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.