The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1891-12-12
POGO A POGO
The Fair Association Has Cleared
Herself Of Debt and New Has
Money In the Treasury:

The Fair Association Has Clsare'
Herself Of Debt and New Has
Money In the Treasury:
While in attendance at the annus
election of officers by the stockhuld
efs, VIE glanced over the records D
the corporation and found that it
but a few years since the fair ground
were advertised for sale, to pay {
debt owed by the company, amount
ing to over four thousand dollars.
1t was then claimed by some GRO
kers that the management had fallen
Into the hands of q ring manipu'
laiing 1t 80 as to enhance their indi.
vidual gains. BE that as it may, there
is n thing sure, the same cry o.
ring-rule has been kept up and i'm
proved in many WAYS. until 1t has be.
come a settled belief that there must
be some fire where there j. so much
smoke.
So. TO find out the bottom facts and
give the stockholders the inside work.
iiS,: we examined the books with the
following result:
The old four thousand dollar debt
has been fully paid dps principal, in
terest and costs. the grounds sur
rounded hr an almost bun glar proof
barb-wirn fence, the race track ley
cled ard Improved. the buildings rem
ovatcd and almost built anew, all the
current expenses. premiums and liza
bilities paid, and the books of the
treasurer show q clear balance on
hand of over two thousand dollars.
This is pretty good for the ring-rule.
and the stockholders seem well salts
fed with the ring for they are nearly
all reelected 10 Office hgairi; which
action OH the part Of the stockholders
means. .'wcll done. good and faithful
servant"
VIZ almost hear some shout: "Oh.
2es; they elected themselves by their
own stock" but this is not the fact.
f6f President Rage. *ho holds the
block OF shares. nearly enough
to swamp the small holders. positively
refused TO vote a single share of his
~Preferring that the small hold
crs shcHld by a free ballot have the
right 10 select their own officers to
manage their several interests, and
they fully approved the arrangement
Of the past five years 10y continuing
The same policy under-two cxccp-
same men.
The two most interesting questions
IESi came up for action. was the
of the Daughters of the Con-
fedcracy for a per cent of the gate
receipts vi the first day of the fair.
This question was rather threatning,
ss quite a number thought that the
had got the lions share of
The contract: hut. considering the
purpose and object of the DaIglt=
rrs-that o; giving every zen to the
Confederate Hume at IIiggcnsville.
Mo.-a liberal spirit prevailed and
their whole claim was allowed. scvcn-
~ odd dollars. Mrs: IIourk. Presi-
dent. thanked the board and departed.
Before leaving. however. she told the
and reporter of the DEMOCRAT.
hat she WAS very angry at both. for
article TINT lad appeared there
IN; but we ire loath to believe that n
.ady actuated by such noble. gener-
rus principles. rs shr has been in this
natter. can for Il moment liarbor all
tlloag!It aSairist ATTY one. much
css thuse Who wish her well in all
ler undo rtakings.
The other matter was that of de-
i dividend of six per cent
amongst the stockholders. out of the
OH hand.
This question was warmly debated
~ both sides. Those who hold large
of stocks. and would profit
argest by the dividend. arrayed on
he negative. while u few small hold
RS. in a rather weak way. favored it.
so, after a fair and fun exchange of
thoughts on the matter. 1t was finally
rotcd down by an overwhelming
majority. and the question of how TO
dispose of the surplus lett to the new
board of directors. who will meet
next Saturday at IL O'Clock and as
their duties.