New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-08-07
FAIR OFFICIALS PLEASED.
THEY WILL NOW PUT BONDS ON THE
MARKET.
GREATLY RELIEVED BY THE ACTION OF CON

GREATLY RELIEVED By THE ACTION OF CON
GRESS-NoTEs OF THE EXPOSITION.
Chicago, Aug. 8 (Speciall.-lt Is with feelings OF
great relief that the Exposition officials received the
news OF the passage by Congress and appoval by the
President of the 70 100000 compromise AppropNa-
ton bill. They weary OF the suspense of the
last few weeks and would have accepted q smaller
amount, so long II coupled with the National
Endorsement of the enterprise. Their next move will
be To secure the necessary additional "a 600 900 within
sixty DAYS. 1t Is probable that bonds will BE- put
the market. and 1t Is anticipated that their sale win
he rapid II can say frankly that pleased"
said Director Lyman J. Gage. ave didn't get as
much as we wanted but we have secured a good sum.
and It is straight gift. do not see that we should
worry about raising the extra money. We will keep
close watch our expenditures and 1t NAV require
less than some of us have contemplated. The Dockerv
Committee when II here last spring estimated that
s16OOOoOO would have TO be expended before the
gates could be opened This is 81, 100000 lower At
least than we had figured. If Mr.. Dockery was cor
re6t we will need only $500 600 more. for we now
have In sight Sl3. 100000 don't know what method
the Directors will adopt 10 raise the money. 1t Is
probable though that bonds will be issued. can
not cay at what per cent but l should think u
would not be far from right. They will sell;
there can hardly be any doubt about that. thihh
they would be bought up as investments. ana II SUD
scrpton books werssOpened there are. perhaps many
thousand people who would be only too glad to bun
Worlds Fair bond. We now have capital stock oil
Sl35OoOOO. That IS good. 1t would be more than
ample security for all the will need 10 Dor
row.
vcePresident Hignbotham was glad the appropria
t,on had been made and the fight ended. THAT is
good enough" said he; eve will take the S2.'ooooo
and be thankful think the Exposition Company Is
ahead by the arrang cement. We have simply added %
per cent to our capital stock and assumed no Ia
bilty."
.W. shall doubtless 20 before Congress next Decem-
ber" said Director Gage land ask for tue repeal OF
the Sunday closing clause. think WITHIN the next SIX
months the zeal feeling OF the people Will be brought TO
the surface. Petitions will probably be circulated
among those in favor sunday opening and IL we can
convnce Congress that the popular side has not vet
been heard II will doubtless permit US to open the alr
H. however 1t continues TO feel that the preparedness
of sentiment is still the other way, we Will nave I"
abide the result
Tho souvenir silver halfdolars promise TO sell at n
premium Treasurer Seebeiger has evidence OF TINS
Wben the House voted 10 concur In the Senate amend
ment he received application for $4,000 CONS ana
the writer's New-York firm, asked what premium
thew would be expected 10 pay 1t Is thought also
that merchants will buy the coins in order 10 present
them to customers as drawing business card
Chief Burnham has assured The Newiork Board OF
state Managers that New York will have the maximum
space allotted TO any OF the states Other OF the great
departments will alot space during the month OF
August
Professor Saunders, the Canadian Commissioner IS
preparing a fine exhibit OF agricultural products lie
has a large number Of men at work In the several
provinces collecting grains and grasses.
Chief Buchanan is pushing along rapidly the work
Of the foreign department. Space has been allotted
In the Forestry Building TO the following countries
Russia Canada India. Australia Honduras. salvador
Brazil Nicaragua, Costa RCa Colombia Peru
Ecuador Argentine Republic Paraguay. Japan, SPAIN
Philippine Islands Hayti, san Domingo. Cuba,
jamaica. British Honduras and British Guiana
The Fair is 10 have elephant with hotel in Its
interior and howdah upon It's back. the top Of
which will be 200 feet from the ground The head
will contain a steam calliope which will give vent 70
an exaggerated elephants scream and will also play
talnes George IL. Benton, of New York, will super
intend the building OF the animal, which Will require
an outlay OF 100000.