Kootenai County Republican. (Rathdrum, Idaho) 1899-1903, 1901-11-08
CHARACTERIZATION CLOSED
ENDED LAST SATURDAY NIGHT.
President MiIbwrn Pressed the But
tom OF Midnight and the Lights IN
Electric Tower Grew Dim-.'Tapn''
Were sOunded-wilI 80 About
H3.OOO.OOO Loss.

Buffalo, Nov. 4.--The Pan American
exposition ended at II o'clock Saturday
night. At midnight President John G.
Aailbprn pressed an electric button and
She lights in the famous electric tower
grew dim for the last time. Slowly, one
by one, the lights on post and pnnacles
of the tower faded away. A corps Of
buglers standing on the tower sounded
"tap+,' and enc OF the greatest glorics OF
the exposition, the electrical ilumna-
ton, passed away and the exposition was
ended The exposition has not been a
financial success, but il is believed the
benefits derived from it will be ii great
value to the commercial interests Of the
country. The primary object Of the ex-
position was to advance friendly relations
betw cen the United States and the eoun-
tries OF the two Americas.
The financial loss will be in the neigh
borhood Of $3,OOOYOOO. The statement to
be is sued by the officers of the exposition
setting forth the expenditures and re-
ceiptS viii be made public some time
this month. Until then the company will
make no formal statement.
Thu 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
We're sold at $40 share. The stock was
subscribed for by the citizens OF Buffalo
and the Niagara frontier in small lots
of frpm one share to 100. so that the
loss will not he seriously felt by any one.
No complaint has been heard by the
holders OF common stock, who appreciate
the benefit the exposition has been to the
city There is also feeling OF sati,lac-
ton hat the enterprise was carried to
a,irra.$ sfui end without state or federal
aid. The frt mcrscaep bonds. amount
ang - -tltl GEO. vii! he paid in full. An
sAane Gi $i,la,(Aso second mortgage bonds
ts nMl,toynlci Tor but the revenue from
saliva 4e and buildings and from other
source, will probably cover part of this
indebtedness The remainder due to con-
tractors is not definitely known. but it is
said that il represents their profits for
the work done. and no one will be seri
ously embarrassed by the loss.
Over Eight Million Admissions.
The total number of admissions for the
six months was close to S.0OO0O0. An av-
erage Of 200O0OO a month had been fig
ured On by the exposition officials The
great sno"storm Of last April was a Sc
we're blow to the exposition. An immense
amount OF work was undone, and work
on the grounds and buildings was delayed
for a week. Strenuous efforts were made
to make up the lost time, but on May |
a vast amount Of work remained unfn- t
ished. and the formal opening of the ex-
position was postponed until May 90 The
lamentabc tragedy in the Temple of Mu-
sic was another blow to the Pan American
exposition.
There was a veritable riot in the mid
way the las, night. The disorder started
from a quarrel between an intoxica ted
man and waiter. The crowd took the
part Of the stranger and wrecked the
place. smashing chairs, tables and win
,iows. A stream of water from a fire
hose finally put the mob to flight.
The total admissions Saturday were
l24 800. and for six months S.295.O73.