Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1910-10-25
Handsome Modernly Appointed
Building to Rise Within a
Year on Lot South of
Harper House.
SELL BONDS TO MEMBERS
Local Banks to Assist in Financing
Project, Taking First Mortgage
on Property-To Consum-
mate Merger.

Within the next 10 days It is expect
posed new home Of the Rock Island
Club, just TO the south of the New
Harper cafe, on Nineteenth street, will
be closed, and from that date the de-
tails for the erection Of the building
will be fastened with all possible
speed, with a view TO having the quar-
tiers prepared for occupancy during the
coming year.
While there has been no lapse in the
working out Of the Club undertaking,
there has been some delay due to
reaching all Of the life members of the
organization, those having a financial
interest in the property on Sixteenth
street, which has been sold TO the Roy
al Neighbors of America. The society
temporarily is holding only a contract
for q deed TO the property. This ar
rangement is in force pending obtain
ing TO a deed the signatures of all the
Club life members. AS soon as these
have been secured the purchase price
will be paid over to the officers OF the
Club. and the option on the new site,
now owned by Charles McHugh and
J. E. Montrose. taken up. Messrs Nc
Hugh and Montrose have put a price
of $4,000 upon the property. This is
considered a reasonable figure, consid-
ering the advantageous location Of the
site and its adaptability to the require
ments Of a club house.
Members Buying Bonds.
The plan OF financing the new Club
house has all been determined. The
Club will pay cash for the Nineteenth
street site. The banks OF the city will
advance funds for building on a first
mortgage to be given on the whole
property. The balance OF the sum
needed will be raised by the sale OF
second mortgage bonds TO the mem
bership OF the Club. Already a num-
Der OF these second mortgage bonds
have been pledged among the member
ship. II is aimed to interest finan-
ciaIly every man belonging to the or
ganizaion, following out the idea
adopted in many cities with modern
club homes such as is proposed in
Rock Island.
Pending completion OF the perma-
nent home the Rock Island Club is
quartered in the Best building, and Is
comfortably and conveniently stu
ated.
The Club will be given added
strength by a merger with the Rock
Island Business Mems association, a
move that has been under considera-
ton for months, and which will be
consummated at an early date. year
ago the Moline club and the business
mems association there were consoli-
dated. and the arrangements has prov
en- most satisfactory, giving a single
organization OF business and profess
sional men that finds itself enabled/to
do doubly effective work as against the
former plan of two separate bodies.
In Closer Alliance.
The merger there, as it will here,
has brought the business men. the live
wires of the community. in closer ALI
ance and TO a better understanding and
of one another. Under
the merger advocated here the bust
ness mems association will maintain
an auxiliary for the consideration Of
matters applying TO the business af-
fairs and not concerning the whcA0
merger membership. This idea has
been adhered to, and very satisfaceor
lily so, in Moline.