The Cairo bulletin., 1905-10-26

each month, or $f10,0O during tn
year we have carried forward a dcbi
balance of only S25909 If we had re
Trained from laying aside the S62.5l
per month during the past year. ant
had paid the $25909, debit balance
we would have had a surplus, in round
figures of about $4,000. Instead OF
doing this, however, we have each
month laid by the $G250, which accu
mulated for the year as has been said
amounts to $4,000. This $4,000, on
deposit in the b. & L. Association, was
earning interest for MS all the while,
as $4,000 each year has done, which
interest has increased perceptbly the
stock in its value.
1t is estimated that the dues from
the absolute members obtained will be
sufficient to avoid future shortage
! with the l27 members we now have,
and the members who have obligated
themselves to join the club there will
! be. if tho project 10 carry the club
| house scheme is successful, q club
membership Of about 16S, which would
produce an average income Of over
81 100000 for the maintenance of the
club house, after its erection. The mi
alton fees alone, Of the new mem
bers, who have obligated themselves
10 Join The club. would amount TO fully
$4,000, which has not been considered
a all in the estibate made above
which sum, by itself, you'd more than
pay the present shortage ana leave a
surplus of nearly 10000.
From the present showing it is
quite manifest to the committee, that
there is no necessity for dissolution
of the Alexander Club, for financial
reasons, as a social club, with such
d sets, is rarely found in "a city the
size OF Cairo.
The chairman of your committee
has had meeting With the permanent
committee for the selection of site
fer the club house, and prices on sew
eral locations have been applied for
and there seems 10 be nothing in the
way Of the committee on the location
OF a site, arriving at an early con
clusion, if this club shall so direct
Your committee are of the opinion
that the Alexander Club can be put
in good financial condition, and that
10 is practicable, to AT once enter into
consideration OF the question of the
erection of a club house. and they
therefore recommend for adoption. the
following resolution:
Resolved. That tho Alexander
Club become one of the permanent .
Institutions Of Cairo, and that a com
mittcc Of ten, Of The members Of this |
club be appointed. by the president.
70 consider the ACCESSIBILITY of erecting
4 new club house 10 act in commune
lion with the perman nj committee on
he location Of site. and TO make
ecommendat on Of a plan Of prOce.
lure. at the annual meeting OF the
Alexander Club.
All of which is respectfully sub
nitted.
MILES FRED'K GILBERT
Z. G.. PINK.
CHARLES FEUCHTER, JR..
T.. 4. BURKE.
EDWIN MORROW.
LEO ! KLEB.
HENRY GILHOFER.
J W WENGER.
LEWIS W. COIN.
WILBUR THISTLEWOOD
Mr. Gilbert, offering the resolution
iron behalf Of the committee. moved
= adoption a substitute motion was
by Capt Thistlewood tn
able the resolution until the annual
rceiiur .cer'uisd frr IS. ~~7Ier 10th
ut the substitute motion received but
Ittle favor and only four members
.oted 20 defer To original motion
arIying with it the ao-cD.ance Of the
ommittees report and declaring Alex
nder Club a permanent organization
rss then CARED with but few oppos- ,
lg votes.
4 vote Of confidence in the present
Governing Board vas then carried by
rising vote and the meeting declared
diCurned q