The Panama-Pacific Company two local millionaires, W. H. Crocker and W. B. Bourn, started financially with twenty-five thousand dollars each. They established the maximum individual subscription. They also secured forty subscriptions of twenty-five thousand dollars each. Then followed the call for a mass meeting. Before the meeting was held the business men of the city were thoroughly canvassed. The Southern Pacific and the Union Pacific together subscribed two hundred and fifty thousand dollars. There were many other large subscriptions from public-service organizations. On the afternoon of the meeting there was a crowd in the Merchants' Exchange Board Room. The announcement of the subscriptions created enthusiasm. In two hours the amount ran up to more than four million dollars. During the next few years they were increased to about $6,500,000. Meanwhile, the State voted a tax levy of five million dollars, and San Francisco voted a bond and issue of the same amount, and by an act of the Legislature, in special session, the counties were authorized to levy a small tax for county Participation, amounting, in estimate, to about three million dollars. Recognition From Congress Next came the task of securing from Congress official recognition of San Francisco as the site of the International Exposition in celebration of the Panama Canal. Headquarters were established in Washington. Presently serious opposition developed. Emissaries went from San Francisco to Washington singly and in delegations. Stress was laid on San Francisco's purpose not to ask for an appropriation from the national government. There were several cities in competition - Boston, Washington, Baltimore and New Orleans. New Orleans proved the most formidable rival. It relied on the strength of of a united Democracy and of the solid South. In the hearings before the Congressional Committee it was made plain that the decision would go to the city with the best financial showing. As soon as the decision was announced New Orleans entered into generous cooperation with San Francisco. The Exposition was on the way. Naming the President. The offer of the presidency of the Exposition Company was made to a well-known business man of San Francisco, C. C. Moore. Besides being able and energetic, he was agreeable to the factions created by the graft prosecution of a half dozen years before. Like the board of directors, he was to serve without salary. He stipulated that in the conduct of the work there should be no patronage. With the directors he entered into an a agreement that all appointments should be made for merit alone. Choosing the Site