The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1874-02-17

dependents was written, published, and
prOmulgated where the first congress was
held, and where the first president OF the
United States resided. In order 10 carry our
the provisions of the act, the president was
directed to appoint a commits
sioner and alternate frem each state
in the union, TO meet in Phila-
delphia. The bill was approved in March.
1871, and the commission met in the fall oi
the same year, bat found they We're enable
TO carry out the financial portion of the
matter. They went 70 congress in 1872, and
had an act passed creating tine
cENTENSIAL BOARD OF FINANCE.
That board has the sole charge Of the rais-
ing of money, the making OF contracts, the
auditing of accounts, and the spending of
the money subscribed by the stockholders.
1t was organized in June of last year, and to
organize it was necessary to have subscrip
tions. Under the direction of the commits
sion, the financial corporators named in the
act creating the board Of each state were d.
rected TO meet and open subscription books
for one hundred days. For that period.
each state was allowed to take so much
stock and no more. At the expira-
ton of the ons hundred days there were
10000 stockholders, and they elected the
board of twenty-five directors, who now
now control the finances OF the expo
sitiOn. They met in June. and deter
mined the way the accounts should be organ
lied, arranged and kept, and the way they
should continue the receiving of subscrip-
tions to the stock. In the month of Sep
tember they decided that the union should
be divided into five districts, west, east.
north, south and middle, committee to
have charge of each and obtain subscrip-
tions. 1 am here to represent the western
committee.
THE STOCK. 80.
The stock of the centennial board of f.
nance is slO.OOO,oOO, divided into 1000, 900
shares Of $40 each, payable either in full at
the time of subscription. or 20 per cent.
dowr-S2 per share-and the remaining so
per cent. in four quarterly payments, begin
ming three months from the first month sue
ceeding the month of subscription. Interest
at 6 per cent. is paid every stockholder from
the day of payment to the 1st of January.
1876. Every stockholder has vote at the
annual election OF directors, and his share,
pro rata, of all the proceeds of the exposi.
lion, less the expenses and plus the price OBJ
tanned for the building at the close. They
receive certificate of stock to hold as me-
mortal. 1t is a steel engraving. 1Sx2i inches,
drawn by Darling. The sketch is now in
the hands of the secretary of the treasury,
under whose direction it is to be engraved
by the engravers in the employ of the gov
ernment. IL will take them one year to
complete the work, so that the
holder of one share of stock gets
an engraving, equal to half his invest
ment, to keep rs a memorial of the occasion.
PLAN OF HOLDING THE EXPOSITION.
On the fourth of July, 1873, the Paramount
Park commissioners gave to the centennial
commissioners 450 acres of land in which to
hold the exhibition. At that time the presi-
dent of the United States was to have been
present and read his proclamation, but was
unable to be there on account OF the death
of his father, whose funeral he was attend
ing. =
The proclamation was read by Secretary
Robson. 1t declared the exposition should
the 10Th of October, same year, inviting al
nations to take part in it.
The plans for the building have beer
adopted; that of the memorial building
advertised for bids. The main building
will follow soon, as the architects are doins
all they can to expedite it, as well as the
United States centennial commission, who
have charge ofthe plans tor, and the erection
of the buildings, make rules and regu
lations to govern its management-alsC
space to exhibitors, fix prices of admission
systematic the claSses-of4ar prizes, and
allow them
NO TRICKS UPON TRAVELLERS.
A visit to it win be like journey around
the world, and give all an opportunity to
ses what they could not other than by
long voyages, weary travel, and great ex.
pense. During the six months that the ex
position will be opened. all railroads viii
sell excursion tickets at half rates, enablins
thousands not only to attend the ex position
but visit their old homes for the first time
iii many years. 1t will be the occasion o
many happy reunion of families and
friends long separated, and be marked in
Care will be taken that no extortions upor
travellers will be :practiced, and eveIJ thini
done that can be done, TO makea visit pleas
ant, safe and comfortable. You
will understand that the variou,
articles for exhibition from eacf
state will be collected by, transported
to the exhibition, cared for while there, and
returned under the care of state board,
appointed by the governor, aud at the ex-
pense OF each stste. II will in fact be like q
large and carefully arranged state fair, ex.
hibited In the exposition by the side of, and
in competition with, the same from each
other state and every country on the globe
The commission provide the building, light
and motive power free to the exhibitors.
My mission to you is to arrange system OF
subscription TO the stock of the '' Centen.
nial Board of Finance," and to Gsk your
hearty and prompt response. for with this
money the buildings are to be erected in
which the exhibition is to be made, and the
time is now short in which they mus. be
completed.
The amount allowed each state 10 subscribe
whilst the banks were opened the 100 days was
based upon the census of 1870, giving the
amount per capita at a fraction short of % ents
each, or one share of $40 to each 40 of popu-
lation. Under that division Indiana's Quota
was s435S70. As your population viii be
in 1876, it would be S520, 900, but
there now exists no limit, and 1t is
hoped that the state subscription will
will exceed the amount named. It il only
IS of one per cent upon the farm products
and increaseo one year, to say nothing oi
all The other great interests. The memorial
hall is advertised for bids, the main build
ing soon will be, and gat aal - .
MONEY Is NEEDED AT ONCE, Il s