The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-04-24

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lie did not think there had ever been a church
bulit IN New ork on suuscriptlOh OF $4,000 and
yet tnat rs all he had received lie could not, no
said. carry this work through without the j-opera-
ton OF his people, ana ne would like TO see some
extensive and systematic plan alopted OF rails ng
subscription for this work. lie would lecture, II
that would help It on. He disked fairs, though
they bring IN great zeal OF money and ne thought
perhaps be should nave TO resort 10 them again.
Iney ou.ht TO raise $4,000 year for some years to
remove the debt or the church the regular In
come VIII not do more than meet the current eX-
penses
he amounts paid out for the purchase OF the
property legal fees, commissions, insurance broker
ages, CONSTRUCTION, &c, &C., foot up 1921. 90,
and there are yet bills remaining due amounting to
$4,000 II. He suggested the idea OF forming an
ASSOCIATION Tor reducing the debt OF the church by
regular weekly or monthly SUBSCRIPTIONS from
TWENTY-FIVE cents upward, and ne agreed to offer
the sacrifice o the mass once month Tor the benefit
oil subscribers. He suggested the appointment OF q
committee OF twelve men, wnO should meet at
his house and consult upon the details.
Mr.. U'Drien suggested in addition, that a board
OF three trustees should be elected, with power to
hold the property and to issue bonds for $4,000 or
$4,000 in Tie regular way with interest coupons
attached, payable semEannuaily. and let the men,
bers the congregation subscribe for them ana he
believed the money could be raised at once and DR..
Preston be relieved OF this burden.
Another gentleman did not think that more than
$4,000 could be raised in that way. and many urged
the association and systematic subscription plan.
Mr. o'Brien replied that he had IN the pews Just
around him pledges to $lo 900 worth OF those bonds
and, as the TWO plans would not clash, those VINO
preferred or the other could take their choice.
property upon WHICH those DOnuS WOult come
a second mortgage is worth $500. OOO So that it
would be perfectly safe investment
Father Preston remarked that the property is held
In his own name yet. but ne had made his WILL SO
thar in OF death the chur III would not pass into
other hands and he proposed by and by to organize
corporation under The laws of the State, to
be known as the Church of 81. Ann, and
to consist OF the Archbishop, the Vicar General
himself and two lay members OF the
church. who shall own the property in the
name OF the church, While he lived no one should
suner the loss OF dollar, and didn't think there
need be any after his death. The debt mr. hi 10
reduced within i've or ten years. and when Ii comes
down to $4,000 II Is easy to carry The church de-
cided by rising vote to adopt both plans, and the
following named committee OF twelve was appointed
with the pastor, TO carry out the detais:-Messrs.
De Barron ShevaiDe, Geist, Blancho Leyfalr.
Otis, w. UBrlen Hildreth O'Rellly Grimm, McCune
and Tabor This committee then went throu. N the
congregation and procured the names OF persons
willing 10 become regular weekly subscribers or 10
purchase the bonds. The result was highly encour.
aging and favorable.