Evening star. [volume] (Washington, D.C.) 1854-1972, 1891-02-02
THE WORLDS FAIR DEFICIT.


IL II Feared That the Expenses Win b,
| o5.OOO,oO0 More Than the Receipts.
| Chicago paper says the necessary expenses
Of the world fair at Chicago will be sl5 00O 0ct
and the probable receipts Of the fair are placed
at about $4,000, 900 less. At the last meeting
Of the executive committee ii was ordered tina
budget be prepared showing the probable
| expenditures that would be required before tn,
exposition closes The resolution calling fol
the budget was introduced after Director Gen
eral Davis had sent in a statement that six de-
partments must be organized at once. The
estimated expense Of the smallest Of these de-
partmeuts was 81, 900 per annum.
THE NECESSARY EXPENSES.
With half q dozen more depar tments to or.
ganize and untold expenditures contemplated
in other directions the executive committee
decided that it was of primary importance to
get the financial bearings of the exposition.
Each of the departments was instructed to pre-
pare budget, estimating the amount tina,
would be necessary to carry them through the
exposition and past the time Of closing up the
business Of the fair. As the resolution was
only adopted Wednesday the estimates were
hastily accepted and some Of them may
fail far short of the amounts that will be
actually required A few Of them may exceed
the demands that will be made on their de-
partments.
FIFTEEN MILLIONS NEEDED.
lengthy conference was held, at the con.
clusidh of which the joint committee decided
to recommend that nothing less than SIS 900.
600 would meet the requirements Of the exposi-
ton. A large part of this must be available
for use before dollar is received at the gate
This puts the directory in an awkward posi-
ton. At the utmost but S10, 600 900 will be a,
their disposal before every dollar OF the popu-
lar subscription of $500, 900 will be paid. In
semi-confdential conversations the directors
scription will not be paid. That estimate would
leave "A, 92S,0o0 in addition to IS 900 900 to be
derived from the sale of the city bonds.
DEFICIT OF FIVE MILLIONS.
There is an apparent deficiency Of s5,072, 600
between the probable receipts and the neces-
sary expenditures. How TO provide for that
delinquency is problem that must be solved
by the directors. The situation is further COM
plicated by the fact that no part of the revenue
to be derived from the sale Of city bonds can be
used until $4,000. 900 of the popular subscrip-
ton has been paid to Treasurer Seeberger.
A member of the finance committee said:
1.-The $3.50. 600 now in the hands OF the direc-
tory will soon be exhausted when work ON the
buildings is commenced. The ten buildings
that are to be built by the board of architects
will cost $1,000 900, and all the time will be
A"i 30 "Nouhtb lOI TIC ulbiltciuIlCo u
departments and for the sustenance of repre-
sentatives in foreign countries
How, then, is the money to be raised?"
THAT is the question that the directors must
settle. 1t has been suggested that we bond the
gate receipts for 55.00O.0 0O do not think the
proposition will be approved. 1t smacks too
much OF mortsaging patriotic enterprise
what other ways are suggested?'
THAT the capital stock Of the exposition
company be increased to Sl0,00O,00 without
delay"
could that be done?"
at must be done. We are now in the posi-
ton OF making plans for the expenditure OF
$l50OO,00O when we have but 80. 92S, 900 in
sight. The entire capital stock Of the exposi-
ton company, as well as the 81, OO0, 600 we will
get from the sale of city bonds, will carry M
through. We cannot bond the gate receipts
The people Of Chicago must raise the balance "
Solicitors have been out for several weeks
with but moderate success. The ways and
means committee will begin this week to sue
delinquent stockholders.