The San Francisco call., 1896-06-28
NEARING FINANCIAL FREEDOM.
Good Work Accomplished by the OFF,
Gals of the Y. NJ. G. a.

GOod w ork Accomplished by the Of1l-
cia1s of the Y. NJ. C.. A.
Largely through depreciation of asset:
relied upon in the erection of the new
building OF the Young Mems Christian As
sociation the board of management found
themselves about year ago subject to an
Indebtedness o $500 In order to raise
this amount they organized an aggressive
canvass, soliciti ng subscriptions for the
cancellation of the floating Indebtedness
and the balance due on the new building.
The solicitation for funds was made with
the condition that no pledges would be
binding or collectible until at least 500 00C
of the $3.50, 900 was secured.
On Monday evening, June Is, it was
announced to the board of directors OF
the association that this amount had been
pledged which would make the 800 900
colIectible; and, in fact, nearly $4,000 OF
the amount has been paid in during the
past week and the balance will be forth
coming Immediately. The institution will
need at least $60000 more in order to can
eel all indie ebtedness and dedicate the
building entirely free of acumbrance,
and the efforts of the trustees and di-
rectors will rot be relaxed until the entire
amount is wiped out. The following cir
cular letter, signed by J. J. Valentine,
president, and H. j. Mccoy, general secre-
tary. has been sent every member of the
association:
To the Members OF the Young Mems Christian
Association, San Francisco Cal: In June 1895,
the board OF management of the association
undertook to raise by subs scription $3.50 900
to meet the Indebtedness then outstanding
against the institution, pledges payable on
condition that no money would be called for
until 100000 was subscribed. On Monday
evening, June 10, 1t was announced at the
meeting of the boards of directors AID trustees
that the latter sum had been lledged leaving
a balance OF $4,000 with accumulated inter-
est) yet to be secured.
Taking a retrospective view of the situation
we realize that the raising OF the remainder
will be harder task even than the securing of
the 100000, which Is now collecible yet the
board OF management will not cease their eff
forts until the entire Indebtedness is paid and
the property of the association and the well
fare OF the work assured. Until this result is
reached 1t has been unanimously decided that
under no circumstances shall further debt be
incurred land that the current expenses of the
association must be met by revenues derived
from rentals within the building membership
fees and such special donations as NAV be ex-
pected from interest ted friends
In order to do this each month the member
ship OF the association should and must be
greatly increased, as this is one of the princi-
pal sources OF necessary regular income. We
urge every member to assist us Immediately
by bringing into the association at least one
new member. We believe this can be done,
and if accomplished, as 1t certainly ought to
be- it will place the association, SO far as
ordinary expenses are concerned, in fairly
easy circumstances. We trust every member
will heed this appeal and bestir himsalf now
to assist in doubling the membership of the
association.
A grand mass-meeting of members will
take place at the association parlors next
Tuesday evening, June 80, for the purpose
OF arousing new interest and largely in
ereasing the membership.