Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1896-06-19
ras GREAT FRENCH FAIR.
How the Money for the Undertaken
VIII Be Raised.


81 from Paris on the score of the deface
,r ment of the champs Elysees, the Frenci
d exposition of 1900 will certainly be held
h The government of the republic vii
Al contribute $1,000 900, which has already
IS been voted, and the city Of Paris is no
/. likely to give less than S5,oooooo. But
as the exposition is to cost S2o,ooo,ooo
y another Sf2,ooo,ooo will have TO be pro
o vided Ii is not the custom in France
TO wait for the returns of gate money
3. to make up the deficiency remaining
after pay men, of the subventions. The
exposition of 1880 was paid for, and
, there was money in hand for the cost of
, administration, before the gates were
opened This was done by a very in
genious scheme of issuing bonds for p
francs each, each of which bore Is
coupons which were receivable as ad.
mission tickets. Th extreme period of
payment for the bonds was IS years, but,
beginning with the exposition year,
there were to be 81 drawings of the
numbers of the bonds to be paid off,
and the first two or three numbers
drawn we're to be entitled to lottery
prizes The holder of eacn bond thus
acquired a lottery ticket Is admission
tickets and the certainty of getting his
money back, without interest, within
time which might be anywhere between
few months and IS years.
The scheme was a brilliant success
and had this, among other unexpected |
results, of giving the public the benefit
of a considerable reduction in thu price
of admission. The amount paid to She
exposition by the syndicate OF bankers
who took the bonds after providing
sinking fund, for their gradual redemp-
ton, was ST. 900. which, added to the
receipts from concessions and privileges,
the returns from the sale of old mater
ials and the amount contributed by the
state and city of Paris, brought the total
revenues of the exposition mp to very
nearly SIo,oooooo. As the exposition
cost less than SS,5oo.ooo, there was
surplus of about 81, 100000 to be divided
in the ratio of their contributions be-
tween the state and the city of Paris
The problem of 1900 is more difficult @
one. 1t is nota question of getting S. y
300 600, but of raising twice that amount
IN the pledge of entrance tickets. Pro
iting by the example Of Chicago, which :
nearly ten times as much from =
and privileges as Paris did 7
$50, it IS probable that the managers of
he show of 1900 will extract a great .
zeal more than $500, ooo-the amount -
eported by their predecessors-from =
hat source. But even if it were ST. :,
o,ooo, there would still remain $Io,-
10000 to be raised mainly on admis- .
ions. 1t will be found a good deal cas-
err to double the size and cost of the =
xposition than to double the number of II
is visitors
The indirect gains of the enterprise
re less open to question. The pro-
inces argue from experience that i.
will draw great deal of money from
lGllt CNCb do AtAC otdtCo VI t4lC NNAAbA al :.
vest found the Columbian exposition =
evere draw on their current cash. -
'ut the exposition of 1850 brought the
an increase of $4,000, 900 in
eceipts from customs and other taxes,
While in the increase of octrol duties the D
ity of Paris received $I,Soo,ooo. In the Ia
alf year in which the exposition was n
pen Il six great railroads leading into A
'aris had an increase of passenger OF
rafic amounting to S9,ooo,ooo, due 5,
olely to the attraction of the show. OF lie
ne 10000 exhibitors it was estimated
nat each spent on his exhibit an aver 81
&c of 5000 making total of SS6,ooo,- III
90, mostly spent in France. Then al
lere was. during the whole $50 days Of D,
he exposition, an average addition of to
10000 persons TO the population of the la
ity of Paris. If each Of these spent, on v,
n average, for board, lodging and cab
ire, so day, there was, taking no &C
punt of the cost of their amusements
nd the purchases they made, a total of %
which would not other re
Use have been expended in the French m
.pital 1t is hardly TO be wondered at We
lat the arguments in favor of the expo al
ton have proved stronger than those or
sainst it-Boson Herald. tn
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SPEAKER REED. co
in
oyv He Came 70 Connt a Ouorunn and Win -=z