The log cabin Democrat., 1913-11-20
CONWAY COUNTY FAIR IS DISSOLVED
INBEBTEDNESSIS Sll,OOO
LAST FAIR FINANCIAL SLUG. CESS, BUT NO MORE LIKELY
 TO BE HELD.

The annual stockholders meeting of the Conway County Fair Associa- ton was held at the courthouse Fri day afternoon, 175 shares out of 316 shares being represented, says the Morrilton Headlight. Secretary Jor- dan Sellers made his report of the years business, showing that, in spite of the fact that two days of the fair were practically total loss, the as- sociation paid expenses and came out with little more than $8O to the good In addition to this a heavy overdraft at the bank had been paid by additional sale of stock and some minor debts settled. MT. Sellers re- port showed the outstanding indebt- edness against the association to be a fraction less than $11,0 ,000, with the resources conservatively placed at at least $4,500. This indebtedness has been standing against the association since it was first started, represent ing money that was spent for the building of race track, grandstand, fence and exhibit halls, together with the purchase of the grounds. It has been secured by notes containing the signatures of 25 prominent boosters of Morrilton.
 After a discussion of the affairs of the association it was decided that only one solution was possible, being dissolution of the present organiza- tion. Under the present banking laws all notes must be signed anew each year, and as many of the signers on the old notes deemed it absolutely useless to continue the organization under the handicap of the present debts, resolution was adopted unan. imously turning over the property o1 the association to the creditors, giv, ing the officers of the association full
 right to sign up all papers necessary to the clearing up of the indebtedness and closing up of the affairs of the association and dissolution thereof. l The present board of directors consisting of Ed" Simpson, E. H
 Dunaway, Calvin Sellers, Clifton
 Moose, J. M. Scroggin, w. L. Wood
 N. B. Skipper, Jordan Sellers, A. J
 Stephens, w. E. DeLong, J. A. Fris
 by, J. w. Massey and V. A. Beeson was reelected to close up the affairs of the association, the present officers beng retained.
 From the present outlook it is very doubtful if there will be another fail held The men who have been behind the old organization went into it ful
 we'll knowing that it meant heavy 1 financial loss in the end, but for the time and money spent they have the satisfaction of knowing that the fail has meant an increased activity ir agricultural and livestock methods and from that viewpoint has beer we'll worth while. That the farmers of the county are interested in the work is evinced by the fact that their representative body, the quorum court of the county, has for the last two sessions made generous appro- priations to help out the organiza- tion, and that they want it continued was shown at their last meeting, an appropriation of $1 ,000 now standing for the settlement of the premium list next year. But, on the other hand, the men who are holding the "sack" represent less than one-fifth of the business men of the city, and they feel that unless the "big men" who are directly benefited will come to their rescue then there is no necessity for the little fellows" to let it "all be going out and nothing comin' in" The matter now stands at that point the solution of the problem is up to the people. Can we afford to let the fair go by default?