New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-11-12
THE INDUSTRIAL EXHIBITION.

THE SCHEME ALTERNATELY COMMENDED AND DE-
NOUNCED.
The Special Committee appointed by the
Board OF Assistant Aldermen to hear persons for and
against the proposed loan of Oo0OO to the Mutual Ex
mbition Company met mt o'clock yesterday IN the
Chamber of the Board City Hall, Assistant Alderman
Ueaev nresiding The attendance OF citizens very
large and much interest taken in the proceedings
H. J. Todd Secretary Of the Industrial Exhibition Com
pany said that there had been great deal SAID ABOUT
the Company. and some mad snld IL was s"lhdle' Ii
there was anything Of this nature IN the Company ne
for one would like TO have it shown up Tho Company
was orgauized in 1870 and subscriptions made TO
the stock The last Legislature had reetifed several
errors in their charter, and had authorized the
loan OF s250JOOo by the city. AT that time
large number OF the respectable merchants OF this city
became connected with the Company Since then some
had gned, and among them the Mayor of this city
He conended that the land worth at least ST. 100000
And submitted the report Of Committee appointed last
year at the request OF Gov. Dix who said She land was
worth Sl6g00o0 II the money was freely gwen WITH
ont interest repayment, he thought the city world
gain in the end. They had asked however for loan,
and have offered good security for the repayment OF the
same There could be swinde about 1t, as the law
provided that the Controller should receive the mort
gage Of the land as security, and pay out the balance
in vouchers as the work advanced. The funds should
be in tine hands Competent and honest men, and such
were at the head of the enterprise.
Assistant Aldermen strack asked II Mr. Todd was in
terested in real estate IN that neshborhood MI Iodd
replied that he did not dollars worth any where
near the proposed site.
Henry b. Walker said that he had great pleasure IN
saving few words In behalf OF the enterprise lie was
an Englishman but tins the country Of ms adop-
tion and he thought such an exhibition would be
benefit to the city.
Edward Roberts did not think that such as Gov.
n Al lend ~
swipdDng company lie had read the comments by the
press carefully but still he thought the enterprise was
AN honest one. He admitted he was real estate owner
in neighbOrhoOd, Int thought that as such he was
entitled to an interest IN the citys advancement Inc
city should attractions than it has at present
lie was a resident OF Harlem ana a member OF the East
side Association and nearly every person IN the up
town districts in favor OF the scheme lilo
thought that by the establishment Of the Exhibition
property would advance at least IS per cent and TINS
would give to the city Increased basis OF taxation OF
about S20OO,OOO Under these circumstances lie comd
not see where the city would lose anything
Assistant Alderman Clancy said That 1t was unaSuA'
for a member Of the Board appear before commit
tee appointed by the Board, Dut he wished ." say
word or two He referred grant s2OOC0i0 Tor
| improving Philadelphia.
! T. Roberts next spORc In favor ~ the scheme. He
Thought it would be a great Improvement, and that
property would increase in value. He referred TO the
city's granting site TO the Government for the new
PosOice, and the result being great Increase IN the
value OF property in the neighborhood. lie hoped the
Committee would weigh Tho matter carefully, and take
into consideration tho fact that the site selected for the
exhibition about the center OF the city, instead OF
Thomas Tornlinson said that the proposed Exhibition
the future and would be great benefit TO The
city, and he thought That the Board should grant the
appropriation from the eoplc money 10 rue company
who would erect Palace OF Industry for the people
James +. serrell said he had made a survey of the
lands selected for the site and lie thought it safe in
Henry Bergh said he appeared to oppose the scheme
He did not mink that the city would gam anything by
| the Exhibition He said the Guy had lately gwen
man S6OOOOW TO move his railroad, and had spent
another $60OO0O upon ahait-tniShed building The new
Courthouse Does any man believe that the sum asked
suicent No; they viii require more, and IN tie
| end it Will be used lager-beer hall or a dancing
saloon, ana 1he cly might as wen iaAS rye o an te
debt Is between $3O,OOoO 900 aud f1c0O0o0, aud il we
continue 20 grant large sums moneys TO private cor
poratIons where will il endi some of tine speakers who
were OF the scheme had alluded TO Paris; he
! believed that the downfall Of the French Empire
! owing 10 the expenditure. OF Baron Haussman and u
will he the here II 20 on Increasing our debt
will De the dcaihkneil OF republican institutions.
Joseph b. yarnun also opposed the resolution. lie
Thought that the Centennial Exhibition 10 he held in
and every citizen Of the United states should do ali
could 70 make that great success.
Francis Cess opposed tue grant IN very strong terms.
j. H. Sirahan said hc appcaredat hc request " Mayor
| Havemeyer 10 make a lew siatements lie demanded
an investigation mo the Whole SUBJECT he had care
fully inquired into the matter ana found that though
the claimed That they had paid S5OOOJ taxes
and assessments since the property INTO their pos
scssou they had really PAID less n1n 5000 AL lie
! McMurdy from ROYAL H0uton. after the company was
incorporated, for 10000 cash dud 500
the Company. tEen McMnrIY the propcrty
| 10 the Company, and that afterwards iOyal UOuOn
again sold the land to the parties VINO trying
sell IT 20 the Company sor VI 1000 He would say fur.
theT that by clause IN the deed the Company could
! not INTO ful possession Of Inc pruDcrty
twelve months after the money mat been paid aud that
! thclr talk Of giving employment 10 the wOrkngmeu
during the coming Winter buSD He could prove all
these statements, and thOIgni that the Board grant
the money IN the face 81 these acts. The people would
| hold them responsible.
Henry T.. McGOwan President Of the Harlem Gas
Company, also opposed grant. The Committee add
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