Maln street et and Exchange E hange place upon up its completion This it is understood has fallen falen through and the Newhouse buildings banking room rom which Architect ct Henry Henr Ives Cobb says will wi be r a model of architectural beauty beant will wi be occupied by b the trust company com pan Mr Newhouse In Intends Intends tends to organize to handle his affairs attain With the heavy hea interests Interests arrayed back backof backof backof of the tro Continental Life Lie there Is little question but that its building will wi be b one cf of the best percentage paying office of nee structures in the city Eastern Men Interested It I was rumored at the time of the the pur purchase purchase chase chae of the Metropolitan hotel hote corner comer cornera a week ago ag by Mr Hagenbarth that the property would ultimately be used as tn the s site of ot the Continental Lifes new build building buld lug ing Not zot until negotiations were opened with wih eastern parties partes however did the project become assured assure Officers Off er of Iho tho company declare decare that the rew lew building when completed will wl rank rk with wih anything in ii h the west wet in ja I office structures in con eon construction architectural beauty b uty and ar arrangement rang ment mentI I can say nothing definitely concern concerning concer lag ing the matter at this time though I 1 will wi admit we have had the bond issue lse and stid fd the building ml under consideration for several months said sad W V Yo H Cunning hem secretary of ot the thc company yester yesterday yest r ray day cay ay I 1 say how far the directors directors tors torf have progressed in the premises The Hagenbarth corner is unquestionably ably one of ot the best properties in the section of Salt Lake for a sky skyscraper sk skyscraper scraper It I has been leen rumored for the past few days that Mr r Hagenbarth holds pst in u n option opton on or the Clift corner at MaIn Mai a and Third Thir South streets but the report The ho hotel hotel verified Metropolitan ho tel and several smaller buildings now ic oc cupy the Hagenbarth Corner orne which has hasa iasa a on Third of 11 feet fet a and a d th Temple of If feet feeL While Vie one or two t of the leases le se on these thee buildings have a year to run rn It i Is un Cert od negotiations have h ve been opened vilh the tenants tenant which If It consummated will result in the property being bing cleared of ot wIl its It present buildings as soon as a the plans for the Continental Life building are completed V |