New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-01-26
AN ARDENT CHAMPION.
The Rev julius H. Ward In The New-Enelahd MaSn
THE MERCHANTS CLUB TO SELL ITS HOME.
TT WILL BE PURCHASED By THE NEw'yoRK
LIFE INSURANCE COMPANY. WHICH IA
TENDS To ERFCT A NEW BUILDING.

TENDS TO ERECT NEW BUILDING
The Merchants Club in Leonards,.. is one Of the
most solid and most substantial Of the social organza
tons Of business In this city. includes IN It's
membership the bestknOwn and most influential mer
chants In the drygoods district. II has occupied LOT
more than fifteen years comfortable ana convenient
building somewhat od-fashoned and unpretent'ou'.
but OF spacious proportions. and furnishing extensive
and attractive rooms for the Of the members This
club has sought publicity or prominence In anv
way 1t has endeavored to supply for the use OF Its
members place where they could take their meals and
meet their friends IN conditions that would give them
every opportunity quiet and reasonable ENJOYMENT
The New-YOrk Life Insurance Company has decided
to follow the example OF the Equitable Ae Assurahce
Society and the Mutual Life Insurance Company and
enlarge It's present handsome building IL y proposed
to extend present structure TO Elm-s In the rear
In order 10 accomplish this object II Is necessary for
the company acquire the property OF The Merchants
Club This organization paid $4,000 for IL property
about fifteen years ago. The New-lOrk lie ihshr
ance Company Is prepared TO pay $4,000 for II.
A meeting Of the Merchants Club was held yestrr-
dsy and II was decided TO sell the PROPERTY TO the
insurance company for that price. Tie New-l0rK
Life desires to welcome the Merchants club 10 new
Quarters OIL the top floor Of It's building II this ar
rangement shoud be carried out the relations oil the
Merchants Cinh 10 the New-IOrk Lie insurance
Company would be similar 10 those existing between tho
Lawyers Club the top floor OF the Equitable Build
Ing and the Equitable LII" HssuTSuft M'I!
members OF the Merchants Club however, are ex-
trefnely Independent IN their ideas and prefer 10
have clubhouse Of their In the future, as they
have had in the past, wholly apart from any other
building and any other organization. Hence motion
was made aud adopted at the meeting Yesterday that
committee should be appointed TO consider the qeS
ton Of securing suitable property for new club
house for the club II ia not yet clear therefore.
whether the Merchants Clnb will find It's inure home
on the upper floor Of the New-fOrk Insurance Com
pany's building will bnild new clubhouse.
Many OF the most important Insurance companies OF
the CITY, both the FIRE aud life Insurance companies
have been building immense structures OF late
years or have besn adding very largely to the pro
portions OF the ediices which they have previously
occupied. few years ago tho Equitable Life Aesur
ance Society occupied only a part Of the Broadwhy
'front.' taken up By It's huge building. This edifce
| has been aRphhea 10 colossal proportions both IN
front and In the roar. The Mutual Life Insurance
Company has bought extensive property in the rear
of is present structure and proposes u expand
an Impressive degree the dimensions OF It's building
The New-iork Life. with its new building win rival
In tho eye and impressiveEess Of Its edhce the strc
lures occupied by the Equitable and the Mutual.