New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-02-27
EARVARD UNIVERSITY NOTES.
BOAT CLUB rINANcEs-MENosIAL HALL

BOAT CLUB FINANCEs-MEMORIAL HALL.
CAMBRIDGE Feb 25.-The Governing Committee OF
Harvard boating, among other reforms. has squarely
and firmly determined 10 rowing at Harvard
for the future on the waseful methods OF credit that
have run tie Boat Club heavily in debt in the past
Heretofore the affairs OF the club have been In
lavish schooboy fashion the treasurer OF the clnb
had a millionaire behind him. The result Is that the
club is now s. 900 debt and has $1,000 TO raise be-
yona that IL is to put the affairs OF The ciuD on
sound basis The Boat Club las to exist entirely on
subscr DIT Ons from tine students The expenses OF the
crew are about s5 900 az the usual OF expenses
s 600 therefore be raised every year for race at
New London. The nine has big surplus every year.
but instead Of helping out the with that surplus the
nine finds il pleasanter TO waste It. And the FOOTBALL
team does very much the One expense OF the crew
ought TO be reduced by the college The college forces
the ew 70 pay 5000 rent for the extremely shabby
boathouse on the Charles that TIE club has to usean
exorbtant price. Thus the expenses Of the club are
thrown wholly on the students and are much bigger by
the credit system and by the college itself The follow
ing circular has therefore been to every student In
the university;
The thing which gives the committee the most anxiety
is tile fact revealed by the records u former years mat
part OF subscriptions has been Paid aiter me
first OF NAY that ONE subscriptions are not PAD al az
that consequently, extensive credit which mra rs
higher prices, has OF necessity been asked, during tue
dealings In order to economic, the business or the
Boat Cub must be done on cash Dasls; out the com
tied hand foot, II II Las not enough
hand rs il the present Therefore u = OF me
utmost importance that dollar hecrssary Tor thls
years expenses he subscribed Immediately ana plu pc
fore March l. The liabilities OF the Beat Club handed
down from - and previous years. are nearly S-OVo
The Of money needed 10 meet tis year current
expenses and leave debt for tie 80 management 10
assume is $1,000, making, with the debt, 'OOo IN al
to be raised earliest possibly day TO dIte MAI
ager Ke es mas collected $1,000 and the sum OF foOVo
must therefore bs collected By him before March J. II
il impossible for the Governing Committee to carry out
necessary II the debt IL not paid on at ONCE
and the sum OF $1,000 estimated Is not raised loc
current expenses before March /. The committee
wishes TO i'm press fact upon the whole university
that the finances are critical condition. tnat the
need OF ready money for an econJDlcal cash olsS s
absolute aud Imperative and the committed awaits WIS
ISSUE WIN the university support Its COMMITTEES ana s
crew or abandon the annual races at New-Londoaf
Affairs at Memorial Hall taxing on peasanter
aspect Driven TO reform the management OF the nan
by the rnned pressure OF the students VINO ooaru
at Memorial steward and directors have resolved 10
cut down the extra order list about onehaf and take
one kinds OF meat OF tue bill or fare Tor dlpner
aud devOtng the money that thus saved 10 improving
the quality food Il will proba bly, make radical
change whole board at tbs hAl-certnlny there -
a great chance fer reform In the management OF
Memorial