The sun. [volume] (New York [N.Y.]) 1833-1916, 1894-01-07
rHr sr1siLIrr or rms N ,. 4. a
Reports showing thst ,he Orxaui-nt,es Hss
Heeu Wen Msu,geA

The MANAGEMENT Of the New York A. c. last
nlght mailed to the members the annual re-
ports setting forth the social, athletic. and
financial history OF the club during the past
year The following IL the substance Of the
Governors report:
Your Board has A. no time lost sight Of the great and
pressing need OF more modern and suitable club
house, but the extraordinary financial events Of the
past eight months have proven that any active step
in the direction OF assuming the largely increased OBJ
legations would not only have endangered the
Of the undertaking. bat might have seriously smbsr
raised the club.
The Increased revenue derived from increased mem.
bsrshp initiation fees and dues amounting since the
adoption Of the amendment June 80. 1892 to
have been applied the extent 2si 10
in paying charges upon the club house site. and
also TO the discharge Of $4,000 OF the mortgage on
Travsrs Island bearing interest at the rate Of per
cent the retirement OF 1890 citizens Bicycle Club
bonds bearing per cent interest. and t2,7oo club
~ S.nI ssrs,ng sent There !. ..!
htesntrsy separate from the amount OF cash contri
which hS. bs.R psd IN IL. sum OF $50 O'
sgGr scnd,a S' *: i'm
pssetice introduced during the 1871 OF charging
Sepscno1 y pass OF Ssds s ,n,.nSR. &
been continued and tue u si6 SGoOs carried TO
Al the teal estate owned BY the club 4, carried uron
lie ss,as sarpa. 81 iRs es% hsr r !. SSndsfs
bly, gHnter than is shown by the Treasurer report
me treasurer pretnoea his detailed report
upon the financial transactions Of the fiscal
year lust ended as follows:
The arnnun Of actual debt paid In cash amounts
to t3lu25 namely five per cent. bonds OF the CHI.
Iens' Bieyele club. alh eight per cent club deben-
Island sac 600 bearing nvs per the payment ot
this Indebtedness from tho amount derived from the
Increase OF initiation fees and dusa deemed to be
the best pousibls Investment Of tho the same be-
ing equivalent TO the employ OF II al better than
nye cent thereby reducing the Ned charges about
Attention IL called to the sStracsiinary expense of
carrying the fifty.niuth street property, namely.
bl2lIInO the Sans being for int great taxes &c In
connection with the payment OF interest on this
n,nrteaSe wa, deemsd advisable 10 change date Of
Csrments from Jan 10 and July 10 to April and oct
l. To accomplish this We paid two aud half months
more interest sl,OU. had tho olAnLe not been made
the next payment beiuH due April 1874 This change
Of date was made so that these payments would fall
due after the cnaection Of the seinE annual dues
assets S1l4 isu.p3 leaving surplus Of s242.
Gca35 ne against surplus Of 'a2S 35;I 80 on Dec al
lsH2 To onset tho depreciation III vahIe the clubs
buildings and furniture the amount OF siU85o " has
been charged to pront and loss.
Tho balance sheet puts tho total nssets OF
the club at $Il4 DSuN 3. against liabilities csti-
mated at sap. O52 90. The expansps OF run
ming the athletic department are set down ns
S2i !i.97. coat OF maintaining grounds at
SllIl.2. while improvements amount to
s3S+2,T. Bicycllng cost tho club 50, 203. 43:
baseball 50. TN 5D; bowling. s2SG.SO boxing
S3OIS44 fencing. $lSl25: football, $oY4. "a;
gymnastics, s2l; lacrosse. 81 .sS2lo lawn
tennis. SIM; rowing. S., 272.3S: swimming
Slm 20: track. S3,Oo8.UV and water polo
1920.