Show 1 f COMMERCIAL CLUB ADOPTS PLAN FOR PAYING OFF DEBT Delinquent Dues Both of Old and New Members and High Expenditures Its Cause members of ot A APPROXIMATELY the Commercial club gathered In Inthe Inthe the clubhouse laut night to consider ways p of t p putting Ulu the tle Institution on I Its s financial te fet feit t. t adopted unanimously William 1 Bowon's plan for a voluntary I of or resl resident ent members on a a. ba basis ls of what whal the they were able to pay In made prior to this ac ac- ac- ac tion tiun It was declared declare that th Commercial Commer Commer- cia cial club ha has done dolic more for Salt Lake and nd Utah than anything el else e that It Ithai J ha-J the tho function unction of or a a. melting pot pol in which vero amalgamated called co-called J gentile Mormon and Jew J Jt it l was also said that In the pa past t the club had been run on too loo highhanded a ft financial scale that more money was as expended d than the revenue I justified d I that too man many members wc-re wc delinquent delin delin- J quent In th their r honor debts of club dues clues and club service I It was pointed out that I ii IT I members member were not from Crom time to time o of the tho fl- fl I- I l condition of or the club So a n resolution rel proposed pd by B. B W. W Menden- Menden hall hail was wa adopt adopted d c calling upon the see tr to furnish h to e cr every club mem- mem her each month n s detailed financial statement giving the tUe 1 J en and I lh h hc expenses c itemized itemized with with reasons n for unusual Increases or a a and comparisons with th tJi j records coords tea for same month of th the JI previous lou ear I r tre h was m 1 0 tho the tie cSt Uon to pay off th the clubs club's i floating Indebted of between MOnd MO- MO fO- fO nd iid OO O by hy this voluntary as- as fI plan Assurance was given fb by the secretary and rn of fir the tue Continued on Pa Page Pago o S 8 S. S Column COMMERCIAL ClUB ADOPTS PlAN FOR HANDliNG FUNDS Continued from Page 1 1 board of ot governors o that if It tho mont mcm- bore borK give tho the club tho the proper support economical management can pay the tho operating expenses nn and begin a a sinking sink Ink InkIn In lug ing fund to for tho the retirement of at the club bonds at nt the tho same time caring I for tor forthe forthe the tile interest rest on those bonds Tho Bowen Dowen resolution having been adopted unanimously and with cheers many stepped forward and paid their theil voluntary n assessments ments on the thc spot Approximately was thus pail paid in iii a few tew minutes according accord accord- lug ing to estimates hastily made nt at the clo close c of ot the tue meeting F. F S. S Murphy chairman of tho the fl- fl I- I nanco committee of ot tho the board of ot governors governors gov gov- presided Ho lie explained d the need o of funds and Secretary Will 1 GI G. G I Farrell arroll road read tho Bowen Howen resolution adopted at the thc meeting of ot the thc chairmen chairmen chairmen chair chair- men and vice vico chairmen of oC the club committees on tho the da day previous This provides for voluntary assessments according to four tour classifications classifications- from rein ISO down dOn to 2 26 Each member is to judge for tor himself what classification cation he is In that In-that that is to say lay how much ho he can pay Tho The payments may maybe maybe mayhe be he made at once In cash cash or members mn may give I e notes for the total of ot their contributions all contributions all to bo be paid In four quarterly installments beginning this mo month a th Tho The individual contributions o of the tho members are arc to bo ho known only onh to the too finance committee and the club oft of- of t fico co force torce Adoption In Is Moved Hanchett moved adoption of ot tho the resolution Ho lie said that among now new members o of tho the club were ero too many who didn't pa pay their duos John D. D Spencer In seconding Mr Ir Hanchett's Hanchett's Han Han- chett's motion observed that tho the collection collection collection col col- lection of or these assessments will show who the live 11 members of ot tho the club T really ally are nr O. O V. w. Powers said ho he wa was somewhat amazed to learn that the tho organization was d up Ho lie compared tho the paid staff start of or the club with what It was when Fisher richer Harris with an assistant and a n. stenographer ran it over in West est Temple Temple Tem Tern pie street and suggested that the present present pres pros ent organization ors was too expensive considering considering con con- the clubs club's r resources so r L I Ted Tea c c. Ot 01 O 01 or governors replied to Mr Powers Ho first suggested that though mistakes had been made In the past it t W was waa 8 better betterto to look to the future Ho reviewed however the clubs club's history in a way showing that with removal from West reet Templo Temple to the new building In Exchange Exchange Ex Ex- change place tho the club grew from a n. amore amoro m moro more ro luncheon club with a a. little publicity publicity pub pub- on the tho side to a social club and anda a a. Commercial club in ID a a. fuller sense He He called attention to tho fact that the board of ot governors has hRs cut the tho operatIng operating operating ing expense in half halt the last two months and promised further econom economy Last year ear ho hc said paid tho the club spent large e sums on big conventions convention hen it could ill afford it He it was who tho referred to the club as a melting pot and asked naked his hearers what tho the community ty would be without It it Old Members Member Delinquent B. B W. W T Mon took exception to tho the statement made by different speakers speak speak- ers era that most o of the tho delinquent members members members mem mem- bers were taken In on the recent cent special cial dat membership campaigns n Ho He called Secretary lo Farrell arrell to bear him out and and tho the secretary's statement showed about as 18 many delinquents among the old as tho the new ne members Secretary Farrell then read man many statistics l OR as to the tho clubs club's affairs Thoro were approximately 1322 paying resident resident resident resi resi- dent members member about nonresident members and with these paying their dues and an nn annual revenue from tho the club adjuncts of or ho he figured a total revenue of ot If It the present present present pres pres- ent floating debt is Js cleared ho said ald It will be possible with this revenue revenue and and more moro members paying up up-to up to run tho the club and create a a. sinking fund Four hundred and nino nine now new members are needed he said eald I CoL M. M I. I M. M Kaighn D D. F. F Collett CoUett and others spoke of ot Ul the tho good tho the club has done dona E. E F F. Colborn wanted to amend Mendenhall motion calling for tor de detailed detailed do- do tailed financial statements ever every month b by asking a complete te financial statement statement state state- ment meat for tor the last four years ears This am amendment was defeated on tho the ground of ot expense |