The Montgomery advertiser., 1909-02-08

the Board of Trustees. In like man consrees Ss tns Would Dc the vios-Presidsnts Of the Southern ! Commercial Congress Company and the vics-Chairman of the Bosrd of
 The Board of Trustses would hcie, the stock of the Southern commercial congrsss Company. as stated. for the consress. the incoms or dividsnds de. Il rived from such stock and from other invcstments to be turned over to the
 Of shs sSsshsrn s ,s 5or sss purposes of such organization; the | Trustees. however, would hold the sAio stock and the said investments upon reason. the said southern Commercial Congress should ever be dissolved or its plans should be abandoned, then sii iSvestmsnss and all securisies sn snsssa ss,a of said Southern Commerical Congress should be thereafter administered by them for the benent of the contribu, Congress. and if . division of such as- | sets were made. then the proceeds of \ such assets held bg the said Trustees should De returned to the original ton as they had contributed to the
 The object of this wcuiG be that the srtS sS fo1 tss Ssns. hosa Of the M Southern I conmerciai Congress and for carrying out It's purposes. but if such purposes should ever be abandoned. or if the ever be dissolved. then the Trustees | would hold such funds for the benent of the original contributors thereto, ton ton of the Southern commercisi Con gress, or of the adandonment of Its purposes, the original contributors to this cause would receive back me ssuthern Ciuh. | In connection with this whole plan there win be organized in WashinEton
 club known VII as sar the sonsnsrn rooms in the building owned by the Southern tCommerciai Congress Company ana controlled, as indicated above. by the the Trustees acting for 1t. and the | agreement of lease between the two Organizations would provide for the 'yM First: That SUuI the Southern Club should continue for term of, say. | twenty-iveyears, at least, to be tenant of the building of the Southern Com
 Second: That every man who con- tributed e1.000. towards the Endow- ment Fund of the Southern Commero- ial Congress should thereby become sns | The Southern Club. in its organiza- ton and management. would be abso- arate from the Southern Commercial \ Congress, except that the contributors l to the Endowment Fund of the South srn cSmmerciai ,:s conSrssss would tSs De Southern Club: otherwise the South | ern Club will be a social organization. having a large local membership in iy or annual dues for such local mem- bership, which monthly or annual dues would serve to defray the expenses of this club. just aA the expenses of
 What Gees te .Eaeh Coztributor.
 The contributor of s1,000 to the En- dowment Fund of the Southern Com ing benefits for his contributions:
 | First: A perpetual membership in the. Southern Commercial Congress, & snnasi ni and 'ne otRer Rrsr meetings @ % of ~ the the same. This membership can be de- vised or transmitted by will, or in tSsos, osnef that sss income From Tas S,s al.Oo0. is perpetuAlly available for the purposes of fhe Southern Commercial | Congress-, and consequently this e1,000 in the Southern. Commercial Congress | and perpetual voting power.
 Second: A life membership in the opSsnigod O in washiSston sGSt SsRinE lts headquarters in the southern Com mercial Congress building.
 Third: A right to his proportionate part of the assets held in trust for the Southern Commercial Congress. should the Southern Commercial Congress ever be dissolved. in the sense of go- purposea. It that case, its funds or assets will be divided proportionately among the contributors. s
 But the greatest reason for contrib ! hn ta a Nnf fnff reason for establishing and carrying out this organized plan for the devel- opment of the !, entire South. And. concentrated effort would result In both direct and indirect benefit to. the contributor in the development and of fs ali it's resources. % @ invoiSinS n the . de- velopment and exploitation of the par ttcuiar industries and resources in which the contributor might be inter- | ested.
 The contributions will be asked for
 ssso cash. the balance of a7So being payable at three. six and nine months, bearing four per cent interest; ali checks and note. to De payable to the order of the United Unit eds states Trust Com count of the Southern Commercial l Congress, and the United States Trust l Company to issue temporary receipt I mately such temporary receipts to be surrendered by the contributor, who l will thereupon receive certificates ol perpetual membership in the Southern Commercial CongreeS and of life mem- bership in the Southern Club.
 For the immediate purposes Of or- gganization and in order tc make the washington referred to above, the pioneers in this movement are being requested to pay the entire 5000, in cash. If they cannot do this, then the contribution on the regular forms will be accepted: but it is respectfully suggested that. in Q great public
 pc ase rst ask snd s ~SS able to do so are urged to make thnIr contrib ution in cash. paying the whole 5000, so as to enable the people in charge of the affairs of the Southern Commercial Congress to make c pay ment of a10.000 on account of the pur- Shsse price of the HrSSSIs9esy Sn the on oTtn the U ssth of feSrasry. 1;TOS and ~ of the balance of the purchase price on or before November 31st. 1909. The prop erty was acquired at the price of o23 per sQ. 9t, aRgregating--&500 beine payable In cash (which has already been paid). s10,000 additional on or
 before the 10th of February, 119Os 3ss.ooO additional Sn Ssa. or before the the ance on or before the 21st of N0vem-
 The necessary charters and papers carrying out the plan outlined above are being prepared. The forms of notes for the subscriptions will be the Executive Committee. of the l Nsfnanna COnmftkAA to fha Ghairma n