The daily appeal. [volume] (Carson City, Nev.) 1906-1907, 1907-01-15
|THE MINERS ASSOCIATION

Tho Firm of D. r.. BernhAm Z Co. |
eubseribed Ten Thousand Daliare |
he proposed Internationa, Miners
Association first advocated by the
Appeal is attracting attention all over |
the country.
The following letter speaks for it.
SO
OFFICE or o. A. sURNHAM 4 CO.
Architect Merchants
Exchange oido., ean Francisco
SAN FRANCISCO. January 8, 1907. !
Mr.. Samuel Davis, Carson City. New.
DEAR SIR: am very much inter
ested in the project Of a Millionaire
Miners Club in Oakland or any other
place. I would like to suggest to you
that while you are organizing it, it
will be easier for you to get lot Of
the present crowd of multi-millionaires
to subscribe $4,000 or $4,000 each for
a life membership, which would en-
title them to non-payment Of dues
and insure their future patronage of
the club. propose this in II seri-
business and also favor the location
Hof such a club in Oakland.
We would be very glad under these
Icouditions to subscribe $4,000 for
life membership. Such life member
ship to be non-transferable, of course,
and not to carry with it any equity
in the ownership of the building Or
property. Such ownership to rest
always with active members, whose
way. The purpose of this restriction
being to encourage the maintenance
Of the club by active members. Our
offer to subscribe $1,000 under these
circumstances is also limited to the
condition that the building will cost
cost 100000. and the furnishing
thereof 100000. This sum is not ex-
cessive at all, as the Metropolitan of
New York, the University Club of
y York and the Union Club of New
York each cost more than. this sum.
e The Metropolitan Club building alone.
!. cost $1,250O 900; the University Club
J. building proper cost 100000 and the
Y furnishing $280,OO0. The University
Club of New York is really poor
q mans club. 1t is supported entirely
II project Of a club OF 1000 members
n by 1000 members and the dues are
d. believe about $40 quarter: You1
project of a club with an annual dut
S. of $3.50, would give you an assured
IN income of $25O,OOO a year, which is :
ut far larger income than any club re
& qures for maintenance of the highes
ne class and a culinary service in keep
1e ing Herewith One thousand sub
d. scriptions of $1,000 each would Civ
n you a working capital of $1,0O0,OOi
re The real estate, carrying charges, "a
ne torney, architects and other fees, an
ct interest while building. ETC., includin
insurance and taxes would cost pc
ed haps s125,0OO. You ought to secure
se block of land in a desirable locatio
nd in Oakland for not more than $125,0I
ne more YOU therefore, would begi
with debt of s25O,00O The intere:
against the interest on life membe
OIL ship and regular annual dues. ar
as should be paid off within a period NJ
on this would easily be kept up, ar
with a sinking fund could be charge
'oo exceeding ten years.
NV Such, building. vhich would az
so greatly to the commercial pr.
Nv Nv tige of Oakland and indirectly being
wv vast benefit to the business of S;
900
ON building of the very highest type
architecture. I am afraid that y
ooo may construe this letter into a soil
noo tation on the part of our firm for t
commission % build this buildi1
ooo Kindly relieve your mind at once
5oo any such impression. We have und
constructor at the present til
sso buildings amounting in total cost
ooo nearly s10O,OOO,0OO. so that me
81 900 O0O-club house would make We
oAO little difference in the volume of {
500 business.
Our offer is a legitimate one a
900 regardless of who your committe m
900 select as an architect, we have enou
faith in the enterprise and believe Il
800 it will benefit us sufficiently to Just
900 our subscription to life membersf
Our firm under no circumstan
800 would enter into competition for
200 design of such a building.
the Very truly yours,