Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1909-12-03

BUSINESS MEETINGS TO
REPLACE SOCIAL EVENTS
Limit Placed on Indebtedness
Which Organization Shall
Contract Dues TO Move Auto
maticaIIy.

The Albuquerque CONNER lal club
is getting down 70 business.
With the thirty-rive thousand doll
lar loan from the Pacific Mutual Life
| Insurance company as bisls the
club has laid out financial policy
which assures that il will keep GU. oi
debt and remain on a sound business
basis Everything from now on is to
be strictly business Social events
are to be replaced by business meet
ings; the club will devote itself to the
upbuilding OF the city and enpirons,
Indebtedness Is to be kept under 4
certain limit useless and delinquent
members are to he eliminated and
the members Will have an incentive te
strengthen the membership by an ar
rangement whereby the dues are to
be- automatically regulated to meet
the demands
The club directors held an import
aat meeting last night. II Was a
meeting husinesslihe in every partic-
nlar and spoke eloauently Of the new
3olicy whereby the club Is to regain
its old influence and effective useful
ness in the community Following
several previous meetings ana con-
ferenees with a special committee tho
club last night adopted the following
rules 60 govern the organization, rules
Mh& Include "a radical departure hl
mary ways from past policies Tire
resolutions adopted were as folioNs
That the committee with such
other club members as IL may call TO
Its assistance. shall can for subscfip-
tions to eight percent second mort
gage five year bonds on which inter-
est shall be payable quarterly. and
which shall be redccmable separately
or collectively at their face value ON
amy interest paying date.
THAT tiferc be substituted for the
alternate Wednesday night dances.
business meetings To consider any and
all matters brought up by the mem
bers that may he present at said
meetings an such considerations to
be subject to the approval and final
action of the board of directors.
THAT AS the cash revenue received (
from dues and fees for the past
twelve years has averaged $6,Sb5.0 90
per year, and during that period the /
club has kept up all its expenses and \
paid Off about $4,000 per month on
old debts, il IS believed the 81 zoo ga
"A year revenue to be provided from .
the source as safe amount 10 base
future requirements upon: hence reg
ular and associate membership dues
shall automatically change IN re-
sjlC use to whether or not the ave"1gn
cash income that may at any time be
coming In from this source shH'l b"
above or below the 100000 per
month, the belief being that unlnr
this method all members Will be in
terested in securing other members In
order TO reduce their own dues.
That whenever the club for any
cause whatsoever shall be in debt
over and above mortgage indebted
ness in any sum in excess Of Xl,0oo,00 .
it shall be the duty of the president,
or in ease of refusal or Inability on
his part 1t shall be the duty of the
committee to call meet
ing OF All members Of the club for
the purpose of adopting such rulcs.
plans or changes as may h. Doomed +
necessary to lqutdatc all such IN
dehteducss.
That all club committees shall att
tend and report to the regular
Wednesday night business meetings at
least once in every quarter what has
been accomplished hN said committee
and failure of any committee member
'or any cause except illness or absence
Wednesday nights when the commit
oe which he may hc "a member of
should have reported shall aUtomati-
ALLY operate to make a change in
such committee by dropipng the de-
inquent ana thc appointment ot an
1ther member hy the board Of dircc-
ors the object being to eliminate
lun- workers until all committees shall
De- on an active working basis
That two members of the editorial
staff or each daily paper and one
member of such staff of each weekly
,aper VA the city of Ahuqurrque, ,
hall. ht >irtue of such position hc J.