The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-02-12
yrru.x PROSPECTS OF rHx xsr1RraIss.

The explanations above given in regard to the ex-
penditure made with particular reference to the
ilse 10 which the building shall be hereafter put IL
is plain that the fnanca prospects of the Association
depend the employment TO be made for the build
ing for the future and it is in this point of view that
il is important TO call attention to the amount Of re-
celpts during the actual period of exhibition, and
10 show how small the regular expenditure hereafter
will be, compared with what il has hitherto been
The recent exhibition was the result of arrange
ments necessarily peculiar and temporary in their
character, and this statement is made out so as to
show as far possible wha. expenses have been pecu
liar TO the first organization Of the enterprise and what
may be looked ON as regular and necessary disburse
menfs In the future arrangements, the items in
Guided under Incidental expenses will be nearly all
struck off, and the chief necessary addition TO the
above amount Of 1906, as the daily expense will be
such sum as it is thought expedient to appropriate
TO printing, advertising, and giving publicity to the
enterprise
In regard to the future the directors are very con-
dant Of success il the Importance of the object is
properly regarded by our people, As an Industrial
exhibition, the result OF the enterprise has been very
far beyond anything that could have been expected
Taking into view the distance from Europe and the
difficulty of inspiring confidence in the action of
foreign private corporation II is certainly remark
able fact that the industry of the Old World, both
OF governments and OF private individuals, should
have been so largely and so strikingy represented;
while the progress of our industry has never
before been made so prominently manifest.
The Board has received the most gratifying assu
from al parts Of the Union To the benefits
which the enterprise is considered as having con-
tered on the art and skill Of the country. The
benefits conferred on the city are familiar TO all per-
sons who have witnessed the effects OF the exh
biiioE. The trade and enterprise of New York
o. its hotels its retail dealers, the omnibus ana
riilto DAD interests have all been materially assisted
by il.
Bat erati6ed as the directors have been BY the
knowledge that the exhibition useful to the couu
try at large and 10 the city in particular, they have
always felt that their first duty was 20 their own
stockholders, and they have deeply regretted that
the financial results should be, thus far so little sails
factory Bat they repeat that if the thing is proper
ly looked at, the prospects OF the enterprise were
never in reality so favorable,
Early in the fall, when the directors found thu, the
shOrtAess Of the season and the magnitude Of the
disbursements Yo1ld render it impossible 10 return
any part of tie capital this ear hey took into
sderation the subject OF the future, and after much
anxious consideration, they determined to heat the
building. TO proloDg the exhibition, and TO make 1t
permanent. The heating arrangements have long
since been perfected sud are completely successful.
PHRYANENcs or TIE EXHIBITION.
In making this decision, the directors have only
initiated what has been done at London and st Paris.
The Crystal Palace at Hyde Park has been put up ut
Sydenham, and tie Palace OF In lustry at Paris is
of permanent character. These great establish
ments, where the Industry OF various countries and
climates can be represented, where the eye can take
in at glance the extent Of the results Of human art
and ingenuity of the various prsduets Of the earth,
and the fabrics Of human industry, appear to be 3
necessary compliment to modern commerce and
civilization.
Neither London nor Paris is visited by a more
active or curious population than our own city. and
re cannot doubt that if o permanent exhibition of
the Industry OF the world will succeed In either of
those capitals it will succeed here.
The building which we have erected is unequalled
IN beauty; il Will long be unique for the purposes of
exhibition, and there is no reason to suppose that
the city government will disturb it as long il is
il has lhus far been, source Of benefit to the city
There rs fortunately no class Of our people who
Injured by the operation OF such exhibition. 1t is
impossible that any of citizens should be other
wise than benefited by whatever brings crowds of
visers to streets, tends TO augment the atrac-
tons of the city, AID 70 increase its metropolitan
character.
There is nothing to which art can look forward to
among us SO well calculated TO promote s interests
as the permanence of the Exhibition. We have now
here for the first time great gallery, capable of re-
ceiving ana exhibiting painting and fcuipture 70 an
almost unbounded extent.
We are addressing You as stockholders, and stat
ing what we consider the reasonable prospects of
the enterprise financially, but we do not pretend to
be Indifferent to the matter as citizens The struc
ture on Reservoir Square is universally conceded to
he an ornament to the city; II would be any of
the capitals of Europe. The sympathy and support
OF the people of New York can make i. permanent
addition 20 The wealth and attractions Of our metro
polls. 1t would discsedit all if that beautiful.
structure were removed or turned over to unworthy
purposes. We believe, and We think that yon will
agree With us that we have done right in deciding
10 devote it permanently to the exhibition of the
art and industry Of the world In this matter how
ever interest whether as directors or officers il
no greater than yours. The power rests with you,
and any conclusion on the subject TO which you
come or any change that yon desireto make, will be
most cheeIfullv acqUiesced in by u.s. The labor of
the enterprise has been far from tiing. It's bane-
cent results matter Of great personal sat'sfac
ton TO US. We have no doubt of its ultimate final-
cial success il that feeling is manifested in regard
to it which true sense of the Importance Of the
establishment TO the best interests of art and industry
appears TO us plainly to dictate.
1t is proper to add, wha. may not be generally
known to those who have not recently visited the
Exhibition, that it continues open that the number
of Withdrawals is very inconsderaole in comparison
10 the mass OF goods exhibition that the great at
fractions still remain, and that we have reason TO
believe that the materials OF the next years display
viii be as instructive and interesting "a those Of the
past have been.
THEODORE SgDGwIcK, President.
IAgAN C. SrTART. Acting Secondary