New-York tribune., 1904-10-21
CI-y-Stocks closed strong.
rgF BPooEEYy ACADEMY oF MISC

IEE 5EJpALlN 4CALE48 OF ~ SIC.
Forty years ago the citizens IF Brooklyn had
the public spirit 10 raise 100000 70 build an
Academy q Music. Brooklyn then had less
than $4,000 Inhabitants. while now Il has a.
most million ar6 e tE-t TIE difference be
tween rs wealth -len and now Is vastly greater
than this difference IL population would suggest
The same amount If civic pride generosity and
interest IN rLe things which such an institution
promotes would. Z il Pe-Ys6e6 the community
today, easily h-i-g together rwo c. three mill
1cn dollars to- slch 2 public enterprise. The
burning q the Academy q Music last year de-
prived The people of that important centre q
social political and artistic life which an earlier
generation had provided fer them. and purs 70
TIE tesr their on1 enterprise snd public spirit
We have e-v2vs r1o-~-t Il unfortunate that
those who had succeeded 70 TIE ownership of
the property or tgl-a-ly dedicated 10 semi-phisn-
thror.c purposes were AFTER tie IRE rot content
70 realize less completely than they did the
great Increment n Tie value of the Academy
pl5t Il they had been willing TO devote sun
further small p2rt q rae property 10 public
uss- EA-le selling snd dividing Up the profits
On Ire resi- IT Tie aid of other subscribers
cheaper lands adjoining might have been Sc
cured, a16 an Academy admirably situated
with entrances IN both Montague ana Rersen
sts- mighs have been built Other counsels
howeve-, prevailed. Il has been necessary 10
undertake the work from the beginning. raise
al TIE Doney required. and face the question
~ az enTirely new site A booy-of citizens have
been for some months working 10 that end
They have made substantial progress IN secur
ing subscriptions 10 tie stock cf new com
psny. and Il now remains for the general public
70 take hold with them and push tie ente-prise
quickly 20 success
Tie plans contemplate the purchase of 8 Mot
-o1 by 5t9 fee- ia g central location accessi-
he from all parts = me borough. srd re e-ae-
-oo q building 70 contain large han cana
bic a holding three thousand persons. and
smaller one 70 accommodate one rhorssnu mar
sons il addition 4 -le public interest p-oviies
su-nc.e-I funds bslQue1 hall with suitable
.fplrtenaDces, VIII be included together with
& ballroom, and suites ot c15oes and stu6ios
Which VII bring .n revenue. To CARY. out this
plan 10000 r needed. This Is 10 be -erre-
sen'ed By ten thousand shares of 500 each On
which Z Is believed reasonable dividends viii
De PAID II IS figured that Tie rentals or the
o.lces ana studios contemplated n he nlan AZ
eaH ne prevailing rates and 81 income from
the auditorium no larger than was earned hv
ne 90 Academy would produce z fair dtvi
cenc, A corporation has already been formed
q which e1-AIsyor Charles 4. ScliereD : cbss--
IEn. snd an executive conmirrse bes6A5 hv
Colonel Wills L. Ogden has been actively a.
Work for some months. Already .S5o0 600 b.s
been subscribed by s45 persons. ana ,r q n -
hoped, fcr tie sake q Bro3klyn. mar rhe res,
q &c STOCK VII be taken ss soon SIS the public
sppeal Is aEce
4hs present political campaign brings sharp