The Archive · 1937

Big Scheme for Wembley Making Room for 40,000 More

Spectators

It is planüed to increase the accommodation at Wembley Stadium by nearly half so that there will be room for 40,000 more spectators at next year's F. A. Cup Final, and at the England y. Scotland match which is also due to be played there.

Mr. A. Brook Hirst, a member of the Football League Management Committee and Final Tie Committee, disclosed at the annual meeting of the Football League in London recently that negotiations had been proceeding - with the Wembley authorities. The suggestion was for additional terracing, supported on pillars, behind each goal, capable of providing for 32,000 to 36,000 spectators and also room for an extra 4,500 alongside the touchlines.

"The alterations would cost approximately £60,000 and, continued Mr. Brook Hirst, the burden would fall on the Football lation. The F. A. needed an assurance that they would be recouped over a period of years for such an expenditure.

One of) their ditions was that their lease of the Stadium be extended from seven years to fourteen. it was also necessary that Cup finalists of the future should not seek an increased share of Cup Final proceeds. The clubs agreed not to ask for an increase—the share of the finalists is usually about £5,500—and Mr. Brook' Hirst thereupon said he would put the matter before the Finance Committee of the F. A. later.

The present accommodation at Wembley is approximately 93,000. Hampden Park, the venue of the Scottish Cup Final holds 150000.

Lyman J. Gage, financier, and in March 1897 when Mr. Gage was appointed Secretary of the Treasury. Mr. Vanderlip became his secretary but three months later was made Assistant Secretary of the Treasury.

During the Spanish-American War e floated a $200,000000- loan by ular subscription. His handling of the war loan attracted the attention of the nation's leading financiers, and Mr. James A. Stillman of the National City Bank of New York offered him a post.

Eight years later, with deposits reaching $240,000,000, Mr. Vanderlip was made president of the bank. He retired in 1919. Thereafter he did much travelling in Europe reviewing post-war' conditions. He deplored American activity in European finance. He later prophesied the American boom, ün an address in February 1924, he declared that President Harding had sold his poper, the Marion Star." for $550,000 "when everybody could see it wasn't worth half the sum." The implication caused a sensation in Washington, In April 1024 reverberations of the affair caused his retirement from active business and he returned to Wall Street in 1927 only as a special partner in the firm of Starring and Campbell, acting in an advisory capacity, Mr. Vanderlip married Miss Car-cissy Cox of Chicago, in 1908. Their children are Charlotte D., Frank A. Virginia J., Kelvin and John M. He held trusteeships in the Carnegie Foundation the New York University, and Massachusetts Institute of Technology. He held many decorations from foreign goyernments—United Press.

Text read from the printed page and cleaned; old type leaves the occasional error.

Your account