The morning journal-courier., 1908-03-18
Y. M. (. A. FINANCIAL OUTLOOK DUBIOUS Trustees May Find it Neces sary to Take Over the
 Care of the Prop
 erty. FACE A DEBT OF S160,0OO Special Meeting of the Board of Di. rectors Yesterday and Another
 One 10 be Held To-
 night.
FACE A DEBT OF slso,ooo

A special meeting of the board of directors and the trustees of the Young Mems Christian association was held at o'clock yesterday afternoon in the association building to consid- CT ways and means to meet tho pres ent financial situation in which the association finds itself placed. Various plans were informally discussed but the final decision was left until a postponed meeting 10 be held this evening at o'clock.
 It would appear that it would be necessary for the trustees 10 take over the care of the property and introduce business methods for its protection. Generous patrons of the association feel that they have made all the sac riiices called for to keep the institu- ton afloat and that if it cannot be made self-supporting. or nearly so. the situation demands heroic meas ures.
 Another embarrassment which must sooner or later overtake those who as. sume charge of the association is that of the immunity from taxation as a religious body. The general aSsemhl, granted the Y. M C. A. freedom iron, taxation on the ground that it was consecrated to religious ends. If the directors decide to turn the manage. ment of the institution over to inc trustees and the trustees. who must keep in mind the interest to be paid undertake to carry on a business nd. ministration other nronertv holder, may see fit to protest against q bust. ness enterprise enjoying special priyi. leges. The situation is from ever, point of view a critical one
 One of the plans available at the present time would provide for a gen. eral appeal to the public much the same as has been done heretofore a, the renting of much more of tbe foo, space in the. association builfline f, outside parties than is at present sc rented in the hope Of getting return, | this way. It is probable that ho4h n. these plans will he combined. Tn, rents at the association building comb at least provide but small amoun toward the great debt that the asso citation finds itself facing. which ig fl | the neighborhood of sls0.000
 1 Secretary Ames said last night ina | SO far as he could see there would h. little space at the building that coul, he possibly rented to outside parties The only possible space that he coul, think of would be that on the thir, | floor. which is at present used fo banquet halls. but which could h, suitably petitionei off fo make i available for business offices. Seere tary Ames said in his opinion the bnll of the debt must inevitably be met h, ] general subscriptions and he said h, 1 thought the association situatio, would he put before the public an, the great necessity of funds would h urged as forcibly as possible. Moth ing definite was decided upon.
 One of the absentees al the specia I finance meeting yesterdav was Jobr !. T. Manson. Secretary Ames said A
 far as he knew his absence mean nothing significant It is general 7 Ercv- tkat Mr Manson. who is nresi
 dent Of the Yale National bank. ba been generously aiding the associs ton financially of late. Secretar Ames did not think that Mir. Manson
 absence yesterday at all indicate
 that he had los heart in his aim f
 better the fass,es of the association
 Continued on Third Page.)