The Washington herald., 1909-03-21

Any doubts that might have been en-
te.tained as 20 the prospects Of a new
home for the University Club were en-
tirely dispelled last night in the business
statements made al smoker and rally
at which the members OF the club gath
cred 10 discuss the question
Nearly $4,000 has already been sub
scribed, and there is much more in sight
Ii is estimated that the cost OF lot
building. and furniture OF the new home
viii amount 10 $4,000 and nearly one
third OF this amount is already subscribed
In their business statement 70 the meet
ing DR. David T. Day. vice president OF
the club. and II. Bradley Davidson. OF
the building committee. emphasized the
fact that there would not be the slight
est difficulty I'm raising the money.
What they wished. they said. was th1t
every member of the club would SUBJ
scribe for a share of the stock, so that
the clubs new home would be- built by
the members and not by "a few business
men in Washington. who were quite will
ing TO supply any money that was neccs-
sary.
Financial Plan sound.
Mr.. Davidson reviewed the financial con-
dition Of the club. and showed conclusive
Is that the plan OF financing as adopted
by the club was thoroughly sound. and
that the subscription for the stock was
really an investment. which would bear
per cent interest from the date of signing
the building contract Those who sub
scribe for the stock Will pay - per cent
upon demand and the remaining amount
in TWO equal instailmcuts at the end of
three and six months
Dr. Day related his experience in solicit
ing subscriptions and cited as an eX-
ample "a business man OF Washington who
offered 10 subscribe 5000 even though
De- was not member Of the club Many
others he said. had offered large amounts
but ne thought 10 should DE the policy OF
the club 10 distribute the stock In small
lots among as many Of the club members
as possible.
Before letting the contract for the new
building the club membership IS % Do
increased 10 so and $4,000 of the capital
stock is 10 be subscribed for The pres
ent membership is nearly 200. and there
are nearly nfty applications Tor member
ship now on file.
Entertainments Enjoyable.
Business affairs By no means occupied
the entire evening The entertainment
committee. under charge OF Claude n
Bennett. assisted by N. O. Leighton and
John JOY Edison. jr.. had prepared m
elaborate musicdl programme as the malr
feature Of the smoker.
Mat Horne sang several songs and re-
lated humorous stories. which were mucf
appreciated. The songs Of william Ga.
baugh. barytor-a, were roundly applaud.
ed and called for numerous cncores. Mai
Alfred J. Stofer. who was a guest or IND
club. added 20 the merriment OF his host,
by several selections and entertaining
yarns. IT. Y. TUlloch led in the Prince
ton songs. and all present Joined in the
choruses with the fun spirit OF old COLES,
days.
Wallace Mclean. who had general sI.
pervision over the musical programme
received many congratulations FOR the eX.
ccllent entertainment he had provided
One Of the features Of the evening was
the reading Of a poem by Claude " Ben
nett entitled The AbSent-minded Club
man written with apologies 10 KipIng
by Miss Harriet r. Graves. who Offered
il as "a contribution 10 the building fund
OF the club The contribution was ac
Cepted by the club members with hearty
applause.