New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-11-24

IL EtI 81 VI
1,e above tract Of lard has been purchased by THO
Industrial Exhibition Company for tho purpose OF
esecting thereon Palace OF Industry Ior all ia'ohs
Said tract extends from Ninetyeghth to Onehundred
.ndsccond st. and from the Third to tho Fourth-ave,
forming an area OF 22i acres, uncut by any streets.
One OF the most credable acts passed by the last Leg
satre Of the State Of NewYor the act Incorporate
ing the Industrial Exhibition Company OF New-York
section w. Of its Charter explains the objects Of the
Company:
SECTION ". The said Corporation is hereby author
ired TO purchase and hold such real estate as may be
necessary and to construct thereon such buildings as
may he necessary for the maintenance ana carrying on
and merchandise machinery mechanical inventions ana
improvements of every nature name and klnd ad such
are Lr1 such an pr e' and medals aud
honorary distinctions they shall deem proper ana 10
building buildings upon such terms and conditions as
the Board of Directors shall deem best for the Interests
OF said Company, and for the promotion OF science ART
Commerce, and Literature. And the said Company Is
ture-gaeries, and 10 exhibit therein paintings and
statuaTy of any nature and kind and to BUY ana sen
such paintings and satuary and TO award such prizes
for the creation of the same as such Board of Directors
may deem proper and generally, SAID Corporation sht
the purposes hereinbefore mentioned ali legal and
proper business And said Corporation Is hereby further
provisions law relating devses and bequcst by last
sstate or interest therein, which shall be necessary
useful for carrying on the business hereOy au'noI%u "
SECTION VIII. The building to be erected shall be fire.
'i'''' IMPORTANT TO STOCKHOLDERS.
Section TX. of the Charter reads:
SECTION TX. Persons subscribing to the Stock OF ms
Company, or being Directors, shall incur no peLooa ma
bcs beyond the amount OF the capital stock held and
ewned by them respectively.
STATISTICS.
DECREASE OF THE POPULATION OF THE UNITED STATES AND
OF NETWORK CITY SINCE 1850
Population of the United States in 1850 23,19lS56
Population of the United States in 1870. 100000
Population of New-York City, lSjO...... 65'Sf1
Population Of New-York City, 1S'0.-.-.-. 1,0i22i5
No. OF miles of railroads In lsS0...'.. $3.50
No. Of miles of railroads in 1870. 4254
In 1850 the United States was by Europe regarded rs
secondary power In it is appreciated leading
Government.
Iti the fashion for Americans visit Europe. This
enterprise being carried out as BELTS our nation the
eide of travel will turn and bring hther In crowds the
Inhabitants Of transatlantic countries.
ELIGIBILITY AND MEANS OF COMMUNICATION.
The Palace will he situated below the center OF the
Island only block removed from Central Park The
NewYork Central aud Hudson River Railroads. the Har
lem, the NewYork and New-Haven Railroads, VIII
all have depot the ground The Thrd-ave. Railroad
passes on one side, the Mason-ave Railroad ON the
otbcr The Sccondve Railroad is only 500 feet distant
The River only 1000 feet away No other spot on
tho Island 10 30 and easily reached by the peo
pies of both Brooklyn and Eew-York
VIII the stock payf
The sources of income Rent Entrance fee of ex-
hbtors Admission fee VISITORS Charges for expenses
There space To be rented to exhibitors 2SioOo
square feet Mt 81 per square foot, equal to Siiooo
Each exhibitor would be required to an entrance
foe of so No. Of exhibitors S2.OOo-equal to 100000
Daily visitors ought there being GoooO sra
gers in NewYork each day. 1900, at so cents each
N,sooyooo per year.
Then on $4,000 exhibitors
Each exhibitor Will be required to pay for the fol-
lowing articles:
Glass;. $40 per year. Police $40 per year.
water - 10 per year JaIitoTs.... 20 per year.
Heat ....... 40 per year. -
REHABILITATION. 49,
Income from rent. at 81 per square s2045,VU
Entrance exhibitors, at so each. s69UO
Twelve thousand visitors daily, at so cents each loOVV
Gas, water, heat, ianitors, and police, at tllO 49,.
Total income. -eJ,la,OVp
Estimated expenses, including interest ana SILK -
ing fund at rate OF 81 100000 annually 5193OO
Net income. ..0'ooI'VNV
The estimated receptsare below the receipts OF similar
ENTERPRISE and the expenses including purchases OF
-Fine Arts" curious machinery and curioa Ties, one