The Union times. [volume] (Union, S.C.) 1894-1918, 1916-07-21
HOSPITAL PLANS
ARE DEVELOPING
Work of Committees to Secure
Subscriptions to Begin Friday
OF This Week-Present
Status and Outline of
I Future Plans For
! Building.

Many people are asking: "What
mas become of the hospital?" Every
day some one seeks to know just the
status of the enterprise and what
prospects there are for CARRYING out
the undertaking.
Briefly the present status is as fol-
lows: UP to few months ago the
Wallace Thompson hospital was char
tfred as an eleemosenary institution
and the plan was to operate the en-
eerprlse as charity institution. The
concern owned fine lot and the cash
on hand aggregated some $4,000. Be-
sides this there was a goodly amount
IN subscriptions. But for a year or
two the enterprise Jagged. Recently
movement was instituted to put the
enterprise upon purely business
OASIS and to amend the charter so as
10 make the concern joint stock
company. These plans have proceed
ed only so far as to applying for a
commission to open books of sub
scrlption to the new organization.
When these subscriptions to the new
concern are secured, then the old or
ganization will be disbanded by law
the law requiring that the dissolution
be advertised for four consecutive
weeks. 1t is proposed that where one
has made a hundred dollars contribu-
ton to the old organization he shall
nave issued to him stock to that
amount in the new concern. Where
one has contributed less than one hun
dred dollars he will be urged to raise
IL to that amount and accept a share.
par value of one hundred dollars, in
the new.
Recently three committees were ap-
pointed to make thorough canvass
of Union. The chairmen of these
committees are: j. Cohen, one side of
,Maih street and all that half of the
city; K. P. Morgan, the other side
OF Main street with all that half of
the city; Emslie Nicholson was ap-
pointed to see what could be raised
IN subscription from the management
of the various industrial enterprises
here.
These committees will begin work
Friday, and it is believed that the
organization can be perfected. The
banks of Union have made quite lib
eral offers of financial assistance, pro-
vided the subscriptions aggregate a
reasonable amount. The hospital will
be incorporated for $4,000. From
a careful investigation it has been
found that similar institutions in
cities the size of Union have been
earning substantial amount on the
investment. There is no reason to
doubt that the enterprise will paw in
Union.
Some people have suggested that
the present depression caused by the
floods will make this an inopportune
time to carry forward this enterprise.
But the committees have decided that
1t will not do to wait, and that an
enterprise such as this will encourage
and stimulate, rather than depress
the citizens.
The committees will go to work at
once, making first a canvass of each
of the physicians in Union, then of
the business men and corporations.
The committee appointed several
months ago to take the steps neces-
sary to reorganization upon the new
basis consists of Emslie Nicholson,
chairman. R. P. Morgan and Lewis NJ.
Rice. This committee has gone for
ward as far as possible and it is now
up to the subscription committees to
get busy. This reorganization COM
mittee feels that it is now or never.