Morgan resigned as the club's first president that February and was replaced by Levi P. Morton, although Morgan remained a member of the club. The board of governors voted in 1921 to charge each member another $100 to cover the club's budget shortfalls. The club continued to lose money, and the board of governors levied additional fees on existing members to cover the shortfall. The club finally succeeded in raising membership fees in 1923. This allowed the club to earn a small profit in 1924 and repay the clubhouse's mortgage the next year. Over the next two decades, the club earned $42,000 to $118,771 per year from these contributions. After months of deliberation, the committee proposed that the club begin allowing foreign members, add a gymnasium and bedrooms, renovate the squash court, and allow members to smoke in the dining room. Male non-members could use the strangers' wing for up to one week and could be invited to the strangers' dining room as frequently as once per week. Russian government for use as a consulate. With the repeal of Prohibition that year, the club applied to the New York state government for a liquor license.
After Prohibition in the United States began that year, banning the sale of alcoholic beverages in the U.S., the club's executive committee began allowing members to bring their own drinks, charging a service fee for each drink. In addition, the club added lockers for alcoholic beverages. In addition, the club's mortgage loan from Mutual Life was about to mature, but the Metropolitan had not paid interest on the loan in several years. In addition, the club borrowed $25,000 at the end of 1912 to pay for additional events at the clubhouse. Existing members were not visiting the clubhouse frequently because they were attending events elsewhere. Nearly all of the club's original members were Episcopalians with English or Dutch ancestry. Archived from the original on 8 January 2012. Retrieved 24 December 2011. FCS is a snooker equipment manufacturer that also runs a snooker statistics site. Roosevelt resigned in January 1934, and Ambrose D. Henry became the club's sixth president, although he served in this role for less than a year. Due to slower-than-expected bond sales, the club also raised the annual dues the next year. After the Metropolitan Club allowed Union Club members to begin drinking at its bar in 1902, daily revenue from the bar increased tenfold, from $12.50 to $135.
By then, the New York Daily News reported that the Metropolitan's members were on average 65 years old. The club had 1,200 to 1,300 members by the middle of the decade, of which about 1,000 were resident members. By 1918, there were 125 Metropolitan Club members fighting in World War I. Ultimately, six club members died in the war, and a plaque was installed on the main floor to honor them. At the time, the club had 934 members. The board of governors considered several plans to reorganize the club in early 1945, including selling the clubhouse. The club was still operating at a deficit in 1900, prompting the governors to increase the annual dues. By the beginning of 1923, the club had 1,199 members, and its restaurant was losing thousands of dollars. At the time, the club had five surviving charter members, who had joined when the club was formed.
By 1990, the Metropolitan had 2,200 members, including 100 women. The New York Sun believed that the mere presence of women "is likely to bring about changes" to other clubs. The southern ground-level lounge was converted into a bar, and the club also began allowing women to eat dinner in the main clubhouse. The club celebrated its 50th anniversary in 1941 with a dinner at the Everglades Club in Florida. By late 1944, Mutual Life was threatening to auction off the clubhouse if the club could not pay off the mortgage loan. Another donor also offered to provide $50,000 in matching funds annually for five years to pay off the club's debt; this donor ultimately paid $100,000. The city and national governments began charging taxes on the Metropolitan's membership dues in 1961, though the federal tax was repealed four years later. Some were members of families who had long dominated New York City society, while others were lawyers, art patrons, and bankers. The club had 1,030 members by the following year, including influential industrialists, politicians, and financiers, as well as members of well-off families.
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