The times., 1898-11-02
COLUMBIA ArH1Er1o CLUB.

1
Board Of Govorp ORR Call a Special
| Meeting to Consider Finances.
! For several weeks past the board Of
| governors of the Columbia Athletic Club
have been considering /. possible change
in the manner of holding irs property In
G Street. and for this purpose they have
called meeting of the members OF the
club for Saturday, November 12, as before
any change is made the board desire
full expression of the sentiments of the
members.
| The call refers to the fact that the in
terest on the first mortgage bonds of the
club has been overdue for several years
past. 1t Is understood that 1t Is impossi-
Bile to pay this accrued interest and at
the same time pay current interest as
installments fall due.
| The first mortgage bonds of the club
amount to 10000 and the second mort
| gage bonds amount to s23,0 900. The princi-
pal assets of the club consist in its real
estate holdings and the contents of its
buildings. These have been carried on
the books OF the club for a long number
| of years as amounting to sl46,0O0. Con-
| sidering the depreciation in property
since the above estimate was made in
the clubs real estate holdings, the club
has probably had but a nominal owner
ship of the property for some years Its
| financial condition Is considered as good
| at present as It has been at any time
since the first year or two of its exist
ence.
1t Is not expected that the organization
of the club will be at all changed, and
1t is rumored that an arrangement has
been perfected with the bondholders by
which the clubhouse ana the clubs other
property will remain in the hands of the
club, and the plans of the management
In this respect will be laid before the
members.
The membership of the club has been
kept up to an average of 525 members
throughout the Summer months, which
is the largest roll carried by the club in
years. Considering the large number of
Its members who rendered their resigna-
tions to go to the Spanish war. this large
membership roll Is very gratifying to
those interested in the clubs welfare. For
the past few weeks an unusually large
number of applications for membership
have been received, and the Winter roll
promises to be the largest in the history
of the organization.
The entertainments of the club which
have always been interesting and profit
able, have been made special feature
for some time past, and the one given
last week. it is said, surpassed its pre-
decessors in many respects
The amusement committee of the club
provided professional comedians and
musical acrobats. and the affair proved
to be splendid financial success. as well
as receiving popular appreciation on the
part of the members and their guests.
The Fail games, which were held on the
Columbia Field. one of the properties OF
the club, have attracted attention
throughout the country for the records
there made.
The gymnasium of the club Is one of its
most popular features and is largely at
tended by business and professional men
of the city. The bowling alleys have all
been remodeled and draw large crowds
every evening.
With all the prospects in view for the
club S success this Winter in its various
fields OF amusements and physical cul-
ture, IL is firmly believed that some means
will be provided TO meet any financial
conditions that may present themselves.
The membership, at any rate. It is assert
ed, will remain true TO their club, which,
to many. is also their home.