Daily tobacco leaf-chronicle. (Clarksville, Tenn.) 1890-1895, 1891-02-03
Or MONEY.
The Success Of the Worlds Fair
Said to BE In Danger.
Because Chicago Has Not
Raised Sufficient Funds.

Over s5, ,OOOO More Necessary to Carry
Out tho Plans Already Formulated.
How the Money is to BE Forthc oming a
Question for the Directors to Settle.
Several Plans Suggested.
CHICAGO. Feb "A local paper prints
the following sensational developments
in the affairs OF the worlds Columbian
exposition;
Nothing less than $4,000 600 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 COM
mittee, and Otto Young, chairman of
| the ways and means committee, some
/ time this week. The estimate Of ex-
lenditures for the worlds fair that these
committees have prepared will astonish
the directory. At the last meeting OF
! the executive committee it was ordered
that budget be prepared showing the
! probable expenditures that would be re-
| quired before the exposition closes. The
resolution calling for this budget was
| introduced after Director General Davis
| had sent in a statement that SIX de-
| partments must be organized at once.
The estimated expense of the
smallest Of these departments was
| SIP, 900 per annum. With half a
dozen more departments to organize and
untold expenditures contemplated IN
other directions the executive committee
decided that it was of primary import
ance to get at the financial needs OF the
exposition. Each of the departments
was instructed to prepare budget estl-
mating the amount that would be neces-
| sary to carry them through the eXposl-
! ton and past the time of closing up all
| the business of the fair AS the resolu-
ton was only adopted on Wednesday
| the estimates were hastily prepared, and
some of them may fall far short of the
amounts that will be actually required
! A few of them may exceed the demand
that will be made ON the departments.
"A long conference was held Satur-
day. At the conclusion the joint com
mittee decided to recommend that moth
ing less than Sl5, 900, ,O00 would meet the
requirements OF the exposition. A large
part of this must be available for use be-
fore % dollar is received at the gates
This puts the directory in an awkward
position AT the utmost but &l0,60O, eco
will be at their disposal before May, 1898
The estimates are based on the supposi-
! that every dollar Of the popular subscrip-
| ton of $5 GOO, 900 will be paid.
Over Five Millions More Needed.
'In semi-confidential conversations
the directors admit that fully II per
cent. Of the popular subscription will
not be paid. That estimate would leave
| $4, 1928 900, in addition to $1,000, 600 to be
derived from the sale Of city bonds
! There is an apparent deficiency OF So
! 012. coo between the probable receipts
| and necessary expenditures. How to
provide for that delinquency IS a prob
| lem that must be solved by the directors
The situation is further complicated by
! the stubborn fact that no part of the
| revenue that is to be derived from the
| sale of city bonds can be used until 3d.
coo, 600 Of the popular subscription has
| been paid to Treasurer SeebeTger.
Amember of the finance committee
| said: The S950,000 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 81 600, 900. and all the time we will be
paving large amounts for the main
| tenance of departments and for the sus-
tenance of representatives in foreign
| countries.
How, then, is the money to be
raisedY
'''That is the question that the direc,
| tors must settle. 1t has been suggested
| that we bond the gate receipts for $5,-
600 600. l do not think the proposition
will be approved. 1t smacks too much
of mortgaging patriotic enterprise.
"'What other ways were suggested =?
"'That the capital stock Of the expo
sition company be increased to $lO,OOO,-
! 600 without delay.
q" Gould that be doneY
" 1T must be done We are now in
the position of making plans for the ex-
penditure of $i5, 600, when we have
but 9,929, 900 in sight The entire CAPT
| tai stock of the exposition company, as
well as the IS 600, 600 we will get from
| the sale of the city bonds, will not carry
us through We cannot bond the gate
receipts. The people of Chicago must
raise the balance.
Solicitors have been out for several
weeks with but moderate success. The
/ ways and means committee will meet
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