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It was a luxury that even Williams College can't afford anymore. The Wall Street Journal reports today that the highly selective liberal arts college in Western Massachusetts is closing its stand-alone club for alumni in New York City, one of a few such clubs that remain. "After nearly a century of serving our extended New York City community from our location on 24 East 39th Street, the Williams Club will cease its own clubhouse and hospitality operations," the head of the club's board wrote on its website.