The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1891-05-16
THERE WILL Be A FAIR.
The Old Stockholders Buy In the
Grounds Through a Trus-
tee, for $4,000.
Reorganization Will Follow and q
Fine Programme ia Prom
ised in August.
The Capital Stock Is to be Increased to
800, 900 and Some New Blood
Infused Into 1t.

1t is settled that there will be a fair and
a race meeting In Helena this summer
This happy outcome of the troubles be-
tween the stockholders in the fair %associa-
tion will no doubt be hailed with delight by
the people of Helena and by those Of other
places as we'll. 1t insures an attraction for
the city and completes the Montana circuit
for the races. The result WAS brought about
by the determination of tho stockholders to
bury their differences and reorganize tho
association, whose charter had expired, on
n broader basis. The sale Of the property
belonging to the association came off yes
terday, as announced, Mt the court house.
1t was bought in by Judge w. L. Cullen as
trustee for the Montana State Fair
association, which will be the
name of the new organization. 1t was
bought in for $50,0O0. The reorganization
or rather the new incorporation, will be
completed at once. All the old stockhold-
ers will remain in the new association. The
officers of the Montana State Fair associa-
ton will very likely be the sa ne as of the
old organizations: president, A. j. David
son; treasurer, b. III. Tatem; secretary,
Francis Pope. The capital stock will be
100000, in 1000 shares of $25 each.
An effort will be made to bring in new
of the most progressive in the association
favor putting up a fine new club house on
the grounds and making in an agreeable
place for members to drive their families
TO on Sundays, as we'll as Civ
ing them an opportunity to speed
their horses on the track. The capital
stock Of the old association was $25, 600.
The increase will allow former members to
increase their holdings. and also give an
opportunity for new members to buy their
way in by becoming stockholders. In this
way it is hoped to infuse new blood into
the concern and make the association one
Of the strongest racing and fair grounds or
ganization in the west, with a trac k and
property that will be equalled by few and
excelled by none.
Unfortunately the late day at which the
association stockholders reached the agree
ment makes any Fourth OF July racing out
of the question. The August programme,
however, will be a fine one both for the fair
and the races. 1t will run from Aug. % to
Aug. 20, inclusive. The racing programme
has already been arranged and the pre-
BILE. No fair grounds in the state presen t
better opportunities for trials of speed be
tween horses or exhibitions of live stock
and farm products.
The old fair association was organized
over twenty years ago. At the time it was
done for the purpose of furnishing an at
traction rather thar with any hope of reve-
nue.. All the stool was not issued, part of
it being allowed to remain in the treasury.
1t was over the division of his treasury
stock that the stockholders divided into
two factions, SO that last fall, when the
charter expired, instead of immedi-
ately re-incorporating = and reorganiz-
ing, went to fighting in the
courts. The property was to be sold
and the proceeds divided. This would have
left Helena without any fair grounds. The
sale and the court proceedings have been
postponed from time to time ami it began
to look as if these delays would keep Helena
from having any races this year, even if the
matter were finally adjusted. The sale was
Set for yesterday. For two days before the
stockholders had been meeting and trying
to arrange matters. This was finally ac-
complished by agreeing to divide the treas
urv stock among all the stockholders pro
rata. buying in the association property
and recognizing and incorporating. Tie
agreement was signed by all with the result
that Helena will not only have a fair and
races, but in all probabilities a bigger fair
and better races than ever before.