Evening Republican, Volume 22, Number 102, Rensselaer, Jasper County, 1 May 1919 — DEFER BUILDING OF HOTEL [ARTICLE]

DEFER BUILDING OF HOTEL

STOCK GOES RAPIDLY BUT CONDITIONS WARRANT POSTPONEMENT OF BUILDING. The proposed construction of a modern and up-to-date hotel building at the corner of Washington and Front streets on the plot of ground purchased by C. P. Moody from B. S. Fendig will not occur this year, conditions as the present time warranting the postponement of building operation until a more favorable time. Following a meeting of parties interested in the venture, it was decided that due to the high cost of building material and labor, the difficulty of securing competent labor, and the disadvantages which wouldbe experienced through delay in the shipping of building material, etc., that it would be the wiser plan to wait until conditions become more normal. It was found upon investigation that the construction of such a hotel as planned would cast far more at the present time than at first estimated, and that those desiridus of purchasing stock would prefer to defer building. It is understood that there has been a liberal subscripition of the stock, and there seems to be but small doubt but that all of the sto(& can be disposed of within a short time, which would assure the city of a modern structure. The construction .of the hotel would be a distinct boost for the city and would give Rensselaer added influence with the traveling public. * An architect has submitted blue prints and there can be no doubt but that an attractive structure will be erected. r