Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1916-10-30
Y. NJ. c. A. BOARD
HAS STATEMENT
TO PEOPLE HERE

The Y. M. c. A. is still the object of
much attention by the people in charge
of the institution.
The executive board of the organiza-
tion is Chairman L. G. Council, G. p.
LAWS, N. M. Dudley, t. o. Marshall
and c. C. Hawkins. This committee
has addressed the following statement
to The people:
Statement of Board.
During the past six weeks the Exec
utive committee of the Y. M. C. A. oil
this city has had the financial status
Of this institution under very serioug
and careful consideration, the situa-
ton having been carefully studied
from every viewpoint
A meeting of the committee was re-
Gently held for the purpose of taking
some definite action regarding the fu-
ture of the association, whether the
same should be closed, or continued
by employing secretary to have ac-
tive charge Of the work. After having
gone into the situation fully, the COM
mittee did not feel that it would be
warranted in closing the institution
from a financial standpoint, thereby
allowing the receiver to proceed with
the sale of the building and equipment
under an order of court. Briefly stat
ed, the association owes some 100000,
Including interest on the bonded in
Gebtedness ON the building, and in ad-
dition to this about 100000 in open
accounts and notes. To meet this de-
mand is the unpaid balance due on the
subscriptions of 1914, of which the
committee considers there is some So
100000 collectible. On this subscrip-
tion over $10,000.00 has already been
paid and all practically would have
been paid had it not have been for I'M
precedented financial conditions exist
ing since that time. Under these cir
cumstarces, the committee did not feel
authorized to push these collections by
legal methods. The proposition pre-
sentin gitself, therefore, was either to
continue the work of the association as
best it might, believing that the
amount necessary could ultimately be
raised, or allow the building to be sold
Under an order of court, thereby sacri-
lcing a $4O,OOOO0 plant to satisfy a
net balance of about 100000, and the
committee did not feel that in justice
. itself, those who ahd paid their SUBJ
} criptions on the faith that the others
would be paid, and to the good name of
The city of Americus, it could allow
The latter course so long as there was
the slightest chance of saving the in
stituiion.
Condition of Other Associations.
In addition to this, an investigation
IF the associations of the state, reveals
lie fact that the Americus association
in better financial condition than any
other Y M. c. A in the state, with
lbc possible exception of two of the
largest cities in the state The great
trouble with the financial condition OF
the local association has been due to
the very high rate of interest which it
has been necessary to pay on the
bonded indebtedness. If, therefore,
this could be once removed, the COM
mittee feels that there would be no
trouble in maintaining the institution
on self-sustaining basis. In fact, the
revenue received from the room-rent
alone would pay all ofthe expenses of
the association, with the exception Of
the salary of the secretary.
The committee, after having decid-
ed to continue the work Of the asso-
citation, felt that the most important
thing to be done was to employ a COM
petent secretary. and to this end Mr..
'Cnntinued on paaa ~'v
"