New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-10-16
URGES MUSEUM WING
FOR ALTMAN ART GIFT
Slower FavorS Asking City
for Funds Necessary to
Erect Addition.
S45O,OOO ESTIMATED COST
Trustees of Altman Founda-
ton" Will Probably Draw
Plans Monday for Admins
tration of Incorporation.

Robert W. de Forest. Vice-president and
secretary Of the Metropolitan Museum OF
Art. said yesterday he had not heard the
report that some person might give the
funds necessary to erect an addition TO
the museum to accommodate the Altman
collection. but he Immediately followed
this statement by the remark that any
such proposal would be seriously consid-
cred by the trustees Of the museum should
II be made As was told I'm yesterdays
Tribune, there has been a rumor that a
private gift might be made to erect the
necessary wing for the collection.
Park Commissioner Slower. who is an
ex officiO member Of the trustees, said
yesterday he. for one, was IN FAVOR OF
asking the city authorities for additional
funds for another wing The sum OF
s750.00O was recently set aside for the
wing TO hold the Morgan collection. The
latter is TO be a double wing. while the
Altman collection could be placed in a
wing the size OF addition II. which cost
about S450,000.
Mr. de Forest said that at the meeting
Of the trustees next Monday it was cer-
tain the Altman collection would be ac'
copied. He thought also the name Of
Benjamin Altman would be placed among
the thirty-two benefactors of the institu-
ton. The contribution Of $4,000 is the
requirement stipulated to become a men,
Der Of that class. but most Of the names
represent far larger donations.
List Of Thirty-two Benefactors.
Among the thirty-two benefactors are
J. Pierpont Morgan, Jacob S. Rogers
Darius o. Mills. Mrs. Russell Sage, John
Stewart Kennedy. John Jacob Aston. Cor
nelius Vanderbilt. Francis l. Leland,
Junius S. Morgan. William H. Huntington,
Joseph Pulitzer and Henry b. Marquand.
THE time has come" said Park Com
missioner Slower yesterday. when this
city should do everything in its power 70
complete the Metropolitan Museum of Art
along the lines planned. 1t will eventually
cover twenty acres Of park land. but the
ground can well be spared Anyway
these twenty acres will be more than Off
set by the addition Of the thirty-two acres
now devoted to the lower reservoir In
Central Park. Sooner or later this will
become park land"
Definite plans for the administration Of
benjamin Altmans will regarding the in
corporated altman Foundation" will
probably be drawn at a meeting Of the
trustees to be held Monday. The trustees
and incorporators are Michael Friedsam,
president and head Of the firm of b. Alt
man 81 Co; George r. Read, Bernard
Sachs. Edwin ]. Steiner and Edward J.
Hancy Mr.. Altman's name stood at the
head Of the list of incorporators as its
first president
The charter Of the Altman Founda-
ton provides for the creation Of cor
porate body receiving and maintaining a
fund or funds administering the same
and applying the principal and income
thereof. and either of them. to promote
the social. physical or economic welfare
and efficiency Of the employees Of b. Alt
man & Co.. New York corporation, by
such agencies and means as from time TO
time shall be found appropriate there
for"
The financial aim OF the foundation IS
4 described by the charter as follows:
1.-The corporation hereby formed Is not
established and shall not be maintained
or conducted for pecuniary profit. or for
the pecuniary profit Of its members, and
no member Of the corporation shall be en-
titled to or shall receive any such profit
provided. however, that reasonable COM
pensation may be paid TO an officer or