The morning times., 1896-08-16
EXPOSITION OF PARIS.
Prospect That the Coming Interna-
tionaIShow win B.. a Great Succe S. :

Paris Litter to London Tunes.
The organizers OF the exhibition of 1000
have launched a financial scheme which
would seem senseless il they could not count
on the passion for lotteries. They have an
nounced the issue of $3.50 .0C0 bonds o;
20 francs each. The 65, 100000 thus pro
duccd, coupled with the subsidies from the
Paris municipality I'D the State, amounting
to 90 900 900 francs, are to be employed
in starting the building operations. These
comprise tw palaces in the Champs ElyseeS
in place OF the Palace OF Industry, bridge
over the Seine. and the buildings which will
cover the immense area from the extremity
OF the Cha mp de Mars to the chief entrance
in tie Champs Elysees. Each bond will en-
title the holder to twenty admission tickets
and to 4 chance in twenty y-nine dra wings.
The latter, which are certainly the great
attraction, include money prizes OF 5OGe
900 francs, 100 900 francs, 10000 francs
and smaller sums down to 90 francs. The
bondholders are also entitled to reduced
railway fares from the provinces to Paris
and back, reduced rates OF conveyance
within Paris and reduced rates of admission
to the entertainments in the exhibition it
self. There will. OF course, be no return of
the capital to persons no, winning lottery
prizes.
Now the first question which arises is
whether there will really in six months hc
$4,000 900 paying entries. or about $780,
900 Il day. Some persons will doubtless
gotwenty OF thirty times, but in 1ss9therc
were only % 900 600 paying entries. One
million two hundred thousand bonds OF 25
b,.l tl,,x h.,
1000 900 tickets were unused, though they
could lattcrly be purchased for % ceDtimes
Strictly speaking, indeed, the admissions
numbered only 25, 500 900, but on certain
special days tho charge was OF 10 frarcs
and each visitor, therefore, used five or
ten tickets. This will again be the case in
1900. but in 1889 the daily average OF
tickets used was 1 40. 900, whereas IL the
65.000,000 are to be used in 1900 the
daily average must be 100000. To GER
tain extent, however, the inevitable fan In
the selling price OF the tickets will swell
the attendance. and IL is obvious that no.
body will pay franc ut the turnstiies
when he can buy ticket in the streets for
n q,,arter OF the price. But whether the
great bulk OF the tickets is used or not the
exhibition Golfers will receive the 6b, ,OOO,-
GOO france OF course the organizers do
not count on any further receipts from ad-
missions. They will, however. make
money by letting cities to exhibitors.
Curiously enough. aithough the public
subscription for the bonds does not open
till Monday, brokers have for ten days been
delivering scrip, at firstnt slight premium,
but lately at par. They undertake to de-
liver bond evenif the applleationsexceed
theissue Up toIust night morcthsn 2, 2,0O0.-
900 bonds had thus been subscribed for, and
this number will be sweiesl to-day ard to-
morrow. ] know one financial establish
mcnt which has had to engage an extra
staff Of clerks to receive these applications,
which In two da Us have numbered IL 900.
I do NOT think the applications will be con-