, 1873-12-24
THE EXPOSITION,
Animated Meeting Of the Stock
holders.
Resolutions 10 Increase tho Capital
Stock and Enlarge Tho
Building.
Impatient Stockholders Want to
Know About the Money.

Aepecial mooting Of tho stockholders Of the
Interstate Exposition was hgl yesterday aftor-
noon. 4 largo nu1nhor were prosont.
Mr. Jacob Rosenberg gaH called. to tho chair.
RESOLUTIONS.
htr. Reynolds announced Tint ho would pro-
sent tho following resolutions Mt tho proper
time:
I,esoirtd, That tho Board Of Directors Of tho Inter.
Htate Expedition Of Chcago he,. autl tho anna arc
hereby 1neszed @ ah MT 70 neo
thotes q ths lily er the Occupancy os thts Xssoen-
Sa al IA, f Lake t b%sn Inn tug
ss!;s isos 81 s eeSsasa sS RS 'sp
capitalize my portion Of To present actual out car,
ingB deemed reasonable aud Just by its uoara Of
q i nvsstmsnt r 10 s tiae' a not s sxeso3 @
Sseend~Thst tne salaf1poslton Association may,
at tts option, further increaHe the cai stock to any
sum not exceeding $G00,00 may 10 founl cxped!
cn, by ,ncana Of 6oa lido subscriptions 10 be paid in
.GThird II shall e.pend aueh increased capital,
fsecursd, i erecting additions to Tho present Guil-
besutifyinE tio grounds, or in Otherwise ading 10
the convenenccs, attractions. or success Of tho Ex
tol.rth7That after tta atoehholders ahal have re-
caivea buck tu dividends out Ut their first future nat
earnings amount equal to their rnid-up stocf and
vested, al further earnings anJ finally tho rcsduary
usaet4 Of the Association aha 10 DEVOTED 10 ntding
o sar Gr seSds e s
c gafs, industrial to1 s.h ~,
public Instruction. amusement, good, the atock
holfers may determine upon at The time.
N,th-Tint such beneficiary institutions or pro;
public benefit open to all citizens equal terns md
Tree FROM religious, sectarian, political biaa.
ne Insn b eoi for ass psT
Injurious to tue legitimate trade Of the city, und
poses, no disttnc,on,w ,whateyor shali b. ale On &C.
count Of sect creed, nativity, or politics.
Mr. ". G. Taylor then offered tho following:
Reso'rcd, That tho President appoint committee
he presented and Tint tic Secretary mi the roll Of
stockholders, aud tho Committee Proxies shall,
their nsuas aro cacl, 40 a proxies With the seere
taEy H.
pointed as auch committee, Messrs. ", E. Dog
gott, R. r. Grain, and George Mason.
EXPLANATION THEREOF,
During the interval occupied by the searching
inQu1ies 0f tho Committee on Proxies, Mr..
Taylor wascalled upon to explain tbs resolutions
offerad.by Alr. Eoynolds. lie sad that tho reso-
lutions explained themselves; tho only point
to the increasing tho oapitnl. This WAS not con-
templated. The project was not TO double the
bnilding-mercly to enlarge. It by taking tho I'D
ditions, which would double the tloor-room.
This might be done by increasing tho capital, or
by anticipating tie next years earnings. It
might he doomed advisable to increaso tho capi-
tn to $eoo, ooo Or $500, 900; the building
ssaS ssa esIia sa SaSs ls9s lls%'vas IN ena ss
1nons domo 150 feet In diameter, and
duplicate the present building on tho other Eile.
The proposition to givo leaao for two years
was still boforo thu Council. Mr.. Taylor wished
to defend tho enterprise.
"A EontleE'an wished to know what evidence
tho Directors would give the stockholders for
tho money received from them.
Mr. Taylor said there was abont sl70,000 Of
stock, and eath holder OF one share bud cortif-
lcato sQyontocn.huudred;h OF tho capital
atock. The earnings OF tho Association had Gono
into tho building. It. had been proposed to
make make h stock dlvlaona 3D. and give eaoh stock
OF jeopardy. The loase expired in Alay. II it
was removed In April it might pay expenses, aud
laR.a tho stocklloldofs'a d 0ea1 loas.
Mr: oritclen asked Tic object Of enlhrging tho
building.
: MIR, Taylor said 1t was to make tho building
arst-class one.
Tile Secretary said there woro applications for
space Which would hayo hl'od a building half al
largo agaiu.
PRIVATE on PUBLIC?
LII. Oritohen said ho understo0d tlat some OF
tho Council regarded thia as private institution.
mud objected to it on TINT ground. He bolioved
tho enlargement Of tho building would enlarge
the objection to tho enterprise.
Mr. ]. Il. nlcVicker wanted to know whether
tlis was Pt.saae npeonlatlon OF no, Mas ne
pnllansntoPlst, or vas no htoct~ III
p, private enterprise rot NY paTs ho expected 10
tnahe money! per CONT; ho lntehaea 10 Rtvo
tng fesnlt 20 Tue CITY bnt no ald not want to
Aa1i ~ unnef n t"o .f nafs;
NJ NJ ;n1nc,. UlmeLDlona yon nave anotner op1ectf
~ Mt. @ Mos1cker-Cer1aihly, 50 uoes every man
WIZ ~ suLs , store Or aoes oe any otnet business.
Mf. Mos,cket ;se :. sag II Tue AssooatoI wanted
Inc eronha icy them pay the Council for 1t, not
aaH ahyoooy 1or II.
az; Aansotn saia III tIoao days Of dishonesty
an1 aeialcat!on It was proper that tue Directors
nna Exeeatlve commit teo ,h1onid gl!o tue stock
uo.aeFs ;.o m. ana explicit hnancsal statement,
4teln t,a.', ny nem, nolo1o thoy wore allowed my
1nltner extension Of authority. Let them hayo
ern 1nu aguies ri,s IN ta some.n!ng more than tho
ueio p!tntua oaio statoa nov tAKo paans to con
ceai tn9 ltetna. Aot q. .oetmto 6tatoment bo
maae' rs laRp!aaaa.! ~,
,.atr az: nAashef n'o'eo Inc passage OF she FOL
Rtsefr,d THAT r.ort in detot, =, n, ~, rsc,,,