The sun., 1901-11-04
AMERICAN ENDS.
BuffalO's Big Exhibition Passes Away
With Sound of "Taps."
A TOTAL LOSS OF $a,ooo,ooo.
Eight Million People Were Admitted
TO the Grounds-Defcit Apper-
TONED So That Ne Indtvid-
uaIs VIII suffer Much.

Buffalo, Nov. 3.-The Pan-.american |
exposition is ended. President John
G. Milburn pressed an electric button,
and the lights in the now famous elec-
trio tower grew dim for the last time,
Slowly, one by one, the lights on post.
pinnacle and tower faded. A corps OF
buglers standing in the tower sounded
taps and one of the greatest gloriea
of the exposition, the electrical illumi-
nation, passed away, and the exposi.
tion was thing of the past.
The exposition has not been fnan-
cial success. but the benefits derived
from it will be of great value to the
commercial interests OF the country.
The primary object Of the exposition
was TO advance the friendly relations
and commercial intercourse between
the United States and the other coun.
tries Of the two Americas. In this re,
spect it has been decided success.
The republics of Central and South
America, Mexico and the Daminion ef
Canada responded heartily to the sus-
gestion of an all American exposition
and sent to Buffalo Il collection of ex-
hibits seldom if ever before eaualed.
The financial loss will he in the
neishborhood Of S3,000.uOO. The state.
ment TO be issued by the officers Of the
exposition setting forth the exDendi.
lures and receipts win be made public
some tine this month.
Where the Loss VIII Fall.
Until then the company will make no
formal statement. The loss will fall
upon the holders of the common stock.
lhe holders of second mortgage bonds
ana the contractors who erected the
buildings. Two hundred ana ten thou
sahu shares of common stock was sold
at $40 a share, The stock was sub
scribed for by the citizens of Buffalo
ana the Niagara frontier in small lots
OF from one share to a hundred. so that
this loss Of 80, 100000 will not be seri-
ouSly felt by any one.
No complaint has been heard from
the holders of common stock, who an
preclate the benefit the exposition has
been TO the city. There is also feel
ing Of satisfaction that the enterprise
was carried to brilliant and success
tul end by the citizens of this city with
out state or federal aid The first mort
gage bonds, amounting to $1,000. ono
will be paid i'll full An issue Of $500.
900 second mortgage bonds is unpro.
yided for. but the revenue from salvage
on the buildings and from other sources
will probably cover Il part Of this in.
debtedness. The balance due to con.
tractors is not definitely known, but ii
is said that it represents their profits
for the work done, and no one will be
seriously embarrassed by the loss.
The Immense Number of Admissions
The total number of admissions foi
the six months was close to S,OOD.OOO
An average of 2,O00,OU0 Il month had
been figured on by the exposition Off
Gals. The great Snnwstorm of last
April was Il severe blow to the expoSi
tion. An immense amount of work was
undone, and work on the grounds anG
buildings was delayed for Il week
Strenuous efforts We're made to make
up for the lost time, but on May ;
vast amount of work remained undone
hiii wy luIludl opening OF lne eNpOSl
tlon was postponed until May 20. Tho
lamentable tragedy in the Temple OF
Music which robbed the nation Of j
beloved president was another blow tC
the Pan-American. The attendance
had been increasing steadily up to the
date Of the assassination of President
Mckinley. The gates We're closed fol
two days. and when they reopened
there was a drop Of II per cent in tie
attendance, and no Improvement fol
lowed.
lle government exhibit. which is 4
beautiful and instructive collection
Will De- 1T once shipped IL Charleston
e be used In the exposition which will
open iii December Ii the South caro-.
lima metropolis