The evening times., 1899-01-26
MEETING OF THE
Y. NJ. c. A. MANAGERS
PLANS FOR RAISING MONEY
Date of the HOusewarmfng Set and
Financial Measures Dis
cussed.

The board of managers of the Y. NJ. G.
A. held an enthusiastic meeting in their
new home on G Street last night Plans
for the proposed housewarming were COM
pleted and it was finally decided that this
important event should take place Mon
day, February 49, The committee having
the matter in charge reported that it was
expected that the club house would be
entirely refurnished by that time and
would be in excellent shape for the re-
cepticn of visitors.
The most important feature of the meet
ing was the report of the financial condi-
tion of the association. The report show
ed that an additional subscription of S12,-
eco had been received by the building
committee, enabling them TO make pay
ment of $50 600 on the new building and
leaving a balance yet TO be paid of $780,.
coo. The total amount of money sub
scribed for the erection of the new build
ing before ii was decided &c huy the C. A.
c. club house was s3S, 00o OF this amount
500. COO has been collected and paid as
stated above.
The association contemplates the erec-
| tion of another building on the lot adjoin-
! ing the present structure which will be
/ connected Herewith and will require more
money than the $50 900 necessary TO COM
/ plete paying for the C. a. C. building.
The exact needs of the association are
outlined in the following statement pre-
+ pared at the instance of the board of
managers:
The association owns in fee simple and upin
numbered the site Of its old home, 1909 New
/ York Avenue which il values at 100000 II
has purchased the brick house adjoining in orlei
/ 10 control the alley and basement, paving there
/ Tor S25,bD. upon which the deferred payment.
amount TO $4,000. The total estimated value o.
! the association property on New York Avenue Il
Sl2j,oJ0, less the deferred payments on the bricl
house. The Columbia Athletic clubhouse cost
SoJO1. plus arrears of taxes amounting to S.
] ODJ. or S1S.5OJ IN all, upon which 10000 ha
been paid. leaving due on G. Street property Sjs
/ 800. which. with the amount due on the New
J York Avenue house makes the total liabiltie.
! Of the association s76.5OO. 1t is estimated thai
/ the cost of furnishing the home complete
! gymnasium, parlors reading room. etc.-will mo-
lie less than 5000. II is the desire of the boar,
! ot managers 10 erect on the vacant lots III,
! west OF the new building in the near future .
colnmodlous hall, seating 1000 OF loo persons
with such additional rooms the association ma,
require. and also bicycle sheds, the Eighteenth
Street lots at estimated cost OF $40 600 for hes
( buildings, the ground already belonging 10 tn
association. The total present requirements OF tn
association are approximately sl2I, 500.
! II the association could sell It's New York Ave
nue. property at its fair value. il could with th
/ proceeds. and the total building fund subscrip
iion Of $4,000 obtained bv last years canvass o
which $4,000 is stll due, Just about pay for tn.
! g Street property and the improvements. Bu
this sale on such terms could not likely be made
IN the near future that it is the purpose of III,
board 10 raise the money necessary to clear il
new property fr"m debt and put il in romplet,
running order for the best class of the work
! After this is accomplished the New York Avenu,
! property could he utilized for endowment witt
which 10 help in the permanent maintenance O
gf
! accomplished much already. through the kind
hess of the citizens of Washington, confidently ex
! poets prompt and generous response. to meet tn
needs of its present situation.