The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1917-02-13

and The issuance OF stock to save the
building. To answer them i: may be
said that although there has been
stock issued when the present ~
ixation began. there was always such
a debt. over and beyond the stock,
that Il simply made the STOCK value
less. II the tito Is conveyed clear
and only s50.0o0. stock issued. there
cannot fan 20 be a reasonable value
TO the stock Tor u will possess a tam
gible and real asset in This fine Duild-
ing. II Is known that " The stock
holders own the building OF rather
shares in e. they Will be interested
eAOugh I put in a competent board
OF directors. and in turn a competent
manager who will MAKE = success Of
the undertaking.. To those who fear
that the building may later be grabbed
BY falling into the hands Of a few who
viii, II is said, buy up the stock. there
comes the answer that a number Of
legal provisions are available 90 50
restrict the use OF the building as TO
make II practically certain that for
an time Il will be the quarters OF the
chamber OF and such other
civic organizations as care To Use IL,
and hat " the whole idea In
the slogan Saw the Commercial
club Only those who ave actually
worked on the bare soliciting scheme.
know that to give. n man In Albu-
querque Is now asking something def
mite on plans and II he receives "a
share IN the building and the right 70
rsaa. -. Fl.aa ghuN.a hH Lea mu-fEAI
that the building will be managed for
his interests n those OF his city.
The chamber OF commerce will DO but
OF the building business u able to
fulhil IL full mission unhampcred.
This was discussed a; soa.s iyasth
and the consensus OF opinion was that
the proposals. were altogether feas-
lble. Howe, ar. at this juncture Or.
G. II. Carnes read a letter he had re-
ceiyed from an acquaintance % his
who is connected with the city de-
velopment bureau OF Chicago. in re-
ply 10 a letter the doctor had written
him settinL forth the plight Of the
Albuquerque club. This bureau makes
a specially OF rejuvenating run down
commercial organizations. II has eN-
perts In its employ who make a bus
mess OF diagnosing ailments ana pre-
scrlbing courses of treatment foI
clubs mat ind themselves situated a,
the Albuquerque club Is az the pres
ent sine. Testimonials were read las
night showing that the bureau has
met with marked success in citiel
where It's specialists have worked, i
was finally decided that tho board o.
directors should get In touch with th'
development bureau and sco when q
man could be sent here. also what IN
terms would be for carrying ON "a cam
paign FOR the purpose Of getting th'
club out of - present embarrassment
and putting 20 on its feet. The fol
loving night letter was sent las
night:
CITY Development Bureau,
Chicago. III.
AT "A largely attended meeting %
the Commercial club u this city hel'
tonight. 10 was unanimously decided
to request YOU To send your AR ChRs'
here al once for the purpose 81 study
ing conditions and outlining n plui
10 pay on the indebtedness of on
Commercial club and to increase III
membership and 20 employ your con
Germ 10 assist. Quick action is reces
gary. Please wire wire me when Nj
Chase can he here.
COMMERCIAL CLUB OF ALBu
QUERQUE.
by .. y. MARRON President
u is uncertain az this ian Jus
what plan Will be pursued hy the dc
velopment bureau in rehabilitation
| the club. The hrst step Will De, ~
, deal is made. Tor the bureau to sent
"A representative here ana study ID
situation. After DOING this campaign
plans viii he formulated some 0
the suggestions contained ia the re
port OF the committee. as publishe'
above. may be found practical. o.
The other hand they may De dlsre
gardcd almost entirely. The nureai
has found That the me,hods employee
by it must be varied somewhat 60 SUI
the local CONDITIONS in each case, con
stqucntiy a survey Of the situation
hen. ,yit have 10 be- made before IN