The San Francisco call., 1910-01-26
SALE OF STOCK
TO BRING CASH
FORKPOSITION
Campaign Will Be Waged to
Raise S5,OOO,OO0 by Local
Subscriptions
Instead of Soliciting Gifts of
Money Committee Will Of
fer Shares in Fair

When the report Of the committee on
organization of the Panama-Pacific in
ternational exposition is made at the
meeting Of the directing committee Of
20 this afternoon all will be in readi-
ness for the beginning of the campaign
Tor finances which is to be waged To-
cally within the next few weeks.
No meeting was held yesterday, as
originally announced, for the plans Of
the organization committee were not
quite in shape for submission. A reso-
luton was passed al the last meeting
lavoring the Inauguration of the finan-
cial campaign without delay and steps
toward organizing this campaign prob
ably viii be taken this afternoon.
The plan tentatively agreed upon by
the directing committee is to place the
campaign for funds in the hands of a
small committee, with a strong man of
the highest business integrity and
executive ability at its head. Il is be-
leved that all preliminary steps can
be taken rapidly. and that the appeal
to the San Francisco public for funds
can be made some time next month
S5.OOO.OOO STOCK TO BE SOLD
The amount that must be raised in
san Francisco as a basis of carrying
out the exposition plans on a scale
that viii make il the equal if not the
superior of any worlds fair ever at
tempted is S5.00O,0 600. On the success
Of the committee in raising this
amount viii depend the outcome of the
appeals TO the state and federal gov
ernments for large appropriations.
This is San Francisco's individual
share in the building of an exposition
which il is estimated viii cost not less
than $50. 600 600.
To make up the s5.OOO.O0O in San
Francisco stock subscriptions 10 that
amount viii be issued. Instead of ap-
pealing TO the public for a free con-
tribution OF money the stock in the ex-
position viii be offered for sale, prob
ably in s19 shares.
plan Of easy payments also will
be devised, so that the amounts sub
scribec may be paid either annually,
semiannually, monthly or in one lump
sum-
DIVIDENDS MAY BE PAID
Under this plan subscribers viii not
he asked TO give their money without
possibility of returns. but should the
exposition prove the great success it
should be, even substantial dividends
on the stock Nay be expected at the
conclusion OF the fair.
The campaign for stock subscriptions
VIII take the form of canvass of the
CITY by districts, supplemented with
personal appeals, letters and meetings.
The enthusiasm already displayed
over the exposition project in every
quarter indicates that the s5.0OO.GOO can
hc raised without trouble and an eff
fort VIII be made to complete the cam
paign IN the briefest possible period.
PLANS FOR DIVIDING WORK
While these matters have been oc-
cupying the attention Of the special
committees for the last week plans for
Ire permanent organization OF every
department. have been gradually round
ga into shape. These viii be submitted
FOR hnal consideration within few
days, and upon their adoption the di-
fectlng committee viii at once set to
work 10 subdivide the responsibility
among subcommittees carefully chosen
from the general ways and means com
mlttee, which has a membership OF 200
Among the Endorsements received
yesterday at the exposition headouar-
rers was a letter from = NJ Cuthberf-
son. secretary of the Santa Clara county
chamber Of commerce. stating thar
resolutions indorsing the exposition 10
the fullest extent and pledging earnest
aid and support were passed bv thu
chamber at its annual meeting AT Los
Gatos January 81