OCR Text |
Show E COMPLETIOF OP H0TEUIS51ED Architect J. Flood Walker Discusses Plans on New-house New-house Hostelry. WORK TO B15 RESUMED St. Louis Men, Mr. Walker Says, Are Furnishing" the Capital. Tho recent announcement by Samuel Newhouse thnt Ills Inst visit cast practically prac-tically had resulted In the closing of negotiations ne-gotiations looking toward tho prompt completion of tho Newhouse. hotel, has been followed ly the arrival In this oily of J. Flood Walker, a prominent architect archi-tect and hotel building promoter of New York Clly. who Is directly associated with the Interests said to he behind the move. When seen at th Hotel Utah yesterday, yes-terday, Mr. Walker declared that he had runiK In advance of Inlluentlal men, who would arrive hero Sunday to conclude arrangements with Mr. lie asserted that the persons Interested nonlil undoubtedly Join Mr. Ncwhnuye In giving t Salt Lake another mngulnccnt hostelry, such as few cities In the country coun-try could boast of. ... Mr. Walker Is recognized not only a ft leadh.fr architect In the oast, hut-also hut-also as on-? who devotes spec al attention nnd efforts to the promoting of hotel building In progressive, growing communities. commu-nities. He declared that he had undertaken under-taken to brine about the tlnanclng of the Newhouse hotel project because it was one of the. host nnd most fenslblo that had hern brought to his attention. "I have undertaken to brim? about tlio financing of the hotel's completion and operation because of my great f th in the project and In tho UUurn destiny of this great territory. I believe I have .succeeded. St. Louis Men Interested. "I have come In advance of others interested in-terested In order to learn of conditions here. Including prices of material and. labor. This task Is comprehensive and has Iveii Inkfii up by me as an architect. archi-tect. The men Interested represent M. Louis .-apital. and will leave that city next Friday, arriving hero bumlny. I evnoci to have everything In shape, to warrant the closing of the dent upon '''"ThcVrV'no room for oucstlon as to whether this city handlossufncletU business busi-ness to warrant the establishment of two great hotels. The other will be the Newhouse hotel. As soon as the final negotiations Ml the structure Will , begin to assume as-sume shape. I believe I can say with more- than necessary assurance hat the hotel will hc competed. leased and operating by the first of the year. Th percentage of Investment has been deddid upon, arrangements for the .holding .hold-ing and loosing companies are s'lsj"f-torv. s'lsj"f-torv. and It only remains for the parties concerned to adjust llnal dcta Is. "Th" hotel plan was put bcfoic me two months ago In New York. It l-i.enld l-i.enld to tne strongly ax once. Its feasibility was plain, nnd It became only n atter n Intorostlng the right pcr-ons pcr-ons to finance It. It Is my business to promote hotel building. There have been a multitude of propositions utterly Impossible placed before me. but the Newhouse hotel Is not only a saf nnd louuMnil Investment; It Is one of the Uu things I know of and will he completed com-pleted and operated with great success. Loan of Half Million. -When I undertook to finance the project. T went to St. Louis to Interest the ptoper interests, New lork unci Chicago capitalists arc not ciullng any t money for western hotel building. F Through the co-operation of Mr. New- houo and lending- business men and firms of vour city, St. Louis capitalists bcrcomo Interested. They are represented by W. G. 1-ackny. who will arrive nere Sundav with others Interested. The deal comprchund a loan of $.'00,000 for the completion of the hotol structure, which. In totat. will represent an expenditure Of J 1.500,000. "Great credit for their support and influence Is due such firms as tho Kclth-O'Brlen company, the Suit Lake Hardware company. Walker Bros. Dry Goods company. F. Aurrbach fc Kro., the Paris Mlltlnerv company: also to M. H. IWRIKCr. VS. '. Iiaijormi, .mini y. ie... ATolph Simon. Louis Cohn. W. "W. Arm-.-tronc. J. W. Houston and others. Those and otheis supporting the Newhouse hotel ho-tel project offered such a strong- array of vound money Interests and presented su.-h logical, strong reasons Tor the structure's completion, thnt negotiations could hardly have failed of their purpose" pur-pose" Consults With Newhouse. Mr. Walker has been consulting with Samuel Newhouse and the hotel directors, direc-tors, arranging for the conference to tak place upon the arrival of the St. Louis capitalists. Announcement of the detailed plan will be made following tilt conference. Tli eastern architect already is studying study-ing plans and drawings. He declared the. structure which would cncloi-o the pre"lnl steel frame will be put up nd completed under revised plans and specifications. Mr. "Walker asserted that the. hostelr. when completed, would prove something entirety new and Bohemian, Bo-hemian, representing the richest and moM attractive Institution of Its kind that th Investment could bring. Mr. Walker Uo snld that the plans of the hotl would be patterned In many re-xpeets re-xpeets after those of the St. Anthony hotel In San Antonio. |