The Montgomery advertiser., 1906-03-07
Agricultural Association
 Is Organized.
MR. vANDIvER IS PRESIDENT
Will Be Incorporated With $loO,OoO
 Capital Stock.
Announcement made that s44,e5o Has Been Subscribed. VIII Give Greatest Exhibition In His- tory of Montgomery
 October 22-27.

After lapse of eleven years, Mont gomery is to have a state fair. The decisive step which will make the fair fact. was taken at a meeting of more than one hundred subscribers the movement in the rooms of the Commer- ciaI Club last night. when charter for the formation of the Alabama Agri- cultural Association was adopted and signed by fifty-four citizens of the State who have signified their willing ness to take stock in the corporation. This charter, which will be signed by the other stockholders, and filed within few days. provides for the capitalization of the corporation at s100,000. Of this amount $50.000 will be paid in. one-half at the call of the board of directors of the organization. It was announced last. night that s44,- $50 had been subscribed to the stock.
 w. F. Vandiver. head of the business firm of that name. and one of the lead ing spirits in the movement for the fair, was elected President of the asso- citation. J. C. Adams was made Secre- tary. and R. o. Biakey, Treasurer, while the Vice Presidents. who have thus far been named are Governor W. D. Jelks. W. M. Teague and R. R. Poole of Mont gomery and w. IF. Garth of Huntsville,
 To Be a Great Fair.
 Not since the year 1895 has a State Fair been held in Montgomery, Smaller Fairs have been held in defferent parts of the State since then. but nothing on the scale which the promoters of the movement promised for the coming event which is to be held in Montgom- cry October 22 to October 27 inciu- sixa N4s J a.. r,g Not only have the stockholders sigs nifIed their intention or having Fair which will exceed anything wnfch has eyer been held in the State. but as g number of them declared at the meeting last evening, the coming event will be one which will be of great benefit both to Montgomery and to the State gem erally
 Throughout the deliberations of the meeting last evening, the greatest en- thusiasm and earnesLness was exhibit ed by those who attended, and the motions which finally resulted in the adoption of the articles of incorpor- ation were passed without dissent ing vote.
 When the meeting was called an eff fort was made by a number of the subscribers to increase the amount al- ready subscribed to $50,O00 before steps toward the formation of an organiza- ton should be taken. The committee on finances reported that a totaF of 4.29S shares had been subscribed st $10 a share, leaving stlll a trife over for further voluntary subscriptions from those present resulted in the subscription of 197 more shares.
 At this point a motion was made by NJ L. Greil to proceed with the adoption of articles of incorporation, leaving the remainder to be subscrIb- ed for by parties outside the meeting. with a suggestion that in case the nee essary amounts be not forthcoming. those who had already subscribed should increase their stock propor- tionately until the total desired should have been reached
 Major R. E. steiner substituted for this motion that committee of five should be appointed which should name the officers on the organization and report on the articles for tho in-
  was passed. and upon the report of the committee the articles submitted were adopted.
 Report Of MT. vandiver.
 The meeting was opened by Chair man W. F. Vandiver who reported for the Finance Committee on the work done since the previous meeting. The committee, he said, suggested that an organization should be formed for the purpose of holding State Fair Tho capitalization of this body, the commit tee advocated, should be placed al SloO,0O0. The committee reported thai of the necessary amount, 4,29S shares had already been subscriber for, tho total amount included in the subscrip' tions being s42.sSo.
 Tn insure a successful fair, MT Van diver said it was the opinion of tho committee that the organization mus nossess an assured capital of at leasi ssO 00O He cited the example of tht Atlanta fair in Georgia last year, and tba nrofits that accrued to the stock holders of that organization. Las wear. he declared, the management ol the Atlanta fair declared dividend of 1o0 ner cent at the close of the sea ,, ~ i'' There was no reason. he said whv A Fair in Montgomery could no he made to pay as great returns al those of other States, .. ,,. ,,.,
 GontinuIng with his report MT. Van, dityer, said that circular ietLer uat 1sen sent to the railroads in the state oSnIafning the purpose of the organiza lion of a State Agricultural Ass9cie Sta tton and asking for assistance iron tbeno To the amount of $lO'OOO: Whli' tt was too early to expect reply Iron Iron those bodies. he expressed oelle thet thev would respond with mos ss,,hs+sntial support of the movement
 additional subscriptions.
 T. oalIing for additional subscrlp
 III Srom those present, MT. Vandive Uons thsn offered in the name of the firm men .aDresents to increase the amour ne s,ock to which they had subscrloe' Gr Fron 100 shars to l5o making h f,59 the pD Pq xai@S S1 5o0. Other subscriptions came Il ',SIv siaVT' The Exchange Hotel manage ra6nt which had previously subscrloe' me 1oo shares of the stock, followe. tgr tG Vsndiver's lead, raising their stool mr ,sc shares. Charles L. Gay an ,,,,,,sd .o that he would take ten share ,,,ors se did the Southern Syrup Com nnny Felt X strauss, the Imperial Ho teI john W. Tullis, Jr,, J. A sellers AFAt eNt-++ A. Moore flIhA