National Republican., 1880-09-15
THE FAIR ASSOCIATION.
The Stockholders Raising Money TO Pay
IFS Debts.
A Meeting at which q Metaphorical Hat
was Passed Aroumd-An Enoourag-
ing flesponso-Thiriy-six New
shares Taken, Etc.

subscriptions TO the Fair Association Stock.
There was a meeting last night In the din.
ing hall of the National hotel Of the sock.
holders Of the National Fair association, for
the purpose of making arrangements for
liqudating the Indebtedness of the association
by subscribing for the whole Of the authorized
stock William VI. Gait esq, called tho meet
ing to order and read the call aud moved that
Mr. Browning take tho chair, which was car.
red, Mr. McCeney acting as seer etary.
The chair stated that this mooting grew out
Of small meeting the othcr night. On that
occasion some ffteen gentlemen agreed that II
the S35, 900 worth Of stock still unsold could bo
disposed of, and tho unpaid $4,000 of the stock
already subscribed for be paid up, they could
20 on u cash basis with great advantage to the
association, which in that case lie thought
would pay q handsome dividend very soon.
The fifteen gentlcmon then present subscribed
| for $1,000 additional shares, aul since that
night $1,000 were subscribed { ", leaving ouly
$4,000 still unsoll
At the suggestion Of the chair the secretary
read tho names Of the fifteen gentlemen
| present at tho meeting Friday night aud tho
number Of additional shares they subscribed
| for: William VI. Gait, 10 shares; James l..
Barbour, 6; J. G. MoKim, 5; w. B. Lacey, 4;
George Parker, 3; William f. Clarke, 1! George
| Whito, !; John I. Given, l; j. G. Ergood, ?;
| Il. +. Baker, l; Peter Flynn, /; r. 4. Rover, /;
J. b. Hill. /; d. Conncll, l. Stephenson Bros
| l; A. Y Biedler, 1; $. W. Smoot, 2; George VI.
Oyster jr, l; J. Z. Wilson, l; H. H. Black burn,
| /; III. Browning, /; Levi Woodbury.. .; W. II.
| Morrison, 3; William Dickson, /; Robert Bcall
| D. John T. Price & Sou, l; J. Il. Bryan, ]; w.
| i. Jackson, ]; L1ndors & George. l. 4. j.
| Mayer, /; George Weidc, ]; Josish Don't, .;
| Misses Fowler of Georgetown, 3; William Gait,
/ q L. Cassard S Son, j. 5. Edwards, Sam Nor
mcnt, W. II. Turner, w. J. Twiuiug Charles
Mados, i. +. Bgeow, G. VI. Wright and
! Thomas Parker, each.
Mr. Blackburn in few pertinent remarks
presented the advantages to the association,
! through congressional aid aud other ways, of
| having the grounds, etc, clear of debt.
| Mr. Edwards asked what was the amount Of
| preferred liens upon the association.
The chair stated deed of trust TO the
| Frccdmon's bank for g, 500, the suit Of Wheat
/ Icy & Bros, in court, between $4,000 and
| $4,000, and a lien Of Sll 500 in bonds.
Mr.. Edwards then said that the English Of
the matter was if these liens were not paid
the association would be sold out and the
| stockholders would lose all. He therefore
thought that each stockholdcr should make
a personal effort to raise the amount.
Mr. Barbour urged the stockholders to come
forward in this matter. If they did not they
1
the association would undoubtedly pay ten
per cent. on the amount invested.
Mr.. Whitney asked If, should the wors
come TO the worst, they could issue bonds I,
cover the Indebtedness?
The chair said such a plan had been tried
and failed, simply because of the debt hanging
over the association.
Mr.. Stephenson said that it was the custom
in the methodist church to which he be
| lOnupi yyun cd tp rnic
send some good dcacons around; in othe
words, he proposed to pass around tho hat 70
subscriptions.
Some discussion was had whether the share
subscribed for were conditional on the deb
being paid. Mr.. Gait said he had subscribe
to the Fair association in good faith. and
the stock was not taken he wou, d be ono OF
; number to purchase the property of tn
association and run it RS privat
venture Mr.. Edwards said there wer
many members who could not duplicat
, their stock. They were unable TO do So
Many members were able to do so, and it wa
only right aud just that those who were abl
should advance the money to put the assOcii
tion Oh sound financial basis For himse
he would not invest any more money exCel
upon the distinct understanding that the asst
citation was to be placed on such sound fna,
cial basis.
Mr.. Barbour said that some of the membe
had been doing all the work and making til
: largest subscriptions, and it was unfair to o!
pect them to pull the chestmuts out Of the fiji
while others held back to enjoy the results
the 'labors of the few.
Mr.. Edwards moved that it is the sense
this meeting that the interests Of the associ
ton would be best subserved by tho stocl
> holders taking tho whole Of tho subscription.
Mr.. Gait said he did not want to b.
come tho owner of the property;
had worked hard to keep it up, an
/. to do 90 had recently subscribed for ten share
, and If necessary would subscribe for ten NOR
Colonel Mckibben said if the associato
would show its determination to be just
itself and to its creditors there was no doul
q that tho whole could be raised. The cha
called for subscriptions. Mr.. i. K. Ward su
: scribed for three shares, with tho distinct vi
derstanding that If the whole S27 900 wel
not raised the amount of his subscriptic
:. should be returned. L. c. Dean subscribe
= for 2, George w. Knox l. Mr.. f. NJ. Drdney
McDermott & Bros J. DIR. Townsend ], l..
Cannon /, Raymond Bro. & Co. l. Fass
Horner /, Il. o. Holtzman !, G. w. Thorn
:. W. D. Wyvill ], c. w. Huguely l,
5. l.. johnson l. Morton & Butler /. Ca
" vim Wilmer l, Independent Ice compar
2 George Holmes l, Sam KGtzenstein
L. g. Campbell /, X. w. Barker /, Benjam
Ghecn /, Thomas Wilson /, Louis Neurath l.
r. Thompson l, w. A. Thompson l, E. {
s Wheeler /, Metzger & Bros l, John Joy E
g son l--total, 80,
Mr.. Blackburn moved that committee
fgs freq. esst 56r=riEosng * che fair be a
pointed to solicit exhibits. Carried.
Tho chairman was direci ed 10 noify a
proposed committees Of their appontmel
through the secretary.
Judge Dent then addressed the meetiu
He desired to call the attention of the stoc
y holders to one point not mentioned By 9th
speakers. No enterprise ever started in II
District was so fraught with Importance to Il
interests Of every citizen of the District as h
l. National fair This was the capital city OF Il
rs United States, aud if we offer inducements
people TO come aud visit the capital of the
country tho effect would be TO attract capiti
to build up industries and to establish on
sound basis the prosperity Of the country
=, The meeting then adjourned.
7 THE INDUSTRIAL PROCESSION.
At the conclusion of the stockholders me,
ing, Mr., f. X. Ward called meeting of the
interested In an industrial mercantile pl
cesson to open the fair, and after stating t
objects invited subscriptions In aid of the pI
ject heading the list with $25. The followl
,, gentlemen responded: Messrs. Barbour
Hamilton. $40; w. NJ. Calf, $40; T.. c. Dea
$40; 4. W. Smith, $40; w, L, Clark, SO; Inc
pendent Ice company, $40; Lausburgh & Br
s5; Browning & Middleton, !5, aud H. IL. Biuc
burn, IS, 1t is proposed 10 bold anot
meeting at an early day, at which arranl
meuts will be perfected for making the pl