Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1901-11-09
BUFFALOEXPOS|T|ON CLOSED
ENDED LAST SATURDAY NIGHT.
President Milburn Pressed the But
ton OF Midnight and the Lights in
Electric Tower Grew Dim-"Taps"
Were sounded-WiII BE About
100000 Loss.

Buffalo, Nov. 4.-The Pan-American
exposition ended at Il o'clock Saturday
night. At midnight President John G..
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 pinnacles
of the tower faded away A corps of
buglers standing on the tower sounded
"taps," and one of the greatest glories of
the exposition the electrical illumina-
ton, passed away and the exposition was
ended. The exposition has not been a
financial success, but it is believed the
benefits derived from it will be of great
value to the commercial interests of the
country. The primary object of the ex-
position was to advance friendly relations
between the United States and the coun-
tries of the two Americas.
The financial loss will be in the neigh
borhood of $3,000.000. The statement to
be issued by the officers of the exposition
setting forth the expenditures and re-
ceipts win be made public some time
this month Until then the company will
make no formal statement.
The loss will fall upon the holders of
the common stock, the holders of second
mortgage bonds and the contractors who
erected the buildings. Two hundred and
ten thousand shares of common stock
were sold at $40 share. The stock was
subscribed for by the citizens of Buffalo
and the Niagara frontier in small lots
of from one share to 100, so that the
loss will not be seriously felt by any one.
No complaint has been heard by the
holders of common stock, who appreciate
the benefit the exposition has been to the
city. There is also feeling of satisfac-
ton that the enterprise was carried to a
successful end without state or federal
aid. The first mortgage bonds, amount
ing to $2,500,000, will be paid in full. An
issue of 100000 second mortgage bonds
is unprovided for, but the revenue from |
salvage and buildings and from other
sources will probably cover part of this
Indebtedness. The remainder due to con-
tractors is not definitely known, but it is
said that it represents their profits for |
the work done, and no one will be seri-
Dusly embarrassed by the loss.
Over Eight Million Admissions.
The total number of admissions for the
six months was close to 100000. An av-
erage of 100000 a month had been fig |
lred on by the exposition officials The
great snowstorm of last April was Sc
we're blow to the exposition. An immense
amount of work was undone, and work
on the grounds and buildings was delayed
Tor week. Strenuous efforts were made
10 make up the lost time, but on May |
4 vast amount of work remained unfin-
shed, and the formal opening of the ex-
position was postponed until May 20. The
amentable tragedy in the Temple of Mu-
he was another blow to the an-American
exposition.
There was veritable riot in the mid
way the last night The disorder started
rom quarrel between an intoxicated
nan and waiter. The crowd took the
part of the stranger and wrecked the
place, smashing chairs, tables and win
lows. A stream of water from fire
hose finally put the mob to flight.
The total admissions Saturday were
l24 800, and for six months 8,295,O73.