San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1891-03-23
NO MONEY, NO FAIR,
THE FUNDS MUST BE RAIsFDBY
APRIL 9TH.
If Not, the Fair for 1891 Will be
AbandOned-The Directors
Last Call

ing of the directory of the San Antonio
International Fair association was held
Saturday afternoon in the Secretary's
office. 1t was the most important meet
ing of the new year for the reason that
the directors positively decide to make
the last appeal to the citizens of San An
tonic TO show their interest in the fair
by coming to its support in sub
Stantial manner. That manner is to buy
the bonds and that at once, or the pro-
ject of the exposition will be wholly aban-
doned. The reports of the two commit
tees OF appraiSement were received and
discussed. the unanimous sentiment being
the valuation of the property by both
committees was extremely low. A letter
was read from Mr.. Albert Maverick re-
GREETING that the press of important pri-
vate business affairs compelled him to re-
sign from the board of directors. The
resignation was accepted, and Hon. Oscar
BergStrOm was elected to fill the vacancy
in the board Mr. BergstrOm being pres
ent accepted the position.
The directors authorized the president
to issue the following statement:
To THE CITIZENS OF SAN ANToNIO:-
For the past three months earnest and
energetic efforts have been made to place
the affairs of the San Antonio Inter-
national Fair association on solid basis.
The bond scheme has been drummed into
the ears of every business man of the city
for ninety consecutive days. Certainly it
is underS o I'd bythis time and If the citizen
ship of this community do comprehend it,
they haven't expressed, TO any cOnSidera-
BILE extent, appreciation OF its merits. A
mere pittance Of the whole issue of bonds
has been placed. The affairs of the Fair
association have progressed to that crisis
where immediate and definite action is
absolutely essential TO the safety OF
the exposition. The time for captions
criticism and obstinate dilatorinesS
has passed. The issue is plain:
Buy the bonds or you will have
no fair. The directors have expressed
their confidence in the ultimate success of
the enterprise by largely carrying it in
the past They have done the same this
year by subscribing literally to the bonds.
They have done this solely for the pur-
pose Of enhancing the immediate bust
ness prosperity of San Antonio and as an
Outgrowth of that the development Of the
great riches and resources of Southwest
Texas. The directors can't do it all. The
people must do something, and do that
something quickly.
In view of all the circumstances and
the facts set forth above We have decided
unalterably to give the people of San An
days from this date in which to take the
bonds Of the association. To have a sue
ceSSful exposition next fall, $4,000 are
necessary. The associations total in
debtedneSs is $50, 400. These debts must
be paid before another fair is held.
The preparations for the fourth annu-
al exposition will require an eNpen-
diture of at least $4,000 To bend
the property, as originally intended, for
only SG5,OC0 would leave not cent in the
treasury with which to pay premiums,
and other necessary expenses. We have,
therefore, decided to bond the property
for SIS 600, $65, 600 to be used as indicated
and the remaining $4,000 worth of bonds
to be reserved from sale and held in the
treasury to be used in case of emergen-
cies. such as are liable TO occur through
falling short in the estimated revenues
on which we are to depend to pay pre-
miums
We have property and appurtenances
worth easily one hundred thousand dol
lars. We selected two committees for the
purpose of appraising the property Sepa-
rately. One committee, composed of Gen.
w. II. Young, eX-MayOr Jas. IL. French
and Major A. j. Fry, examined the realty
carefully and critically and declare the
bare land to be worth five hundred dollars
an acre, which would make the whole
tract of eighty acres worth forty thousand
dollars. The other committee, composed of
Mr.. ID. Z. Laub, the eminent architect. and
Mr.. Eugene Davis. the well known builder,
made close and minute inspection of
the buildings and estimate them to be
worth at least $32,775 (thirty-twO
thousand seven hundred ana seventy
tve). Then, by these low and extremely
conservative estimates, the bare plant,
exclusive of improvements, is worth
s72,775 (seventy-two thousand seven
hnnnrpH fiua
engines and machinery on the ground
worth, under the sherifi's hammer,
5000; furniture and fixtures worth
$500; waterwOrks, $500. and city real
estate, 5000. Thus, by the eSti-
mates of wholly diSnterested persons. our
property is valued in the aggregate al
sS1 ,S75. Add to this the cost Of the race
course, the fences. walks, etc, and the
plant would easily bring one hundred
thousand dollars at the present low val
uatiOn of property here. We desire to
bond it for only Seventy-fve thousand
dollars. 1t must be remembered that
every man who buys bond holds a lien
and incalculable benefits directly, and
indirectly to accrue to every bust
ness interest OF San Antonio by
holding here annually successful
an then say II you can that
the fair shall not occur next fall: say II
YOU can that il is not an enterprise calcu-
lated TO largely help swell the exchequer
of every man, woman and child i'm San
Antonio.
Colonel W. b. Wright, Colonel III. ID.
Andrews, Doctor Amos Graves, Mr.. Chas.
Hugo and Mr.. Il. II. Banks have been ap-
pointed acOmmittee TO solicit subscriptions
10 the bonds. They will begin a new and
canvass of the city Monday morn
ng, March %. Make up your minds
positively as TO the fair project and have
'Our answer ready when these gentlemen
all on you. Time presses ard il we are
,Oing TO hold the fair we must begin
!ctive operation within fifteen days.