New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-01-30
WORLDS FAIR BONDS SOLD.
THREE MILLION DOLLARS TAKEN
A srv.YonK AND Bo:roN FIRM WILL DE

A NFv.yoRK AND A BOSTON FIRM WILL DE-
liver Tun MONEY IN INSTRUMENTS
hcco has sold 80 900 900 of It's $1,000 600 World
Fair h,nds and the force OF men low engaged at the
Eunoston grounds will be largely increased a.
The honds were purchased by Elalr a Co., No. SO
woII-T. this city, and by Brewster, Cobb & Ester
brook of Doston. The S3OOO.OOO is To be delivered
In three instruments Of 100000 each. and the
,rt ,pstalment will be turned over TO the World ;
Columbian Exposition Directory February I, through
,ho First National Bank of Chicago. The others will
"a delivered March / and April /. The bonds bear
I nor cent interest and the City of Chicago IS The
security.
NoyOr Washburne and Controller May of Chicago.
came 10 NewYor 10 complete tie negotiations for the
sale OF the bonds. The bids for the bonds were re-
ceived and opened Mt the American Exchange Bank
Yesterday There were only three bids made but by
whom the third made the Worlds Fair people de-
clined 10 say. All the necessary papers were signed at
the Holland House last evening, and the money will
be forthcoming when wanted
These bonds which have just Sold" explained
Mayor Washburne last evening, were issued under
an act of the Illinois Legislature and ratified by a
vote OF the people of Chicago. Subsequently the
issuing OF the bonds authorized by the Common
Council of Chicago and the city is the security which
the New-Yorl and Boston firms get We shall not
sell the remaining 100000 in bonds until need
the money, As IL would be OF no use to be paying
interest money which we could not at present.
But do not want the people OF the United
States think that because have sold these bonds
do not need any assistance from Congress to aid
the Worlds Fair On the contrary, the Exposition
officials could put Slo,o00OO0 which Congress might
appropriate to excellent When we began WORK
on the Far buildings at the Jackson Park SITE wo
did not realize that the Exposition to be tho
extensive thing it is to be. The whole world, or
every country the face of the earth, is Interesting
itself the enterprise and 1t will be the srandost
AFFAIR that ever in any country. We did not
low many countries intended to take part until
after had figured on the expenses Where We
at FIST thought 100000 would suffice, VIC
have discovered that S5000.o00 is necessary IN
order show that this country is the greatest on
earth and as ii is no local affair. II l. only nsht
that the National Government should be asked to assist
I'm he enterprise. The people of Chicago have sub,
scrbed 5000. 900. the city Of Chicago mas Issued
bonds TO the extent Of $J,cOOOOO more, ana no one
can I'm the face of those figures thai the CITY or
CIi0hgo has not done in share. The people oil the
whole United states ought 70 be a. much interested
il the success of the Exposition ~ the people OF
chicago and they ought to encourage an appropriation
from Congress rather than discourage IT,
1.-THE money to he used in making the Fair success
lot OF ward politicians who feared 80 much BY the
majority of people, but j. in the handS Of men of
national reputation, whose integrity is not disputed