Delta chief., 1883-10-10

to be a success, notwithstanding the opposition
II has had, and believing II the best interest of
the states and territories OF the West are sub
served II should be placed In the best possible
shape to meet the demands OF a growing coun-
try from year to year; therefore,
Resolyed, That we are In full sympathy and
accord with the enterprise and will render our
aid In every Legitimate way to make the year OF
1854 preemnently success.
Resolped That in order that all objections to
the Exposition as private or real estate
speculation may be removed, We recommend
that the state, the several counties OF the
state, adjoining states, territories and couu-
ties, adopt some measures by which they will
become directly interested In the property now
held by the present Exposition management
for exposition purposes.
RsSoirei, That as the experience Of the past
two years has been OF more than ordinary sue
cess, we recommend the management to at
once take active steps for the success of 1884,
and In such way as TO remove all doubts as to
the pcrrnancncy of the institution.
RssoiDci That we recommend the manage
ment Of 1854 to adopt the following sugges-
tions;
/. Provide for a complete exposition OF the
industrial interests OF the country, making no
distinction in any and provide for a system of
awards 10 be decided by competent jurors.
.. Arrange for superintendent OF each
specific department who shall make a personal
canvass for all articles In his department and
have special care OF the same.
3. As a means of sustaining the exposition
We recommend the management 10 discard tne
system Of complimentary tickets making no
distinction 20 rank or station discriminating
only in favor OF those who render an equivalent
service for the interest of the exposition.
4. Each state, territory, county, association
or individual to provide Tor their own exhibit
and management subject only to the general
and specific rules of the management which
ehslI he published. ALEX SHAW,
W. HOLLY,
IHviS MAnoS,
Committee.
Mr. DenIuny, OF the Union Pacific, objected
to the clause in the resolution In reference to
the real estate speculation. He did not think
the public WA Influenced by any such charge
10 the effect na; the institution is private
scheme.
Al the suggestion OF Mr. Mahun however. IL
was thought best TO adopt the resolution as ii
reads. not that II Is scheme, but Il would
ailay the hostility and give the Exposition
clearer chance before the community
Nh. LovEL,Sp's PROPOSITION.
This question being settled the considera-
tIon of the question OF assuming partial con-
troi OF the Exposition was then brought before
the Commissioners. At their request Mr.
Lovcland took the floor. He -aid:
No man present really knows Just how the
National Mining Exposition organized.
The company was started with capital stock
of 81. I.ODO,UO. That stock Is held by the present
owners, 90 II is easily reached They put a
trustee upon their property and issued their
bnd. to the extent Of t2D,oD al per cent
interest, payable semi-snnualls. This Is the
position We occupy at the present time
These bonds are largely held by the present
owners. and only one,half OF the bonds has been
sold. They have put in their money and Ms
each owner has put In his money he gets por-
ton of the bonds or stock. II the states. Ter
ri,ories counties or individuals desire to he
interested In the property there are various
WAYS In which they can become ~ Interested
] presume that the beet way IL for them to own
onr-haif the stock. which is ts'oo10 The
question is what they shall be willing 10 pay
for II. think the present owners would be
perfectly satisfied with leaving 5l-lOrh oi that
s,ocI, IN the hands OF the States, Territories or
counties, 10 show that they arc anxious to Sc
curr the good will Of the people and the success
OF the Exposition. They would sell t3in, ono of
the stock on the price 10 be agreed upon,
Another plan is TO Issue a second mortgage
of tln,OD, at = per cent. the same at which
the first mortgage bonds were Issued. The
parties taking these bonds should be entitled
to one-;hiru OF the stock They would then
have the same advantage As persons holding
the first bulk OF stock. for instance, they
would have a one third interest, the same as
the other party. II the states, territories or
counties become interested they would place
bcyond doubt the financial success OF the Ex-
por,,,op; Tns pr.,,,or ou,, ,,or r,c,umcr, ,,..,,
to the people Of the country and would inspire
confidence from the fact that the states. etc,
by taking the stock manifested their confidence.
II the people take held Of u II will have an i'm
mense credit. Such aid would do away with
the idea of its being private speculation. BY
the public taking hold Of II, II will become q
good investment
GOVERNMENT AID.
We can then get our appropriation from the
National government and place II upon firm
foundation. II the public become Interested
then there arc more chances OF securing this
aid There IL no reason why Congress should
not appropriate from e3oOWO Ia 1900, 600
and {, Is my belief that they will, for the min
crnl resources OF the country are worth deyel-
oping. Government aid would enable us to
take up the mortgage, which Ia due In eight
years, and give us large surplus from year TO
year
am willing to hand over to the people one
half OF my interest and perhaps a little more,
and the other owners would rcitnquiah \ large
par, of their share. The question Is, then, how
shall we bring the matter before the states, ter
ritorics and counticsi We have the stock
ready for the transfer, having been very caro-
ful not To dispose OF It, thinking Il best to hold
II till sometime In the future. You, IA Com
missioncrs have only tn determine the guam
tity and the manner In which II Is tn be dis
posed of.
III the people place their money IN a second
mortgage II will only be loan Mt a good rate
of Interest
IF they think the other proposition is prefer
able, then all we ask is for the people 10 come
In as we did, on the ground floor M the express
sion goes, and we give over 20 them the benefit
of our experience. and don't AJAX ANYTHING In
return for the work of surinounting the troub
les we have had.