New-York tribune., 1878-12-18
CALM AT THE ACADEMY.

THEIR FOX A
TIME-BENEFIr FOR THE SCENERY FUSD-RK.
FUNDING THE DEBT.
The stockholders of the Academy Of Music agreed
yesterday to fOrego their rights to seats and free
admission for two years on all except opera nights.
They, have also refunded their debt. A benefit
for the scenery fund will probably take place on
December 20. An opera troupe is talked Of TO sing
in the City of Mexico, with Nine. Marie R6ze as
star, supported by members of the MaplesOn COM
paDy.
NEW PLANS OF THE DIRECTORS.
WHAT THEY HAVE DONE TO SECURE HARMONY AND
ADD TO THE TREASURY FUND-A NEW OPERA
COMPANY DISCUSSED.
A rose-colored tint pervaded all the affairs
OF the Academy Of Music last evening. At4 O'Clock In
the afternoon the stockholders met what used be
the supperroom the second foor and arranged their
new projects and old differences haImonIously. At
least 160 OF the 200 shares represented at this
meeting either in person or by proxy, there be-
ing about thirty gentlemen present. Royal Phelps,
Clarence A. Seward, Joseph Brandon and few others
have been active 10 urging the stockholders formally to
give up their rights 10 their seats for two years. except
opera nights. At meeting held recently at August
Belmonrs house, the stockholders agreed to give up
their seats for the time and the occasions mentioned
But several cluug to the right of admission 10 the
Academy at all times, and IL was impossible TO
abrogate or suspend the right except by unanimous
consent After little discussion yesterday afternoon,
resolution was offered embOdying the full concession
for two years. gentleman who has been very active
in opposing the movement seconded the resolution, the
roll called and the vote in of the resolution
declared unanimous. although every share NOT
represented For instance, Mrs. Garner who with her
husband persisted by the cspzng Of the yacht Mohawk.
owned shares Mr.. Garner left wil but Mrs. Garner
left The shares reverted her aged mother who
has shown no interest In the affairs OF the Academy
Another question Satisfactorily settled was that OF the
Academy indebtedness. This was in t1e form Of q
mortgage for 100000. held by Mr. Hemenway OF BOs-
made oy the Union Trust Company. The floating debt
ao rus .ne tS,a ages es R s
tentioD collect its oan To meet this and the floating
cent bonds Of 500 each on new " mortgage @ OF
$4,000. The meeting yesterday adopted thus plan,
the stockholders Mr. Dinsmore took $1,000 worth,
Royal Paelps 5000, and so down 10 single bond.
$125 secured by mortgages The property valued
Ut between S25O.OOO and 100000.
Mapeson and the directors on the subject Of scenery
The manager inclined to be liberal in his estimates OF
wnat necessary TO produce fine spectacle The d.
rectors agreed to pay half the expense OF Keeping Mr.
their activity has cost the directors Within s2i2 Of the
entire sum paid by the manager for the rental OF
night Mr.. MaplesOn offered yesterday to give
opera for the benefit OF scenery fund, II the stock
holders would renquish their rights for The OCCASION he
Offering fne cast with Grrster lead, in opera
that would draw an OvernOwlng house. The stock
holders were ready TO agree this If Intended
10 give up the gross receipts. Mr. Mapleson said
"yes," and this benefit performance Will take place
probably the day after Christmas, December 26 Tne
bill Is not yet announced. Other performances for O
similar purpose will be given from time 10 time. This
Is indication" said stockhoder, that Mr. Maple
son has thought OF leaving the Academy Tor some
other house II Is much TO his interest ours that
should have and excellent scerery."
No action was taken yesterday toward electing
TO ill the place made vacant by the resiRna-
ton of Royal Phelps. Stockholders give Mr. Phelps
credit having intrOdu ced busnesslike methods and
holders affairs. He found the duties, however moro
burdensome than he expected. IL s limited that Daniel
Kingsand may be requested TO resume that
supervision of the Academy which he exercised for
over twenty years as secretary OF the Board Of D-
rectOrs When asked II the report true Mr.. Kings
land said After what has happened certainly could
ask for the position and II has been offered to
me- resigned when found that was q block in the
way OF the new management; but l have not lost my
interest in the Academy, though am now simply q
stOckhOlder."
Manager MdplesOn visited Philadelphia yesterday and
made arrangements for there The impressario
OF the opera house in the City OF Mexico has made pre-
mnary arrangements TOR five months season of opera
by members OF the Mapeson Company, with Madame
Marie R6ze the star. The only condition yet
gold (her salary deposited i'll NewYoTk in advance
by the MeXican manager. Passage money for the
troupe has already been deposited, and Mr. Walter.
the business manager has sailed Madame R6ze is to ba
supported by ParOdI, PIsani LIDO Frap0ill, Tecchi,
Pyatt aud Carleton. FrapollPs place in Her Majestys
Company Will be taken by Gillandi who joins Mr..
Mapleson in Boston Signor RIulph will be the con-
dUctOr OF the Mexican troupe, and Henry Mapeson viii
accompany II.