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Victor J. Dowling

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dues fifty dollars semi-annually was carried, and on December 5, 1895, a committee was appointed to prepare a plan to discharge the indebtedness of the Club; another, of five members, at the same time, being asked to inquire into the Club's rights and privileges regarding the lease of the Stewart house, and to look about for a more suitable residence.

The Club, December 10, adopted a motion to extend an invitation of membership to the members of the Democratic Club, without payment of an initiation fee, provided one hundred joined in a body.

In January, 1899, the question of the Stewart house lease was taken up in earnest, the Board of Managers holding a meeting on the twelfth, with the result that a committee of three, including the President, with power to increase its number if expedient, was appointed to confer with the owners of the Stewart house and endeavor to obtain a surrender of the lease, and also to look about for another clubhouse.

The managers reported that the experience of the two previous years had shown the revenues of the Club to be inadequate to its expenses, and that they had, in consequence, devised a plan for obtaining voluntary subscriptions to bonds for the purpose of liquidating the Club's indebtedness; and, to this end, a committee had been appointed to dispose of the lease of the Stewart house and secure new quarters-members, according to Article II, Section 14, to be assessed fifty dollars to pay the Club's indebtedness.

The Board of Managers, composed of Mr. Coudert, Mr. Gilbert, and Judge Truax, announced, February 6, 1899, that they had successfully negotiated with the owners of the Stewart house, who agreed to cancel the lease after the following May. Upon mature reflection and careful consideration, it had been decided to take the premises of the University Club, on the corner of Madison Avenue and

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