New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-10-05
THE FINANCE PLAN READY
IT WILL BE SUBMITTED TO THE FULL COM
MITTEE ON TUESDAY.
MEMBERS JEALoUsLY GUARD THEIR WORK
THREE MEETINGS At WHICH MUCH
CHEERFULNEss is SHOWN.

CHEERFULNESS IS SHOWN.
The executive committees of the Worlds Fair Com
mlttees Site and Buildings and on Finance ana
Legislation held important meetings yesterday, and the
results cannot fail to crafty all who have become III
erested I'm the project Of holding the Exposition IN
this city These results show how the preliminary
work is nearing Its completion. They demonstrate a''
that the hafexpressed fears Of failure through deay'
which have been heard during the last month"; nave
been groundless and that there is now no reason 10
doubt that tho Fair will be held In TINS CITY anu '"a "
will be a success.
financial plan has been perfected q site dctermiheu
upon and 1t is expected that within week perm@
nent organization will be completed. The "orh mas
made such progress that the Mayor decided yeSteuS
to call a meeting Of the General Committee lor "'A
Thursday by that time the financial scheme WI"
have been promulgated, and the Committee on fernS
nent Organization will have taken action All Oh inc
committees will report 10 the General Committee on
Thursday after which active preparations Tor the al
will begin.
The executive committee Of the Committee Oh
Finance met at the Chamber OF Commerce at l. "o
O'Clock. Those present were j. Plerpoht -uoisan'
chairman; S. d. BabcOck, August belmont 'oi"I ,
Vanderbilt and John II. Inman The absent mehooi'
were J. Edward simmons and Charles >. smith, lho
latter OF whom Is in Europe. The session ias'eu lo
about an hour the whole time being de'o'eu W '"'
final work Of preparing report embracing 'io ""a"
cial plan. TO be submitted 10 the full commune -,
Finance at its meeting next Tuesday. The pan i.'o''
had been practically agreed upon at previous meetings
Of the committee and as printed copies nave pc'i
furnished to all the members, its scope Is 80 wen
understand that Quick and favorable action upon oH
the full committee may be confidently eXpec'eu' i"0
plan has been carefully guarded against preihau.o
publication, and not the slightest intlma'ioh VI ~
character has been allowed TO escape "heh 'io cum
nittee adjourned Secretary Wilson told the lcPoi'o'
that under no circumstances would the executive cum
prblic DriOr
IN the full committee on Tuesday The memoeIS
themselves seemed 10 be in excellent spirits Over INC
completion of their labors, but all dechheo 10 say aug
thing about the work that had been DONE lno i"'
Nor of the committeeman Indicated, however, genuine
and hearty satisfaction with what mad Ooeh q"
cOmplIshed. ,u,-
The executive committee of the Committee on Legs
lation met at 1 o'clock in the directors room VI 0
safe Deposit Company of New-York, NO. l4o bro'o-
way Chauncey NJ. Depew, the chairman was liis' ~
arrive Mr. Depew came in with more thah his u'"''
amount of busting activity, and his couh'on"n''
seemed more than ever If that were possIoio' !" Oo
with good nature. lie had a smile ana ple@'ai'
word for everybody during the short Time penone "0
arrival OF the other members Everything loohs en-
oo,,air, now he said to a Tribune reporter, and
re are going 10 20 right ahead with the project as
there was no such place as Chicago with Worlds Far
aspirations" ~,
The other members who arrived we're John c. Cal
houn A. i. Cornell, Abram 5. Hewitt Ihomas " rlae'
and w. f. ID. Stokes. The absentees were william -
Whitney Warner Miller Elhu Root and f. b. Inuroer'
The committee remained executive secret session LOT
about tv,o hours The time was spent In the ais
cussion and preparation of a statement In outline lot
bc guidance of the other committees TINS statement
as finally adopted declared that all the plans propon
for the Exposition must ultimately be sancuoheu ny
legislation and brought within constitutional ana lesd
limitations As the Exposition will be an inteTna-
auth ri
IFS charter must be derived from Congress and It's
dealings with other nations be through the oncers OF
the United states Government, or a commission APP
pointed or corporation created by It, The state does
not possess any international power. corporation
or body thus constituted, 1t asserts, can receive the
necessary local powers by State legislation such as TO
ACQUIRE and hold land by grant purchase, or by the
exercise of the power of eminent domain; to create
capital stock to issue bonds and TO exercise the usual
functions Of corporations.
The proper proceeding therefore. it declares. will
be 10 prepare and present a petition TO Congress,
setting forth the plan Of the Exposition as completely
as it can be stated upon information TO be derived
from the various committees. similar presentation
should be made TO the state Legislature at the same
time The action Of these two bodies will be such
that the original powers viii DO derived from Congress
and supplemented with what is requisite by the state.
1t asserts that no special session Of the Legislature
corporation with ample powers specifically granted
under laws carefully framed.
AS some time" the statement continues. =" VIII
necessarily capse before this legislation can be COM
peted the present provisional organization should be
continued and perfected. The selection of site and
the report Of tho Finance Committee prepare the way
for an efficient executive administration 10 prosecute
the work until the proposed corporation is ready for
action We therefore suggest that the Mayor should
take steps 10 organize Executive Committee 10 be
composed Of three or mcmbers Of each OF the
four general committees now existing and of which
committee the Mayor should be the chairman. As
this Exposition viii be International recommend
tho Mayor 10 invite the Governors Of the several
state, 10 appoint a representative 10 cooperate with
the existing committees
II was resolved that this committee should there
fore respectfully invite the committees on Permanent
organization, Finance. and site and Buildings to
present 10 MS their plans so far as they call for
legislation, that the Committee on Legislation can
take the necessary action without delay"
W. f. j. stokes. the secretary Of the committee,
after the meeting had adjourned. said that every
member present enthusiastic in favor of having
the Exposition held in this city. II would be tho
policy Of the committee he sad, TO 90 ahead slowly
and jud!clously and to work harmonlously with the
other committees II was manifcsily important that
the committees action should be unanimous. and u
undoubtedly would be. The committee believed that as
the Exposition 10 be international i was necessary
to go to the general Government for It's sanction ana
aid, Mr. Stokes said that the committee by deciding
10 take th, course had scored strong point against
Chicago Chicago's Fair had been incorporated under
state law and consequently there would be no official
channel through which a foreign government could
he treated with. The state authorities would not
dare ~ communicate with foreign powers save through
the officers Of the general Government, and no pro
vision had been made for that.
The member, Of the Legislative Committee Mr.
stokes said. all energetic workers, and would
do every thing in their power to hasten the wOrh The
work Of the committee would embrace the preparation
Of petitions 10 Congress and 10 the legislature and