Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1918-03-08
TWELVE MEN or BUILDING COM
MITTEE OFFER $1,000 TO
ASSOCIATION.
CONDITION is THAT ITS
DEBTS BE CLEANED UP
If Other Members Will Raise Operating
and Maintenance Expense Amount
ing to $4,000, Building Committee
Will Take Up Amount of Building
Fund Debt.

At conference of the beard of di-
| rectors of the Y. NJ. c. A. the original
building committee which had charge
of the erection of the present ~.
building, and few invited guests
Thursday noon it was Voted to try
once again to clean up the old in
debtedness which has hung over the
association for years and provide for
another years maintenance. Greatly
to the surprise of all present the as
ISOLATION was offered a new Easter
bonnet in the form of a $4,000 contri-
button to wipe out its probable deficit
on it's building fund, provided the com
munity would clean up all Of its debts
for operating expenses.
This offer came from the building
committee of twelve men, siX of whom
were present and held a meeting in
an ente-room and voted unanimously to
make the offer on behalf Of the COM
mittee. provided the other six
would ratify their action. In this way
the building committee hopes to make
good on it's original promise that i.
would build and pay for the present
building out Of the pledges raised five
years ago il it were possible to do So.
Members Must Raise $4,000 Now.
The ASSOCIATION has carried a deficit
in its operating expenses dating back
to the time of the old building on
South Third avenue which, with it's
interest, has grown each year until it
row amounts to $4,000. In addition
the usual maintenance pledges Of
$4,000 for the coming year must be
raised.
Debt Accounted For.
The present debt is the accumulation
of many years and OF improvements
to the building last year. During the
two years between abandonment of the
old building and dedication of the new
the association ran behind Voefully, so
that the deficit Dec. 81, 1915, was S.
143. The year 1915 played about even.
leaving the total deficit at s6,645 Dec.
81, 1916. Last spring drive was put
on to clean up old Indebtedness and
$4,000 was collected during the calen-
dar year 1917 and applied on the old
debt, but during that same year the
sum Of $1,000 was spent upon the
building, leaving the total indebtedness
at $4,000 to begin the current year.
The expenditures for equipment and
betterments include digging the sewer
for the new swimming pool, relaying
the gym floor, caulking the building,
window stripping the entire building
painting the building, painting the DOR
mitories, buying such equipment as
portable moving picture machine,
stereopticon. steam table, potato peeler,
and dishwashing machine. The build
ing is now in excellent physical con-
dition for few years to come, and the
board of directors has decided to make
heavy retrenchment on operating ex-
penses for the period of the war.
The building fund shows $1S, 500 Dor
rowed at the banks on the personal
notes of the building committee, with
approximately $500 yet to be real
ICED out Of the pledges which are past
due but coilectible, leaving deficit
of $1,000 in sight now and interest to
pay on the $13,500 until money is
raised to meet it Interest on long
time PIECES and loss in uncollectible
pledges are responsible for the deficit.
Proposition Is Accepted.
The building committee of twelve
men proposed to raise the $4,000, collect
the 1900, and meet all the interest on
the building fund debt provided.
First that they be relievG from all
contributions toward operating ex-
penses over and above their regular
membership of s16 each per annum
for a period of five years and
Second, that the other members Of
the "Y' raise from all the rest Of the
community money enough to wipe out
the debt of $4,000 in operating ex-
penses and the $4,000 for each current
years regular maintenance for five
years.
This proposition was accepted. and
committee composed of P c. Rude.
chairman, r. e. Apgar, W. T. Smith,
f. S. Hynds G. F. Thayer, and 7. O.
Kemble were appointed to raise the
current expense and deficit fund.-
The twelve on the building committee
who are to assume the building debt
personally if the full membership ap-
proves are d. W. Norris, chairman,
r. w. McCreery, G. H. Ruth. c. c. st
Clair r. w. Scott. c. H. Van Law, T. l.
WATSON. j. c. Williams, f. Miller. p.
F.. Arney, II. c. Mueller, and Thomas
Stotts.