New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-09-05
AWAITING THE DECISIONS.
N THE MEANTIME, MORE SUGGESTIONS.
BENrr cLEws OUTLINES FINANCIAL SCHEME

nrNrY cIEws OUTLINES A FINANCIAL SCHEME
| AND GENERAL JoURDAN POINTS OUT SITE.
The work at the Mayors Office on the International
rxnosItion is practically at standstl awaiting the
ac,,on ~ The Finance and site Committees. "hen
these committees report the main WORK WI" oc pusheu
| forward. ~, ,,.u. ISL,
,od rad wrote Yesterday urging that the site should
| 30 Tho ocean Parkway and parade grounds south OF
| psnect Park and near Greenwood Cemetery lie
COWS that this site is reached by three steam roads
ALI having termini at the brooklyn water iron', oo
sides nv a number of elevated roads ana strcctcar
| lines In the communication when "eherdi 1ouiuah
| sends with his map, he says ,. ,.,.
wei plentiful supply Of good water, excellent drpnage
ho r,n,moth hotels Of CoDey Island close TO hand ana
hundreds OF less preenous ones in the Immediate Vcny
20 say nothing OF Brookyns thousands Oh newly puii'
bouses waiting tenants and capable OF being turned az once
into boarding houses need be- and with the oca
80 :, tho three greatest pacing tracks I'm the country,
80 =, which the Sheepshead Bay course Is perhaps the
finest in the world Brookyns beautiui prospect farK
h Atlantic beaches at the various points along Coney
Island and the Rockaway shores II wouu appear 'a' 'i'
/ is the very best location that can DC Sce0~1
The wool trade sent this peuiloh'
Tho wool trade would like cooperate with others In
having wool interesting ana instructive feature
Of the Exposition and ask your Honor TO recognize
the action OF the wool trade OF THIS city Oy 'ppo'ng
George Folett the committee
| Harry Clews wrote the following letter;
Isne certificates OF indebtedness in denominations Of
| $40 s25 $50 $780, $500 and $1,000 amounts bearing
civ nor cent interest payable annually, or at any other
od ot tho discretion Of the Finance Committee, said
-. % No provided for from the net ppGts derived
| from the fair ma, int a,,ss,n
| These obligations to be convertible into admission
tickets for both principal and Interest AZ 'e pressure u
~ hn,do, 1--WE per cent discount to be allowed on all
oh conversions OF denominations OF $40 s25 $50 and
e1oo amounts on the 500 denominations seven ana nan
nor cent TO be allowed, and on the $l0Vo denominations
| ten per cent allowance to be maue'
ranks banking and mercantile firms In good standing
70 he made agents sale application to the Finance
C,,,co ~ by solicitation Of said committee, or any
commission Of one.eighth OF per cent to be al
lowed on all sales Of these certhcates OF hueptcucS'
whenever the amount reaches from 500 up 10 sooo or
are, per cent on sales OF 900 and upward These
| ce,i6cates to bear consecutive numbers as issued
The Finance Committee should reserve the right to call
IN for REDEMPTION said certificates az any uhe @of the
exnson Of one year from the opening OF the faf the
call 70 be I'm rotation OF numbers After puohc houce
In the morning papers been duly given, the interest
OF certificates 50 called to cease from that date.
n Is quite reasonable say that the net f"eipts OF
tho fa,, win be more than ample to provide for both
,cina and interest for all the unconvertbe ccflhcaes
within two years the opening OF the ar the amount
OF Issue not exceed slO,OOO,OUO
A letter was received from Joseph J. o'Donohue
who has Just returned from Europe, accepting his ap-
noantment on the Committee of Finance, ana saying
that he Will 60 actively 10 work In few days aIer ho
! has gone on fishing trip
G. A. Verbeck calls attention to plan for putting
nm structure of great height the pattern OF the
| Edel Tower He sends drawing of his tower which
| is monster balloon held captive by diVergng stay
draped in some light texture so as 10 IeSehDc SUM
| structure. a., ,a T., . Io,tor IN
the committee. points out the attractions ol OarcnoH
| and Fleetwood parks as site . 49,, A., -
Philip Dolan asks the committee 10 piace Ile FL
| posffion on a site extending from One-hundfeG an
ientbst 10 Onehunded and thrtieth st. and from the
| Hudson River as far east as necessary. ms "ouu
| include West End and Momngside parks. -,
Thomas OverlnGtOn asks the committee 10 tahe a
look ar the open level grounds at the upper emu Oh
Central PARK Just above One hundred and tenthst.
| Emil Brincr expresses the hope that me Secuon
north of Onehundrcd and thirty sXthst to the Harlem
River and west Of Sevcnth-avc will he examined.
Colonel John A. COcker1ll Of 90 The World" mas oeeI
| annointcd a member of file Committee on site ana
buildings by Mayor Grant, in place OF Joseph Puzer'
whose III health makes II impossible for nm 10 seHc.
The Fyecutive Committee Of the Committee on ste
and Blldlngs Will meet this afternoon at O'CLOCK