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.)
while I see by the contract between the Exposition Company and the
Chicago House Wrecking Company, which is of record in office of recorder
of deeds, city of St. Louis, in book 1811, page 195 and following pages,
that the bid of the Chicago House Wrecking Company was accompanied by a
check for $100,000, which amount represented less than 25 per cent of
the amount of their bid, viz, $450,000.
The specifications further stipulate that "A contract will be written by
the Exposition Company for the faithful performance of this work, and
upon the signing of same by the parties thereto, the full amount of said
contract, less the amount of the certified check held and to be
appropriated by the exposition Company, must be paid to the said
Exposition Company by the contractor," while the contract between the
Chicago House Wrecking Company and the Exposition Company, which is of
record, provides that the Chicago House Wrecking Company shall execute
and deliver to the said Exposition Company at the time the contract is
signed four promissory notes three for $100,000 each, and one for
$50,000, making a total, all told including the certified check, of
$450,000, and allows them six months in which to make the payments.
The specifications further required--
That a surety company's bond for an amount equal to the amount
of contract must also be given to the Exposition Company by the
said contractor to protect the said Exposition Company from loss
during the execution of the work and for faithful performance
contract--
while the contract referred to shows that the Chicago House Wrecking
Company furnished a bond in the small sum of $40,000, or less than
one-tenth the amount required by the specifications.
From the above it is my belief that the Chicago House Wrecking Company
was shown favoritism and that they were favored from the beginning of
the deal.
I was never furnished a full list of the property to be disposed of by
the Exposition Company. I personally requested a list two or three
times, as did Mr. Dunphy, but we were unable to get one. Had I been
furnished a list of the property that I learn has since been turned over
to the Chicago House Wrecking Company under their contract I would have
gladly bid $800,000, and would have made a very handsome profit on the
deal at that price.
I consider the value of all the property turned over to the Chicago
House Wrecking Company on November 30 was more than $1,000,000.
I consider the manner in which the bids were handled was very irregular
and not the usual custom in that the bids were opened in secret and not
in the presence of the bidders, as requested by a majority of the
bidders present, but as requested by Mr. Abraham Harris, who represented
the Chicago House Wrecking Company. This is not the customary procedure
when bids are called for by the city or the Government.
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