New-York tribune., 1901-11-26
FINANCING NEW CLUBHOUSE
REPUBLICAN CLUB COMMITTEE MEET
ING WITH SUCCESS IN GETTING
SUBSCRIPTIONS.

The financing Of the project by the Republi-
can Club for a handsome new clubhouse to cost,
with lot about S4J0eGO. is so we'll in hand now
that IL is expected that architects plans will be
asked for after January i. The new house
is to front in Fortieth-st-. between Fifth and
Sixth aves. about 80 feet east Of Sixth-ave..
and will occupy the present site of St. Ignatiuss
Church. as has been told in The Tribune The
church site has frontage Of 30 feet in Fortieth-
st and 30 feet in Thirty-ninth-st-, running
through the block The plot cost the club
SaGG GOO
The finance committee has met with crafty
ing success in soliciting subscriptions for the
bonds The Library Square Realty Company
was organized by the club members to finance
the project \ mortgage for 500 600 on the real
estate was placed with this realty company as
part Of the plan. and the subscriptions toward
the building fund in effect second mortgage
bonds and are largely taken by the members
Real estate experts estimate that since the pur-
chase Of the plot less than year ago. the
property has advanced in value from S2o9"n
to about S230WNN.
snhscr,ption for $1,000 which gave the
finance committee great pleasure came from
General Horace Porter. United states Minister
tn France. General Porter. in forwarding his
check. expressed the most cordial sympathy with
the plan to build new clubhouse.
Tho nev house will he eight stories high. with
plain fronts both in Fortieth and in Thirty
ninth-st The building committee has decided
that anything ornate in architecture submitted
will not b. seriously considered Three floors Will
he used as apartments. and the others for gen
eral club purposes. including an assembly room
and large dining room for club dinners. Nhle
there will be few committee rooms, 1t Is not
MANNED to have any routine political campaign
work conducted at the clubhouse. The senti-
mont is general that all the structural features
shall he severely dignified and in harmony with
simple Republican tastes The color OF the
granite for the fronts has not as yet been de-
cided on.
II Is ex, ected that the nonresident member
shin of the club will be largely increased In
fact. the officers OF the club hope to make II al
most national in its character Members OF
State committees from all over the Union VIII
probably he induced to become NONRESIDENT
me nbers and il is hoped to make the club such
a popular rendezvous that prominent Repupn-
cans having business of a polltlcai cha Iactet
will make il their headquarters during thelr stdS
in the city The dues FOR noh-IeSlueI' hi0"i'~-S
viii be very modest.
Members of the finance committee VINO We're
seen Yesterday said that there was no particular
need for hurrying the building. St 1gnatluss
Church which rents the premises or the clup'
paws sum that makes it cost nothing for the
club to carry the church property
The present clubhouse was constructed as a
home and while it has been comforta bic place
in which TO meet It is no longer adequate TO tle
actual needs of the club. Notwithstanding Ger
tain inconvenences. it furnishes one OF the oest
dinners in the city to its members ana guests
al 10 cents The church can remain ohiy untii
January 1 under its present lease but the ciuo
officials have received an fntlmat1on tha' the
church socaty NAV want to remain rev weeks
longer II Is likely that they will be allowed 10
remain until March or April if they so desire