New-York tribune., 1902-01-14
NETWORK A. C. REPORT.
WHY TRAVERS ISLAND CLUBHOUSE
WAS NOT REBUILT
GOVERNORS SAY ATHLETIC CONSIDERA-
TIONS SHOULD NOT PREVAIL AT
COST OF FINANCIAL RISK.

COST OF FINANCIAL RISK.
The annual election of the New-York Athletic
Club. which will be held the clubhouse. Fifty
ninth-st and Sixth-ave., tonight, promises to
be one OF the veIiest in the history of the club.
Considerable feeling has been shown recently
over the election but the heavy opposition an
ticipated in quarters did not materialize.
In fact, only one name has been posted In op-
position to the regular ticket, that of James H
Haslin. who is running for place on the board
of governors. The regulars are supporting their
ticket to a man, and predict overwhelming
defeat for Haslin. who does not appear to be in
sympathy with the present officials Of the club
Haslin is one Of the governors at present. but
when the regular ticket was made up his name,
with that Of Mr.. Hunter, was omitted from the
list.
One of the regular officers of the club last
night in speaking about the election, said: 1.-The
element which is back Of Mr.. Haslin in this
fight will get all the fight they want tomorrow
night, when the ballots have been counted"
THE GOVERNORS REPORT.
In the report of the board of governors. which
will be submitted to the club at the meeting
tonight some interesting statements will be
made, especially about the finances. The re-
port viii say:
The club has had a., ProsPerops year Its net TN in
general for 1901 s$o6 75S o. exclusive OF
Island the SIS 900 on the furniture and fittings
which were consumed @ by by hre on January o 1901,
The expenses of the city house II 1901 were s26l.
37 A. less s693 % expended on furniture and fittings
az Irayers Island $Z52lS3 81 plus the cost OF ad-
Tbe baae Ss Sheet 20 dates bat the 6rage hed
TrayeTs Island was reduced from $4,000 to $3.50
Attention is called to the TACT thai under the stpu-
atons OF the morkaKe the c!uo mad no aIternative I'VE
over TO the MaGhattan Lie Insurance Company II
condition OF the business affairs OF the club
Sach as 70 eonXns S M ne o94Fd @5 @ g9EernoFs that y
to and reduce the mortgage by the amount in
The statement OF assets and liabilities at the end
the form OF notes Of 5000 and debentre bonds Is
Of $4,000, drawing interest at cent and fall
weight In determining the policy Of the board 'i1 in
respect 10 various necessities Of the situation Il
the earliest possible moment and that whatever
the city house should be speedily attended to. in
order that the expense under that head should be
the debenture bonds were being paid There was
@ s. than @ the a total oatay for IN wo @
ySSTs 9F the R95Eb9ses named having been con-
PATRONAGE OF THE ISLAND.
The governors are confident that the floating
debt Of the club and should be paid Off
clubhouse at Travers Island, and good reasons
are given why the work of rebuilding has not
yet been started. The report continues:
All members who visited the island in the last
season are aware that the alterations TO the Pot
d ampe s9 Sd to 9aH5S brdSe as 70 M
thing that was practicable under the circumstances
modad9ns The popsHIlaTrty OF HgcklePerry Island
deep water swimming facilities was vastly added TO
in the winter OF l9O0O1 revealed the fact that only
S persons had Visit yistea the place so n tWenyGne
average Of forty-two a week and six a day. This
In view Of the small humber Of members accom-
modated and the dispfoPortonate expense involved
exception Of the boat and yacht houses, from No
yember until April next. depending somewhat
The business at the island during the last season
tracted rains and other temporarily unfavorabie
Gonut'ohs, ne restaurant eaF 7c ana cigar depart
should have been a substantial profit. II is be
As the balance sheet shows the net cost of admin
istering the island exclusive Of interest charges
our necessary athletic enterprises. was S26 500 30
Of administration should and can be brought down
70 $4,000 since ii only little $4,000 when
the restaurant, par and cigar privileges We're
It is a lamentable fact that some reckless or Ill
informed persons have, for purposes known
themselves, seen AZ to circulate rumors the ef-
feet that the board contemplated: or wished for,
the sale Of Travers Island, and the subordina tion
Of the athletic TO the social features OF the club
This is without a scntilla of truth in spirit
substance. No governor familiar with the history,
organization and purposes Of the New York Ath-
letic Club ever for one moment contemplated such
a thing This is an athletic club, and can never
be aught else It's existence centres in the fact
OF its distinctive purpose, and those who love 1t
be ever mindful Of that truth. But il is
nevertheless. quite as material a fact that pure
ly athletic considerations should prevail the
cost of undue financial risk because without prop
er financial resources the New-York Athletic Club
could not afford TO spend the large amount it does
the development and advancement of pure
teGr athletics.
undertake the erection of a and suitable
clubhouse at Travers Island. the project will have
more earnest supporters than to be found
among the governors
During the year IS members have died There
have been elected and qualified 353 resident, IS
nonresident and 20 junior members, The total
membership to date is SS7. divided as follows:
Honorary 7: life 476: resident 2S02; nonresident
BIZ. army ard naVY 27. iunior. 80.