DARTMOUTH ALUMNI PLAN CLUB HOUSE IN NEW YORK

Recognizing the great need for a Dartmouth Club in New York to provide a city home and club for Dartmouth alumni, as well as to serve the best interests of the college, a temporary committee of Dartmouth alumni in the city has been at work formulating a plan for the organization of a club.

The Committee considered that a club modeled along the lines of the Williams Club-that is, occupying two adjoining connected houses in the Murray Hill district, remodeled and suitably furnished, and providing rooms for both permanent roomers and transients—would be adequate for the' first years of the Club's existence, and one which Dartmouth men would be proud to join and use.

Accordingly, the Committee carefully investigated the question, analyzed the probable membership of the Dartmouth Club, and collected important data and operating cost figures from the Williams, Beta Theta Pi and Alpha Delta Phi Clubs, which are of about the same size, and from the Psi Upsilon Club, a smaller club, which was established in January.

As a result of its studies the Committee believes that it is feasible to organize a Dartmouth Club at this time. Therefore the accompanying figures have been made up to show how the Club can be operated to support itself, providing that sufficient members are secured and that the necessary capital requirements to furnish and alter the Club building are met.

The plan for raising capital funds is a simple one. Each Dartmouth man who wishes to join the Club is asked to advance in cash, at once, his initiation fee of $25 for resident or suburban membership, and $5 for non-resident membership, and, in addition, to pledge the gift of an additional amount when $5,000 has been paid in, and another amount when $10,000 has been paid in, at compound interest in the bank, and is not to be subject to promotion expenses, which are to be met by donations for that purpose.

This plan has been tested out among several classes, and from the results which have been secured it is believed that the cash requirement of $50,000 can be obtained if all classes work for the project as these classes have done. As a result of a few class meetings the treasurer has 'several thousand dollars in cash in the bank, and pledges for more than double the amount of cash paid.

One of the first objects of the Temporary Committee is to establish the desire of Dartmouth men for a Club by obtaining payments from 300 men. The interest and support of the older alumni will then be sought and non-resident memberships solicited. The Temporary Committee will later .be displaced by the Dartmouth Club Committee, which will arrange for the incorporation of the Club and all necessary matters of organization.

Dartmouth men desiring to support the club are urged to send checks to N. C. Lenfesty, treasurer, 55 Wall Street, New York.