Evening star., 1925-04-21

sell bonds in denominations of $50
and 800, in certain designated series
or groups. It has been suggested that
no interest be paid on these bonds
until income from the building itself
Is assured. If interest is added at
even as low a rate as per cent our
expenses would be increased $9l ,200
per annum. That is a matter, how
ever, which the congress itself would
have TO decide.
I'm addition a certain specified sum
would have to be set aside each year
for amortization, or to insure the re-
tfrement Of the bonds. From all in
formation obtainable from reliable
sources, 1t seems reasonable to place
20 years as the limit of time in which
the bonds could be retired. Five per
cent of the cost of the building would
mean in the neighborhood of another
500, 900 per annum.
THE disposition of the bonds would
doubtless have to resolve itself into
an organized State matter, for so
prodigious a plan could not be car
ried out in any haphazard manner.
In each State there would be regu-
larly appointed chairman or captain,
and in each chapter a lieutenant who
would head committee to sell bonds.
1t Is needless to say that these women
must have vision, enthusiasm, energy
and stick-toit-iveness.
Second Method Proposed.
"If interest bearing notes are is
sued. they would be sold outside of
the chapters; otherwise they would
have to be disposed of within the or
ganization. with pure love of the
cause for interest.
Another plan suggested, in case
the congress should vote for the build
ing of the auditorium is that each
member pledge herself to give or
| raise SIS. That plan would do away
| with the bond issue entirely, but the
response would be problematical.
Some would give SIS; some more;
some less and many not any at all.
The objection would be that it would
drag interminably and give no as.
surance of building being actually
started for some time to come, and
| before adoption would have to be
| carefully considered.
| whichever method were adopted
| for raising the money, provision would
| have to be made for carrying on the
expense of obtaining it."
Pictures Win Approval.
| During the reading of the report or
| the plans . number Of pictures of the
interior and exterior of the proposed
auditorium were shown on a screer
and brought great applause. The gen
| eral report, which was read by Mrs
| Cook for the entire committee, fol
| lows in full:
| Upon presentation of a resolution
by Mrs. Willard T. Block of Chicago
| the thirty-third Continental Congress
voted to authorize the president gen
| eral to secure and submit at this time
| tentative plans for the erection of ar
auditorium on the vacant land at the
rear of the present administration
! building.
Therefore your president-genera
asked the following members to serv,
with her on committee whose duty
| it would be to see that such plans
| were prepared for presentation: Mrs
Larz Anderson, Mrs Alfred Brousseau
Mrs. William Butterworth, Mrs. 10
seph Frelinghuysen, Mrs. Charles Her
rick, Mrs. Robert Lansing. Mrs. EliZs
Ferry Leary, Mrs. Robert Mckee, Mrs
Frank Mondell, Mrs. Carl Vrooman
AS the congress failed to vote the
money to pay for these tentativ,
plans, the committee was forced Il
enlist the services of some architec
who would, through interest only, d,
the greater part of the work for us
| Architect Aids Projects.
1--WE were fortunate enough to Sc
cure the services of John Russell
Pope Of New York City. who very
kindly furnished us the drawings
which will be shown to you later thi
morning, and charged us only a yer,
| nominal draftsman's fee. His owl
valuable services were gratuitous ant
he made three trips to Washington
| in the interest of this work
THE sketches lack detail, of course
but they give you an idea of tn,