The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1929-08-02
ARROWHEAD MAY
DE FORCED TO QUIT

Unless cities throughout Northeast
em Minnesota unite at once in giving
financial support TO the Minnesota
Arrowhead association, the organiza-
ton may be compelled to discontinue
functioning within the next few weeks.
With only sufficient funds available
to carry on for a short period, DR..
William a Coventry, president of the
association, was authorized by a spec
ial committee Of the executive board
yesterday to make public the present
financial situation Of the oganization-
He made the announcement Friday,
which comes as q complete surprise to
this entire region.
The committee is making q survey
of the Arrowhead in an effort to as
certain 4the possibilities Of saving the
association from dishanding and to
work out q financial program that can
be carried forward for the next two
years.
Fred D. Vibert, executive director,
rendered his resignation to the board
on July 8, but the directors have with
held action, pending further study OF
the situation and the proposed pro-
gram now being worked out.
With budget Of $32,500 for this
year, the collections to date total
$17,341.75, Of which amount there Is
5000 in the treasury to pay current
bills up to the first of the month, &C.
cording to the statement given out
by DR.. Coventry. This shows the col
lections as follows:
BemidI 500; Cloquet, $425; Two
Harbors, 500; Ely. 1915; Gilbert, 500;
Grand Rapids, $3.50; Hibbing, $500;
Duluth: manufacturers and whole
salers, s1,635; individuals, s1.672.50;
banks. s1,305; public utilities 81 400;
retailers, s438.25; auto and oil compan-
les, $487 so; hotels and restaurants,
S218s25; miscellaneous. $1,14525; rail-
roads, $1.850; st. Louis County club,
$500; iron industry. $3.50; lumber
industry, $1,000; resorts. $50: total
|$17.241z5.
Mr.. Vibert, In rendering his resigna-
ton July 3, declared that It would be
impossible for him TO make collections
and carry on the work Of the associa-
ton at the same time A second meet
ing of the board was held July 10,
when the special committee was named
70 make the study of the situation
The information has been withheld
from the public up to this time, In
hopes that some solution might be
reached" said DR.. Coventry, but the
committee Friday decided that an
announcement must be made tmmedi-
ately to save the association.
II might say in connection With the
financial report that quite q number
of the Duluth subscriptions are being
made in quarterly instaIlments. three
quarters having been paid and the
fourth not due until October. This
would increase some of the items under
the Duluth head, such as hotels and
restaurants, retailers, wholesalers, and
banks The budget approved for 1879
totaled <32,500. It might be possible
to, shave this somewhat, but It would
take at least 10000 TO complete the
year"
Whether the Arrowhead Association
viii continue to junction probably WIN
be. decided at meeting Of directors
and advisory committee Aug. Il or at
a special meeting to be called by DR..
William A. Coventry, president. Fred
D. Vihert, executive director. said
Monday.
Mr.. Vibert announced that be Is
leaving the association Sept. 1. The
resignation Of Mr. yihert has not been
accepted by the, directors.
Funds Of the association win be ex-
hausted by Aug. 1, Mr.. Vibert declared.
The association must be placed on q
financial basis to permit its operation
for . period Of years 50 that aims Of
The group may be realized he added.