The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-08-10
Worlds Fair Finances.

1t is pretty well understood now that
the worlds fair win not be a financial sue
cess. A ten per cent. dividend on its bond
ed Indebtedness is to be paid next Thurs
day. This Indebtedness, amounting to
a, 500, 900, is held by banks, corporations
and citizens of Chicago. If those bonds
are paid, together with the floating debt
the fair will have accomplished, in fl
nancial way, about all that is expected of
it. 1t is hardly probable that the stock
holders expect that any part of their So
100000 of stock win be paid, or that the
city of Chicago hopes to get anything for
her s., OO0,0 600 of bonds
The financial condition Of the country
has been against the fair. Hundreds of
thousands of people have been kept from
visiting it either because of the difficulty
in getting money or because their bust
ness interests have compelled them to
remain at home. And the same state of
affairs is likely to continue until the fair
closes.
There is some talk of keeping the fair
open throughout next summer. Some of
the Illinois congressman have been asked
about it and have said that they would
favor it provided it could be done legally
and with a fair promise of financial sue
cess, but they would take no action in the
matter except upon the request of the
people of Chicago and the local directors.
There seems to be a feeling in Chicago
that too much money has been spent upon
the fair and that the fair is too grand
and costly an institution to be closed in
six months
Some difficulty might be experienced in
getting exhibitors to permit their ex-
hibits to remain in the buildings through
the winter or to induce them to store
them in Chicago, but means might be
found to overcome it if it should be
deemed advisable to keep the fair open
another year.
1t is noticeable that among the first mat
tiers TO be presented to the attention of
the Senate at the extra session were
number of private pension bills. Bills of
this kind are brought in behalf of people
who are not admissible to the pension
lists under the india rubber blanket pen
sion laws The suggestion that there are
those who fought on the northern side du-
ring the war who may not be included in
| the elastic provisions of the pension laws,
may sound improbable, but such is the
fact. And many of those whose real or
imaginary claims upon the gratitude of
the government for their services in SAY
ing the union" are rejected by the pen
sion department, make application to
| congress for charity through the medium
of the private pension bill And a very
large number of such applicants. rejected
by the pension Office, have managed to
get on the rolls through private pension
| legislation. An ex-union veteran wrote a
letter to the republican New York Press
recently in which he protested against
the practice of passing private pension
| bills, on the ground of unjust discrimina-
ton against the veterans. The men who
! fought the war are bound down to rules
and regulations, while the private pen
sioner needs to have only influential
friends in congress to get his bill through
| Under the Harrison administration the
| private pension fiourished like a noxious
weed 1t is to be hoped that the weed
will be cut down by the incumbent ad-
ministration,
| The cool week in August" appears to
| have arrived in New England as well as
| in Wyoming. At Boston, Lynn and other
Massachusetts, cities on Sunday night
! last there was heavy snowfall. In
| places the drifts were more than foot
| deep and the subsequent thaw did con-
| siderable damage. At Haverhill and
/ Lynn, shoe manufacturers had stocks of
! leather damaged by the flooding of
1 cellars. In the several towns Wis
| tied it is thought the damage will ag-
| gregate $4,000 to 100000 1t invariably
happens that on cold days in August
! somebody gets left"
!
| A. c. Fish, the agent of the populist
| free silver propaganda who has been
! talking to newspaper men at Chicago
about the plans of his party, is very much
| mistaken if he thinks the old soldiers of
the south can be bribed to vote with the
populists for a debased currency. The
soldiers of the south went to war for pa
| triotism, not for pelf. Many of them are
| in rather straitened circumstances, but
/ their votes are not for sale. How
! ever, if they were F'ishs scheme of uni
versal pensions, as the price to be paid
/ for the votes, is both impracticable and
]