The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-07-29
THE HUSSARS NEW HOME.
THE COMPANY SECURES THE DE-
RENNE PROPERTY.

$4,000 the Price Paid-The Hand
some Residence to Be Fitted for
Club Rooms and Company Quarters,
and to Be Ready for Occupancy by
Oct. 1.-The Hussars in Possession Of
One of 6avennah's Hsndsomest Resi-
dence Properties.
The Georgia Hussars have bought the
DeRenne property at Bull and Liberty
streets. The price paid Is $50, 900.
The armory committee Of the company had
two options on the property. The terms OF
the first option were $50, 600 cash aud the bal
ance at the end OF fifteen years. The second
option was $4,000 cash and the balance in
annual payments of $1,000, the first pay
ment 70 be made five years from the date OF
purchase and the remaining payments an
nually thereafter, the deferred payments
in either option 10 bear 5 per cent interest,
payable semi-annually.
The committee met last night at the
residence Of Col W. ". Gordon and recon-
rnended the second option. meeting OF
the COMPANY will be held at 10 o'clock to
morrow TO act upon the recommendation.
The formal Endorsement OF the company
will complies the purchase, which has
already practically been made by the armo-
~ Committee, except the transfer of the
property.
The property has frontage of $50 feet
on Liberty street and 100 feet on Bull
street. The hands me residence, with a few
changes, is admirably suited TO the purposes
Of the company for club rooms and head
quarters. The Hussars expect 10 spend in
the neighborhood of $1,000 in alterations,
improvements and furnishings, and it is
expected 10 have the headquarters ready for
occupancy by Oct /.
The company has now on hand S22, 900,
so that after the first payment has been
made on the property, only about $4,000
will remain TO be raised to fit
it to be occupied. The committee esti-
mates that the annual running expenses of
the club rooms and headquarters will be
about 5000 The company has a total
membership of 159. 1t is proposed to in
crease the pay membership dues from $50
I $50, leaving the active membership dues
as at present, s., but exacting a strict per-
formance of military duty in return for the
privileges of the club rooms. The COM
pany's other sources of revenue, with its
membership dues, will provide for the
maintenance of the headquarters, leaving
the payments upon the arInory property to
be provided for in the future.
The DeRenne property is one of the finest
and most desirably located residences in the
city. Fronting Liberty street Oh the north
and the De Soto hotel on the east, it over
looks two of Savannah's handsomest streets.
The residence, in the characteristic southern
style of architecture, is imposing, and its
is admirably adapted to the
purposes for which it will be used
The srmory committee of the Hussars, In
its effort to secure permanent headquar-
ters for the company. has had under con-
sideration twenty-seven different sites. 1t
has been fortunate in securing what is I'M
questionably the finest property in the city
for the company. The committee which
has had the responsible work of securing a
quarters is composed of Col. w. w. Gordon,
Capt. g. B. Prtchard, Maj. P. w. Meldrim,
F. D. Bloodworth, w. H. Daniels, c. A.
Reitze, w. w. Chisholm, L G.. Haas, A.
McDuncan, Henry McAlpin and j. T.
Shuptrine.