St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-11-01

the personnel of the meeting is a sufficient
guarantee that the resolution will be carried
into effect 1t is also apparent that the
projectors of the movement do not intend
that grass shall grow under their feet The
ball is to be set in motion at once, and
when the New Year arrives st. Paul will
have the most artistic and magnificent
structure on the American continent. The
rgors of our climate will have been con-
verted into a blessing, and Old Boreas HIM
self will be robbed of his tierceness and
tanned into useful builder, who shall
construct for us a palace of more radiant
splendor than was ever built by king or EN-
peror.
Looking at the project from purely
business standpoint there was never bet
ter paying investment presented to the citi-
zens of our city. The comparatively small
amount of money required for the construc-
ton of the palace makes it evident to the
mind of the ordinary business man that
there are chances for good dividends. But
If the admission was free, and not cent
realized from the carnival, it would
still be the most profitable $15, 000
ever expended by the people of this city.
st. Paul would get triple return IN the
advertisement the city would receive. 1t
would attract people here from all sections
of the country to have their minds dis
abused of the misconceived notions the ma
jority of the people, who have never visited
Minnesota, hold regarding the rigors OF our
climate. They would come here in the
dead of winter to learn that we are not llv-
ing in the Arctic regions, as many OF them
suppose, but that the eXhilarating inf1u-
ences OF our dry atmosphere only brace the
system up to a keen enjoyment of the Win
ter season. And, then again, the expendi-
ture will be judiciously made be-
cause of the enjoyment it will
afford to our own people. The relief to
the monotony of winter afforded by the
carnival will be a genuine blessing, as it
will be a most delightful enjoyment.
On Monday evening the plan for organic
ing the movement will be determined.
Various propositions have been made as to
how the money shall be raised. 1t seems
to be agreed that the municipal government
shall not be asked to contribute. In fact
the city has no surplus funds to appropriate
to the purpose, and if it had it would be
doubtful whether it ought to be asked to do
so. 1t is better that the carnival should be
an individual enterprise. 1t cannot be made
the success that it should be unless placed
on a business foundation. In order to
achieve success it must be conducted upon
business principles. Therefore it is in
tinitely better that it should be placed under
the management of competent directory
composed of persons who have direct per-
sonal interest in its success. There seems
to beno difficulty about raising any amount
of money that may be necessary. The
only question is as to the plan by which
it is to be raised. AS is elsewhere
stated, the plan agreed upon by the COM
mittee will be to organize joint stock
company, with capital stock of SIS, 900,
and the shares to be fixed at 500 each.
There will be no difficulty in having the
shares all taken. 1t is only question
whether, in project of this kind in which
all of our citizens are interested it would
not be better to fix the value of the shares
at even lower rate, in order that more OF
our people may have chance to become
stockholders. When st. Louis determined
upon its exposition the stock was placed at
S25 share, and the S500,000 was raised
before one-half of the people who desired
to subscribe had an opportunity to do so.
This is offered merely as suggestion, with
the expectation that after full discussion
and mature deliberation of the subject, the
meeting on Monday night will adopt plan
which will best insure the complete success
of the enterprise.