Evening star. [volume] (Washington, D.C.) 1854-1972, 1879-12-23
The National Fair Association.

MEETING OF STOCKHOLDERS LAST NIGHT.
There was a full attendance of the stockhold-
ers of the National Fair Association at the
special meeting last evening in Shea's Hail. Mr..
Gait, president of the association, read a bal
ance sheet showing the
FINANCIAL CONDITION OF THE ASSOCIATION
1t shows the total receipts ON stocks from the
fair, etc, S105, %; and total expenditures.
s105 %. with the following resources and LA
bilities: ResourceS-Real estate cost of grounds,
including Improvements, fixtures &C., SIG. 267.-
81; sundry accounts due National Fair AsSocia-
ton on account stock, SIS, 6l6.31; cash in hands
ties:-Bills payable, $50, s64s2; s,ndry accounts,
S25, 11I.52; stock account, 1858, 10000; profit and
loss, 81, 6eS57; total-S137, 045.41. The receipts
and expenditures of the first annual fair were:-
space, 81 ,69 SO; by cash received from privileges
s4,s32.65; by cash received from entries for
races &C.. S5,s126s; by cash received from sale
OF tickets, 500. 1864; total receipts s36 119 So
Expenditures and profits-By cash paid eXpen-
ses, 4,041.9T; by cash paid premiums S14 413 80:
by net profits of the fair, $l7,603.57; total
s36.119.53, Summary-Bflls payable, we owe,
$50 s64.32 sundry accounts, S25 117.52-S56 O41 81
less sundry accounts due as on account OF stock
s1s616.31; net indebtedness, S3I, 1858.
PROPOSITION TO INCREASE THE STOCK TO 800. 900.
Mr.. Gait said that S37 900 more stock should
be taken, and thus relieve the association from
debt. He wanted to see the stock scattered all
over the city; but If many would not take it by
the list of February it would go into the hands
VI Vic lew. IL llle StOCh dlTbduy Udk6u WAS not
paid in IL would be Cancelled. The only way to
pay the Indebtedness was to raise the stock to
100000. Judge Blackburn said If the stock was
raised to that figure So 900 would be left to make
the necessary improvements after paying Off the
Indebtedness. He also thought that dividend
OF Is Per cent. would be declared the coming
year. Mr.. Simon Wolf did not think it was wei
to be Sanguine, Mr.. Gait said that in his opin-
ion there was no doubt that the fair would make
$4,000 next year, motion by Mr.. Wolf that
the meeting concur in the recommendation Of
the board of directors that the stock be increased
to 100000, and that the board of directors be
requested to call a meeting Of the stockholders
in accordance with the charter OF the asSocia-
ton to take the necessary steps to increase the
subscription to 100000 was adopted.
OTHER BUSINESS,
The board was requested to furnish to the
next meeting plan of the contemplated i'm
provementS and an estimate of the cost. On
motion of MI. Stephenson, the board Of directors
were directed to apply to Congress for a change
OF the charter providing for board Of eleven
directors instead of five. On motion OF Mr. j.
c. Rock. committee of seven, consisting of j.
c. Rock, William E. Clark. #. A. Rover j. s.
Edwards, Simon Wolf, Levi Woodbury., and Dr.
Thomas o. Hills was appointed to prepare
constitution and by-lawsto be submitted at the
next meeting. Seventy-three new shares OF
stock were Subscribed for