"My country, 'tis of thee!": Or, the United States of America; past, present and future. A philosophic view of American history and of our present status, to be seen in the Columbian exhibition.Johnson, Willis Fletcher
History
"My country, 'tis of thee!": Or, the United States of America; past, present and future. A philosophic view of American history and of our present status, to be seen in the Columbian exhibition.
Johnson, Willis Fletcher
United States -- Description and travel; United States -- History
“The jurisdiction of these two bodies, as to the details of the work,
somewhat embarrassing at the outset, was settled by a compact between
them, and they work together harmoniously and effectively. Under this
compact fifteen grand departments were determined upon, the heads of
which are appointed by the Director General, who is the executive
officer of the commission, and all expenses, except the salary of the
Director General, are paid by the World’s Columbian Exposition Company.”
In order that the City of Chicago might enjoy the honor conferred upon
her by having the Exhibition held there, she was required to furnish an
adequate site, acceptable to the National Commission, and $10,000,000 in
money, which sum was, in the language of the Acts of Congress,
considered necessary and sufficient for the complete preparation for the
Exhibition. This obligation the citizens of Chicago met promptly. A
suitable site and $10,000,000 were provided, and, on evidence thereof,
the President of the United States issued his proclamation, inviting the
nations of the earth to participate in the Exhibition. The $10,000,000
was secured, first, by subscriptions to the capital stock of the
corporation to the amount of more than $5,000,000, and a municipal
appropriation to the City of Chicago of $5,000,000. People of all
classes subscribed to the capital stock, from the richest millionaires
to the poorest wage-earners, and the entire sum of $5,000,000 was
subscribed in a very short time. An additional issue of stock was made,
and it also was rapidly taken up, until the popular subscriptions
aggregated nearly $8,000,000. This, with the municipal appropriation,
placed about $13,000,000 in the treasury of the Exhibition. But, as the
work went on, the original plans were enlarged in this direction and in
that, until it was seen that the original estimate of $10,000,000 was
absurdly inadequate. Accordingly a loan of $5,000,000 was asked from the
general Government, to bring the total funds up to $18,000,000.
The projectors of the Exhibition estimate that the total receipts from
admission tickets will amount to at least $7,000,000. This is not
deemed excessive, as will be appreciated from the fact that it is at the
rate of less than $1,200,000 a month, $300,000 a week, or $50,000 a day,
not including Sundays. The Exhibition is to be open at night as well as
day, and in Chicago and within a radius of a few hours’ journey from it
there are more than 2,000,000 people to draw from, not taking into
account visitors from a distance. With $7,000,000 gate receipts,
$2,000,000 from salvage, and $1,000,000 from leasing of privileges on
the grounds, the income of the Exhibition would reach $10,000,000. From
this it is proposed to repay the Government its $5,000,000, and to
divide the remainder among the subscribers to the capital stock. The
city’s appropriation of $5,000,000 is an absolute gift, and is not to be
repaid.
Public-domain text, read in full here on John Shaqi.
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