New-York tribune., 1870-11-26

Iuiu
rcctin thereon Palace of Industry for al nations.
e,a t,ot extends from NinctyeiShth TO OHe-hnndfed
,, scc,nd ~ and from the Third TO the Fourthaye',
forming m area OF 22S acres, uncut by any streets
of the most credable acts passed by the last Leg
stature Of the state of NcwYorE was the act mcorpofat
ING the Industrial Exhibition Company OF Nc"-fofk'
section w. Of It's Charter explains the objects OF The
Company: , -,
ercrlo> " The said Cooperation is hereby author
zed L. purchase and hold such real este a my my M oe
yeces,aTy aad 10 construct thereon sAcA bWiulss Us
@ lc necessary for the maintenance and carrying on
ny - nees ~ cvbiIting the products goods,
and merchandise machinery, mechanical inventions ann
aroyccuts o. every nature, name and Kind, and such
! n, .,b,iturs therein such prizes ana metals, aud
honorary distinctions they shall deem proper; apd 10
lease let or own stalls, stands rooms ana places IN sara
TuInr on huIings upon such terms and conditions ~
he Board Of Directors shall deem best Tor tne lnteesS
of said Company, and for the promotion ni science A,
Commerce. and Literature Ana the said COMPANY @ y Is
hereby further authorized 20 c.h.ru,t s'aoot d Id Id
stltury Of any nature and kind and TO buy ana sell
for the creation OF the same Us such l5p,lu VI iI
NAV deem nrluer: and generally said Corporation slll
have pnWer carry In its said buildings Cfeotu lo
| tle purposes hcreinbcfCre mentioned, an tSll am
rro,rr business. Aud said COroTdtOn rs htIcoN ul 'I
rroVions Of law relating 10 deyso ana beques by last
VII and Testament, grant, lc.s OF & COW ',l me- a or r
u.o, to in. ON tie business hereby authorized to
! bc carried on 10y said Corporation.
SECTION VIII The building to be erected slal! be ire
P'''' r,lPoRrANT To STOCKHOLDERS.
se.ton *. OF the Charter reals:
srrrIoN IX Persons subscribing 20 the Stock Of this
company or being Directors shall incur personal la,
h.c, s, youd tne amount OF the capital stock held and
Owned hy then, respectively.
,uterrviIcces that il wasrght for the state o. New
York 60 grant TO corporation have been in s charter
granted 10 this Company.
It now rests with the people TO complete tiis work
The country is ripe for th, great Improvement New
York is the center oi this country.
Seventeen years ago q ystal Palace was opened III
New York.
That Palace was a toyhouse compared with this and
the New York of Il years ago was toycity compared
with NewYogk OF today.
1t l. estimated that NcvYorf received benefit from
that cutcrpr, OF not less than forty mhoEsof dollars
STATISTICS.
IScniNsE OF rgI POPULATION or THE UNITED STATS AND
on NEW YORK CITY SINCE 1850.
Popnl,ti,u II the United states in 1880. .93l9Sie
Population Of New-lork Citv lsjO...... 6l5'5iI
Population OF Ncw-lolk City. lS'O....... lOi5'-i5
No of miles Of railroads in 1850. 0.......... ',o03
No Of miles Of railroads in 1870 47,2jl
In 1880 the United states by Europe regarded ne
secondary power. In 1870 it is appreciated as leading
! Government.
its the fashion for Americans to visit Europe This
enterprise bciug carried out bcns Our nation, the
tide OF travel will turn, and bring hher in crowds the
inhabitants OF transatlantic countries.
| EIIGIBIIITY AND MEANS OF COMMUNICATION.
; The Palace viii situated below the center Of the
Island, only block removed from Central Park The
NewYork Central Hudson River Railroads, tho Har-
a lem, the Eew-York and New-Iiaven Railroads, Will
= ali have depot the ground. The Thrdave. Railroad
+ passes on one side Msdson-ave. Railroad on The
other The Second Railroad is only 800 feet distant
The East River only feet No other spot OF
- the Island so central and easily reached by tine pco
10 pies Of both Brooklyn and Ncw-York.
VIII the stock pay
The sources Of income Rent Entrance fee OF ex
hbtors Admission fee of visitors; Charges for expenses
There is space be rented to exhibitors 2,s40
square feet q per square foot, equal to Ss4I,0O0
Each exhibitor would be- required to pay al entrance
fee of $50; No. OF exhibitors, S2oOSequa TO ssOoOO
Daily visitors ought to Ghere being 10000 stran
gers in New-YOrk each day. l2Oo0. at 50 cents each
| 81, 10000 per year.
Then on 1900 exhibitors
Each exhibitor will be required 10 pay for the fol
lowing articles:
Gas......s $50 per year Police ......s20 per year.
, Water ...... 10 per year. Janil lOrs... % per year
! Heat .--..-. 20 per year
r $l10 per ycar.............. S,52Oo0o
RECAPITULATION.
hComc from rent, at VI per square 900
Iutaucc fee for exhibitors at $50 each. 100000
Twelve thousand visitors daily at 90 cents each l,SOOO
Uas water, heat, jantors and police. at Sll0 ~
S'o1VVo
Total income. s9,l24 oco
| Estimated e. pen ,cs including interest and sink
ing fund at rate OF sO0OOO annually $685. 900
Net income 33I 600
The estimated receptsIe below the receipts Of similar
enterprises aud the expenses, including purchases OF
"Fine Arts" curious machinery, and cuTioses. one
third greater.
The upper story Of the building will be an Art Gallery
with sky light opening through the top.
The width Of the Art Gallery win be $50 feet and the
length will he 7CO feet or two rows paintings which