New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-12-05
THE BILL FOR CONGRESS.
WORK OF THE WORLDS FAIR LEGISLATIVE
COMMITTEE.


-. ~. h.,aouartsrs yss,erday and adopted tAe OH
prepared by the Committee on lAtslatoh l0i -, -.
auction in Congress. The bill was dral'eu ny -
rev NJ Deeew Elhu Root W. c. whitney an" 80,
5 Hewitt There are twenty one stcuohS >" :. e.
he first of which provides TIA; y" IN ce1e''~ =, y.
eGoth anniversary OF the discovery oil na. Stances
,p,obus an Intern tional Exhibition OF Ar,s' -
Marp,ac,ur,. and the products OF the sou r.
c.. sh,u he hsd under the direction oi ui0 80"
s,at.e international Commission. ootp ~,
nv this &C, for such purposes III INC cry :, y. oorI
N he irSururated in the year Io0-' "D ~ ~.
t,rp.s 90 long as SHALL he desnieu a"' "
Commission -,..s s,.,.s International
~ 20 III cansiSt of two Commissioners nOH
-. ID oro nom each Territory and the DIS
- :. columbia together with the ioho"lhs hameu
s,,,,unx Of New.York: Hugh j. Grant oaHiuel ~ n'u
-, .u.,S. pelmont. Calvin :. Brice. W. LahAian hun'
Nr.r@ punlsp. Jay Gould, Henry q. Haveneyer.
Henry B. hyde, c. r. huhuus'oh' 'onH - Ia
,,orr. < yssup Eugene Kelly, Frederic A. hur-
ho.dt John NcKesson jr, ogden Mills j. Plerpon'
Morgan Joseph ]. o'Donohne, Herman oelrchs' Os-
vald ottendorfsr William Rockefeller, Jesse schgmai'
] Edward simmons. E. +. Shepard, Charles stewart
Smith. William steinway, Cornelius vanderbilt, Edwaro
II. Ammidowu, Daniel r. Appleton, John T. Calhoun.
Frank ". Cheney, Alonzo b. Cornell Chauncey NJ
Depew, Franklin nson, Joel B. Erhant' william M
Fyar1s Hamilton Fish, Abrsm 5. Hewitt james W.
uusted Jos,pb Lehman william Il. Mayer, Herman
c Nendelson Warner Miller Levi p. Morton. Thomas
T. Platt Elihu Root, General William T. sherman.
Ambrose snew, william f. D. Stokes, james W. zap
pin Francis g. Thurber, William c. Whitney. John T.
Aencw william Waldorf Aston, James Gordon Ben
nett Cornelius n. Bliss, John Bogart Charles r.
Chandler, Joseph I. c. Clarke. Edward cooper.
Charles A. Dana John n. Crimmins. W. l.. Davis.
Roswell p Flower John Foord, Samuel Gompers
W r. Grace Andrew II. Green, Henry Hilton, Rich
aN NJ Hunt, D. willis James, George JONES' Arthur
Lesry John Fl. Starin ISidor Straus Henry H. Towhe
George Warner, Edward d. Adams, John NJ. Boweis'
Alfred c. Chaplin. Grover Cleveland, Orestes CieVe
land f. NJ Crawford, T. c. Eastman Charles J. Gil
lis Henry Goldberger, John II. Graham, Franklin L.
ounther, George G. Haven, Z. l. Horsman, J. J. Lit
tie Henry G. Marquand f. L. Mortified, Frederick
Mohr Charles A. Moore, Thomas F. Ryan, John Sloane
Edmund c. stanton, Walter stanton, Evan Thomas
Charles L. Tiffany, Benjamin Wood and W. McM'
Speer.
The names include those Of all the members OF the
Finance Committee and representatives from the
Worlds Fair committees The Commission is TO be
created body corporate. It's existence and functions
TO last until the object for which II is framed shall
have been accomplished. The commissioners from
the states and Territories to be appointed by the
President OF the United States upon the nomination
Of the Governors Of the States and Territories. The
Commission must hold its meetings in the city Of
New-York.
The bill provides that the Commission shall submit
TO Congress as soon As practicable suitable date
for opening and closing the Exhibition. schedule Of
appropriate ceremonies for opening and defeating
it. and the requisite Custom House regulations for the
introduction into this country of any articles from
foreign countries intended for exhibition The PTesi
dent at the proper time. is TO issue proclamation
setting forth the time at which the Exhibition will open
and close and the place which will be held. The
President viii communicate this proclamation 10 the
diplomatic representatives of all nations and WILL in
behalf of the Government and people, invite the for
eisn take part in the Exhibition and appoint
representatives thereto.
The Commission is TO have authority 20 receive sub
scrfptions of capital stock amount not exceeding
$50 100000, 10 be divided into shares of $40 each
for which certificates 10 be issued TO the subscro
The subscriptions b the 100000 guarantee
fund are 10 be included among the subscriptions to
the capital stock and the subscribers are to have GER
tincates for their respective amounts The proceeds
of the capital STOCK together with the receipts from
any and all other sources, TO be used by the cor
poraion for the erection of buildings and for all other
expenditures required In carrying out the objects Of
The act The corporation is 10 be required to keep
regular minutes Of IFS proceedings and fun accounts
with the vouchers thereof which are always TO be
open 10 the inspection Of any member shareholder
under proper regulations.
The secretary is call together the Commission In
the city of New York soon practicable after the
ar pointment Of the commissioners, and subscription
sixty days. the expiration Of that period the Com
mission is be called together again by its president
and secretary pro tcmpOre for the election Of perma
nent officers When 100000 of the stock shall have
been subscribed for meeting Of the shareholders 10
be called TO elect Finance Committee. Upon the
organization of this committee the Commission is 10
turn over 10 il the stock books and all moneys col
lected with full statement of all financial transactions
10 date.
The Commission may require security from ali its
collecting and discussing agents including those Of the
Finance Committee. The Finance Committee is 20
select repositories for the money. TO audit all ar
counts and 10 provide system Of checks and safe
guards with view Of enforcing economy and efficiency
in the financial administration Of the Commission. The
Finance Committee may open books for further sub
scriptions the capital stock as occasion may
qulre and take all measures needfu TO secure their
collection.
The officers OF the Commission and the members Of
the Finance Committee to hold office for year
and there to be annual elections during the exist
Of the Commission. The Commission is 10 pre-
pare classification of exhibits and appon, all judges
examiners guards and other subordinate officers. award
al premiums and generally have charge OF all inter
course with the representa- tves of foreign nations
Authority viii be vested in the Commission or Cor
peraon TO issue bonds other evidences Of indebted
ness and secure the payment OF the same. principal
and interest by mortgage upon its property and In
come, present or prospective, in such other
a II may deem proper. The stock certificates
to be prepared by the Secretary of the Treasury, a.
the cost Of the Commission
Nothing in the art is be construed as creating
any Liability OF the United States for any debt Of the
Commission, or for any claim Of the Commission for
aid or pecunlary assistance from Congress No member
of the Commission whether a shareholder or not IS
10 be personally liable for any debt incurred nv fine
Commission. The corporation is not to exist beyond
January ], 1893. The nna section reads.
Not less than 5000 600 shall De subsr,lbcd and mt
Jess than 10 per eentum thereof shall PAID I'm before
corporation shall do any corporate act other than the
necessary % IT, organization. DO part o. The
capital assets Of said corporation shall be with.
BY refunded to- divided the stockholders