, 1873-11-19
THE EXPOSIT|ONu
Meeting Of the Board Of Di-
rectors Yesterday.
Presentation Of d Plan for Enlarging
the Scope Of the Expo
sition.
How tho Council Can Assist In
tho Good Work.
Statement Showing the Financial Con-
EDITION Of the Enterprise.

Statement Showing the Financial Con-
edition Of the Enterprise.
The Board Of Directors of tho Interstate In
dustrial Exposition held regular meeting at tho
Exposition Building yesterday afternoon. Mir.
Potter Palmer presided, md there were also
present l1ossra. Drake. La1tn, Crane, KoHen-
borg, Fargo, Brown, Taylor, Farwol1, Tairbauk,
Dogeett, and Secretary 1ieyno!ds
At the request of Mr. Palmer. Mr.. Taylor look
tho chair, he being moro conyersant with tho Or
der OF busfnoaB.
Tho minutos Of tho previous meeting wore rond
and approved
Mr.Taylor stated tint the special order Of busl-
ness was the consideration Of pan for eatab-
hshing tho Interstate Industrial Exposition on
apermanont basis.
Vicc.preeident Fairbank took tho chair,
Tho following preamble and resolutions, Of
tored ct previous meeting by Mr.. Taylor, CON
aidezatfon Of which was postponed, were then
read by tho Secretary:
THE nEsoLur1oNs
WHrnEAs, The success Of tho Interstate industrial
Exposition Of Chicago made feasible by tho act Of
The City Government granting tho use Of the public
WHEREAS, It is deonaea desirable to lIsabuso tho
public mind of any suspicion that the Exposition Az
gnn, well ns to FREQ 1ts officers from tho possibility
Of Ssng placed In tho attitude Of 'peouatoFa or show
W1iEnEAs, Only considerations Of tho public good
and tho honor OF our city have instigntod thoso who
haya thus far ahapod and conducted tho enterprise;
wirHBAs, It Is the opinion Of this Doard that tho
marvellous scceas Of tho undertaking. in sp!to Of the
unexampled rnpfly Of Its fruttfon and In tho face Of
depressing financial panic affords guarantee that
may be mauc through the adoption Of liberal policy,
dollars and hundreds OF thouaans Of people ovcry
year not only m Inexpensive resort OF Instructive
not only promoter Of trade, Art, science, Invention,
agrnalsur mining ana kindred Indus
svahtsss 10 svory oissn Iat IN addion tSersto
may In the future, be tho Of foun.ltng and
sustaining ono or moro great public educational or
Chicago; tho:cfore, 10 II
ResoIetd, TIN. special meeting of ho stoelholders
Exposition Building on TueBlay tho o3d aay Of Dc
eSnsr 1874 at s' o9ek 10 3 p H. fos tue psrpoaS Of
mud arrange II possible with tho competent authorities
of tho city for tho occupancy BY thR association Of a
OF Monroe street and thu north no Of Congress street,
FREQ Of charge. for the period Of ton years from and
Ftr.t-That tho sald Exposition Association may
capitalize any portion OF 1s present actual net
e soass s
OF their Investment up to this umo at not exceeding
!S<eond-Tha. the said Exposition Association may.
at Its option, further increase the capital stock to any
Rum not exceeding 5000 GC0. III may 10 found expedi
eut by neans Of bona lido subscriptions to ho pa! In
cnsh.
1h1ra-Ihat It Rnan expenu snch increased eapltai'
secnIcu. ~ nsccung 3 aaoa.'oas ~ ~ w rtena uan =;
= M ~ or q, aain
conyeniances attractionu. or succe.s Of to ExposI
tion.
to1rh-That after iss stocAholaers shall have re.
eaysd buck III dividends out Of their first future net
9fnings ah amount cqual 20 tne1s pauaR s.oeR ana
fnnher eanoa an , M '
nsscs Of Tho Assoenion' sbsi ho devoted to aIimH.
establishing or enowne polytechnic institute, puS-
lio library, industrial school, bureau Of arta and
trades bonnieal Earden permanent industrial oxpo-
sidon. or snch other lnaaoas or p9ooeets 1os ne
oar. ,1,. ata1,s @ Il H.. %na 'no
E9TI1r55ot such noneaciury Institutions or projects,
Of whateyer character, shall be for ho general public
benefit open to a citizens on equal terms, aud fec
from religious, eectarlan, or political bias.
s.ath-That the building, when rot III uso ioT tne
oson propGe anal nos 1e asea Us iof or any e
.ataI fnr ~ TavNia ar n,he n1noscs ue
iSatnctton wntoyor .hai ho nada on account Of ssc
creed, natiqity or politics.
Resolrcd, Tint notice Of alch special meeting be
given tothe stockholders In the manner provided By
lAW; .,x.,.u r,,. ,na,,, H., ,,,,,n =, H.,
stocEhnIers md osher nnroiistnnt for nuttin0 thf
E1nogition unpu a mora pcrulauent basis md cIlnra
nE its scope a. indicated in Tie foregoing resolutions
which should properly DO ncto1 upon by tho recently
Tho Executive Cpmtuitten instructed