People's Pilot, Volume 3, Number 46, Rensselaer, Jasper County, 4 May 1894 — CASH FROM THE FAIR. [ARTICLE]

CASH FROM THE FAIR.

Exposition Directors Declare a Dividend of 10 Per Cent. Chicago, May 2.—Stockholders in the World’s Columbian exposition will receive a dividend of 10 per cent, upon their holdings June 9. This was decided at a meeting of directors Tuesday, and the stockholders will have until May 15 to have transfers of stock recorded. The books will then be closed until June 11. Mr. Higinbotham presided. Ferdinand W, Peck, chairman of the Finance committee, made a report showing a cash balance of $1,486,362 and recommending the payment of a dividend of 10 per cent, upon the fully paid up stock of the exposition outstanding, which, including the appropriation of $5,000,000 made by the city of Chicago, amounts to $10,504,260. The dividend on this wili be $1,050,426, leaving in the treasury $435,936, which the committee believes will be more than sufficient to meet outstanding obligations. The city of Chicago will receive $300,000 on the stock it holds and the Columbian museum will receive somewhere in the neighborhood of $130,000 on the §1,300.000 in stock which has been turned over to it.