New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-10-11
PRICE THREE CENTS.
WELL. THE MONEY is HERE.
Committeeman EAGER TO CONTRIBUTE
TO THE FAIR.
THEY START IN WITH SUCH RUSH THAT
THEY HAVE TO BE CHECKED-REpoRTs
FROM THE COMMITTEES on FINAYCR
PERMANENT ORGANIZATION,
LEGISLATION AND SITE
LEGISLATION AND SITE.

LEGISLATION AND SITE
The Worlds Fair General Commi,,s. ma, ,r -.
hluermens Chamber at the City Han Yesterday after
noon IL was the first NEE; nC Of the committee since
"o orls'hal one at which its organization was per.
iectod' Originally the committee was composed of
iVo members, but when the roll was called yester-
day, no less than 2s2 names were real NJ citizens
representing every branch OF the social and Industrial
lie OF the metropolis, great maioi;y of whom had
been added 10 the committee through the deslrs ~
those engaged IN every kind Of industry 10 he rer.
Sented in the great enterprise
The meeting showed that conservative men could
become enthusiastic in working out the mere details
or so vast an undertaking, and better than all n
demonstrated that men able TO give were more than
willing to do so that personal effort would be added
to gifts of money, and that nothing would be lett
undone TO bring the Exposition here and make 1t
great success. Practically, the work OF the sub
ordinate committees approved including the pro-
pOsal of the Finance Committee for the raising OF
S50oooOO guarantee fund and the decision of the
Committee Site and Buildings that part Of Central
Park should be used II necessary.
Mayor Grant called the committee 10 order promptly
time at 3 o'clock Tho chamber crowded in
every part at that hour, and more members
stanty arriving One hundred ana twenty five mem-
bers responded to the call Of their Names and prob
ably fifty arrived subsequent the rollc all
Among those present General W.. I. shernea
Carl Schurz, Thomas A. Edison. William Steinway,
Jesse Seligman, George Warner representing the Cen
tal Labor Union; Samuel Gompers, representing the
American Federation of Labor; Henry Hilton Pro-
fessor Charles f. Chandler W. T.. d. Stokes, August
Belmont, j. Edward simmons, A. VI. Palmer Harry
Miner, Edmund c. Stanton Henry II. Towne Isidor
straus, John Clafin, Louis Windmuer, Eugene Kelly,
Joseph j. ODoEohue E. G. Blackfori, Isidor Wormser
John Sloane, f. F. Ryan, John NJ. Bowers. f. D.
Adams, j. W. Tappan, Roswell P. Flower John ID.
Crmmns General Francis b. sp!noa, John T. Agnew,
Edward Cooper, John FOord, A. b. de Freeze, c. A.
Moore, W. L. Bull, +. b. Thurber, John f. Plummer
Henry G. Marquand, John H. Inman +. A. Kursheedt,
John Jay Knox, Calvin S. Brce, John Bogarp Richard
Croker, Ex-Governor A. B. Cornell, Herman Oerichs,
Charles f. Meyer, Albert Pulitzer, J. l. C. Clarke.
Walter Stanton, q. Waldo Smith, W. C. Whitney, ex-
Secretary Of the Navy; John Henry Mccarthy, DR..
Otto A Moses Thomas Laughrau John c. Calhoun,
John II. Graham, L. L. Merlteld, George Law, Morris
X. JeSup, Franklin Edison and Abram 5. Hewitt
After the minutes of the previous meeting had been
read the Mayor called for the report Of the Finance
Committee.
j. Edward Simmons and said that, in the
absence of Messrs. Babcock and Morgan, chalrmen
respectively of the Committee Finance and its
ecutve branch he had been delegated to submit tho
report lie would say that the Executive Committee
OF the Committee Finance had made report TO
its parent body Tuesday last and that that report
had been unanimously adopted as the report of the
Committee on Finance to this General Committee.
Secretary Spear read the report. which pub
lished in full in The Tribune last Wednesday. It
provided for raising guarantee fund of $500O,000,
no subscriptions to be binding until S3OOO,0O0
had been pledged for securing corporate pow from
Congress and In that form obtaining the recognt on
Of the Government Of the project of holding the Fair
In New-York, and, subsequently, when the APP
proximate cost of the site and buildings should be
aScertaned, for raising the entire amount needed.
The secreary's reading exceptionally good and
-rka La EaI E,F~l A.. A.. ~
in an Outburst of applause. Mr. simmons moved that
the report be adopted. Mr. Claim said it seemed TO
him that the otherwise unobtecuonable report pcs
sibly made an error In making subscriptions binding
when $3,000oO0 hal been pledged. He thought 1t
important that New-YOrk should go before Congress
with not less than 100000 pledged. 1t seemed
to him that to make the provision binding when
only the smaller amount had been pledged would
prevent great many persons from subscribing as
literally they otherwise would. For his own
part, he would be willing TO subscribe S100, ,000 per-
haps (applause), In case the amount was to be
IS 1000 600, but If the limit placed at 80 900 0oO
that subscribers might be held proportionately for
greater liability in case Of loss, which he hoped
would occur, he should only subscribe $50 900.
AS the roll called, he had noticed the names of
at least twenty men who, he thought, would be will
ing to subscribe 100000 each on basis Of
Sc, 900 900, and he presumed that Oh So 600 900
limit many of them would feel like reducing their Sub
Scripuons. lie believed the So,OOO,OOO could DO
easily raised in tho committee itseL. He dill not
think NewYork could afford to go before Congress
with guarantee fund of SO, ,000,000 lie understood
that Chicago had raised already than 900 OOo
On these consider ations he desired TO Offer
amendment to the report the following resolution:
Resolved That subscription be binding until the
whole amount OF g., 900 900 is subscribed and more
over, that subscription list be opened Immediately
here.
This proposition created a great deal Of enthusiasm,
and In all parts Of The room TO second it.
When the cheering had ceased Mr. Towne arose 10
propose long amendment to the report, in the form
of resolutions providing thar 10 per cent Of the sub
scrpOnS should al once be paid In cash TO defray
the preliminary work undertaken by the various sub
committees. Ie explained that money much
needed by the subcOmmitees al the present time.
The resolutions had been previously printed, and
Mr. Towne distributed them among the members.
Mr. Bowers called attention the that had
been taken by the Finance Committee to prepare
report that would be beyond criticism, and which
would avoid complication involving any question as
to the legality OF the OF action TO be pursued.
He did not think Mr.. TOwneS resolution agreed
with the plan of the report, and he was uncertain
whether the proposition collect 10 per cent
of such subscriptions might come I'm would be
feasible or legal. in the absence of corporation
duly authorized to receive and dSburse such SUBJ
scnptons. He thought, however that the adoption
Of the report as a whole without specific resou-
ton following IT would leave the committee somewhat
at sea- He would take tho liberty, therefore, OF
Offering a substitute the following resolutions:
Resolved, That the report of the Committee ON
Finance be received, and, following its suggestion, bs
1t further
Resolved, That the citizens Of NewYork be asked
to subscribe guarantee fund of $5,000000 10 be
paid TO such body may be legally authorized TO bold
and manage the International Exposition at the City
Of New-York In 1892. The subscriptions to be pay.
able only when whole s5,o0o0oo is subscribed and
to be paid TO such body when constituted, in install
ments not exceeding one fourth Of their total amouns
upon such calls the said body may make, mob
oftener than three months apart. The money thus
obtained TO be Appropriated rs the said body may
direct Any funds remaining after the conclusion OF