Final Report of the Louisiana Purchase Exposition CommissionLouisiana Purchase Exposition Commission
History
Final Report of the Louisiana Purchase Exposition Commission
Louisiana Purchase Exposition Commission
Louisiana Purchase Exposition (1904 : Saint Louis, Mo.)
The salvage committee, before arriving at terms of sale, as the
records show, held many meetings and resorted to various methods
to elicit proposals for the property. Early in October sealed
bids were invited for the wrecking and removal of the exhibit
buildings. These advertisements were published in daily papers
and in technical journals not confined to St. Louis. In addition
to the advertising, circular letters were sent out to a long
list of addresses of persons who had from time to time addressed
letters on the subject of the salvage or parts of it to the
exposition. Correspondence was taken up by the director of works
with persons and firms in various parts of the country who were
known to be in the wrecking business. Specifications were
prepared and furnished to all who desired them.
On the 10th of November bids were opened by the committee on
salvage. They were of very unsatisfactory character. Most of the
bidders selected single exhibit buildings or small groups of
minor buildings. The highest bid for all of the exhibit
buildings opened that date was $50,000. One bid of $325,000 was
made for "buildings, structures, salvage of all kinds, and all
property owned by the Exposition Company." On the 12th of
November the salvage committee rejected all bids. During the
following two weeks the salvage committee held frequent
meetings. Hearings were given by officers of the exposition to
all persons desiring to negotiate for salvage. By wire and by
mail persons and firms who might be interested were advised that
the property was being offered for sale. Proposals were invited
for all physical property of the company, except the intramural
cars and equipments and the general service outfit.
The salvage committee waited for proposals in response to this
invitation, covering the physical property generally, until
nearly the end of November. Three bids were received. The
highest was $420,000; the next highest was $300,000. After
careful consideration and much negotiation with the various
bidders, the salvage committee proposed to the highest bidder,
namely, the Chicago House Wrecking Company, which had bid
$420,000, to recommend the sale of the physical property to the
board of directors, with the exceptions mentioned, for $450,000.
This, after some delay, was accepted by the Chicago House
Wrecking Company on the 30th of November, and was reported to
the board of directors on the 13th of December, and was ratified
unanimously.
The records and correspondence showing the proceedings
throughout are on file in the office of the secretary, and are
ready for inspection and investigation.
The allegations set forth in the letter of the National
Commission as having been made to that body and the answers to
be given to such allegations are:
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