Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1911-04-16
SUBSCRIBERS
MUST PAY
!. NJ. c. A. Reminds Them
Of Obligations
WILL TAKE LEGAL ACTION
Finance Committee of Asso-
citation Will Notify Delin-
quent Subscribers to Set
tie Before the First Day
Of May.

a notice will be issued during the
| week by the france committee of the
| Y. NJ c. \. To the delinquent subscrib-
ers to the building fund which was So
/ licited in 1907 for the erection of the
! present association building. TO the eff
/ feet that unless their subscriptions are
settled either by cash or note b. the 1st
! of May the subscriptions will be placed
! i'm the hands of an attorney for collec-
! ton. This action viii be taken on ac-
! count Of the territorial statute of lin
/ itations which outlaws any debt run
/ ming over four years time. unless
/ judgment has been found against the
/ debtor before the date of expiration
| Under the statutes the first payments
/ Of all outstanding subscriptions to the
/ building fund will outlaw on May 10th,
I 1911, and it is the intention of the
finance committee TO take action
against any who fail TO redeem their
pledges before the first of the month.
out of the 1919 original subscribers
To the building fund. all have paid in
fun. or made part payment. except POO.
who have manifested no intention TO
Turn over the amounts Of the subscrip-
tiOns. The sum outstanding is approXi-
mately S35, 00p. and the financial condi-
ton of the association is Sucn at the
present time that il is incumbent upon
the finance committee to hold the sub
scribers 10 their word. a number have
refused to respond to a personal solicit
tation for funds, and have made no re-
ply 10 repeated notices of subscriptions
over due, and a few have venUured to
Irepudiate or ignore the legal obligation
involved in fixing their signatures to
the subscription with the promise u
contribute a certain sum TO the build
ing fund. II was necessary for the
committee to obtain u loan for the
amount Of outstanding subscriptions
last January to discharge the obliga-
tons of the association. and the mem
bers who have been given the reSpon-
sibiiity OF looking after the financial
interests OF the institution feel that
there is no alternative offered, and that
the association is entitled 10 the sub
scriptiOnS. and must have them
The action of the finance committee
of the Y. NJ. G. 4. in taking such action
offers no surprise to those who read
the last annual report of b. \. Fowler,
the president of the Young Mems
Christian association. submitted on the
10th of January. After describing the
difficulties under which the association
had struggled to erect the recently
completed building, Mr. Fowler said: Il
need not picture TO YOU the present
conditions. You know them in detail,
and You are well informed as TO what
we have TO face i'm the immediate fU-
ture. The collections during all these
years have been slow, yet sufficient I'M
Ill quite recently to meet our current
expenses and Indebtedness to the con-
tractor. But since last summer, and
for the last six months practically NJ
collections have been made. In the
meantime obligations for equipment
and payments to the contractor have
fallen due. We have today about $685.
600 Indebtedness, and as offset to this
about $4,000 unpaid subscription"
In another paragraph Mr.. Fowler
said:
The time has arrived to inquire what |
is the value Of these unpaid pledges. |
The association. relying on contracts I
totaling oyer $1O3, 0OO-which we're Civ /
en- and received in good faith-has pro- !
CttAeQ 70 construct CommOulOuS !
building, fully equipped, up-to-date, /
and peculiarly adapted to Y. NJ. c. A /
work, and in so doing has incurred /
heavy liabilities, which now demand /
early payment"
Il is hoped by the committee that it I
viii not be necessary to take legal /
steps to collect the unpaid subscrip- |
tons, and it is expected that with the /
necessity of the institution placed fairly |
before the subscribers, with their own
to redeem their pledges, /
there viii be no trouble in bringing the
amounts into the treas
Iry Of the association.
The members Of the finance commit
tee Of the Y NJ. c. A. are Lloyd B.
Thristy (chairman), cashier of the VAL
ley bank; c. T. Hirst, of Dwight b.
Heard company; F. II. Mitchell, su-
perintendent of the city street rail-
ways; r. b. Burmister, cashier of the
Phoenix National; II. r. Wilkinson, of
he law firm Of Chalmers & Wilkinson,
and Fowler prpci1anr and NOM