The Birmingham age-herald., 1904-11-05
DEBT ON VULCAN ID BE LIQUIDATED Commercial Club Members Will
 Pay the $4000 $1000 RAISED YESTERDAY Committee Works Up Much Interest In the Matter-Proersss on the Mo-
 bile and West Alabama
 Railroad Is Reported.
5000 RAISED YESTERDAY

After spending several months fon ex- perimental fund-raising schemes the Com merclal club took the bit in It's teeth yes- terday and started a movement which will probably secure the amount to pay off within the next ten days the indebt- edness incurred in the casting of Vulcan. The club now owes a balance of some thing like $4OO0 the greater part of the money needed for Vulcan having been realized by public subscription.
 This matter has been embarrassing the club for some time, and 1t was decided that the Birmingham Steel and Iron com pany should be paid the full amount for It's work at the earliest possible moment The committee in charge of the collec- tion took the bull by the horns yesterday and within fifteen minutes raised 5000 of the money, and will have the remainder In the treasurer's hands just as soon as the members can be visited by Secretary Gibson.
 Chairman Nelson.
 In making his report, Chairman Nelson said that the club owed this debt, and was morally bound to pay it If the or ganization expected to continue It's work. He said that all kinds of schemes had been tried and most of them had paid. "It is now up to the club for the members to pay the balance" he said "and 1t must be done right away" MT. Nelson ex- plained in detail the work of his commit- tee and presented five lists of names that had been prepared containing names of members of the club ana specifying the amount each was expected to pay There was a $50 list, a $25 list, $15 list, $10 list and S5 list. The commit tee had carefully classified the names, and had so arranged it that the members are financially able to pay tho amounts suggested.
 After sho 7. talks by MT. Motion, MT. Rhodes, Mr. Roden, President Jackson, Mir. Nelson and MT. Jemison the club decided to see right then and there who would be willing to pay and how much. Immediately several members arose and offered to pay the amounts set opposite their names. President Jackson started 1t off by offering to pay $25O but the club would not allow this, as MT. Jackson had already spent considerable of his own money in the Vulcan enterprise. It was finally deciGed to allow MT. Jackson to pay $50 himself and be responsible for the collection of s1OO more.
 The Plan.
 Considerable discussion brought out the following plan which was unanimously adopted:
 Secretary Gibson is to personally call on the members who have been assessed All the members have the right, if they cular will be printed and mailed to all members telling them of the action of the club so that they will thoroughly un- derstand the plan before MT. Gibson ar rives. The amounts have been so class flied that every member is able financial ly to pay the amount assessed against him. The club takes the position that this is a 1ebt of honor and as Vulcan. as an exhibit at the Worlds fair has ad- vertised Birmingham immensely the mem- bers must pay the s4O00 due the casting company as there is little hope of col- lecting 1t in any other way.
 Before adjournment MT. Gibson asked all members who were willing to pay the amount assessed against them to stand Practically every man in the room arose. It was ascertained that 5000 had been raised. With this good start it is expected that the members who were not present will be equally as liberal and the entire amount will be raised as soon as the members can be seen MT. Gibson will begin work at once.
 Cotton Splnners.
 Before taking ur ae Vulcan matter President JacAson heard reports from committee chairmen. MT. Nesbitt, chair man of a committee to invite the Man chester Cotton Spinners' association to Birmingham, asked for more time, as he was unable to get in direct communica- tion with the members up to this time. Henry Hidden, chairman of the com mittee having in charge the entertain ment of the Poultry and Pet Stock asso- citation, which meets here soon, reported that one and one-third rate had been secured for the people connected with the association, but that no fowl rate had been secured.
 A letter marked confidential was read from Ben S. Adams asking that the club