Word: grolier
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...Ordway, Lawrence E. Sexton and Amos T. French. In their report they estimated the annual income from the present membership of about 600 resident and non-resident members at $10,400. It was therefore recommended to purchase land and erect a club house similar in general arrangement to the Grolier Club, at a cost not to exceed $60,000. Half of this amount it is proposed to raise by subscription among the members as a gift to the club. Interest on the mortgage for the rest, $30,000, and the expenses necessary to maintain it, was estimated...