New-York tribune., 1921-11-30
International
l,,1b Accounts
To Be Audited
Committee Begins Inquiry
Into Affairs Of Organiza-
sion That Faces Loss of
Building Site 1t Holds
Mr. Borglum Optimistic
He Says Object of Placing
Boxing on High Plane
Has Been Fully Achieved

Following the revelation Of the COM
slicated financial condition Of the In
Sensational Sporting Club on Monday
night at the Central Opera House, Gut
ron Borglum, the sculptor, president Of
the organization; Frank A. x. Boland,
George w. Sweeney and r. L. Spots
met yesterday at lot West Forty-frst
Street to investigate the clubs tangled
affairs and to arrange for an audit of
sts books.
This committee. which will include
another member of the club, Will report
at meeting next Monday night, and
the future of the international Sport
Ing Club will then be determined. At
present the or anization is approx
mately $25 600 in debt and is facing the
foreclosure of mortgage on the site
. it has obtained for its clubhouse.
Opposes Commercialism
aIf the original plans elevating and
governing boxing by law and license,
controlled as it is by the splendid
commission that is to-day administer
ing the law, are not to be continued
With the aid of the large influence that
lies in the body of the membership of
the international Sporting Club that
ard it's passage" Mr.. Borglum said af-
ter the meeting, II shall be the first to
lead a movement to repeal the law and
suppress it," he continued, because, as
an enterprise where large purses and
reels. rather than rounds, govern the
duration of bout, boxing can only de-
generate to cockfght or an occupation
Of sordid commercialism. made this
statement from the ring last night and
reiterate 1T now"
Mr.. Borglum said that the commit
tee was progressing favorably in it's
work of Investigation and that the out
Hook was hopeful. In fact, he said, ever
since he had taken Office as president
had been making a thorough investi-
CATION of its affairs and has the ma
terial in exec lent shape.
Tex O'Rourke, executive secretary of
the international Sporting Club, out
lined the various steps which led up to
its organization and the appointment
Of the present Investigating committee.
He pointed out that the annual receipts
of the club amount to about $150,00O
ard that there arc no liabilities. But
the |. S. c. Corporation, holding COM
pany, has liabilities. he said.
William A. Gavin organized the Ma
tional Sporting Clubs of America at the
time the Army, Navy and Civ liam
Board of Boxing Control was active,
Mr.. O'Rourke said. The organization
purposed to establish chain of sport
ing clubs in the larger cities of Amer
lea. The international Sporting Club
was intended to be the first of this
chain, and Mr.. Gavin, with Thomas
Conroy. W. H. Dennis and r. Brecken-
ridge Steele, incorporators of the Ma
tional Sporting Clubs OF America, were
the incorporators of the international
Sporting Club.
Mr.. Biddle Resigned
The I. S. C. Corporation was organ
lied as holding company to finance
the club and put up building for it.
Mr.. Gavin was elected managing di-
rector of the I. S. C. Corporation and
Anthony j. Drexel Biddle was made
president. When Mr. Biddle resigned
Gavin was made vice-pres esident, as we'll
as managing director, and became the
senior officer. He held the same offices
in the international Sporting Club. Mr..
Gavin resigned as managing director
and vice-president of the S. C.. Cor
poration on October 20 last On No
vember A he turned over all of his stock
in the National Sporting Clubs of
America to the International Sporting
Club.
The next day he turned over to the
International Sporting Club all his
stock, which constituted controlling
Interest, in the I. S. c. Corporation
On November z, he resigned as vice.