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.)
Copy of Resolution.
_Resolved_, That the special auditing committee heretofore
appointed be, and said committee is hereby, directed to inquire
into and report to the Commission at its earliest convenience
the true situation concerning the financial condition of the
Exposition Company in the matter of cash receipts from different
sources, including receipts for admissions and concessions and
other sources; also all disbursements of any nature made by the
Exposition Company. They will also examine all advertisements
for bids; also all competitive bids submitted by contractors
under each advertisement, and compare the accepted bids with the
rejected bids, and determine if the accepted bids are reasonable
in comparison with the material and service rendered. They will
also prepare a comparative statement showing all bids submitted,
and a copy of all contracts as finally awarded.
It is the wish of the Commission that you, as chairman of the
special auditing committee, proceed with as much expedition as
possible to make the examination and secure the information as
set forth in above resolution.
Owing to the magnitude of the work of auditing the books of such an
immense enterprise, Mr. Scott engaged the services of Jones, Caesar &
Co., expert accountants, of St. Louis, to make the investigation under
supervision of the committee.
On June 23, 1903, the special auditing committee made a report to the
Commission, and at various times thereafter submitted other reports of
the financial standing of the Exposition Company, based upon the
findings of the above-named firm of expert accountants, all of which are
in the files of the Commission.
The last report of the expert accountants employed by the Commission,
containing a statement of receipts and disbursements of the Exposition
Company from date of its incorporation to date of April 30, 1905,
together with a condensed statement compiled by said expert accountants,
showing their estimate of the financial result of the exposition, which
they state has been prepared from the accounts of the company to May 3,
1905, and from an estimate of future receipts and expenditures,
furnished by the president of the Exposition Company, is herewith
submitted as a part of this report as "Appendix No. 1."
The Commission was compelled from time to time to call the attention of
the Exposition Company to the apparently excessive number of free
admissions in comparison with the total attendance at the exposition.
On May 10, 1904, the Commission wrote to the Exposition Company,
pointing out that for the first seven days of the exposition, with the
exception of the opening day, the number of free admissions compared
with paid admissions was in the ratio of 7 to 6. On several subsequent
occasions the Commission insisted that prompt action should be taken to
check the indiscriminate use of passes.
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