St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-07
LOOKS LIKE THE LAKE FRoNa
The Worlds Fair May Be Held
There After ALL

CHICAGO, Sept. Cit now looks al
though the major part of the W orsd'i
fair may be held on the lake front after
all. Heretofore the difficulties In the
way of an agreement being reached be.
tween the exposition directors and tha
Illinois Central railroad people have
seemed insuperable. These, in the
opinion of some of the directors. have
been overcome at last. The Illinoil
Central officials have sent to the cOms
mlttee on grounds and buildings letter
In which the company agrees practically
TO all the conditions laid down at the
outset by the committee. In this Ote,
on which it is understood the Central
people are all agreed. the company con.
sents to the use of the lake front
east of the tracks for the worlds fail
purposes, agrees to the piling and filling
in of the lake and to a satisfactory ar.
rangement of its tracks during the ey.
position. 1t is further stipulated that
Should the supreme court decide the suit
now before it regarding the lake front
and riparian rights in favor of the COM
pany the latter will reimburse the expo
sition company for the cost of the work.
In such an event also the road agrees to
give the exposition corporation the use
OF the ground rent free and to allow one
years time after the close of the expost
tlon for the removal of the buildings.
Nearly Million Paid In.
Speaking on the subject of sensa.
tional reports and unfounded charge.
bearing on the financial status of the
world'sCOlumbian exposition, Treasurer
Seeberger stated to-day that not onl,
was the first S500.000 of stock fully sub
scrlbed for. but the surplus of these
original subscriptions is ample to cover
any deductions which may eventually
be made on account of duplicate sub
scriptions, or subscriptions made
through misapprehensiOn, leaving the
full S5.000,000Of validated unconditional
subscriptions. In addition to this, said
Mr.. Seeberger, over S500.0O0 have al,
ready been subscribed to the seceud
S5,OO0,OO0. not including the subscrip,
tions made conditional on the adoption
OF the North side sites. 1t is confidently
expected that when work is actuallV
commenced,a large proportion, If not all
of the second $5,000.000 will be placed,
Of the first $1,000, 900. over $3.50, 600 have
been paid in, and on account of the sec.
ond S.. 100000. no part of which has been
regularly called for as yet, over $40. God
have been paid in, and there still re.
mains in the treasury, after paving the
expenses OF the preliminary Organiza-
ton, and of the agitation which finally
secured the fair for Chicago and of the
permanent organization to date, 1860, 600.
all of which is Oh deposit with twelve of
the leading banks of Chicago, and draw
ing interest which is added to the prin-
cipal every month. When the actual
work of construction begins there will
be no delay on account of lack of funds.
Over nine-tenths of the first SIS, 600. 600 10
subscribed for by substantial business
mon, firms and corporations. who have,
as rule, met their payment promptly
and in a business-like manner. When
the question of site is finally settled,
and work actually commenced, the great
bulk of those who have not yet paid
will no doubt meet their obligations like
honorable men.