St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1910-09-03
Charter Provides for Dis
tributiOn Of Balance.
Two Buildings to Be Per-
manent Structures.
One the Property of the
City, other of State.


ment in so important an enterprise
as a great International exposition,
should require exact information,
ness in hand. The amount and char
acter of the expense incurred, the
source from which the revenue is
derived, and the distribution Of the
funds and whatever profits may be
realized, all are questions in which
investors have a legitimate interest
and about which they are entitled
to full information.
The tax payers of Louisiana are
asked to make an investment in the
Worlds Panama Exposition, hence.
they are entitled to be kept posted
with regard to every detail concern
in the collection and disbursement
of the revenues, the plans of the d.
rectors and the disposition of what
ever surplus may remain at the con-
clusion of the enterprise. Home in
terest has been manifested in this
later phase of the subject. Inquiries
have co e from one or two sources
with regard to the probable DISPOSE
ton Of any surplus remaining after
the affairs of the exposition shall
have been concluded.
1t Is of course, rather early to
discuss possible profits coming out
of an enterprise which may never
materalize, and the profits of which,
even should we succeed in securing
the exposition, may be nil; yet, the
interest which prompts such an in
quiry shows a spirit of cautious con-
hat so IeI IL
is better to be sure that one Is right
before going ahead, than to push
ahead foolishly only to find out after
wards that the route is impractiable.
the taxpayers of Louisiana are In a
certain sense stockholders of the ex-
position enterprise, which bein: true,
gives them the right to ask questions,
and to have them answered.
With regard to any possible profits
that may result from the operation
of the Exposition Company, it is
proper to say that Article TX of the
charter of the company makes this
provision for the distribution of any
balance that my remain:
After this corporation shall have
been liquidated, and IL after all sub
scriptions to the stock shall have
been reimbursed the amount of their
there shalr remain any
surplus In the hands of the liQuidat-
ing commissioners, 1t shall be the
duty of the commissioners to distrib-
ute said surplus among the respec-
tive parishes of this state, including
the parish of Orleans, In the proper
tion in which respectively said par
ishes shall have contributed to the
purpose of this corporation by their
taxation; and said amount so paid
to said respective parishes shall be
receipted for by the parish treasurer,
and shall be devoted to the estab-
lishment of good roads therein"
In addition to this, the Law Com
mittee of the exposition Is now at
work upon an amendment of the
charter which will provide for the
construction of two permanent build
ing; one to be the property of the
State and other to belong to the city,
these to remain as permanent memo
rials of the great exposition, and to
be put to such uses as the State and
City respectively may determine. In
this connection it may not be out of
place to say here, that no private
of this country is con-
Quoted upon more business like prin-
ciples or with more scrupulous re-
gard for the rights and interest OF
the people. No expenditure can be
made unless authorization is obtain
ed for doing so; before a dollar can
be paid out the claim must be passed
upon and approved by the subcom-
which authorizes it, by the
Finance Committee, and by the Sec
retary and auditor of the company.
At the end of each month the
books and accounts of the company
are investigate in succession by
several of the most prominent char
tered public accountants in Louisi-
Ana, thereby rendering fraud and
crookedness impossible except upon
the unthinkable theory of the con-
sent and concurrence therein by a
number of the most eminent men of
New Orleans.
Chamberlain's Colic, Cholera and
oiarrhoea Remedy is today the best
knewn medicine in use for the re-
lief and cure Of bowel complaints.
1t cures gripping, diarrhoea, dysentary
and should be taken at the first nm