Rensselaer Republican, Volume 24, Number 48, Rensselaer, Jasper County, 28 July 1892 — WORLD’S FAIR NOT BANKRUPT. [ARTICLE]

WORLD’S FAIR NOT BANKRUPT.

Some ignorant or malicious person started the report that Ihe World’s Fair is bankrupt; that it had drawn its last cent and used its last postage stamp. And this false report has been published in hundreds and thousands of newspapers. It is still spreading* aud naturally is doing the Fair harm. The fact is that the Exposition has now $2,500,000 cash in bank and about a million more in sight. It has not had, at any time for a year and a half, less than a million dollars to its credit in cash, and has had as much as $8,000,000 at one time. During the last six months the money has necessarily been expended rapidly for constructing the great Exposition buildings. About three-quarters of a million a month has been paid out for this purpose. A like expenditure will be necessary for several months to come, and more money will be needed by October. The bulk of the receipts

of the Fair from admissions, etc., will hot begin to come in, of course, until the Fair opens. It is in order to tide the enterprise over until that time that the Government has been asked to advance $5,000,000. The most conservative estimate of the Fair’s receipts and expenditures places the former about $4,000,000 in excess of the latter. There need be not the slightest fear of the Fair being bankrupt, or even of its becoming “hard up” if the Government gives the aid which has been asked and which is confidently expected. Should such aid not be given, the public can rest assured that Chicago itself, though it has raised almost $11,000,000 and ought not to be expected to do more, will put, its hand deeper into its pocket and will provide enough money to carry the Fair through to the grand success which it is determined it shall be and which it certainly will be. The Fair is not badkrupt and will not be bankrupt. The only foundation for theinjurious report referred to is the fact that the National Commission, or supervising body has expended all the money which the ; government appropriated for its expenses the current year. That body does not provide the money for constructing the buildings, gathering the exhibits, or otherwise putting the Eair in complete condition for the inspection or the public. This is done by the “World’s Columbian Exposition” or local Chicago corporation. The Fair will be dedicated and opened on time and all bills will be phid.