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View of Chapel Street Side as Planned.
Si MeN CAND HAC OM ELUM suicRD MBE
UNIVERSITY CLUB ADDITION,
Description of Building — Proposed
New Loan of $35,000.
After the delay of a year because
suitable financial arrangements could
not be made, the addition to the Uni-
versity Club, which was decided upon
at the May meeting in 1899 by the
Governing Board of the Club, is now
assured. It is hoped to break ground
by July 1, and to have the building
equipped and in running order by the
time College opens in the Fall. The
cost of the entire work will be about
$13,000.
The cut of the old building and the
new addition, printed in this issue,
will give a good idea of the appearance
of the Club when all is finished. The
architect, Mr. L. W. Robinson, of
New Haven, with Mr. J. Medill Mc-
Cormick, President of the Nineteen
Hundred Board, worked out a plan
which utilizes the available space in the
best possible way. The addition, which
will be built on the West end of the
present house adjoining the kitchen
wing, and having its end flush with the
Chapel Street side of the old house,
will be 26 by 40 feet and three stories
high, with a basement. The first floor,
the full size of the building, is to be
given up to a dining room, with an
adjoining serving room in the present
kitchen wing. This will give sufficient
room for the large training tables of
the different athletic squads. The en-
trance to this dining room will be
through the present large verandah,
which in winter will be enclosed in
glass, and heated by steam, forming,
besides a convenient and covered means
of communication on the lower floor,
a good place for lounging.
The kitchen and storeroom will oc-
cupy the whole of the basement and
will be finished and equipped accord-
ing to the best practice. The base-
ment of the present kitchen wing is to
be used as a secondary service room,
and will be connected with dumb
waiters to the service room above,
making the handling of food very
quick and without confusion. Especial
attention will be given to the location
of the cold room, storage of fuel and
sundry details essential to the proper
- and successful working of the kitchen
service. The present dining room will
be arranged to contain, besides suffi-
cient room for direct serving, an office
for the President and for the steward
and clerk of the Club. The whole
floor will be done simply in the colonial
style.
On the second floor it is planned to
have the billiard room which will be
large enough for four tables—two bil-
liard and two pool. This floor will be
connected with the same floor of the
old building by a covered steel and
brick gallery, devised by Mr. Robin-
son as affording the easiest, simplest
and cheapest means of communication
between the old and new parts. On the
third floor there will be four good
sized bed rooms, with baths, for gradu-
ates or returning coaches. The halls
in the old building on the first and
second floors will be entirely done over
and the basement renovated. Con-
siderable changes will be made in the
grill room, towards the improvement of
its usefulness.
THE CLUBS FINANCES.
The present indebtedness of the Club
is divided into two mortgages. The
first of these, originally amounting to
$37,000, was in the form of $1,000 bonds,
paying 6 per cent., and were held by
Yale graduates. Five thousand dollars
have been paid annually to Mr. William
W. Farnam, Yale 66, the trustee of the
bond holders. This mortgage to-day
amounts to between $10,000 and $11,000.
The’ second mortgage of $7,000 was
secured in 1898 to pay for improve-
ments, and is held by a party in Albany,
not a Yale graduate.
It is now proposed to borrow enough
money to pay off all the present mort-
gage indebtedness and to make a new
issue of bonds of from $30,000 to $35,000
to be secured by a new first mortgage
on the property. The addition will be
built from $13,000 of the loan. The
new bonds will be of the amount of
$1,000 each, payable in 10 years, and
bearing interest at the rate of 5 per
cent., payable semi-annually. These
bonds and the new mortgage will be
substantially similar in terms to the old,
and the Club, in the loan proposals,
agrees to pay to the trustee $5,000 a
year, which will be used in part to
pay the interest on the loan, and the
balance will be invested and held by the
trustee as a sinking fund to retire the
new bonds when they become due ten
years hence. The property as it stands
is good security for the loan and its value
will be enhanced by the expenditure of
between $13,000 and $15,000, which goes
into the new addition.
The holder of the second mortgage
has agreed to accept bonds of the new
issue in payment of the present second
mortgage indebtedness, and it is be-
lieved that holders of the first mort-
gage bonds will also accept such bonds
to the amount of their present holdings,
instead of requiring a cash settlement.
At the present writing $8,000 worth of
the new bonds has been underwritten
among the undergraduates and the mana-
gers of the Club are confident that they
will sell three or four thousand dollars
more in the University. Ifthe holders of
the unpaid mortgage bonds will accept
the bonds of the new issue, there remains
less than $10,000 to be underwritten
among the graduates. Mr. Moses
Taylor, ’93, has consented to act as
trustee for the holders of the bonds of
the new issue.
The constitution of the Club has re-
cently been so amended that its further
amendment will depend upon the con-
sent of an advisory board of five gradu-
ates, elected by the Governing Board,
whose consent will also be necessary for
the expenditure of any extraordinary
sum of money, and also for the purpose
of securing a mortgage. To this com-
mittee will be sent complete statements
of the Club’s financial standing on the
first of each month, so that its credit
and welfare will not be dependent on
the chances of changing administrations.
The committee has not yet been elected.
To President J. Medill McCormick
of the Club and his associates in the
Nineteen Hundred Governing Board,
great credit is to be given for the
steady, uphill, but finally successful
fight, made for this great improvement.
Mr. McCormick has given much time
and thought, since his election as Presi-
dent, to ways and means for broadening
the scope of the Club, and the improved
service, the additions of last Summer,
and finally the new building itself are
largely due to his efforts. Among the
graduates who have given their assist-
ance are: Walter Camp, ’80; S. R.
Bertron, ’85; Moses Taylor, ’93; Frank
L. Polk, ’94; George T. Adee, ’95, and
Frank S. Butterworth, ’95. :
The Alumni Weekly Dinner.
On Wednesday, June 6, the ALuMNI
WEEKLY gave a dinner at the New Ha-
ven House to a number of graduates,
undergraduates. and members of the
Faculty. The guests were professors,
editors, managers and others holding
special positions in the College world
or in connection with the paper. . It was
intended, within small limits, to gather
as many representative men of the active
University world together as possible.
The dinner was announced on the card
as given “by way of a house-warming
and to talk over some things such as’:
“The Weekly”...... Lewis S. Welch, ’89
A Necessary Preface about Ourselves.
“The News”....George A. Welch, 1901
The Weekly’s Progenitor and Ally.
“The Alumni,” -
Who are Yale’s Reserves.
Charles Hopkins Clark, ’71
“The Undergraduates,”
Who are Yale.
_ Preston Kumler, 1900
“The Yale Education,” :
Professor Arthur M. Wheeler, ’57
“The Conclusion of the Whole Matter,”
Walter Camp, ’80
Colonel Norris G. Osborn, ’80, was
toastmaster and was very successful in
his conduct of the dinner. The point
The Commencement Alumni
Weekly.
The Commencement issue of the YALE
ALUMNI WEEKLY will be at least as
complete a record of all the events of
the last of June, as it has been in the
past. The speeches of the alumni din-
ner, the first under the new Administra-
tion; the baccalaureate address of Presi-
dent Hadley, his first; the two baseball
games with Harvard and the races at
New London; the award of prizes, the
record of the class reunions, the alumni
meeting, and much other news, with the
usual departments and_ considerable
illustration, will make a record of from
twenty-four to thirty-two pages, which
should be of no little value. It will
go to the regular subscribers of the
paper, without extra charge. It will not
be sent out as a sample, as has been
done in the past to those not on the
list. The price will be 25 cents. It will
be published about July 1o,
