St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-04-13
Do WE GET THE TEMPLE?
The Masonic Organization Has Its
Annual Meeting.

The stockholders and directors of the
Masonic Temple Building association
held their annual meeting yesterday at
the Khurum lodge room, 252 First ave-
nue. south. The main business was to
complete arrangements for building the
temple. the foundations of which are
now in on the corner of Hennepin ave-
nue. and Sixth street. Vice President
F. G. Pillsbury presented the address
and annual report of r. B. Langdon,
the president. This report was long
one and of considerable interest, mas
much as it shows that Minneapolis will
soon have one of the finest Masonic
temples in the country.
"There has BEEN" says the report.
mo material progress made toward the
temple during the past year, owing to
the inability of the soliciting committee
to secure sufficient subscriptions to war
rant the board of directors in proceed
ing with the building. During the year
the soliciting committee obtained sub
Scriptions to the amount of $4,000, max
ing the total amount now subscribed
$111,350. This, with the $4,000 bonus
subscribed, makes the total amount
S136,000. The report of our treasurer
shows the amount of subscriptions on
stock already collected to be S53, 425:
amount of subscription on the bonus.
SS.525; balance due on stock sub
scription, S57 925. 1t is estimated that
about $4,000 of the stock subscriptions
are uncollectable. Deducting this
amount, the available assets are re-
duced to S1l6,350. The total amount
received from all sources to date is
SCI $50, and the total amount expended
ho1a of
present liability of the board consists of
mortgage in real estate of $1,000,
drawing interest at 81 per cent until
July, 1888.
''The rapid growth of our city and the
character of the new Office buildings
that are being erected, suggests the
propriety, if not the absolute necessity,
of change of the original plans of the
building to make it strictly tire-proof
and first-class in every respect. a COM
mittee has accordingly been instructed
to secure estimates as to the cost of the
change. They are as follows: Cost OF
building, $780, cost of grounds,
SCI. 900; taxes, interest, etc, $1,000;
total, $335.000. To meet this expense
the following resources were suggested:
Available subscriptions, Sll6.350;
amount of loan, 100000: balance to
be raised, S1lS,659; total, $3.50, 600.
of this amount it is estimated that s40,-
600 may be negotiated for building ma
terial; $4,000 being the amount that it
is estimated will be taken by different
Masonic bodies, leaving S68,350 to be
raised by individual subscription. If it
is decided to follow out this plan it will
be necessary to increase the capital
stock and raise the limit of indebted,
ness" The report closes by asking all
true Masons to unite in building up the
finest Masonic temple in the West.
The following were elected directors
for three years: Fred G. Pillsbury, II.
Kirkwood, w. M. Bracket, w. II.
Eustis and Fred G. Barrows. ltwas de-
cided to increase the capital stock from
Sl5O,OOO to S25O,OOO and to increase the
limit OF indebtedness from $4,000 to
$125,000. There were 27S votes cast on
this matter. The directors meet at 3
o'clock this afternoon, at SO Third
street south. to organize and appoint
committees.