Salt Lake Tribune | 1912-03-09 | Page 9 | Early Completion of Hotel Assured

EARLY CMPLEIU OF BflE MED Newhousc Project Now Appears Ap-pears to Be on an Excellent Ex-cellent Basis. The completion of the Newhousc hotel at as early a dale as rapid construction will make possible was indisputably assured as-sured yesterday al a meeting of stockholders stock-holders of the company, who unanimously approved of the proposition submitted by the Mississippi Valley Loan & Trust company of St. Louis and ratified fne sale of bonds necessary lo finish the clcvcn-story structure. The entire issue of ?1. 000. 000 in bonds was disposed of lo the St. Louis concern, con-cern, and will be split into two issues. The actual loan necessary lo complete the structure Is in the neighborhood of liiOO.OOO. It is understood, however, that an additional appropriation of 5tf0,000 will be ncccssarv for fixtures and paraphernalia par-aphernalia outside of. tho furniture. Aclivo const ruction work, it was declared de-clared yesterday, will begin within lh!rt or slxtv days, and it. is expected that the building will have been fully complete, and readv for occupancy by the -.r! part of J'JI.T. Tnc dlrcelors were authorized lo con' for with orilclals of the trust comna'hv and .7 Flood Walker, the architect, to revise plana to suit the mortgagee. Work will then he resumed and rushed to completion. Money for the sale of bonds will immediately be placed at the disposal dis-posal of the officers. W. G- Lackey and Charles BreJk, representing rep-resenting the trust company, inspected the project here recently, and the successful suc-cessful outcome was based upon their favorable report to officials in St. Louis. J. Flood Walker, who represented (bo trust company as architect, and promoter, will superintend construction- lie Is expected ex-pected to arrive Viero within several davs and will consult with the general contractors con-tractors before work is resumed.