Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1901-10-30
BUFFALO EXPOSITION
Ii Has Been q Financial Failure
and an Artistic
Success.
Series of Misfortunes Has Pur.
sued the Show Since Its
Beginning.
"a Big Deficit in the Treasury
Congress Expected to
Give Aid.

Il
Give Aid.
Buffalo, N. Y, Oct. 3O.-Tn balancing
the books of the Pan-American EXPOSE
| ton, now in its last week, two state
ments are made both of which go un-
challenged. Artistically the exposition
has been success; financially it is an
utter failure. Whether 1t will prove a
benefit to Buffalo remains to be deter
mined.
| An unfriendly fate has pursued the
fair from its beginning, the series of
misfortunes eliminating i'll the shooting
and death of President Mckinley, the
tragedy coming at time to work the
most harm.
| The first reverse received by the expo
sition was the inability to open on time.
Despite the fact that the exposition was
Ear from completed, partly because OF
the late spring, the gates were opened
on the first of May with chaos on every
hand. These adverse conditions existed
| turnout the month of Mayand thousands
of visitors were disappointed. These in
Guided hundreds of commercial travel
ers, who circulated reports that We're not
nattering to say the least. The effect Of
this early and unfavorable advertising
can not be estimated, but must be con-
ceded as considerable. With the arrival
| of the first big crowds in July 1t became
apparent to the more conservative that
the expectations In attendance would
rot be realized. People who had planned
| to remain two weeks at the exposition
had their fill of the fair long before the
expiration OF the scheduled time. Three
days became the popular limit Of time
spent on the grounds, and this removed
the prospects OF immense crowds.
President Higinbotnam, of the world 8
feir, estimates that as many people saw
the Pan-Amerfcan as saw the Chicago
show. But the length of their stay was
short, and while the daily arrivals were
large numerically. the aggregate at
tendance was small, as the outgoing vis-
itors evened up for the incoming ones.
Low railroad rates were not offered un-
ii. the last month of the exposition. an
other decidedly unfavorable condition.
Affairs looked especially promising on
the first of September, but the shooting
OF the president gave another aspect.
The gloom cast over the country by the
death of the chief executive was not dis
PEELED until the end Of the month, and
by then thousands had postponed their
coming beyond the time available to
them. With October Buffalo's Wanted
Indian summer failed to realize and the
same disappointment as to ATTENDANCE
existed as during the preceding five
months.
The approaching end of the exposi-
ton finds it finances in bad shape. Prior
to the opening first mortgage bonds to
the amount of 81, $780, 600 were issued Eff
forts made to secure another half mill
lion from the government failed. Sec
ond mortgage bonds to that amount
were then issued, and as an inducement
stockholders were given an amount Of
stock equal to the bonds they bought,
considerable amount of the original
stock being subscribed for. Buffalo
banks were large investors in the first
mortgage bonds, and to protect them a
banking committee was appointed
which had entire charge of the daily re-
ceipts OF the exposition outside of run
ming expenses.
AS affairs now stand there is a big de-
felt in the exposition treasury. The
contractors for the construction Of the
exposition have received only so per
cent of their claims and they sse no
promise of realizing more. 1t is likely
the first mortgage bonds will be paid.
but no help out that second mortgage
bondholders will receive cent. On this
subject Treasurer Williams says:
1.-THE total attendance at the EXPOSE
ton thus far has ben about 100000. OF
which not less than 100000 have been
paid admissions The amount of debt to
construction contractors is about $780,
900. In general the exposition cost twice
as much as was expected. and the at
tendance has been half what was ex-
pected. There is uncertainty rs to
whether the second mortgage bonds
can be redeemed unless aid is received
from congress, which is confidently ex-
pected."
President J6;ln G.. Milburn, in dis
cussing the benefits of the exposition
which will accrue to the city of Buffalo,
said:
.There are many benefits which do
not appear on the surface, and for many
years Buffalo will be reaping the rich
harvest to come. 1t has put Buffalo on
the map of great cities and the city
has gained an advertising that could
not be bought for hundred millions.
Millions of people have been brought
here and have left millions of dollars.
The money is here and the Buffalo peo-
pie have the profits. The pro rata ex-
penditure for each visitor is estimated
as considerably above that of the Wis
itors to the worlds fair. and 1T is not
unwise to say that $50,000,O0O have been
brought to Buffalo and spent here.
THE people of Buffalo by having this
great educator among them. and the
outsiders with them have been livened
up. their ideas broadened, and have
been benefited to an extent which many
millions spent in education could not
achieve.
Huntington Properties Going.
New York, Oct. 3o.-The executors of
the will Of Coils p. Huntington are
gradually disposing of his properties.
The report from San Francisco that
Gen. Thomas II. Hubbard had bought
the one-quarter interest in the Pacific
Improvement Company owned by c. p.
Huntington was confirmed in this city
yesterday The capital stock of this
corporation is $5,000,000 and Coils p.
Huntington's 12.500 shares are said to