Show DOS Oos REMOVAL TO 10 ROB SOCIETY OF LAND TITLE ity Is Told Members May ay Be Left With Debt Dollar interest entered the city m missions mission's word cross-word puzzle V at to do with the zoo Thurs- Thurs kv wh when nhsn n L. L K ic Nicholson h avenue wrote a letter pro- pro 7 proposals to move the aniS ani- ani sting S ls from from Hogle Gardens lest the hit Lake Zoological society f figura- figura lively ely lose the ground it stands on Vr Nicholson pointed out that shoUld the zoo be moved the land and would uld revert to Mr and Mrs James A. A Hogle ogle and the society would be Wt without assets aset IS City commissioners said the they un- un eert od that Mr Nicholson an official of or- of f the American Smelting Refining Helming company represented em- em of the company who had in invested in- in vested sted In n bonds of the society About 1 Is Ii owing by the society rep- rep bonds and bills 1 2 Sec See Liability Legal authorities have expressed the flit opinion that should the society ba ie sheared of its assets the members mem mem- bers ers rs would personally be liable for fore forthe the fee e debts Mr Nicholson apparently on the eory that half a loaf is la preferable suggested that the credi- credi take 50 cents on the dollar dolar and andI ill Il I it quits The society apparent- apparent r has prospects of two horns trough rough which it might emerge on om it its financial dilemma It may icker with the city commission tok to tolice toa lice k a over the debts or it ma may rIke e a bargain with the Hogle Upturn l ctorn turn for tor reversion of or title of at be property The proposal to return the zoo to Liberty park has put he e eity pity ity commission into a veritable bath with threats on the artof citizens in the Liberty park reato to s seek k injunctive protection ai st foisting upon upon them what ley Icy claim would be an olfactory Letter Text Mr Mn Nicholsons Nicholson's letter which was to the park department III ow It t o occurs curs to me that inasmuch j Ithe the city commissioners approved l ie moving of the zoo zoo from front Liberty irk ark to its present location iC jit atHo- atHo Ho Hole le Gardens there Ts some iome bliga- bliga I on on the part of the city to pro- pro ct the creditors at least against total loss It is my understanding that if ifIe ife ifie ie Ie e zoo is moved from Hogle Gar- Gar Garms ms location the property will re- re rt rL to the therefore this saId odd leave the zoo society without iy y assets asseth and in my opinion it be unfair to the various credon credor cred- cred or on a number of or whom have ac- ac bonds in lieu of payment of leir accounts It it would seem to me that the went resent bondholders might be willS willIg will- will S Ig to sacrifice say 50 per cent of value thereby making it r and less expensive for the city I take over the zoo in its entirety I 1 feel that the Hogle Gardens w te Is a a very excellent one for a 4 10 and it seems to me rae that while is 13 quite a distance from the city I we ere re can be no reason why proper cannot be made with e local traction company for lor bus nice ice ce particularly on Saturdays and holidays to wate those desirous of going to id d from the zoo that before u- u you take any Uon tion with reference to removing e joo zoo consideration will be given the we creditors who have accepted Ms da s in payment of their bills |