Jasper County Democrat, Volume 22, Number 45, Rensselaer, Jasper County, 3 September 1919 — MANY ENTHUSIASTS FOR HOTEL [ARTICLE]

MANY ENTHUSIASTS FOR HOTEL

Met at,Court House Friday Evening —Prospects Very Bright. A largely attended meeting of business and professional men <pf tihe city was held In the west court room.at the court house last Friday evening to further discuss the new hotel proeject of C. P. Moody. The semtiment in favor of-, his plan was unanimous, and a committee was appointed to soloclt subscriptions for the 140,000 6% perferred stock which Mr. Moody proposes to issue. On account of the higher cost of building npw than when he first secured estimates otn the building, when he was to take the >20,000 in common stock, Mt. Moody announced he will take 'one-third of the stock issued —the common stock —up to >25,000, if it is found necessary to raise more than >60,000. A committee, consisting of George A. Williams, B. F. Fendig, E. P. Lane, W. C. Babcock, Sr. J Conrad ,Kellner,\G. M. Myers, G. H. McLain, R. D. Thompson, George Collins and Isaac Leopold, was appointed to look after the matter of selling the preferred stock, and all indications point to its being placed with little difficulty if every one does his part. That there is plenty of business In Rensselaer for two good hotels is a well ‘ known fact. Many transients to be turned away and seek accommodations in other towns because of lack of accomanpdatlons here, and with the establishment of the Jackson highway as . a state road it will mean perhaps three or four time? the number... of tourists.,, in a short time, hetaCe jt behooves us to provide accommodations for this custom. Mr. Moody’s plan is cerfajn/y a very liberal one to help overcome ,tM?, (jlffisyilty, „,and it should be heartily embraced.