San Marcos free press. [volume] (San Marcos, Tex.) 1877-1892, 1888-12-27
The Chautanqna.

our people for tho purpose OF placing d
Chantauqua on floudshing and permaueI
! basis;
"Resolroi, That the Real Estate AssociI
ton 81 San Marcos be requested to ope
books for stock subscription TO tho fu
amount Of the limits OF its charter. S75, 00C
in shares OF $40 each, twenty five per cent
10 De paid at the date Of subscription, an
said stock to DO subject to annual assess
mcnts not to exceed ten per cent. in an.
one year until tho full amount of the stocl
is paid up. The proceeds OF such stock I,
be applied by said Real Estate Association
10 the maintainance OF the Chautauqua en-
terprise now established at San Marcos un
der the name of the San Marcos Sunda,
School Assembly aud Summer Institute.
Aud said fund to DO first applied 10 ia,
payment otall indebtedness existing agains
said Real Estate Association and said Sun
day School Assembly and Summer Institute
and then to the improvement of the ground'
OF the same, and an annual appropriation
not to exceed $500 in any one year for the
purpose of supplying programme and i'll
structors for the annual assemblies. The
fund for programme to be at the disposal
of the secretaries of the Assembly aud In.
stitute, aud tho improvements to be under
the direction of the joint boards Of director,
of the two organizations.
The indebtedness of the two institutions
at this time is in the aggregate ~, 800 for
tho purchase of the land and all other
claims. This would require stock sub.
scription of SIT. 900 to place.the two insti.
tutions out of debt several hundred dollars
of which has already been subscribed by
by parties who have already literally con.
tributed to the Chautauqua enterprise.
The investment is not expected to yield
direct pecuniary returns to stockholders,
yet it is undoubtedly paying investment
to our business men and property owners,
as is every institution calculated to build
up our town, and this institution has al.
ready largely tended in this way and has
caused the expenditure of many thousands
of dollars among our business men at a
time when business is dullest.
But it is also safe investment should
the institution'by any mishap fail The I'M
provements that will and should now be
placed upon the grounds will not only en-
nance the value of that property but will
also enhance the value of all property in
and adjacent to the city, and the property
will always be worth the amount of the
investments placed upon it, and is good
security for the whole amount that has
been invested in this enterprise to date.
For instance, in the field alone one hundred
resident lots could be cut out, and these
certainly would be worth 800 each, making
n total of $40, 900, while not exceeding SIS, 900
has been expended on the enterprise. Now
place this enterprise on practical basis by
building up necessary hotel accommoda-
tons on it, and few more public buildings,
and beautify the grounds and plat the field
for park, and plant it with trees this
winter, and mako success of next sum.
mer's session, nad whol can doubt that the
value of the property will not be enhanced
double its present value and these expendi-
lures, and who can estimate the increase in
value OF al city property and property ad-
jacent to the city. MIKE this institution a
SUCCESS and it will be but few years before
the city will occupy the valley on both
sides of the river and both sides of Purga-
tory. Everybody can take some stock un-
der this liberal arrangement, aud our large
owners and business men should
come forward with their 81 600 or more
Who will be the first to
Jake one thousand dollars stock? There
should be ten individuals or firms in San
Marcos to do 80 ut encs, and if they will do
10 doubtless $40, 900 can be raised in n very
short time, and this done you can rely on
having from five to ten times the NUN Der
If visitors next summer that have ever been
IL san Marcos before.
S. Fisher, the secretary, has the subScrip- |
ion list aud is ready to receive you.