New-York tribune., 1891-05-18


ing 1t TO be false, not knowing anything about it.
which equally culpable The possibility Of the life
memberships being taken Is not extremely remote.
The inference that large numbet Of members will
drop from the roll has no foundation In fact, nor is
there anything upon which TO base it. Whatever Of
fact in this connection does exist points TO the CON
trary inference. Only about eighty members failed
To pay the last six months dues In January last and
of that number ABOUT sixty have been renstated by
the payment of their dues. The number of resigna-
tiOns las been very small, only ieW
month and the stat nent that the
chances that membership of 3, - viii be reached
are fading daily Is also untrue, for during the last
week about fifty applications have been received ana
if all the gentlemen who have been elected qualify
and all the persons who have been proposed are
elected and qualify $500 will then have been
reached. The total membership IS now $500. and
when the active membership reaches 5000, the limit
the total membership will be about 300
The criticism 10 my opinion respecting the safety
and security Of the clubs certificates as an invest
meDt amounts n nothing more than the opinion Of
the writer of The sun article or his prompter lie
places his opinion over against mine lie Is welcome
to his opinion insist on having mlhe' ferlaps ho
can tell me where, in the United states ne can pheS
twenty five dollars at per cent In property worth
$3.50 over It's cost and backed up and supported by
the individual interests of 5000 members IL Is ths
aggregation of individual interests and TO some extent
responsibility (although no member Is personally liable
for any club debit, that forms controlling clement III
my estimation, in the decision that the investment l.
attended with risk and Is the best that can be mad
Besides l was not in the circular trying to convince
the general public but the members, IL tney Dec0e %
believers, the rest Of the world may usSchl IL hey
please. .- , e.. five
months instead of four is untrue, and mpeaches the
trea surer veracty. The club opened Its present mouse
from that time to April l. which is four months and
not five and The sun writer should adopt some olhet
method Of c0gnng except uPGe PpPsnmpo m in saying
that the house accounts are not net Is as geat a.
print of malice. The members and the public gen
erally are at liberty believe the treasurer or The
ness will fall of in the summer may or may
not be true but the 3D., belief dIii, thaT 1T
IN the averagf His conclusion that there i no
basis for figuring annual profits Is untendhle. lhele
j. a. much and even more accurate basis than Is
usually employed in figuring the profits OF rallroads
The explanation asked for respecting tIie revenue %
from lodging rooms and the question asked how the
anpuaI revenue from that source could be $4,000,
when ii only 81 .324 20 for hNe mOhuhs' - i.A
met by saving that the figures 81 324 IS were for four
months and not five months, and al-O by saving that
during those four months the rooms were n0d cohtu NJ
ousy occupied, and the revenue Of 10000 Is Tile tie
estimated revenue of the lodi OH the ueOr
that they will be continuously occupied. Man! ..
that before the fall every available that can DC
spared by the club FOR permanent yearly reJa. wiz
be taken. The yearly rental OF ,Iy ou''uiis =
what it will bring when fully occupied. .nor, thu
The same answer applies TO the revenue trOI @ e ',S
theatre the S595 80 being the revenue for iDr aug 10
not i've months. and the theatre dnnng a part p, 81
those four months not being in condition Tor re,dl
and the $4,000 estimated revenue from thls eOurCe
being based upon what ii is believed will be reason
able number Of engagements: Ihe clup ha9 TO- 80 81 80
1925 night for the use Of its theatre IL can De
readily seen that eighty engagements at that rate
would reach 10000, and tmt eighty eheasencrits I
would only average Of seven q month. me ne
PROBABILITY of the theatre being engaged that number
of times per month on the average can De % S
upon by any one who knows anything about the oe-
uand by the public generally for the use OF suc d
place This answer does not at all consider the PrOD
able from the use Of the place AFTERNOONS.
All that The sun says about the estllateu an
nual profit and expenses Is simply It's gfdVulIous anu
deliberate dstOrtng Of facts and erroneous lneIences
from them for the purpose of reaching conclusion
which the writer had made up Ms mna 70 H eSeaDH'a
profit Of $4,000 in four months, and because tat is
so unusual af ef fGe VII lie pTobb rom m an 10 annual dee
To meet the expenses of the he proposed european b
Madison square Garden games. ana that money - -
now on special deposit to meet those expenses. IL
is probable that the expenses OF the trip VIII eActSu
the sum thus made, but ii will not add materially
TO the debt Of the club. .,-,,- ..o
The object Of these attacks and especially the
last ones must be to try 10 prevent members from
taking any of the clubs certificates, and thus en-
NV experience in the club, and with It's new members
especially leads me TO the most confident belief that
attacks and that the interest of member of the
club is 50 great that it win not be difficult matter
TO raise what money IS needed, and that the dLrup.
ton of the club is matter which may be talked OF
as likely to happen when the sun sets for the last
little of the characteristics the men who have in
charge bs se Sg "a O "a unGer & the present. ecum
stances is going 70 stand in the way Of the con
tnuance of the club. The payment Of S22O by each
member would wipe out the club debt.
With It's present magnificent building and its many
facilities for pleasure and profit even il considerable
number OF the club members should annually leave II,
which do not believe will be the there will
never be any difficulty In keeping the membership Of
the club up 10 the full limit.
From the start, the gentlemen who have been in
strumental in bringing the club 10 its present cOndl
tion, have been constantly met with opposition and
criticism from the outside. They publicly told
that the club would never buy the ground for club
house After the club acquired the ground they
were told that it would never build clubhouse.
When IL started IFS building they told they would
never finish 1t when ii had finished the house they
were told the club would never occupy IL. Now that
the club is occupying It, they told that il will
continue to occupy it. This last prophecy will be
attended with inst the same the former proph
eceS have received GEORGE w. CARR,
President Manhattan Athletic Club.