The New York herald., 1921-12-22
Offers Financial Help to
Protect Bonds and Prop
erty of International.
RORGLUM IS OPTIMISTIC
Predicts Opening in Time for
Army and Navy Events
Next October.

ne Undncldl Q1IIlCult1eS WHICH threat
ened the existence of the International
Sporting Club have been smoothed,
said Gutzon Borglum president of the
club, yesterday. when he announced
that Gen. T. Coleman du Pont. VICE
president of the club, has offered finan-
cial aid to set the club on it's feet
"The assets of the club are ample
to make it completely solvent once a
way was found of saving it's property,
protecting it's bonds and retaining it's
membership" said Mr.. Borglum. "The
only thing in the way OF this was the
foreclosure proceeding in connection
with the mortgage of $225,000 on the
property. This threatened all the real
assets of the club. After several meet
ings and negotiations, Gen. du Pont
not only has shown how to protect the
property, but he has offered the finan-
cial aid necessary"
This announcement was made by Mr..
Borglum at the clubs offices. at ITO West
Forty-second street, following a lunch
con at the Bankers Club by men of the
financial district Interested in the or
ganization. 1t became known that the
committee of Wall street men with
whom Mr.. Borglum has been working
included Robert T. Vanderbilt. Nicholas
i. Brady. Frank Hitchcock, William
zegler. Jr.. and Albert H. Wiggin.
Mr. Borglum announced that as a re-
suit of a visit to Washington on Mon
day when he spoke with President
Harding. Senator Wadsworth, Theodore
Roosevelt and others. that the closely
allied Army. Navy and Civilian Board
of Boxing Control will have the full
support of the Army and Navy and the
final bouts Of the men of both arms
will be fought in the arena of the In
ternational Sporting Club Representa-
tives of the Army and Navy attended the
luncheon yesterday
There Is no reason in the world that
/ can see now why the club cannot be
opened October j, 1922, on the original
Lexington avenue site between Forty
eighth and Forty-ninth streets" said
Mr.. Borglum. As supplement to
the statement of Mr.. Borglum. Capt.
John u. Given, treasurer of the club. an
nounced that the club was Comfortably
solvent"
The administration of the clubs af-
fairs viii be placed in the hands of five
men 20 be known as the advisory board,
who are TO select fifteen others. This
board Will take up Cen du Points offer
Tor protecting the Lexington avenue
property and Immediately devise ways
and means for the erection of the club
house. Two of the original FIVE are Mr.
Ziegler and Mr.. Vanderbilt. The others
will be selected by Gen. du Pont. Mr.
Brady and Mr.. Wiggin. Mr.. Hitchcock
undoubtedly will be among the fifteen
others.
Those who attended the luncheon were
Walter Camp, Jr.. Gen. William J.
Nicholson, u. $. A. retired Capt. J. III.
Burns, y. S. A., of the training board,
Second Crops Area Capt Il. Dracc
White. U. S. ~, instructor in recreation
for the Eastern division Mr.. Zieger. J.
G. Watson, a. Walpole Cragie, +. A..
Wande. superintendent of recreation.
Second Corps Area Tex O'Rourke, Capt
Given, Charles J. Hardy, Sr., OF the law
firm OF Hardy, Stancliffe & Whitaker ;
Rowland g. Mahany. Acting Secretary
OF Labor under President Wilson ed
ward w. Norris. Charles j. Hardy, Jr. /:
Il. III. Bedford and Mr.. Vanderbilt.
II. ID. Kaufman, manager OF the loan
department of s. W. Strauss d Co. de-
MED that an offer had been made BY his
firm for a loan to the club. lie said that
short discussion regarding a loan had
sought to bring out the company's at
titude in the event a loan were presented.
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