Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1891-02-02
A BIG SENSATION
DEVELOPED IN TaR WORLD COLUMBIAN tx
POSITION AFFAIRS.
1t Will Require Fifteen Million Dollars to Garry III,
Directory, and They Do Not See Their Way
0ut-A Big Deficiency That Must be
Provided for IN Some Way.

| CHICAGO, February IA local paper
prints the following sensational develop
ments in affairs Of the Worlds COlum-
bian Exposition: Nothing less than
Slj, 900, 600 will meet the necessities Of
the Directors of the Worlds Columbian
Exposition. This is the report that will
be made by Ferd w. Peck. chairman Of
the Finance Committee, and Otto
Young, chairman of the Ways and
Means Committee, some time this year
The estimate OF expenditures for the
Worlds Fair that these committees
have prepared will astoniSh the direc-
tory. At the last meeting Of the EX-
ecutiye Committee 1t was ordered
that budget be prepared showing
the probable expenditures that would
be required before the Exposition
closes. The resolution calling for this
budget was introduced after Director
General Davis had made statement
that SIN departments must be organized
at once. The estimated expense OF the
smallest of these departments was Sl2,-
900 per annum. With half dozen more
departments to organize and untold eX
penditures contemplated in other direc
tions, the Executive Committee decided
that it was of primary Importance to
get the financial bearings Of the Expo
sition. Each Of the departments was
instructed TO prepare budget eStlmat-
ing the amount that would be necessary
to carry them through the Exposition
and past the time of closing up all the
business Of the fair.
A lengthy conference was held yes
terday, at the conclusion Of which the
Joint committee decided to recommend
that nothing less than $1,000. 600 would
meet the requirements of the Exposi-
tion. A large part of this must be avail
able for use before dollar is re-
received at the gates. This puts the
directory in an awkward position. AT
the utmost but SlO,OO0,O 900 will be at
their disposal before May |, 1893. That
estimate is based on the supposition
that every dollar OF the popu-
lar subscription Of $1,000, 900 Will
be paid. In semi-coniidentiai con-
versations, the directors admit that
fully II per cent. of the popular sub
scripton will not be paid. That esti-
mate would leave S4,92s, 900 in addition
to s., 200, 900 to be derived from the sales
of city bonds. There is an apparent de-
fciency of IS, ,O72, 900 between the pos
sible results and the necessary eXpendi-
lures. How TO provide for that delin-
quency is problem that must be solved
by the directory.
The situation is further complicated
by the stubborn 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 subscription has been
paid to the Treasurer. The ten build
ings to be built by the board OF archi-
tects will cost $1,000, 1000, and all the
time we will be paying large amounts
for the maintenance of the departments
and for the Sustenance Of the represen-
tatives in foreign countries.
How, then, is the money TO be
was asked.
THAT is the question that the Direct
ors must settle. 1t has been suggested
that we bond the gate receipts for So
OOO, 900. do not think the proposition
will be approved. 1t smacks too much
of mortgaging a patriotic enterprise"
Solicitors have been out for several
weeks with moderate success. The
Ways and Means Committee will begin
next week to sue delinquent stock
holders.