The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-02


the share.
This is to be a public, not a private
enterprise. THE NEW YORK GOLF
PARK IS TO BE OWNED BY THE
NEW YORK PUBLIC. This is a case
where the public will really own every.
thing and make money out of it.
At least $500, 900 will be required
this year for these purposes:
/. To make payment of $15O.OOO on
the property July 1. 1916.
.. To construct three 1S-hole courses
and have them ready for play May |.
1917.
3. To build and furnish the Massa.
pequa Players Inn.
4. To provide for organization OK.
penses, interest, taxes, management.
etc.
ALI. MONEY RECEIVED FROM
TIE SALE OF STOCK WILL BE DE-
POSTED IN THE NEW NEITHER.
LAND BANK, al West 34th Street,
New York. WHICH WILL ALSO ACT
AS REGISTRAR OF THE STOCK.
6Ocs of all money received will be ap.
piled as payment on the $780, 900 mort.
gage until it is paid i'm full.
400 of all money received will be ap.
piled to developing the Golf Park.
There are abundant assurances that
sufficient stock will be sold within q
very short time to permit the work of
development TO start not later than
May LIST. There are indications that
the stock will be taken both by en-
thusiastic golfers. who want a golf
playground of their own. and by in.
vestOrs who see the possibilities Of a
good return on their money.
The advantages that will accrue 70
stockholders are:
]. They become possessed of a
valuable property at once, which
will materially increase in value as
the development progresses.
2. They acquire golf privileges
where they can play whenever
they wish and pay as they play.
without initiation fees or annual
dues.
). They become owners of stocK
that will pay them a dividend the
first year the Golf Park is open for
play:
We have Il precedent to so by in the
matter OF estimating profits. so we are
not guessing. The Salisbury Course
made a net profit during 1915 Of SIG.
900. Three lS-hole golf courses snor'd
make a net profit of at least 100000.
don't YOU think so" This would pay 4
dividend of s., on a capitalization Of
81. OO0, 900.
With five l8-hOle courses in tuE
swing the profits from playing priv
leges II from the Massapeuua PLAY.
ers' Inn should soar pretty high-c,r.
talnly enough to declare a dividend Of
at least 100, annually.
MASSAPEQUA GOLF. INC. he.
lieves that the New York public viii
very quickly take the entire issue Of
stock, in which event the $780, GOO
mortgage will be paid off at once. Th,n
the stockholders will own the propertr
Tree and clear. together with all in
provements. and they will have a GOLF
PLAYGROUND UNEQUALLED IN
THE WORLD.
THE NEW YORK GOLF PARK will
be high class in all respects, yet it mus,
represent the DEMOCRACY or
COLE. for the popularity of til" game
has taken it out of the realm of ~"claS;."
All peOple--men and womer-uW
be welcome to the privileges Of ,hv
golf courses and the MaS>tptuua
PLAYERS Inn upon one condition only:
THAT THEY OBSERVE TIE
ETHICS OF CLEAN SPORTSMNN-
SHIP AND PROPER CONDUCT. l.
VIII be easy to preserve the character
of the Park in this respect. for people
who play golf are naturally wclj-mau.
nered people.
HOW MANY SHARES or SrOrN
DO YOU WANT?
Subscribers may pay for the St,y,
IN monthly inStalments. if it Is more
convenient for them to do so. provided
subscriptions are made on or beror"
May |, 1916. Send for prospects,,
Make checks payable to