The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-01-10

GuRH
c,, povn 70 sonething Like $4,000.
Aetna last annual meeting OF the Manhattan
.,h,etic Club. President Carr. In pursuance oil
. ,osolution, appointed a committee OF I'VE 70
famine the annual report OF Treasurer Wal.
~ storm. and make such suggestions and
so.ommendations as the committee deemed
,nst That committee, composed OF BENJAMIN
g Harmon. william i. Taylor. John NJ Tate.
y.mos r. Grannis. and q i. Trotter. have
v,"do their report. and 1t is scorching criti-
LIN, NJ m. officials OF the club. A largo mum.
a.. ~ recommendations looking toward
.,n-o economical policy in the management OF
A.. sinh are made. The expenditures for next
ga abould in the opinion Of the committee be
,.nt within S1s5.0pO. The full report OF the
committee is as follows;
"T1nlanatory OF the nature and scope OF the
..,ort Il should be promised that in the very
~, time allotted them for their work your
..rmittee have not been able. nor have they
....mnted. TO have made IN expert examina-
49, a, the clubs books and accounts. upon
hitch tho treasurer's report was based. Attic
s,t.st Of the committees labors 1t became
.sn.rsnt that properly to do this would re-
.v;ra several weeks time. devoted to no other
"a ard. II such examination still be desired.
sp Vii ba ssary that the present committee
10 for ina. P@rPbo Pc % ts5 he
work Of this committee has been limited. hrst.
xan ANALYSIS Of tho report referred To them
and Of Its yariSns if in tba clnb
hpppts and, second. to I'm exam ination OF the
TorlinG Of the various departments 81 the
CLUB LOT ,h and bar and OF the nature and
tent Of tho clubs sos expenditures and receipts
.r.:sn rr submitted to them his report. with
various papers and memoranda pertaining
ths5ys ts -snort has been found to be correct
.r,ns"pint from the hooks. and presents fair.
Il somewhat involved. statement OF the mat
.hs ons IN e iab history With RESPECT to
sn 4 s@S saS .Ss
naan s and lie
house n wsri rsR e
indebtedness at the beginning OF tnS Irese9t
n nsss nss5s .S lie b an
tam. not appearing on the clubs books, OF from
s SetoSsr Il last and still unpaid Dcducting from
this amount the clubs quick assets. Consisting
OF cash. accounts collectable. and stock on
hand hsa 1851 % SScue noa'
The committee find that this large indebt-
edness Is the result, in no small degree. OF
wasteiul and extrayagant coHrS , o. expn ,a
mept OF this committee. should not have been
countenanced BY the Board OF Governors.
Ss %b Ef Rsa aS SSt has ~
little to show. except what may be the value Q!
the improvements at Manhattan Field, and
from which expenditure the genera mem a, per
iI sss in desree, has the conduct
ina sssPs Il ns ensF 81 ss
e stmssee on cost Of s1o64 ns s
D oS s1d sasres
cism is given increased emphasis BY the fact
that in the course Of such extraordinary out
lays, it seems not to have been thought neces-
tersst falling due Nov. 1. 1881: on our first and
second mortgage bonds which is still unpaid.
NJ ts aSt 4sno the s sS :: 81 Sas
Again; in the res9intl9n adopted at the sge:
@ @ssn q oS5p 81 @ Il ans
among other things. provided that all moneys
thereafter pal. for life membeEships should
thereof be applied to the redemption Of said
Of III. snS 5op e sssa
bad been placed. but the obligation assumed
BY the club respecting a sinking fund therefor
Wae y e The h sub sesR and
The total receipts during the past year for
dues. Initiation fees. life memberships. and
s andP ttSS s tos e1psDaarss IN
and about the running Of the club house and
lor outside athletics. exclusive OF the cost OF
supplies and the wages Of employees in tho
numbers. $lSO.0OO. n
III IS to be noted that more than 100000 Of
the receipts were for initiation fees and life
Forward to very much smaller income from
!nese TWO sources during the coming year. It
i n., that different methods must pre-
Sail. and economies be practised. The relation
oetween probable income and necessary out
Gibbs outstanding obligations. We have a
q which are unequaled among all the ATHLETIC
club houses OF the world. and membership OF
fSotnsstantiy Increasing dignity. and weight. It
now 70 provide Tor the necessities OF the club.
ielegatlng what may be termed the Injuries to
a n11e when our financial condition will right
n;t IN the department Of athletics. your COM
Ilttee would suggest that the various sub
associations. such as bicycling. football. yacht
IL s wh tRee whss enb thse
!ne practice Of sending teams to Europe at q
f sost o. many thousands OF dollars and to dis
q ff sre ss0 Ras
Sers o. athletes be discontinued; that the
Msck ~ rlfty'seventh street and Eighth ave.
hoe be dispensed with II Manhattan Fold Is to
s,a al'Gintalned, and that the salary list be
totssI S ~ curtailed 1t Is recon- ended that the
con M expenditures Of the club for athletic ac-
S SGi99t during the coming year be limited to
th,tis also the opinion Of your committee
am .a' me salaries and wages OF all employees
~ ~ % limited to a total OF $4,000 per month
~ sn Bout materially affecting the efficiency OF
ns S saH and that the present cost Of feed
least $40 e MP %nnt should be reduced by at
rsst an examination OF the prices paid for
so S.iusant and bar supplies has led to the
INN r'IInst .mI mat saving on this account Of
ehasas ~ - per cent can. by judiciOus pur-
M s s" w eIlccted. In this connection, also.
tnr n suggested that there should be incor-
iuch ss w Smohg the house rules q provision
month " % given member during any one
,t.a ~ reduction Of the cost Of printing and
ksr ynery; u Is recommended that the num-
eansT notces sent out to members be los.
be ~, anH mat all notices. SO far us possible
each mo Mitn mouse account bills the first OF
material Sa,. IN inns way. also. would result q
clerical a Saving In the cost OF postage and
njss &C.. scaarcely need be said that these econo.
CONF enu others. the occasion for which has
VbI"h os ine attention OF your com mittee and
pract;caa lsnt pc suggested. can be- put into
end Nv thIn by an earnest endeavor to that
apon su nle pfncoming Board OF Governors. and
'ucn Board will rest great responsible
A.1 Hs Ss has been made to the fact that
bout S275.OO0. 4 portion Of this is sac,ire ~
noftsanas OF sll0.OOO OF the clubs second