The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1910-09-10
The Revenue of the Exposition.


important an enterprise as a great inter-
national exposition should require exact
information concerning every detail of
the business in hand. The amount and
character eof the expense incurred, the
source from which the revenue is derived
and the distribution of the funds and of
whatever profits may be realized. all are
questions in which investors have a legiti-
mate interest and about which they are
entitled to full information.
The taxpayers of Louisiana are asked
to make an Investment in the World S
Panama Exposition, hence they are en-
titled to be kept posted with regard to
every detail concerning the collection and
disbursement of the revenues. the plans
of the directors and the disposition of
whatever surplus may remain at the
conclusion of the enterprise. Some in
terest has been manifested in this latter
phase of the subject. Inquiries have
come from one or two sources with regard
to the probable disposition of any surplus
remaining after the affairs of the exposi-
ton shall have been concluded.
It is, of course, rather early to discuss
possible profits coming out of an enter
prise which may never materialize, and
the profits Of which, even should we sue
ceed in securing the exposition, may be
all; yet, the interest which prompts such
an inquiry shows spirit of cautious con-
sarvatism that is commendable. 1t is
better to be sure that one is right before
going ahead, than to push ahead foolishly
only to find out afterwards that the route
is irnpracticable. The taxpayers of Louis
lana are in a certain sense stockholders of
the exposition enterprise. which being
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 ex-
position company, it is proper to say that
Article X of the charter of the company
makes this provision for the distribution
of any balance that may remain:
Alter this corporation shall have been
liquidated, and if, after all subscribers to
the stock shall have been reimbursed the
amount of their subscriptions. there shall
remain any surplus in the hands of the
liquidating commissioners, it shall be the
duty of the commissioners to distribute
said surplus among the respective parishes
of this state, including the parish of Or
leans, in the proportion in which respect
lively said parishes shall have contributed
to the purpose of this corporation by their
taxation; and said amount SO paid to said
respective parishes shall be receipted fol
| by the parish treasurer, and shall be de
voted to the establishment of good roads
therein.
In addition to this. the law committee
of the exposition is now at work upon al
amendment to the charter which will pro
vide for the construction of two permanen
buildings; one to be the property of th'
state and the other to belong to the city
these to remain as permanent memorials
of the great exposition and to be put t.
such uses as the state and city respect
lively may determine. In this connection
/ it may not be out of place to say her
that no private corporation in this countr.
is conducted upon more business-lik'
principles or with more scrupulous regart
for the rights and interest of the people
No expenditure can be made unless au
| thoriZation is obtained for doing so. Be
fore a dollar can be paid out the CLAIM
must be passed upon and approved b!
the subcommittee which authorized it
by the finance committee. and by tn,
secretary and auditor of the company.
At the end of each month the book
and accounts Of the company are iayesti
gated in succession by several of the mos
prominent chartered public accountants il
Louisiana, thereby rendering fraud ant
crookedness impossible except upon tn
unthinkable theory OF the consent ant
concurrence therein by a number of th'
most eminent business men of New Or
leans.
A Reliable Medicine-Not Narcotic.
Mrs. F. Marfi. St. Joe. Mich, says Foley
Honey and Tar saved her little bows life
She writes: Our little boy contracted
severe bronchial trouble and as the doc
tors medicine did not cure him, gav'
him Foley's Honey and Tar. in which
| have great faith. It cured the cough a
well as the choking and gagging spells
/ and he got well in short time. Foley
Honey and Tar has many times saved u
much trouble and we are never withou
T it in the house. Sold by X-Ray Phar
macy.
The Y. and M. V. Railroad will sci
round-trip tickets daily up to Sept. 80
good for return until Oct. 80, as follows