Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1884-02-27
A RAY OF LIGHT
lawTs on the State Fair Associa
ton
At the Last Moment, a Favorable Scheme
is Proposed aad the Association
Probably Saved.

Yesterday afternoon the stockholders Of
the State Fair Association met at the Court
House for the purpose Of taking decisive
action IS to whether the Fair Association
was to be thing of the past or to continue
to flourish in our midst. Before entering
into the details OF the meeting slight his
tory of The Association from q financial
view might be OF in teres. to our citizens. The
Association prior to the flood, had CAPT
tai stock Of S24. 900, of which s23,70O was
actually paid in. The Association has
debt of $40, coo standing against it. The
notes for this amount are endorsed by
the d;rec ors as individuals. The directors
decided Immediately after the flood to
tUIm q new association with q capital stock
Of $40, coo, but after thoroughly canvassins
the city, they only succeeded in getting
IS 450 worth of stock subscribed. They
then decided to abandon the project and
sell the grounds TO pay the debt, and
drafted resolution to that effect, which
was presented at the stockholders meet
ing yesterday:
ing recommended that the Secretary be
empowered TO sell the grounds and pay all
Several speeu hes were made and finally
Secretary Hook arose and gave al exact &C
count Of the situation, showing that while
business men were all IN favor OF the Fair
Association yet when it came 70 subscrl6-
ing stock, they offered excuses. The Sec.
rotary further said, Had the stockholders
OF this association raised the money last
fall asked for by the Board Of Directors,
the debt now hanging over the association
would have been cancelled and We would
have had no trouble in raising sufficient
sum to replace all buildings, fences etc,
lost during the flood. AS the matter now
stands, it is impossible for the association
to raise q sufficient sum to replace its
losses, except by subscribing additions!
stock"
Mr.. Kimberly was in favor OF selling out
and cancelling the debt, then ii any Joint
stock company wished to start far
grounds they could do so.
MIR. Campbell said: when | started 10
attend this meeting was OF the opinion
we could bridge over this temporary EN-
barrassment and go ahead with the fair.
But on tntering this room find so many
Of the stockholders were OF the opinion
that TO sell out was the only way out Of the
difficulty, | was compelled finally to accept
their vie VS. OF the matter, though l am yet
in favor if the majority so will it, to double
my stock and 60 ahead ourselves with the
fair. 10 my opinion 5000 or $1,000 Will
repair the grounds so that fair can be
held. and have no doubt but that those
holding the $4,000 worth Of notes against
us will allow us 10 renew them, provided
we can Get indorsers.
Mr.. Fl, bbs-I am one OF the enGorsers
and sm willing 20 renew my endDrsrment,
provided enough money Can be raised TO
place The Fair grounds In the same CJa-
dition h ey were prior to the Hood.
Mr.. L rkin-I do not think we will have
any trol BILE to raise $4,000 or even $l5,-
OC1. will venture to say, that every gen
tlemsn who has signed for the new stuck,
which spouuts to IS $50, will agree 10 take
that an cunt Of stock in the Association,
without the proviso, that s35, 900 is 10 be
raised, il they are informed that Sl2OU,
or there about, will replace the Fair
grounds in as good order as they were
prior to the flood.
On motion the resolution offered by the
Dire ctors was tabled.
Capt. Mcclure offered the following reso-
luton, which was adopted; That sum
not less than $4,000 be raised to put the
grounds in order.
The chair informed the stockholders
present that those wishing to subscribe ad-
ditioual stock to 90 so now, so that the
body would know exactly upon what basis
they stood. In less than ten minutes
s.. 800 worth of stock was subscribed.
Msssrs. Rolf, Frsnzheim and Lsrkin
W, re appointed committee to solicit stock
in the city snd Messrs. Nichols, Jacobs,
Woods and TaOrnourg to solicit in the
country. A resolution was passed empow.
erins all stockholders to solicit stock.
Mr.. Campbell ofIereda resolution tender
ing vote Of thanks to the press OF this
city for their assistance, which was adopted.
Mr.. Hobbs offered a resolution to the
effect that the old committee OF the board
of directors who received the $3.50 worth
of stock, to again call on those subscribing
and see if they will not allow the stock to
go into the Association 70 be used IN re-
pairing the grounds, &c.
The meeting adjourned to meet the Sth
of March to receive reports from the conf
mittees