Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1891-02-05

pSnGitureS GnaJ WOulQ De required De-
fore the Exposition closes. The resolu-
ton calling for this budget was intro
6uced after Director-General Davis had
ssnt IN statement that his department
must be organized at once. The esti-
mated expense of the smallest of these
departments was S12, 200 per annum.
With half dozen more departments to
organize and untold expenditures con-
templated in other directions, the ex-
eoutive committee decided that it was
o4 primary importance to get the finan-
sial bearings Of the Exposition. Each
Of Che departments was instructed to
prepare a budget estimating the
Gnount that would be necessary to
carry them through the Exposition and
past the time of closing up all the busi-
hess of the Fair.
As the resolution was only adopted
Wednesday the estimates were hastily
prepared and come of them may fall
short of the amounts that will be actu-
ally required. A few of them may ex-
ceed the demands that will be made on
their departments. A lengthy confer
ence was held, at the conclusion of
which the Joint committee decided to
recommend that nothing less than S15,-
coo, 900 would meet the requirements Of
the Exposition. A large part of this
must be available for use before dol
lar is received at the gates.
This puts the directory in an awk-
ward position. At the utmost but S10,-
600, 900 will be at their disposal before
May /. 1898. That estimate is based on
the suppositon that every dollar of the
popular subscription of S., 900, 900 will
be paid In semi-confdential converse
tons directors admit that fully 10 per
cent. of the popular subscription will
not be paid. That estimate would leave
81, ,92S, 600, in addition to S., 900, 900 to be
received from the sale of city bonds
There is an apparent deficiency of
5,OT2, COO between the probable receipts
aud the necessary expenditures. How
to provide for that deficiency is prob
lem that must be solved by the direct
ors. The situation is further compli-
Gated by the stubborn fact that no part
of the revenue to be derived from the
sale of city bonds can be used until
5000, 900 of the popular subscription
has been paid to Treasurer Zeeberger.
A member of the finance committee
said: 'TThe S95O.OOO now in the hands
of the directory will soon be exhausted
when work on the buildings is COM
menced. The ten buildings that are to
be built by the board of architects will
cost s., 200, 900 and all the time we will
be paying large amounts for the main
tenance of departments and for the sus-
tenance of representatives in foreign
countries"
"IIow then is the money to be raised?''
THAT is the question that the direct
Ors must settle. II has been suggested
that we bond the gate receipts for S.
oO0, 900. do not think the proposition
will be approved. It smacks too much
Of mortgaging patriotic enterprise
"What other ways were suggested?'
''That the capital stock of the Expo
sition Company be increased to $40, ,oOO,-
900 without delay"
Gould that be done?"
'Itmust be done. We are now in the
position of making plans for the expen,
diture of SIS, ,O0O, 600 when we have but
s., OBS, 900 in sight. The entire capital
stock of the Exposition Company a.
well as the IS, 600, 600 we will get from
the sale of city bonds will not carry ul
through. We can not bond the gate re
ceipts The people Of Chicago mus
raise the balance. Solicitors have beer
out for several weeks with but moder
ate success. The ways and means com
mittee will begin next week to sue delin
ouent stockholders