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.)
Answer. The first specifications, probably those referred to in
this paragraph, related only to exhibit buildings. Subsequently
the salvage committee informed bidders when bids were taken on
all of the physical property that the intramural cars and
equipments were to be excepted, and also the property of the
General Service Company, which was owned by the Exposition
Company. Quantities of wire had been purchased under the
contracts permitting return on a percentage of the price paid.
As regards the iron piping, bidders were informed of the clause
in the ordinance authorizing the use of Forest Park which
declared that "sewers, drains, conduits, pipes, and fixtures
shall become and be the property of the city." By reference to
the contract of sale to the Chicago House Wrecking Company it
will be observed that the company sells "subject to whatever
rights the city of St. Louis may be entitled to in certain
underground pipes, sewers, and conduits in Forest Park." Some of
the fire apparatus was loaned or rented to the Exposition
Company, and was not owned by it. Many things used by the
Exposition Company were sold to it with the privilege of return,
or with a contract to return at stipulated amounts or
percentages. The exposition officers and the salvage committee
answered inquiries, as far as were in their power, made by
bidders regarding the property, but from first to last refused
to furnish an itemized list. By reference to the contract of
sale it will be observed that no list is contained therein, but
that the company sells and transfers "the interest, or right, or
ownership in or to any and all physical property purchased,
constructed, or acquired by the said Exposition Company,
excepting as hereinafter mentioned."
Eleventh. That according to an estimate made by several
reputable contractors the property sold was of the reasonable
value of $1,955,000.
Answer. The Exposition Company has no knowledge of such
estimates. If contractors did place such estimates upon the
value of the physical property they were singularly lacking in
enterprise when they did not come forward with higher bids. The
amount realized was the highest bid made for the property.
Twelfth. That the Chicago House Wrecking Company, through undue
advantage, obtained inside information as to the extent and
value of the property to be sold, and thereby to the material
injury of the United States secured a contract with the
Exposition Company insuring a profit of more than $1,000,000.
Answer. The Chicago House Wrecking Company obtained no
information that was not accessible to and obtainable by any
other bidder.
Very respectfully,
WALTER B. STEVENS,
_Secretary_.
Hon. THOMAS H. CARTER,
_President National Commission,
_Louisiana Purchase Exposition_.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account