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BAD MANAGEMENT BANKRUPTS GREAT WHITELAW HOTELBad management and lack of bookkeeping caused the embarrassed financial condition of the Whitelaw Hotel Company, Washington, D. C., the investigating committee reported to the stockholders.One of the startling disclosures of this committee was the controversyover a lot on the east side of the Whitelaw Hotel. The committee reported that it found a number of the members of the board of directors under the impression that this lot was purchased for the Whitelaw Hotel. but that John W. Lewis claimed ownership of it and had lately transferred it to his wife. The committee also reported that it found that upwards of $400 of the money of the corporation had been used in the purchase of this lot.The committee report declared that it appeared that John W. Lewis, who constructed the Whitelaw Hotel and organized the corporation* was given absolute authority in the-management of affairs during *the period of construction and for some time after the building was completed. He collected all monies and disbursed them as he saw fit. It wasreported.
Newspaper Details
The Northwestern Bulletin Appeal
Saint Paul, Minnesota, US
Sat, May 10, 1924
Page 1
Full Page
Clipped by
Guest G.
USA 18 Mar 2023
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