Evening Republican, Volume 22, Number 208, Rensselaer, Jasper County, 28 August 1919 — HOTEL PROJECT MEETS FAVOR [ARTICLE]

HOTEL PROJECT MEETS FAVOR

MUCH ENTHUSIASM MANIFESTED AT MEETING HELD TUESDAY EVENING,

At a meeting held Tuesday evening by representative citizens at the office of E. P. Honan to discuss plans for the organization of a hotel company and the 'building of a new modern Hotel a great deal of enthusiasm was manifested and it is felt that the city’s long felt want is near at hand, and that spring will bring a realization of a hope fulfilled to the community in general. Approximately forty of the city’s leading business men were in attendance at the meeting and the interest and enthusiasm shown was an assurance in itself that the movement has struck a popular chord of favor and that it will not meet with failure. Those inaugurating the movement were so well pleased with the results obtained at the meeting that they at once decided to call another meeting for Friday of this week to be held in the west court room of the court house, where the seating capacity will be larger and more of the citizenry permitted to attend, ’at which time an organization will be perfected and directors elected. ■' At the Tuesday meeting plans of a definite nature were not adopted, the idea simply having been to feel out those present on the subject. However, it was decided to incorporate for $40,000 under the name of the Iroquois Hotel company. The stock will sell at 5100 a share, making a total of 400 shares in all to be disposed of. It is felt that there will be no difficulty in disposing of this amount of stock, and of those present each agreed to take one or more share. C. P. Moody,

who is at the head of the movement, guaranteed the stock to pay six per cent and pledged himself as willing to purchase stock to whatever extent desired by the stockholders. Providing nothing develops Friday evening to prevent the continuance of the movement, the selling of the stock will commence at once and ground will be broken for the erection of the building on the site recently purchased by Mr. Moody of B. S. Fendig at the corner of Washington and Front streets. It is thought the building can be ready for occupancy by spring. The tentaive plans call for • a structure containing forty-eight rooms and, of course, it will be modern in every respect. It is to be hoped that the present enthusiasm will continue and that our citizens attend the meeting Friday evening and join heartily in the movement to give the city an up-to-date hotej.