St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-03-20
FINANCIALLY SOUND.
Chicago Will Pay the Piper
for the Proposed Worlds
Fair.
Uncle Sam Relieved Of All
Obligation in Connec-
ton With It.
Partisans Of Defeated Cities
Submit a Whining Minor
ity Report.
Proposed Relief for the Set
tiers on the Northern Pa
eifie Indemnity Belt.


the different sections of the bill which
have already been detailed in full in
the dispatches. The fifth section it is
stated, authorizes national commission
in place of local corporation as pro-
vided in the original bill to accept for
the worlds fair the site, plans and
specifications Of the buildings to be
erected and rendered by the corporation
created under the laws of the state of
Illinois, known as the Worlds EXPOSE
ton of 1892" The report states that the
committee in presenting this section rec
Ognizes the objections which have been
raised against a federal corporation and
has avaied itself of one created under
the laws of the state of Illinois. This
suggestion, it is stated. was made by the
representatives of the city Of Chicago.
1t is in accord, says the report, with the
action taken in the formation of their
corporation; it is simple and practical,
and relieves the government from any
obligation or connection with it. 1t
insureS that everything connected with
the selection of the site and erection of
the buildings. shall be conducted by
corporation with ample means, which
will deliver it for the
Uses of the Exposition.
without any obligation on the part of
the United States government, implied
otherwise, beyond that which the gov
eminent appropriates for Its own COM
mission and for its own exhibit. And
the commission, the report states, act
ing independent of the corporation and
without power to incur any obligations,
is instructed by this act to accept the
buildings only when they shall be
deemed by the commission to be ade-
quate for the purposes for which they
are intended. The report continues:
"ln the original, which was submitted
to the house, the eleventh section stated
that not less than the SUN of 100000
should be subscribed and pledged. and
not less than 10 per cent thereof should
be actually paid in in cash before the
commission could do any corporate act
other than that necessary to its Organi-
cation. The bill now reported is still
more conservative, protecting the gov
ernment's interests so far as its cOnnec-
ton with it is concerned, and inSuring
the financial success of the fair beyond
reasonable contingency by providing
that the commission shall not only be
satisfied that the actual bona tide SUBJ
scription to the capital stock of at least
S5,000,000 has been made, of which not
less than $500,000 has been paid in, but
also declares that the further sum of
$1,000, 900, making SO. 100000 in all, shall
be provided by the corporation in ample
time, or as needed for the successful
Prosecution of the Work.
The committee has given careful con-
sideration to the statement of the rep
tot nf M I
of the city of Chicago, as to the sub
ScriptiOns to the stock of S5,000,000, and
believes the subscriptions to be bona
fide, that they are made in good faith,
and that they will be paid. Some of the
statements made by the chairman of
that committee are appended to this re-
port. The committee also accept the
statements and representations made
by the citizens Of the city of Chicago
through their committee, as to their
ability to raise an additional five NIL
lions, and are Of the opinion that they
are made in good faith and will not be
repudiated. While it is the Judgment
OF the committee that the city of
Chicago will meet the obligations
and promises of their representa-
the fact that the Judgment
of this committee is not taken alone, but
that the commission, on the spot in Chi
cagO, will have more favorable oppor-
tunity TO satisfy themselves i'll regard
to the site and plans of the buildings
and the certainty of ten millions of dol
lars than it would be possible for a COM
mittee of this house to do without TAX
ing more time and entering into the de-
tails of the exposition more fully than it
would he wise and practicable during
session of congress. The representa-
tives of the city of Chicago who have
appeared before your committee were
ready to meet every requirement indi-
Gated by The bill previously considered
or in the discussion while the location
of the site was pending, and your COM
mittee desires to recognize the fact that
it is due to the city of Chicago that it
should he assured by the action of this
house that
A Fair Is to BE Held
in the city of Chicago, without further
delay, as the business arrangements
connected with the provisions of this
act can be better adjusted when they are
assured of the action of congress. The
committee claim that the government of
the United States does not assume any
risk, but is asked to enact such legiSla-
ton as to demonstrate that it is in SYM
pathy and desires to encourage the pa
triotic efforts of the citizens of Chicago
in this great national and international
exposition that will mark this important
epoch III the history of the world, and
commemorate the life and services of
Christopher Columbus in a manner
worthy of the continent which he dis
cOvered.' The report analyses and eX-
plains each section of the bill Concern
ing section s, which provides for the
dedication of the buildings on the 30th
day of April, 1892, the report says that
there was difference of opinion in the
committee on the time for holding the
exposition, and each member reserved
the right to vote for such time for open
ing and closing the exposition as might
be deemed best after further discussion.
The cost of the government buildings
is limited by the bill to 100000, and
the bill apprOpriateS 100000 of
that amount for the remainder of the
fiscal and for the fiscal year ending
June, 1891. The expense of the govern
ment exhibit, maintenance of buildings
and contingent expenses to June 80,
1891, are provided for by an approprla-
ton of 5000, 900, and the whole eXpendi-
ture of the government for all purposes
connected with the exposition is limited
to 81, 100000. The actual expenses of
commissioners away from home are to
be paid, and the officers of the commits
sion are to receive compensation subject
to the approval of the secretary of the
treasury. In conclusion the report calls
attention especially to the efforts of Chi
cago to secure the fair, and to the fact
that experts were sent from Chicago to
study the Paris exposition in auticipa-
ton of the choice of Chicago for the fair
of 1892. The contributions to the Paris
exposition under the agreement were to
reach $S,600,000, while
Chicago's Guarantee
is 100000. The estimated cost of the
Paris exposition was sS,O00.O00, and the
. committee believes that the S10,OOO,OOO,
with the site to be provided by Chicago.
will be ample for all the purposes of
fair in this country. The report is ac
companied by an appendix containing
NUMBER Of communications from cabi-