Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-05-15
Committee Organized and
Campaign Opens.
AMOUNT SUBSCRIBED
OVER $4,000 CERTAIN AND
$ss, 900 PROMISED.
Commissioner West Explains Incorpor.
alton Law-Plans for Increasing
the Subscriptions.

| The meeting of the Washington Audito-
rum Association held today at the New
Willard Hotel was productive of that con-
sentative enthusiasm characteristic of all
good, healthy enterprises. A permanent or
ganization was effected. officers were chosen
and the campaign for 100000 inaugurated.
| committee of five will be appointed to re-
port on a site for the proposed magnificent
auditorium, and Commissioner Henry l..
| West, who has had the matter in charge,
reported that more than $4,000 has been
| subscribed and additional $685. 900 already
promised.
The campaign slogan was sounded by Mr..
| George E. Hamilton when he declared 1--WE
| should lose no time. We should do 1t now.
| II we determine to do it. it shall be ac-
| complished"
There was general discussion concern
ing the policy to be followed In perfecting
| the organization and dsposing of the stock.
resolution, introduced by Mr.. Hamilton,
was adopted, reciting that 1.-The officers of
| this committee be authorized to prepare
| subscription books for the purpose of Sc
| curing subscriptions for stock in the Wash
ington Auditorium Association, the number
| of said books and the places where they
shall be accessible to be determined by the
| officers of this committee; the amount of
! capital stock to be fixed at $500 900. for the
4
| shall have been subscribed, this sum to be
| increased to $1,O00,0O0.
The Incorporation Laws.
Mr.. West explained that a close examina-
| tion of the incorporation laws of the Dis
| trict of Columbia showed that all of the
| capital stock Of a proposed corporation
| must be subscribed and one-tenth paid in
| before Incorporation papers may be OBJ
| tanned. In view of this fact 1t was decided
| to incorporate first for 100000. Within
the next two or three days call will be
| issued to the citizens of Washington to
| purchase the stock, 10 per cent of the par
| value to be paid in cash and the balance
| upon the demand of the board of directors.
| when 1t shall be necessary for the purchase
| OF the site and the construction of the
| building.
| Mr.. Charles c. Glover was named as
| treasurer and was authorized to open ac-
| counts with the American Security and
| Trust Company the Washington Loan and
| Trust Company. the Union Trust Company.
| and the National Safe Deposit. Savings and
| Trust Company, in which to deposit all cash
| subscriptions, SO that the money thus re-
ceived will draw interest Immediately, and
| should the project fail, stockholders not
| only will receive all their money back. but
the interest. too. Mr.. Louis c. Wilson. pri-
vate secretary to Commissioner West, was
| chosen secretary Of the committee.
| Opening Statement.
|
| West said:
when, less than ten days ago, the citi
zens' committee of one hundred assembled
| for the purpose OF discussing the ques-
| ton Of erecting in this city modern and
! capacious auditorium, the attendance and
enthusiasm then. manifested was most
I gratifying. The initiation of the enterprise
4 under such suspicious circumstances has
been followed by a prompt and generous
response far beyond the expectations of
| Interested tmDOr-
| tant public matter.
ut is my great pleasure to report this
morning that. without any especial solicit
| tation and without the opening of SUBJ
| scription books or any organized effort to
! raise the amount necessary for construct
| ing the proposed building, the auditorium
| fund today reaches the total of SIP, 1000
| The public spirit and generosity thus far
| manifested Is largely due to the fact that
the necessity for building suitable for
| mass-meetings, conventions, concerts and
| other musical festivals. horse shows, etc.,
| is universally recognized.
1.-The first meeting of this committee au-
| thcriZed the Incorporation of the Washing
| ton Auditorium Association with capital
| Of $5OO,OOO. An examination of the law
passed In the closing hours Of Congress,
| which amended the code relating to incor-
porations in the District OF Columbia.
| shows that 1t is now necessary for all the
| capital stock of corporation to be sub
scribed in good faith and one-tenth of the
capital to be paid in before the recorder of
| deeds Is allowed to record the articles or IN
| corporation In his office.
| This law has made 1t necessary for US to
| proceed upon different lines from those
| suggested at the former meeting. 1t is now
| requisite for US to secure the largest
1 amount CT subscriptions possible in order
| to certify the recorder of deeds the fact
| to certify to the recorder of deeds the fact
| that the capital Of the proposed association
has been subscribed in good faith.
| Object Of the Meeting.
This meeting is called this morning for
the purpose of acquainting you with the
| conditions which exist and to ask your
| favorable consideration Of proposition TO
| open subscription books in various sections
| of the city. and also to consider plans for
| an organized canvass for funds and to
| place the capital at 100000. Without
question this movement for an auditorium
| association is one of the most popular ever
| inaugurated in Washington. and bids fair
to result in complete success
The fact that Mr.. Charles c. Glover,
| president OF the Riggs National Bank, has
| consented to act as treasurer, and that he
has made arrangements to deposit aii
| money subscribed for stock with the local
trust companies in order that 1t may re-
| ceive interest from the time of deposit
| and thus be a source Of profit to the stock
| holders while the subscriptions are being
| obtained will assure the public that the
| finances Of the association will be admira-
bly, managed.
Not only does this enterprise appeal to
| the local spirit. but 1t Is peculiarly crafty
| ing to know that men who. by virtue Of
| their position. have an interest in the
| national capital are glad to lend their aid.
| For instance, one OF the subscriptions of
| S. 900 is from Senator Wetmore of Rhode
Island, member of the appropriation
committee and one of the subcommittee
| which has charge of the District Of Column
| bia appropriation bill in the Senate. The
| influence Of such men as Senator Wetmore
contributes largely to the success OF the
undertaking.
Others Give Approval.
| Mr. Vests conclusions were indorsed by
Messrs. Hamilton. w. Riley Decide, John
| Joy Edison. George Truesden E. L. Morse,
| Commissioner Mcfarland and others. Mr..
] Glover said that what was needed was that
everybody should put their shoulders to the
wheel-that each present subscriber should
constitute himself a committee of one to
l get suhScriptions al..si.