New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-10-22
GET OUT THE CHECK BOOKS.
THE SUBSCRIPTION FORM IS READY.
AGREEMENT OF THE WORLDS FAIR FINANCE
CoMMITTEE-FUNDs FOR PREIIM.
NARY EXPENSES.

AGREEMENT OF THE WORLDS FAIR FINANCE
CoMMITTEE-FUNDs FOR PREIIM.
NARY EXPENSES.
Tho Worlds Fair Finance Committee met at tho
Chamber Of Commerce yesterday at neon and finally
adopted the form Of agreement under which sub
scrptions to the guarantee fund Of 100000 win be
received The phrasing OF this form occupied the time
OF the committee for about two weeks The members
present at yesterdays meeting were Samuel ID. Bah
cock, chairman; August Belmont, Calvin 5. Brice.
John H. Inman, Morris K. Jesup, Eugene Kelly Jesse
Selignan Frederic A. KurSheedt. J. J. ODonohue, j.
Edward simmons william steinway and William Mem.
Speer, secretary of the General Committee, ex-of-
fcio The session Of the committee lasted two hours
and at It's close Secretary Wilson to the reporters
the form Of agreement adopted 1t Is as follows:
1t being the desire OF the subscribers hereto that there
should be suitable recognition Of the four hundreith an
nversary Of the discovery OF America BY the holding Of an
International exposition the city Of Newfork now there
fore we, the undersigned in confederation OF the sdvan
tages which will result respectively from concert OF
action and Of other good and considerations ana the
efforts 10 be made by Samuel d. Dabcock August Belmont
Calvin s. Bice, w. Lanman Bull Robert Dunlap. Jay
Gould, Henry o. Havemeyer C. r. Huntington Henry b.
Hyde, John H. Inman Morris X Jesup Eugene heny,
Frederic A. Kursheedt, John McKesson. Ogden MiHs j.
rerpont Morgan, Joseph j. o'DOnohuc, Herman Oerchs
Oswald Ouendorfer, William Rockefeller. Jesse Seliaman
Eiott +. Shepard, j. Edward Simmons, Charles D. olnlth
William Stenwoy, Cornelius Vanderbilt Hugh J. Grant.
william Mem Speer, procure the subscriptions herein
after provided for and the organization OF corporaion u
control and such exposition, do agre' eaeh Tor
himself pay the said Samuel ID. Babcock and his as
sOcatc heToinaboVe named their request TO sail
corporation the respective opposite names
upon the following terms and conditions. 70 wit;
First Such subscriptions shall not be binding until such
corporation shalt be organized under Federal
statutes both for the purpose OF holding such nterna
onal exposition in the city NewYork ana until the
Congress United shall recognize such
stOn and location
Second No subscriptions shall binding until tho said
Samuel d. Babcock aud his associates named shall
baye succeeded In obtaining subscriptions hereto to the
amount OF at least five millions OF d)ars
Third. Such subscription shall be preliminary or Guar
anee Fund to be paid in instruments OF not more than
onefoprth Of their respective amounts at one time
upon calls for the made intervals OF not less than
by Samuel Babcock and his assoc
cates they shall determine BY the said corpora
ton, and when such subscriptions shall be fully paid.
certificates shall be issued emitting each subscriber 70
ataby with all subscribers TO the capital stock
Of corporation in all and funds that remain
after the conclusion OF the Exposition the closing OF all
Its accounts payment OF all It's liabilities OF every
nature and the liquidation Of all It's expenses
Fourth Ia event shall the subscribers 10 this fund
liable for any debts obligations growing out OK this
subscription said Exposition except TO the extent Of
subscriptions and the certificates 10 be Issued
in such form avoid any cain for personal
liability.
pended by corporation only for the purposes Of said
Exposition
Sixth, Calls for payment ot subscriptions shall be on
not than days notice be sent by mail to the
address given opposite the OK each subscriber any
other notice being hereby expressly waived.
seventh Samuel D. Babcock and his associates herein
above named having contracted with by the
because OF their having been selected as
Finance COMMITTEE aid OF the AFORESAID International EN-
position II Is hereby further agreed that all stipuaons
uada don't
Bbcock and his shall be considered as fully met
by the action OF the majority Of Them and IN case OF
vacancy by DEATH resignation otherwise such vacancy
may be filled by their survivors
Resolutions were adopted directing the secretary
10 have printed at once 900 subscription books each
containing the heading a. above. They will have
places for dates full names of the subscribers their
addresses and the amounts subscribed, and Will be
Of convenient siz" be carried in the pocket ono
or more Of the books will be given to each member OF
the General Committee. and copies will be placed In
the principal spaper Offices banking houses, Dalks
National state and savings. trust companies eA-
changes and other financial institutions. clubs and or
ganizanons. receipt Is to be taken Tor eacn Dooh
and daily reports 10 be made To the secretary Of
the committee OF the amounts OF the SUBSCRIPTIONS
Another resolution provided that subscrfpnors
should be opened at the MAYORS once ana ~
the offices OF Drexel, Morgan CO.. august Beim9n'
d Co.. J. W. Sellgnan a 20. and at me E0ur,h n
tional Bank Of which the president. J. Edward SIM
mons is treasurer Of the Finance committee. ,.,.
Mr. Wilson al gave the contract Tor making
the books TO q large manufacturing establishment
downtown and 1t stipulated that work on mem
should go on day and night until finished IL Is
likely that the books will be delivered Wednesday
night and BE- distributed on Thursday. Then there
viii he no further reason for delay III rals-
inr The fund considerable interest is at
tacbed 10 the subscription expected from
the railway transportation lines. The domestic
steamboat interests have already indicated through
+ H. Starn that they will subscribe $500 600, ana a
much larger subscription from the railway lines Is
Looked for A member of the Finance Committee
sojJ Yesterday thai the committee would be greatly
-an1ointed IL the railway interests subscribed less
Ogers OF lots within the site continue to reach
the committee on site and B1tldings ,. -
5Tbege VIII he a meeting Of the full committee on
ca and buildings at 3 O'Clock this afternoon ar which
7, g eVrecpd there will be an interesting discussion
concerning The possibility OF securing ihe bioo""s'
dale Asylum grounds ,, ~,.r.o p,rd
Contributions to the preliminary expense blr1
nt rs check for $685. "a. Isidor Wormser and
r. NJ Galloway sent like amounts h Mum m :, Se0
COS w. receyed from the lumber trade. Louis Wind