The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-11-03
At Midnight Corps of Buglers
Sounded Taps and the
Lights Faded Away.
EIGHT MILLION ADMISSIONS.
Holders of Common Stock Satisfied
That the Enterprise Was of
Vast Benefit to
Buffalo.

Buffalo. n. V. Nov THE Pan-Ameri-
can Exposition ended at IL o'clock tonight.
At midnight President John C. Milburn
pressed an electric button and the lights in
the famous electric tower grew dim for the
last time Slowly one by one the lights
on post and pinnacle and tower faded
away. A corps of buglers standing in the
tower sounded taps" and one OF the
greatest glories of the Exposition. the cleo
trical illumination. passed away and the
Exposition was ended. The Exposition has
not been a financial success. bct.i It is be-
lieved that tie benefits derived from it
Will he of great value to the commercial
interests of the country. The primary OBJ
ject of the Exposition was to advance the
friendly relations and commercial inter-
course between the United States and the
other countries of the two Americas. In
this respect 1t has been a decided success.
The financial loss will be in the nelghbor
hood of 100000. The statement to be is
sued by the officers of the exposition. set
ting forth the expenditures and receipts.
Will be made public some time this month.
| Until thon the company will make no
formal statement.
Citizens Satisfied.
The loss will fall upon the holders of the
common stock the holders of second mort
gage DOndS ana the CONTRACTORS VINO
ed the buildings. Two hundred and ten
| thousand shares of common stock were sold
| at $40 a share. The stock was subscribed
| for by the citizens of Buffalo and the
| Niagara frontier. in small lots Of from one
\ share to 1o0 so that the loss will not be
seriously felt by any one. No complaint
has been heard from the holders of COM
mon stock. who appreciate the beneht the
| exposition has been to the city.
l 10 Loo ofS satisfaction
\ the enterprise was carried to a successful
/ end by the citizens of this city without
| State or Federal aid. The first mortgage
bonds. amounting to 81. $4,000 will be paid
| in full An issue of $4,000 second mortgage
| bonds is unprovided for, but the revenue
from salvage on the buildings and from 9th
| er sources will probably cover a part OF
| this Indebtedness. The balance due to con-
| tractors is not definitely known. but II Is
said that II represents their profits for the
| work done and no one will be seriously en-
! barrassed by the loss.
Two Discourn ginG Incidents.
| The total number of admissions for the
six months was close to 100000. An aver
| age of 1000 600 a month had been figured on
| by the exposition officials. The great snow
| storm of last April was a severe blow to
the exposition. An immense amount OF
| work was undone, and work on the grounds
| and buildings was delayed for week
| Strenuous efforts were made to make up the
| lost time. but on May l a vast amount OF
| work remained .undone, and the formal
| opening of the exposition was postponed un-
4 til May 20.
The lamentable tragedy in the Temple of
| Music, which robbed the nation of a be-
| loved President was another blow to the
| Pan-American. The attendance had been
increasing steadily up to the date of the
| assassination of President Mckinley. The
| for fxrn doNa nd u
| they reopened there was a drop of II per
cent in the attendance. and no improve
| ment followed
The Government exhibit, which is a beau
tiful and instructive collection, will be at
| once shipped to Charleston.