New-York tribune., 1873-01-07
V'HE ESTIMATED INCOME
INDUSTRIAL EXHIBITION COMPANY If S2,64o,4o0
READ THE REPORT BELOW,
AND YOU WILL BE SATISFIED THAT AN INVESTMENT MADE
IN THE STOCK OF THR
MINISTERIAL, EXHIBITION COMPANf 4


IN THE STOCK OF THR
INDUSTRIAL EXHIBITION COMPANY
Is sATR
The tr 81 offered soj after Feb no ees
will he sold at less than par.
HoTH-luy bank in New-Yorf win receive subscriptions
Az The e Of each lot $500 investment Of that amount
in ,h, stock viii ente holder Lot value in the property
We the undersigned members Of special committee appointed
public meeting presided John Dix at the St. James HOTEL on
Friday Dee Instructed To examine and report " TO the de-
STABILITY and pecbty securing YORK permanent Indus
, Exhibition Building Art Gallery Public Lbr1T and Garden oi
Pl,p and more especially fitness Of the land con-
tIso.ed for have the honor to report;
s That the Industrial Exhibition Company properly organized
corporation under special act Of the State Of New
Yo With power purchase land erect buildings aud to do all
other thing, necessary for the completion objects above
ae The property Of the Industrial Exhibition Company exempted
and for Ave and It's octhoers are nee
personal ht and generally all powers are granted to u that
will facilitate its objects.
That the Industrial Exhibition Company OF lS7O con'aeed
for the onehundred sndeoond and
Fourth sves comprising aSigh blocks Of ground beside
the unopened The price agreed upon was S
OO Of winch 500 paid that there remains due 81
c which paid before Feb 1879 the contract for the
land Will expire and all moneys paid be forfeited
The this land has been executed to the Industrial Exhibition
held by the Onion Trust Company to be de-
Hvered whenever 100 shall be paid Your Committee have con-
suited with eminent estate As to the value OF the land and the
lowest estimate placed dedncng all the street; (which are
valuable the purposes Of this Company other porton)
being valued 229O As under
stand the only piece Of land in location owned or controlled
By individuals large enough Worlds Fair lying south of 0pehun
dr and proved the fact that all
the steam railroads running NewYok have side track this
ground engineering necessity rapid transit railroad that
may the be ba within four hundred feet Of this
% directly upon IT, The property is solid rock and at Ninety
htbs Thdsye and onebundre and seeon there abrupt
slope estimated this peculiar formation will at least
900 the preparation OF this ground for such balng and build
ing foundations proposed The Industrial Exhibition Company
this Land in 1870 1t regarded good purchase
then increased IA value and will continue TO Increase
Trd The estimated cost Of suitable building is about s7OOo
and IN such an efce all NeEYorkers will feel Just pride
Fourth proposition has made BY eminent New EngaOi
s TO construct the which dome shall be the largest
and magnificent world All this firm ask that they be
granted perpetual lease Of the DOME above the spring Of the arch sub
jeet The estimated ohs dome 30O
Sufficient bonds will be given for the performance Of their contracts
FIN: Your Committee opinion that IL sufficient amount Of
the stock Of this Company sold acquire free and unineumbered
title the land there will be difficulty raising all the
requisite o building
S: land purchased and commenced the
bun hope Congress e United States will favor the
terpe Worlds Fair be opened herein 1876 under the uspiees
United States Government which would be commemorative OF the
Hundh Birthday Republic This need not interfere
with proposed Centennial" celebration in Philadelphia, but
SewYoe cannot but feel that celebrate in way and
city important OCCASION and We also feel that the
brought together grand competitive exhibition In thi
that NwYor being the commercial metropolis OF the whole
country worlds fair should be held here At other place could
the he accommodated Financially believe that
than be paid for III ni the enterprise is
carried proposed DO possible chance of loss In
view Of these facts
We recommend that series Of meetings be held for the
pose awakening the people the importance Of tins enterprise
be appointed shall without delay prepare
suitable and present the to Congress- aud that such co
me power ask Congress Endorsement in
their opinion be though: advisable.
Also who shall confer with the Mayor and Aldermen
Department Of Public Parks with view Of obtaining such
privileges municipalities have ordinarily given to such enterprises
Also with the Governor Of the state and the
Legislature Of obtaining such Endorsement will add to the
dignity Of the enterprise.
Also committee prepare address the people OF New York.
the country, and the world
Also committees selected from the different branches Of industries
obtain subscriptions Company from their respective
associates.
We further recommend that here subscription be cir
eulsted Your Committee believe this enterprise sound hnan
cay and n win benefit person in New
York prove great the whole country and they do
h the serious consideration Of all the people
All Of which . respectfully submitted. A. s OWEN,
SAM SLOAN,
RICHARD SClIELL,
ERASTUs BROOKS,
H. B. CROSBY,
JAS. L. JACKSON.
EDWARD ROBERTS