Salt Lake Telegram | 1907-03-04 | Page 3 | Skyscraper on Third South

(siiYSCRRPER ON THIRD SOUTH , v ' . Continental Life to Build a i. Ten-Story Edifice on l West Temple Corner Pur-chased Pur-chased by Hagenbarth. Bealiziog the fondest ambitfoaa of its supporters and friends, the Conti1-nental Conti1-nental life Insurance company has decided de-cided to erect a modern ten-story office building for its own use on the site recently re-cently purchased by Frank Hagenbarth, second rice-president, at the northeast corner of West Temple and Third South streets. . The sum of $1,000,000, it is said, will be expended on the new structure, and 'will be realized by the issue of that amount in bonds..' Those backing the companr, which is composed in the main of home men, have already taken up several hundred thousand dollars' , worth in bonds, and construction, it is thought, will begin in the near future. Offices in the new building will be rented to applicants, and it is under-ptrvfd under-ptrvfd that the Utah National bank has e' dv concluded to lease the ground .l'or the new banking-room.