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  • The Freemasons' Monthly Magazine
  • March 16, 1859
  • Page 6
  • THE GRAND LODGE PROPERTY.
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The Freemasons' Monthly Magazine, March 16, 1859: Page 6

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    Article THE GRAND LODGE PROPERTY. ← Page 4 of 4
    Article OUR ARCHITECTURAL CHAPTER. Page 1 of 5 →
Page 6

Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.

The Grand Lodge Property.

tion afforded them , which would go in further reduction of the loss which might by possibility be incurred—a loss which we believe would be readil y converted into a profit by the opening of a subscription , reading and coffee room . Wc should not have deemed it our duty again to havo alluded to the subject , at least for the present , did wc not feel bound to SIIOAV to the Craft that the decision of the

brethren of Dudley has been arrived at in a misconception of the facts of the case ; and that under every circumstance the Benevolent Fund must lie held sawed to ihe pui-poses fur ivhich it v : as subscribed . In conclusion , AVO beg the brethren to notice that the fifth question is put as an alternative . Wc are led to this remark b y observing that some ofthe Lodges in their replies hai'c ansAvered all the questions in

the affirmative—this AVO need hardly say destroys the value ofthe reply . We would also remind the brethren that the replies aro to be sent in to the Board of General Purposes on or before the 31 st of March , a period wliick is rapidly approaching .

Our Architectural Chapter.

OUR ARCHITECTURAL CHAPTER .

WE are very glad to receive communications in correction or extension ofthe statements Ave make in these Chapters , as they afford a proof of the groiving interest that is taken in the subject . Thus AVO learn from Leicester that the arrangements for the Hall there have been carried out in a much better manner than th . e first project led us to conceive , and that improvements have been made Avhich arc of

general interest . The ori ginal plan was to constitute the undertaking as a share concern- —an arrangement very defective , which ; as our correspondent shows , Avould have had the effect of making the trustees personally liable , and accountable to any individual subscriber- —a responsibility which it is most desirable to avoid . While the form of a limited

liability company gives a certain protection to the parties interested , ifc does , as already shown , bring with it other liabilities , whieh might be the fruitful source of litigation . There is besides , this fundamental objection—that the undertaking is made subservient to purposes of revenue and profit , as wc think needlessly for any financial requirement . The main basis of the funds for any such institution consists of the

voluntary contributions of individual members , and the appropriation of Lodge funds ; and in the course of time these will ahvays be found adequate to provide the Avhole capital . This is , however , a work of time , audit is requisite to provide funds to complete the building at once , in anticipation of the receipts . The usual way of meeting this want is hy way of shares , creating thereby a perpetual proprietorship , and tlie clanger of the shares , the property , and the control of the establishment passing into strange hands . There are , however , two

“The Freemasons' Monthly Magazine: 1859-03-16, Page 6” Masonic Periodicals Online, Library and Museum of Freemasonry, 7 July 2025, django:8000/periodicals/mmr/issues/mmr_16031859/page/6/.
  • List
  • Grid
Title Category Page
THE CANADAS. Article 1
THE GRAND LODGE PROPERTY. Article 3
OUR ARCHITECTURAL CHAPTER. Article 6
MILTON'S GENEALOGY. Article 10
ANCIENT RECORDS. Article 11
THE INDIAN RELIEF FUND. Article 12
SOLEMN ADOPTION OF A MASON'S CHILDREN. Article 13
EASTER DAY. Article 14
TIME'S BOOK. Article 14
SONNET. Article 15
CORRESPONDENCE. Article 16
MASONRY IN INDIA. Article 19
COUNTRY LODGE ROOMS. Article 20
THE MASONIC SCHOOLS. Article 21
MASONIC COSTUME. Article 22
THE MAIDA HILL COLLEGE. Article 22
THE MASONIC MIRROR. Article 24
METROPOLITAN. Article 25
INSTRUCTION. Article 30
PROVINCIAL. Article 30
Untitled Article 35
MARK MASONRY. Article 35
ROYAL ARCH. Article 36
KNIGHTS TEMPLAR. Article 38
SCOTLAND. Article 38
AMERICA. Article 40
MASONIC FESTIVITIES. Article 44
THE WEEK. Article 45
Untitled Article 48
TO CORRESPONDENTS. Article 48
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Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.

The Grand Lodge Property.

tion afforded them , which would go in further reduction of the loss which might by possibility be incurred—a loss which we believe would be readil y converted into a profit by the opening of a subscription , reading and coffee room . Wc should not have deemed it our duty again to havo alluded to the subject , at least for the present , did wc not feel bound to SIIOAV to the Craft that the decision of the

brethren of Dudley has been arrived at in a misconception of the facts of the case ; and that under every circumstance the Benevolent Fund must lie held sawed to ihe pui-poses fur ivhich it v : as subscribed . In conclusion , AVO beg the brethren to notice that the fifth question is put as an alternative . Wc are led to this remark b y observing that some ofthe Lodges in their replies hai'c ansAvered all the questions in

the affirmative—this AVO need hardly say destroys the value ofthe reply . We would also remind the brethren that the replies aro to be sent in to the Board of General Purposes on or before the 31 st of March , a period wliick is rapidly approaching .

Our Architectural Chapter.

OUR ARCHITECTURAL CHAPTER .

WE are very glad to receive communications in correction or extension ofthe statements Ave make in these Chapters , as they afford a proof of the groiving interest that is taken in the subject . Thus AVO learn from Leicester that the arrangements for the Hall there have been carried out in a much better manner than th . e first project led us to conceive , and that improvements have been made Avhich arc of

general interest . The ori ginal plan was to constitute the undertaking as a share concern- —an arrangement very defective , which ; as our correspondent shows , Avould have had the effect of making the trustees personally liable , and accountable to any individual subscriber- —a responsibility which it is most desirable to avoid . While the form of a limited

liability company gives a certain protection to the parties interested , ifc does , as already shown , bring with it other liabilities , whieh might be the fruitful source of litigation . There is besides , this fundamental objection—that the undertaking is made subservient to purposes of revenue and profit , as wc think needlessly for any financial requirement . The main basis of the funds for any such institution consists of the

voluntary contributions of individual members , and the appropriation of Lodge funds ; and in the course of time these will ahvays be found adequate to provide the Avhole capital . This is , however , a work of time , audit is requisite to provide funds to complete the building at once , in anticipation of the receipts . The usual way of meeting this want is hy way of shares , creating thereby a perpetual proprietorship , and tlie clanger of the shares , the property , and the control of the establishment passing into strange hands . There are , however , two

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