Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-06-07
PLAN FOR PERMANENT HOME
MEMBERS OF CHAMBER OF COM
MERGE ACTIVE.
Subject Discussed at a Meeting of
Committee on Building Yester-
day Afternoon.

the proposed Chamber of Commerce build
ing were submitted at meeting of the
committee on building of the commercial
organization held yesterday afternoon. At
the conclusion of the session it was stated
that no decision had been reached. The
committee will hold another meeting next
Thursday afternoon, and in the meantime
the members will consider ways and means
for raising the necessary funds for the
project
A plan was submitted by Richard E
Claughton of the United States Trust
Company. which presented several modi-
ncations from that offered at the last meet
ing OF the committee by r. ~ Harper Mr.
Ciaushton would have the membership in
creased to 100 members, each of whom
should pay an initiation fee of slCD with
.lie understanding that such fee is to be-
come part of the building fund. Mr.
Ciaughton stated that he would guarantee
TO bring into the chamber two members be-
Slde himself who would come in on that
basis. He said that If the other members
OF the committee did as we'll the fund would
be quickly raised
Negotiation of Loan.
The second step in Mr. Claughton's plan
was to borrow $780, to be secured by a
first mortgage upon the property. This he
sald' would erect the building, and the
mortgage could be gradually paid off from
tne revenues of the building and the an
nual dues of the chamber
among the details of the building nro-
posed by Mr.. Claughton was a large hall
III the second story, which should be used
as the meeting place of the washington
st t eNchange, and for a supplemental
s sa exchange which. he said would be
l aol neo IN washington in the near future
Inns nall could be used also for the nuhJic
meetings of the chamber Mr. Claughton:s
pan provided a considerable annual reve
w. ,ue with which to retire the s3UU. 900
PRESIDENT Harper also presented an
anendnent to his plan, in which he gave
~ i' ti 1acts relative to the revenues of
the building, and the plans for selling
oohoS or preferred stock to meet the loans
"nIch he proposed to place upon the
property. po'' TIC
Two Propositions Submitted.
MT Harper stated that since the previous
meeting of the committee he had received
TWO propositions from thea trical firms Of
ierlhS 10 make use of the ground floor of
the proposed building, provided it should
De erected in location suitable for such an
enterprise. One of these propositions guar
anteed an annual income from rental of
se2,Wo, ana the firm Offering it agreed to
lake Sloo,OO0 in the bonds for the erection
OF the building. The other theatrical prom
osllon was not described in detail.
Turing the meeting the proposition was
discussed in its various phases by Presi-
dent Harper, A. Lisner. r. H. Goldsbor-
ough, Frank Milburn, Thomas c. Moves.
Monroe Luchs and Charles j. Bell.
IL was determined. in order to have the
facts before the committee to correspond
with the officials Of similar ORGANIZATIONS
in Buffalo. Cleveland. Cincinnati Column
bus, st. Louis and Baltimore. and learn
from them how their buildings were
financed.
Excursion to Jamestown.
The Chamber of Commerce committee
having charge of the excursion to the
jamestown exposition also held meeting
yesterday afternoon and went over the de-
tails of its work. 1t was decided that the
hour for leaving Norfolk on the return trip
should be changed from 7:3O to pm
President Harper said that he had invited
the officers and directors of the Norfolk
board of trade and the Business Mems
Association to attend the District day ex-
ercises at the jamestown exposition as the
guests Of the District jamestown commit
tee.
Chairman Brown announced the names
of the following guests as invited to ac-
company individual members of the cham
Der upon the excursion: Justice Clabaugh,
Chief Justice Shepard, Justice Ashley NJ.
Gould. Justice D. 7. Wright and E H.
Thomas, attorney for the District of Co
lumbia
Committee Authorized.
Chairman Brown was authorized to ap-
point a committee of three to frame and
transmit formal notice of the excursion,
with a detailed program of the arrange
ments. to the members of the chamber.