New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-02-03
-opK FOR THE OPERA HOUSE.
GIVING TO SAVE IT FOR MUSIC.
OINTMENT OF MI. wAREES's PLAN

s,,css Of the efforts which some OF the
u u. ., the Metropolitan Opera Hose Com
sccAn making TO save the building for opera
FM communicated TO ALL there would he no
s'an ",o,t its future. Henry CewS has plan
doaV, ~ & tryns 10 get the stockholders to adopt
sm'" .,nport with their purses. ana George Henry
90 a. making equal eNeirions Oh behalf 0i
VARY" The friends of either plan would hc glad
inoihe' comproml,, with the friends OF the other.
10 " doubt either party would be siad 10 see inc
sac ~ ..,,,e,ely successful All that either wants
OSr "rnuonce and maintenance of opera in New
inc rho plan put forward by Mr.. Clcws
w" 49, nublIshed in detail. well aS his
as W a.sr,.s,ed 10 the stockholders. Mr.. War
heA" has also been published Ia outline. ana II
rhs laid before the stockholders in detail in "a
Is W. addressed to each Of them by The com
dnu~ =, which Mr.. Warren is chairman. This cir
nlsr is rs lo'i ~, .,..,,o.s -, 49,, ,,.,ooo,i,o
uouse wa, held at the Mutual Lie lnsuanc" Com
oYS ,n,,,c on January 30 1893. Elbridgc r. Gerry
pVs The inclo>ci plan for purchasing tae Met
49, opera House property at the coming foreclosure
RNf ..a and after hearing the report th1 about two
ss 49, amount Of 81 600, 900 called for in the pan
p's n.o-ri.cd il wa received Tint committee OF
ii W. contracted by tae chaiT 10 obtain. II possible. the
rr~ =, the Sub.crpt 0ns under the plan proposed and
nSH s,,,,on The following gentlemen were appointed
$50, IN act a. such committee; Mcs>r>. r. I. VIII
~ meeting of the above committee it was solved
"',os Of N, proposed plan be mailed to the stock
'I' =, ,ha Metropolitan Opera House who have not al
,hs,ribcd to the plan. with request that in case
x" ,s 10 take IA ShaIe or Onc-hah or onc-tMrd OF y
=" ... the proposed plan, they will pltiec notify
E". fm,v Wsrrsn chairman at No. % Strc-st., New
S1s' ,,.l.,oc a., or before Monday. February next
H. u attention T. 80 suj~crbc'; and IL was further
- Tim, shoud the Whole capital Of 81 100000 be
,,ov subscribed for by stockholders OF the Metro
i nnen House on Monday February @ next, then
IL, Vii ". considered to have failed, and notices 10
W "a Wa, will be mailed t, all the Subscribers
o.. 40 therefore requested TO notify George Henry
~ rb,,n,an az No. IS State.si. New YORK, on or
,.., Monday February next, whether you desire 10
As,,,4 f,r a share. half or one-th'rd Of snare
80. ,ae ncloscd Pan. Yonr attention il called TO the
- h,: the Of the property is advertised 10 take
- ~ February IA next and YOU are earnestly requested
100 IN Your decision without delay. Respectfully
ycrs -. .rv.,rn ,vrnp
GEORGE IITNEY WARREN. -.
n.,.s Now.york January 81, 1888. Committee.
Tho MAN which is inclosed with tbs circular Is as
follows
40 ,c,crent 10 be entered into by present stock
,oeers q, the Opera House Company ohiieatng Them
sv.s "a subscribe Onn or mora shares to be- is>u'd
Nv , oomIanv with capital Of 81 100000 uemc'cit"i
n ,ucr,v shares OF so 900 each which NAV bc divided
INTO h.f shares onc-third of share. in ease the
,,n,rty OF the Opera House should ~ bought ~ =
committee appointed by them This company VII! be
formed for tie purlo~e - rpaiine the dama;r don"
II Ire to the Opera House, and making it suitable Tor
giving grand opera The own Of a share Of 91Oo'p
s h entitled {, the free Of box during the
,s,nnance> OF grand opera. The procc: for recon-
s,cuns the Opsr House is las upon The expectation
ia, the whole property 20 rent1 with the stpul-
Ion that ary performances Of grand opera shall be
,hen dufin2 the winter season. for sufc mt sum 10
ar IRE Interest on the amount IN excess OF I'll" capital
Of NJ 900 900 which the property will cost tocc'her with
Al tais reIss AMI other expenses. The Intention
o. tie su. seribes proposed agreement being that
% promote the giving u Iand opera they are Wiling 10
se IN lieu OF the Of the FL 100000 they have
pa the free twenty boxes during the performances
Of grand opera but that they not willing 10 con-
rbuh any more. should the property not rent on the
sb,y. conditions Il would Re rented for other pHorni'
than grand opera sold Whenever majority in
interest snail for doing The sale Of the prop
er;y 10 iecome imp ratiyc debt OF $4,000
leen incurred hy the rentals from the property being
iIsune.ent to pay interest, taxes etc.
~ R.-r has be.a suggested TO modify the a owe Han
and increase the capital stock enough to allow any pres
stosSholler Of the Metropolitan Opera House not
Subscribing for s5O,CO0 box 4 fraction OF box
under the sbo,s PLAN post SIS 800 Of the present
Metropolitan Opera House stock with tn Turcha'in,
ecnmiiee Of the above plan and receive therefor i'll the
event Of the sai committee buying the property T"oo
Of stock In the company. emitting the owner Thereon
the free orchestra chair during the season
Of grand opera. This Modification ia merely sugces
ton end does not form part of the plan at present
Il simply suggestion for the future action of sub
Erbas
Mr.. Warren said yesterday that those who already
favored this plan would he glad - increase th'
humber of shareholders in the company and It's capt
tnia,iOn, and TO allow n box to each subscriber lo
$4,000 OF stock, TO the limit o' thrty-iOur boxes
which would be the number In the lower tier. Al
the projectors of the plan wanted was to secure "a
many subscribers as possible and much money "a
possible IN order to insure the continuance OF CRANE
opera in New.lork lie himself would be glad o
The adoption OF any plan or any modhcsuo' OF an!
plan that could accomplish this end Ii would b
q shame II "thc Greater NcwiUrk' the second o.
third city of the world. could not support an oper'
house. and the city would become an object or sc'ri
enough interest in musical culture could not b
found to enable IL TO do so. Everybody who tool
hold Of this plan, Mr.. Warren said. did so partly on
phIlanthropic basis. TO maintain centie OF mnsica
an in NewYOrk aud 10 add TO the culture ana re
anement Of the city through its influence
Henry Cews said yesterday in relation TO the plan
which is already familiar In my original plan 10
When named $4,000 as the sum 70 DC p'iu or u.
each subscriber for Of the tlnrty-four pdrterT
eoIx, had In view putting mortgage OF sooo'I ~
on the property TO provide for the balance OF u.
money needed. Now / think better thing would D
Tor the new company to issue 100000 Of p,
cent bonds, having ten years TO run wlnch WI
easily sell at par in which event. IL the property
bought for ~. 100000, II will require only @I30Voo
addition 10 be raised from the Stockholders, when VII
10 equal 10 $4,000 instead rt SJO,OD, q, cai'N
for, 10 be paid by each boX-h0ldcr IL VIII De nc
menbered that under this scheme thl!N ionr Dun
holders will be the owners of the entire properly
which includes the apartment houses, In place OF uhu
the old company Seventy-two equal owners Wllhou
any ownership In the apartment houses thtIeoI 10
the $4,000 paii BY each stakeholder ne FtS amp
security in the additional property acquired anu III III
judgment. II win prove in the end no, Only an aGrte
able undertaking. but profitable investment also.
W. ccws added that he had thus far received ll'.,
subscribers for the company TO be formed nhdef III
psn.