St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-10-28
EVENTS OF THE PAST WEEK.

Inc directors duQ SlOckHOIu6TS vi Ilo
Stephens Library association met last
Monday evening at the Labor Temple
and d scusSed at some length the plan
Of opening a reading room for girls.
Mrs. r. Christie and l.. w. Lockwood
were appointed committee to confer
with the committee of young ladies in
terested in the matter. j. Tinkelpaugh
and IL. B. Martin were appointed to
visit the city library and see at what
prices old books could be obtained.
Both committees to report at the next
regular meeting, Nov. 4.
The directors of the K. of l.. Building
association held their regular monthly
meeting Friday evening at the Labor
Temple. In addition to the routine
business plan was submitted to pay Off
the floating debt and yet keep stock
among organized people. A special
contract blank has been printed. Its
conditions are that by Dec. 81, 1889,
there shall be subscribed the sum of
$4,000. payable in ten monthly Install
mems, then the contract shall be i'll full
force and effect. Otherwise it will be void.
The collections to be made by the secre-
tary of the association. The total cost
5O5.3O. OF this amount S28.067.S6 has
been realized from the sale Of stock,
leaving a mortgage on the real estate Of
$4,000 and floating debt of 81, 1921.
The board of managers have for several
months been endeavoring to obtain a
loan OH the property to cover the float
ing debt, but have met with many OBJ
stacles, the principal one being the re-
Quirement of mOneyed corporations for
bOndSmen on loans to corporations.
There are about ], 400 pald-up members
of the association now. A second sub
ScriptiOn of stock at an average OF two
shares each would clear up this debt.
The last statement of the secretary,
made Aug. 81 of the present year, shows
that the building Is now Self-SuppOrt-
ing. The rent of the third floor aver
ages $500 per month. that of the second
$50, not taking into account the library
room, dining room and association
office. The care of the entire build
ing last year, counting JanitOr's salary,
insurance, interest. taxes and wear, cost
S345 per month. Now when there is no
debt against the properly, except the
real estate mortgage, the lower floor of
the building can be finished and made
a source of revenue; there will be no
interest except that on the mortgage.
and this can easily be reduced l or 2
per cent. If the whole building were
rented there would be a fair margin
above expenses, to be applied as the
stockholders might direct. The solicit
tors for stock will start out during the
coming week, and the secretary hopes
to be able to state at the quarterly meet
ing in December that every stakeholder
has been satisfied.
The Senior Nationalist club met last
Tuesday evening at the residence of
DR.. Clark, on Fifth street. Mrs. Kate
Burlington Davis had just returned
from Chicago, and gave some interest
ing statements of the progress of the
movement in that city. A general dis
occupied the entire evening. Among
the speakers were DR.. Clark, W. G. II.
Smart. S. W. Sample and others.
Alfred Sherlock, SOP First avenue
south, presented carefully written
paper aiming to show that the free
| trade policy has increased wages in
England. A lively discussion followed,
several of the audience arguing that
the conditions are so different in this
| country that free trade policy would
bring no advantages.
The bricklayers' union held a we'll
attended meeting last Wednesday even
ing at Hall No. l, Labor Temple. A re-
port of the state of the trade showed
that nearly all the skilled worzmen in
that trade are members of the union.
About $50 names are on the roll book in
good standing. Work is plentiful, and
| two contractors were here from Mon.
tana during the week offering from 81
to So per day for bricklayers, paying the
| railroad fare each way and guarantee
ing board in Livington at 81 per week
| Even on such conditions there were few