Fed. Dues Tax State Sales Tax — See. inv alOe West Disindectant Coe Sam's Garage | Standard 011 — D.BeBell & Sen ReA.Sphar (sank) Brune Ernst & on Laundry C.G,Sehuls Verld Co. Green Bros. Friend Lbr. Cegil Smith “Everett Winters E.Bulley Walter Moore G.Pontius G,T Hetzel — Manley Tas. 121-728 Kaw Valley Fuel 2 Green Bross mt Laundry 3” Pehahard See 3 Weaver's 3 T.G.Fitch Ing 4 Standard O12 4 F.E.Bonks Ins, 6«7 Hab eg Lor. & . Auto Wreeking D.5.Bell & Son T=8<9 World Co. 7 Cutter Hawes GO. ? HY. Stowits 8 6.40 4.93 10.29 17,40 7.59 1.53 30.0° 9.99 7.00 5.97 43,06 see? 16.76 30.00 568 26.58 2.90 168 Me 17.40 7,50 1,53 $0.00 5.97 18.37 18.00 10.43 2,89 87.52 24,75 _ 67.87 15900 77.82 ; 282 10.56 139.12 , 10,59 SEY. _ MISC 500 1.25 4.25 6.40 4,98 INCOME TO DATE Dues Tr. Fees Gr. Fees H,xent Slot Mach, Towel Rent Caddie ins. Wer Tex Disbursements Checks & 1106.36 ‘Service Chgs. | To Mts. Fund 105 .42 Bal, 8.89. Balance in Mtg.Fund $ 182.29 Deldnguent dues e 543.7) tes eases ; “Proposed budget 1940=41 based on five year average income Greens $ 2000.00 3300,00 2800.00 "26.00 60.00 June 12th, 194 -§ if i sist i tt He 1 dis EA Ar 2% iit zi! uit : Fe Hy f i ee £23 it 7 iE ; 3 i i ig a BELG! AE in reclaiming r@ should the olub deside to go bask ef such @ procedure would be tremendous ty was cd te te ask the never oomtri (ia sie id Gi ite eapital indebtedness, then that. and S8ill emother proposition was to borrow this amount of money % to the total indebtednesa. /ny businese nem can see that this aaa the worth of our club. When a corporation or a club pays by . 23% uh =2- Still another proposition was to borrow this amount of money and add it to the total indebtedness. Any business man ean see that this would be devaluating the worth of our club. When a corporation or a club pays off its debt by borrowing and increasing its capital indebted~ ness, then thet is poor business. I have a statement rendered to the members of the Board by Mr. Wetzel, If you are interested I would be very happy to have a conference with you and go over the entire proposition. I realize that there are many members who feel that it is not necessary to increase the dues be- cause they have not heard of the very difficult financial situation that our club has been in. The Board thought that for quite some time it should notify the members, but the purpose of this special meeting is to give each and every member an opportunity to express his pers nal view and to vote his convictions at the meeting to be held on July 17, 1941. I might mention that over and above these unpaid accounts of $2167.81 we have notes payable of $1300, making the total current debt of the club as of June 30th $5467.81, In closing I wish to point out again that while the writer and the Board have been reluctant to increase the dues, it seems that this step will be necessary if our club is to continue to operate for any appreciable length of time. I am, therefore, asking your cooper- ation in authorizing this increase in dues. I am enclosing a proxy and am asking you to kindly sign one of these and mail to me if you — will not be present in person. We are in a critical condition and we need your full cooperation, FCA:AH ember, Board of Direc’ 2 July 11, 1941. Mr. George T. Wetzel, 818 Missouri Street, Lawrence, Kansas. Dear George: I have chosen this method of contacting my fellow members in the Country Club. I expect them to get this letter and read it over. This will be some- what of a shock to them, and of course their antagonism Se ni e But I have found that many times when an in- dividual geta a letter like this he will sit and ponder and, having no one to vent his rage upon, his logical mind will look at the figures and say, “Well, we are not meeting our bills. What does an ordinary fellow do when he finds himself in this position?” — Then I am going to allow two or three days for this to soak in and I will then call on each indiv- idual member and endeavor to sell them on the proposition of increased dues. I do not know whether I have done this correctly but this is my wey of doing things and I trust that it gets results. I assure you I will give my very best efforts to this proposition. Very sincerely yours, Director of Physical Education and Recreation, FCA: AH Varsity Basketball Coach. nce Following people were sent Country Club Letter July 12th---Inclosing Proxy and Financial Statement Prof. R. M.. Davis Ruth Hoover Prof. d. 0. Jones Prof. Ogden 5. Jones Karl Klooz Dr. W. Otto Miessner Dean.F. J. Moreau, dean of law Prof. D. L. Patterson, History Department Dr. N. P. Sherwood, Bacteriotogy Department Guy W. Smith, Math. Department Frof. HE. A. Stephenson, School of Beene eee Dean E. B. Stouffer, Graduate School Dean D. M. Swarthout, School of Fine Arts Mr. N. M. Wherry--Principal of High School Dear Fellow Members: You will note the attached notice of a special stockholders’ meeting which is to be held July 17, 1941, contemplates an increase in dues of slightly more than $1.00 per month for regular members and $0.50 per month for social members. During the past several years your Board of Directors have devised various and sundry means of eliminating the necessity of increas- ing dues. Each of these methods has given only temporary relief and we are again faced with the problem of meeting our current expenses. We started the fiscal year October l, 1940, with unpaid bills of $1,841.20. As of June 30, 1941, we had unpaid accounts for 12 months or more amounting to $1,534.82 and unpaid accounts for less than 12 months of $632.99, making a total of unpaid bills of $2,167.81. Over and above these unpaid accounts we have notes payable z —— making the total current debt of the Club as of June 30, 3,467.81. 3 If the Country Club is to continue to operate, it will be necessary to make some provision to take care of the above mentioned accounts payable and also maintain a balance between income and expenses. In analyzing this problem from all angles the Board finally decided that the only solution which would be of any lasting value would be to increase the dues as stated above and operate the Club on as economical a basis as possible until the old accounts have been taken care of. In checking the Clubs in this part of the State I find that our dues at the Lawrence Country Ulub are considerably lower than any equivalent Club in this part of the State. The Club having dues nearest ours is the Leavenworth Country Club whose annual dues, as far as we can determine, are $60 per year for regular members. Other Clubs in the immediate vicinity have dues varying from $60 to $120 per year. From the foregoing it is evident that we have been getting by the last several years on dues well below those required by Clubs operated similar to ours in this area. In the light of the above, I feel that we have been extremely fortunate in being able to maintain our dues as low as we have during the past several years. In closing I wish to point out again that while the writer and the A Board have been reluctant to increase the dues, it seems that this step will | be necessary if our Club is to continue to operate for any appreciable length of time. I am, therefore, asking your cooperation in authorizing this increase in dues. : Yours ‘very truly, © W. H. Ruese, President. FINANCIAL STATEMENT AS OF JULY 10, 1941 INCOME Dues «=< --4--+-- $ 4007.19 Transfer Fees + = - - - 30.00 Greens Fees - - - - - - 431,81 Recreation receipts - - 1155.18 House Rentals - ~ + - - ekg, ou Locker Rentals - - - - - 118.50 Towel Rentals - - ~ - - 67. Caddie Insurance - - - - 22.80 Loan Receipts - - - - - @el+ 9) Mise'l.- --------=- $1.18 Gig. 63 DISBURSELENTS Office Expense - - - - - $ 417.63 Manager -------- 495.00 House Expense - - - - - 2510.50 Greens Expense - - - - - 4U37.55 County Taxes --- - - 254. 87 Social Security Taxes - 64.06 Kans. Unemployment Tax - 86.48 Miscl. Interest - - - - 52.6 Mortgage Interest - - - 430.70 State Sales Tax - - - - 29.79 Excise tax 1940 - - - - = _ Mise'l -------- 978 ye Dues in arrears - - - - $ 487.69 General Fond Balance - » 34 JUNE ACCOUNTS UNPAID OTHER UNPAID ACCOUNTS C. Pontius (miscl) $ 3.62 Winter Chevrolet | 975 Browning Sand Co. 14.00 Fred Shimnons 1.80 Barteldes Seed Co... 19,90 C.G.Schalz . 1,00 Bus.Mens Cr.Assn. 6,12 Standard Oil 19,40 H.W.Stowits 1.53 A.S.Wettig 1.60 Chas .Pfizer & Co. 63.28 Sec.Inv.Co. (uly) 30.00 C.Pontius 49,50 State Sales Tax 6.10 Dues Tax 28.30 See.Sec. & Ks.Unemp, (Qr) 48.40 G.T.Wetzel 19.80 C.Smith 62 .42 BE e Gulley 60 e 88 Tom Bayd 45.12 C.Rowlend 56.83 550, JUNE ACCOUNTS PAID County Taxes = last half =-=-- 127.82 K.E.P.Co. 95.51 C.Smith (part June) 45.00 E.G@ulley * ” 350.00 Tom Boyd * ” 30,00 C. Rowland 14 . 50.00 G.E.Charlton (in o) 4.00 F.J.Moreau — 4,00 C.Pontius (May) 49.50 City Water 33.49 Telephone Co. 21.29 Sec.Inv.Co, (June ) $0.00 Paul Benson -63 eer Olé INCOME TO DATE Dues = += =- = = = $ 3946.04 Transfer Fees - - 30,00 Greens Feese - =< » 431.81 Slot Machines =-« 1155.18 House Rental = «= + 248, 24 Lecker Rental « «= 118.59 Towel Rental «- - + 67,40 Caddie Ins, = == 22.80 Loan Receipts <- = 287.33 Misel, = #«<+=«+-« 81.18 DELINQ) ENT DUES.« - - = $ 523.76 GENARAL FUND BALANCE 34.08 OTHER ACCOUNTS PAID SINCE LAST MEETING Green Bros.(on old acct) Kitchen Craft Co. (old) Lawrence Iron Works Paul Taylor C. Hodges C.Pringle C.Siefert Delmar Nelson C.Pontius (Misel) C.Smith (Mey) E.@ulley " Tom Boyd & C. Rowland * Telephone Co. City Water G.T.Wetzel (May) State Sales Tax Dues Tax Chas Pfizer & Co. Postmaster 20.00 15.25 3.00 9.70 2.87 22.65 2.75 9.65 8.39 111,75 90.14 76.04 72.40 16.95 30, 86 19,80 4.06 37,54 68,52 5.00 Friend Lbr.Co. $ 38.10 Standard Oil Co. 253.04 Weaver's 44.10 E.W.Penchard ey. : 67.88 Green Bros. ~ 189.42 Barteldes Seed Co. ; 489.76 Charlton Ins. 74,24 Banks Ins. 78.71 Fitch Ins. 39.75 Manley Ins. 191.76 Kaw Valley Fuel Co. 112.49 World Co e : 9 e 95 Poehler Mer CO. 22. 74 Bulloek Printing Co, 26.01 American Dis.Co. 20.00 2071.05... 550.25 621,00. ad 620.10... MEMBERS IN AND OUT SINCE LAST SEPTEMBER ° _ OUT IN mN REGULAR @- - = A.S.Anderson LOANED = - - Clarence Gorrill REGULAR - = Dr. Lindenberger Sam Hurwitz Donald ilachin R.W.MeClure L.L.Ware L.F. Phillips W.Otto Miessner — C.D. Maier Ned Swope — | : | es oe Ad Lindsey Mrs.H.S.Nelson § SOCIAL = = Mrs.Ann Kirchheff M.A.Gorrill Chas. F.Oehrle Mrs. DeWatteville H.A Veatch Francis Pardee Mrs, Emery = Dr .Mott Wade Pierce Mrs. Funk H.W.Keene W.A. Moore C.J.Perkins R.A. DeWatteville Rex Kendall Mrs.Floyé Rankin Gene Glahn Dr. E.E. Leasure Mrs.Liotle Roos LH. Houston Tom Parker lie * §.A.Wood _ J.deJdakosky NON-RES. © LaVerne Phillips LOANED «+ ~ - T,.S,Abels | ’ * Ross Channell Earl Whitley F.E,.Geodrich ASSO. ‘JR. - Paul Barnhill B.M. Babb | Loring Dalton J.G,.Wallace Harold Flanders Robt Haggart Chas Lang J.T. Farley Jack Miller * L.W.Lee Fred Rumsey NON@RES.= - - Ed Hunt A,B. Senne C.W. Binyon Peter Swarts SOCIAL == - Inez Brokaw Ben Barteldes C.J.Perkins Wm, Tanner Geo.Kirchhofff James Kell TRAY SIENT = ~ Dr.Fred T. Renick Den Shultz ASSOCIATE = = Harold Flanders * Carl Nesbitt ovine H.J.Hama dr. * SINCE LAST MEETING REPORT ON KeA.G.A. TOURNAMENT RECEIPTS DISBURSEMENTS 23 Member Clubs @ $ GOO ~ - - - - $ 115,00 To ProwAmatemur «= - -- - - ~ - $ 100.00 13 Amateur Registrations @ $5.00 + 65.00 To Wichita for 1942 «+--- 19.45. los " " @ $3.00 + 324,00 Trophies & Engraving =----- 188.85 3 Four Men Teams @ $2.00 = -- - 6.00 Promotion: Adv. Post. & Sta, = 130.22 ' Donations ----<+ === e= == 50.00 Barbeque & Banquet Expense <- 161.67 Barbeque & Banquet tickets sold <= 12.92 Benk Service Charges = == - ~ 2.03: From Wichita#1940 Tournament = - - viii any Septeuber &, 1941. Mrs. Chick Pontius, 1428 Ohio Street, — Lawrenoe, Kansas. Dear Ers. Pontius: I won a consolation prize of $2.00 in Class B flight. This pop was charged to take up the credit, but I did not trade it all oute I am therefore enclosing to you a check for 68¢ to cover thie bill. Please confer with Mr. Pontius regarding. this. Very sincerely yours, : 3 ‘Direetor of Physical Education and Recreation, FCA:AH ‘Varsity Basketbsl 1 and Baseball Coach, Rncl.