Daily press. [volume] (Newport News, Va.) 1896-current, 1905-01-11
Entered at the Newport News, Va.
Postoffice as second class matter.
DO ExPoslTloNs PAY7

DO ExPOSlTlONS PAY7
That question frequently has been
asked i'll connection with the prelimi-
nary steps looking toward the launch
Ing of the Jamestown Exposition in
1907. 1t is a question upon which much
hinges and one which, should be ans
wcrcd in the light OF past experience
and without any attempt to conceal
tho facts and figures involved And
right here the figures brought ont in
connection with the permanent bone
ITS accruins from the Louisiana Pur-
>'hasc Exposition in St Louis are valu-
able. The celebration Of one Of the
NEST striking illustrations OF Thomas
Jrffcrson's craftsmanship was suggest:
Cd in the Missouri Historical Society
i'll 1875
At that time the taxable wealth of
81. Louis was $3GO,O0O.O 900 Today it
Is Sfo9.000,0O0. The banking capital
Of ST. Louis III 1888 was $4,000. 600.
Today it is s9oeoo,o 900. The total bank
and trust company deposits in 1898
were Sl02,o000OO Today they arc
S232,o0o,0oo. In order to meet these
deposits those financial institutions
have ON hand. in cash items. more
than slol.n00, 600. or about 40 per cent.
reserve against the entire deposits. a
showing which is regarded as very
strong ana satisfactory. ."
Ivy IL,
St louis were s1.A55,45 .O62. In 1904
hoy will aggregate more than s2.SOO,-
OOo.Ono In 1898 the wholesale jobbing
trade in dry goods and kindred lines in
VI Louis aggregated 100000, 900 IN
1901 il exceeded SS0OOO.OOO. In 1898
tho. retail dry goods business Of ST.
Louis amounted to $4,000 600. In 1904
Z it, exceeded s2O,onO.O0 In 1898 the
capital of the largest bank or trust
company was only S4.OOOOOO Today
there is one institution with a capital
OF Sl3.0OO,O0O: one with SlO.5OO 600:
one with $4,000. 900; ono with $500
900. and several others large:
than The largest bank or trust
company in 1895 In 1898 the TO-
tai deposits Of the largest bank were
approximately s17.O0o.OOo. Today the
deposits Of that same institution ag-
grngatc $4,000, 900.
these are Interesting and impress
sivc figures. especially when taken in
connection with the fact that the st.
l-o'1ls exposition was not a financial
success, in the sense of returning the
principal and dividend on the capital
invested st. Louis has no reason 10
regret the remarkable sacrafccs made
ny hcr citizens in order to make the
celebration an artistic success and a
source of educational inspiration to
every visitor who entered the gates of
the exposition. The city has rcapcd
and is today rcapins wonderful divi-
dends upon the money invested in the
great show which recently came to an
end.
Now we believe that the jamestown
Exposition. run upon unique and en-.
tlrcly commOn-scnSc plan. will be a
{ financial success in the sense oi paw
lnS out dollar for dollar the money
subscribed in stock subscriptions and
mat there will be good surplus left
over for division among the common
stock holders Even ii it should not
pay dividends upon the immediate in.
u vcstment. there is every reason to be.
t -. .u 4
ll:ye that the men who have placed
\ their money in the enterprise Will rcap
greater profits from increased business
activity than they have on any money
invested IN recent years. Even in
I'uHalo. where the disastrous Pan Am.
esican dcfauNcd on a quarter or a mil.
1lon dollars RI its preferred stock, no