The total earnings accruing due to the company under concession contracts amounted to ................... $3,803,724.53 Of this total there has been collected (as above) the sum of ..................... $3,065,404.69 There was waived by the company under various compromises the sum of .................... 434,204.36 And there still remain uncollected bills amounting to .............................. 304,115.48 ——————- 3,803,724.53

We have seen authorizations from the executive or concessions committee for all the important compromises effected.

Intramural Railway.

We have agreed the receipts shown by the general books of the company with the report of the manager of the railway. The number of passengers carried and the amount of revenue therefrom, by months, were as follows:

Date. Passengers Revenue. carried

April 30 and May .......................... 295,152 $29,515.20 June ...................................... 861,409 86,140.90 July ...................................... 815,034 81,503.40 August .................................... 1,018,195 101,819.50 September ................................. 1,394,444 139,444.40 October ................................... 1,273,207 127,320.70 November and December 1 ................... 617,297 61,729.70

Total ..................................... 6,274,738 627,473.80

It is not possible to arrive at the cost of operating the railway, as the power was furnished from the general power plant, and the cost thereof can not be ascertained separately.

Service, Power, Light and Water, Transportation.

We have agreed the collections from these sources with the books of the treasurer, and as regards the principal items we have also agreed the accounts shown on the general books with those of the departments in which the charges originated, subject to some inconsiderable differences which are now being investigated and will be adjusted by the company as soon as possible.

Music Department.

We have agreed the receipts shown by the auditor with the report of the bureau of music.

The total receipts are made up as follows:

Music furnished German Tyrolean Alps Company .......... $67,220.25 Music furnished other parties ......................... 300.00 Receipts from admissions to Festival Hall and sales of reserved seats ...................................... 77,078.23 Total earnings ...................................... 144,598.48 Add refund on expenses credited this account .......... 1,940.00 Total as per statement .............................. 146,538.48

We have verified the receipts from the German Tyrolean Alps Company with the contract.

Premium on Souvenir Gold Coin, less Expense.

This total represents the premium of $2 per coin on $67,176.00 33,588 coins sold Less expenses ....................................... 13,506.67 Total ............................................. 53,669.33

We have agreed the number of coins sold with the difference between the number originally received and the number now certified to be on hand.

Photo-Pass Receipts.

The system in regard to the collections in this department appeared to be such as to insure the full amount of collections being received by the company.

Photographic passes were charged in some cases at $1 and in others at $2, and many were issued without charge, and it is not therefore possible, without a very great amount of work, to check the collections against the number of passes issued.

Interest on Deposits.

This total represents the amount of interest received on balances from time to time remaining on hand in the company's bank. We have included therein the amount of $2,580.68 received In respect of the Pike rental fund and credited on the books of the company to that fund.

Miscellaneous Collections.

This total is made up as follows:

Insurance premiums refunded .................... $63,983.17 Refrigerating plant receipts ................... 20,178.99 Garbage coupon books ........................... 11,506.80 Miscellaneous revenues ......................... 31,230.52 Refund account, overpayments ................... 4,715.96 Personal damage account, receipts .............. 2,572.50 Uniform special fund ........................... 2,514.89 Damage to property, receipts ................... 72.50 —————- Total ........................................ 136,775.33

We have checked the insurance receipts with the report of the agents of the policies canceled and of the amount of return premiums due the company thereon.

We have agreed the receipts from the refrigerating plant, which represent the company's proportion of the profits on the operation thereof, with the report of the manager. A final audit of the books of the plant is now being made by the Exposition Company, and it is possible that a small further sum will be received on this account.

We counted the garbage books remaining on hand and satisfied ourselves that the number thereof, together with the number reported as sold, made up the total number originally received.

The remainder of the receipts included under this head consists of various incidental receipts which it is not possible to verify completely.

Salvage.

This amount is made up as follows:

Contract price for salvage sold to Chicago House Wrecking Company ............................ $450,000.00 Less amount not yet due or paid ............... 150,000.00 —————— 300,000.00 Resale of cars and motors under original purchase contract with St. Louis Car Company 158,667.25 Miscellaneous sales ........................... 4,198.03 —————— Total ....................................... 462,865.28

We have verified the two large items with the original contracts.

Special Fund.

We have not been able to obtain a detailed statement of the badge fund, which represents deposits made by employees in respect of badges issued to them, and it is probable that the greater part of this sum has been refunded and charged through various departments to other accounts.

The pay-roll fund represents unclaimed wages and has been agreed with a detailed list submitted to us.

Disbursements.

Properly approved vouchers have been produced to us for all disbursements except as regards two payments aggregating $252.45, the vouchers for which have, we understand, been mislaid.

The only items calling for special comment are, we think, the following:

Special Installation of Exhibits.

This sum represents the purchase price of the whole of the capital stock of the General Service Company, which held a concession for hauling and storage. From a balance sheet of that company, recently prepared, it would appear that the amount to be realized by the Exposition Company in respect of this investment will be about $104,000. We are advised by the president that in spite of the apparent loss of $21,000 involved, this transaction is regarded by the Exposition Company as an advantageous one, inasmuch as, at the time it was effected, there were serious controversies and substantial claims in question between the two companies, and by the purchase these claims were, of course, completely disposed of; and, moreover, the installation of exhibits was much expedited and serious inconvenience to exhibitors avoided.

Money Advanced.

The principal item included under this head is an amount of $152,000 advanced to the emergency exploitation committee from time to time to meet the expenses incurred by that committee. Practically the whole of this amount has been expended, but up to the date of our audit vouchers for the expenditures had not been turned in by the committee or put through the general books of the company. We understand that this is now being done.

Board of Lady Managers.

Included under this head is the full amount of $100,000 appropriated for the board out of the Government loan of $4,600,000. This sum was paid by the company into a special account, subject to the order of the board, and no details as to the disbursement thereof appear on the books, owing, as we are informed, to the fact that no report of such disbursements has yet been made by the board to the Exposition Company.

Cash Balances.

Certificates of deposit have been produced to us, and we have been furnished with a certificate from the bank as to the balance on current account.

The cash immediately available for the general purposes of the company amounts to $668,754.36, the remaining $182,846.41 being deposited in a special account to secure the sureties under various bonds given on behalf of the company.

Of this total of $182,846.41, the sum of $120,768.18 is derived from Pike rentals, as hereinbefore explained. The balance of $62,078.23 consists of receipts of the music bureau, which were originally paid into a separate fund because of a difference between the bureau of music and the division of concessions as to the policy in operating Festival Hall. Subsequently the president recommended that this fund be added to the fund held for the protection of the sureties, in accordance with the authority granted to the executive committee by the board of directors to make such provision as might be deemed advisable to protect these sureties, and the president informs us that this suggestion was approved by the executive committee.

It will of course be understood that the maintenance of the separate funds would become a matter of practical importance only in the event of the funds of the company proving insufficient to meet its liabilities, a condition which is not now deemed likely to arise.

General Financial Condition of the Company.

We have been furnished by the president of the Exposition Company with a statement of the estimated assets and liabilities of the company on May 3, 1905, a copy of which we append hereto. From this statement it will be seen that, subject to whatever liability may eventually result in respect of suits and disputed claims now pending against the company, it is estimated that the assets will exceed the liabilities by $467,211.45.

In arriving at this figure, the liability of the company in respect of the restoration of Forest Park is estimated at $200,000. In this connection it may be well to point out that the company is under obligation to restore the park without any limit as to cost, and has, moreover, given the city of St. Louis two bonds aggregating $650,000, being the amount of an estimate made on behalf of the city of the probable cost of restoration. Of the bonds given, one is for $100,000, secured by guarantee of certain directors of the Exposition Company, and the second for $550,000, secured as to $100,000 by personal guarantees and as to the balance by a mortgage on the Art Building.

Legislation is now pending looking to the acceptance by the city of a fixed sum in settlement of the company's liability and the carrying out of the work of restoration by the city itself, but it is not, of course, possible to say at the present time whether the estimate of $200,000 now taken into account will eventually prove sufficient.

It is not at present possible to estimate the liability on suits and claims pending.

In conclusion, we would state that every facility was extended to us by the officials of the company in the course of our audits.

Yours, faithfully, Jones, Caesar, DICKINSON, WILMOT & Co.

LOUISIANA PURCHASE EXPOSITION COMMISSION, Washington, D.C.



Statement of receipts and disbursements from the incorporation of the company to April 30, 1906 (inclusive).

RECEIPTS.

Capital liabilities: Collections on account of sales of capital stock ........................... $4,821,456.11 Proceeds of sale of city of St. Louis bonds .................................... 5,000,050.00 United States Government aid ............... 4,752,968.45 —————— $14,574,474.56

Loans contracted: United States Government ................... 4,600,000.00 Loan on security of capital stock subscriptions, etc ....................... 438,000.00 —————— 5,038,000.00 Revenue: Admissions collections (Exhibit A) ......... 6,240,480.90 Concessions collections (Exhibit B) ........ 3,076,958.69 Intramural railway receipts ................ 627,473.84 Service, power, light, and water receipts (Exhibit C) .............................. 655,684.00 Transportation collections (Exhibit D) ..... 218,207.20 Music Department collections ............... 146,538.48 Premium on souvenir gold coin (less expenses) .......................... 53,669.33 Photo pass receipts ........................ 51,469.00 Interest on deposits (Exhibit E) ........... 131,407.83 Miscellaneous collections (Exhibit F) ...... 136,775.33 Salvage .................................... 462,865.28 —————— 11,801,529.88 Special funds Badge ...................................... 6,830.00 Pay roll ................................... 5,769.04 —————- 12,599.04 ——————- 31,426,603.48

DISBURSEMENTS.

Preliminary expenses ...................................... $37,418.78 Construction (Exhibit G) .................................. 16,729,755.48 Rent of grounds and buildings (Exhibit H) ................. 1,240,113.80 Maintenance and operating (Exhibit I) ..................... 1,070,537.51 Special installation of exhibits .......................... 125,000.00 Exhibits division (Exhibit J) ............................. 2,189,125.93 Exploitation division (Exhibit K) ......................... 1,327,337.11 Protection—Fire, police, insurance, etc. (Exhibit L) ..... 1,089.992.35 Concessions and admissions division (Exhibit M) ........... 564,112.28 Executive and administrative division (Exhibit N) ......... 440,874.46 Transportation bureau (Exhibit O) ......................... 321,074.58 Money advanced (Exhibit P) ................................ 167,350.14 Sundry disbursements (Exhibit Q) .......................... 114,920.78 Board of lady managers: Government appropriation .................... $100,000.00 Miscellaneous disbursements ................. 16,831.20 Furnishing rooms ............................ 2,558.31 —————- 119,389.51 ——————- 25,537,002.71 Loans repaid .............................................. 5,038,000.00 Cash balances: Cash in bank, general fund .................. 5,067.22 Local treasurer's cash ...................... 24.58 Certificates of deposit ..................... 663,662.56 —————- 668,754.36 Certificates of deposit, D.R. Francis and W.H. Thompson, trustees (Exposition Company sureties) ......................... 182,846.41 —————- 851,600.77 ——————- 31,426,603.48

We have examined the above statement of receipts and disbursements, with the books of the Louisiana Purchase Exposition Company, and certify the same to be correct. Satisfactory evidence has been produced to us as to all payments made, and proper certificates have been furnished as to the balance of cash in bank, on deposit, and on current account.

JONES, CAESAR, DICKINSON, WILMOT & Co., Certified Public Accountants.

St. Louis, June 9, 1905.

Estimate of current assets and liabilities at close of business, May 3, 1905.

ASSETS.

Cash on hand with treasurer ............................... $199,888.36 Cash on hand with local treasurer ......................... 508.33 Cash on hand with paymaster ............................... 1,500.00 Cash on hand with police court ............................ 300.00 Bills receivable, S.W. Bolles ............................. 153.10 Due from Alexander on account of insurance ................ 2,040.80 Due from bonding company on account of gatemen ............ 335.20 Estimated revenue from admissions, three months ........... 3,750.00 Estimated collections from concessions, balance due ................................. $281,252.98 Estimated collections from Pike rentals, balance due ................................. 23,862.00 —————— 20,000.00 Estimated collections from service bills, balance due ................................. 109,211.01 10,000.00 Estimated collections from capital stock, balance due ................................. 473,741.69 20,000.00 Estimated collections from other sources .................. 5,000.00 Salvage, per certificates of deposit 463,662.56 Salvage, per bills receivable 150,000.00 —————— 613,662.56 Assets of General Service Company (excluding bills against Louisiana Purchase Exposition Company) ............................ 40,000.00 Cash in hands of trustees, on account of ground rent .................................. 120,768.18 Cash in hands of trustees, on account of music ........................................ 62,078.23 —————- 182,846.41 ————— $1,099,984.76

(See note.)

LIABILITIES.

Warrants unpaid ................................ $43,863.60 Less warrants payable to General Service Company ...................................... 13,706.33 —————- 30,157.27 Special and trust fund .................................... 12,599.04 Vouchered accounts, no warrants drawn .......... 56,664.66 Less General Service Company vouchers .......... 26,255.93 —————- 30,408.73 Ground rent ............................................... 9,500.00 Tesson heirs' claim ....................................... 5,300.00 Unvouchered accounts: Division of works— Electrical department ...................... $31,257.10 Mechanical department ...................... 12,702.44 Civil engineering .......................... 7,723.56 Director's office .......................... 2,994.24 —————- 54,677.34 Concessions and admissions— Woodward & Tiernan ......................... 2,945.15 J.E. Allison ............................... 39.28 David L. Grey .............................. 456.00 —————- 3.440.43 Division of exhibits— Director's office .......................... 2,140.50 Awards ..................................... 1,784.50 Art ........................................ 262.87 Live stock ................................. 59.25 Electricity ................................ 30.25 Education .................................. 4.10 Manufactures ............................... .25 Physical culture ........................... $30.70 Anthropology ............................... 387.40 Machinery .................................. 76.00 Mines and metallurgy ....................... 200.00 Model street ............................... 30.70 Salary, three days in May .................. 107.46 —————- $5,113.98 Park restoration, three days' salaries and wages .......... 448.41 Park restoration, Art Museum, salaries and wages .......... 117.17 Transportation, salaries and wages ........................ 29.04 Legal department, salaries and wages ...................... 112.11 Secretary's office, salaries and wages .................... 426.20 Auditor's office, salaries and wages ...................... 128.61 Collector and local treasurer, salaries and wages ......... 54.40 Treasurer's office, salaries and wages .................... 27.76 Care of buildings (janitors), salaries and wages .......... 17.91 Report of Congress of Arts and Sciences ................... 4,213.91 Diplomas .................................................. 44,000.00 Unmatured liabilities: Administration expenses during liquidation of Exposition Company (estimated) ........................ 100,000.00 Publication of president's report ....................... 10,000.00 Publication reports Congress of Arts and Sciences .............................................. 18,000.00 Publication of physical-culture reports ................. 5,000.00 Restoration of Forest Park (estimated) .................. 200,000.00 Restoration of leased tracts and additional rental thereon (estimated) ............................ 50,000.00 Taxes for three years on leased tracts, in litigation (estimated) ........................................... 25,000.00 Contingent fund ......................................... 20,000.00 Administration expenses of superior jury ................ 4,000.00 Excess of current assets over current liabilities, which is exclusive of contingent liabilities in the shape of suits pending versus Louisiana Purchase Exposition Company, and other items as per memorandum below ................................................... 467,211.45 ————— $1,099,984.76

CONTINGENT LIABILITIES.

Suits pending against Exposition Company: Exposition Water Company ................................ 63,000.00 Fraternal Identification Company ........................ 50,000.00 Charles Holloway ........................................ 2,000.00 Star Bottling Company ................................... 235,449.79 Do .................................................... 30,600.00 Gardner T. Voorhees ..................................... 25,000.00 Exposition Water Company ................................ 63,000.00 Bessie M. Liggett (two suits), action for rent of New York office .................................... 1,500.00 Willis .................................................. 15,000.00 John Culligan ........................................... 100.00 ——————- $562,849.79

(In addition to the above there are a number of claims made by concessionaires, aggregating a large amount, which have not yet been put in suit.)

CONTINGENT ASSETS.

There may be an appropriation made at next session of Congress to pay amount due Louisiana Purchase Exposition Company on account of Philippine exhibit, which amounts to ............ $100,000.00

(This is so uncertain that it can not be counted as a probable asset.)

NOTE.—In the assets is listed trustees' fund, $182,846.41. This amount is not at present an available asset, for the reason that it is a trust fund placed to secure bondsmen for ground rent and other purposes, and may be partially or totally absorbed for the reimbursement of bondsmen who may be defendants in suits that may be instituted.

* * * * *

EXHIBITS TO STATEMENTS OF RECEIPTS AND DISBURSEMENTS, APRIL 30, 1905.

EXHIBIT A.—Admissions collections, April 30, 1905.

Admissions collections: Preexposition ........................................... $175,906.25 Exposition .............................................. 5,704,846.15 Postexposition ......................................... 16,156.50 Chicago day tickets ....................................... 270.00 National Commission season tickets ........................ 28,637.50 November tickets .......................................... 4,870.00 St. Louis day admissions .................................. 39,536.00 Season tickets ............................................ 94,030.00 Single admission tickets .................................. 14,651.00 Special August tickets .................................... 1,410.00 Stockholders' tickets ..................................... 160,167.50 ——————- Total ................................................. 6,240,480.90

EXHIBIT B.—Concessions collections, April 30, 1905.

Concessions revenue: Preexposition ........................................... $32,366.06 Exposition .............................................. 2,808,995.59 Postexposition .......................................... 1,855.54 Concessions receipts, subsequently refunded (contra) ...... 15,554.00 Catlin tract Pike rentals ................................. 218,187.50 ——————- Total ................................................. 3,076,958.69

EXHIBIT C.—Receipts account of service, power, light, and water bills, etc., April 30, 1905.

Miscellaneous, prior to September 3, 1902 ................. $434.45 Animals, care of .......................................... 55.00 Bags ...................................................... 1,971.30 Blacksmith shop ........................................... 121.35 Building permits .......................................... 1,015.58 Cinders ................................................... 142.50 Coal sold ................................................. 1,040.70 Cleaning closets .......................................... 263.50 Cord wood ................................................. 3,020.94 Cremating animals ......................................... 141.30 Damages ................................................... 11.41 Dam in Arrowhead .......................................... 3,068.93 Draft returned ............................................ 1,000.00 Electric connections, various service ..................... 686.00 Electric power service .................................... 7,609.09 Force account ............................................. 21,798.14 Freight charges ........................................... 119.11 Garbage cans .............................................. 465.00 Gas connections and inspections ........................... 530.00 Hauling garbage, etc ...................................... 871.54 Light service ............................................. 7,639.57 Miscellaneous ............................................. 5,264.41 Miscellaneous hauling ..................................... 22.75 Paving .................................................... 138.60 Permits other than buildings .............................. $830.59 Piling .................................................... 589.10 Rebates on collections .................................... 15,011.58 Removing garbage .......................................... 1,767.85 Removing rubbish .......................................... 435.60 Rent of cross arms ........................................ 438.95 Rent of conduits .......................................... 1,108.04 Repairs ................................................... 24.12 Salvage ................................................... 87.26 Sawmill ................................................... 950.42 Alternating currents ...................................... 26.26 Amperes oven service ...................................... 41.25 Compressed air service .................................... 1,310.50 Electric heater service ................................... 533.31 Fan power service ......................................... 1,948.36 Furnace service ........................................... 5.71 Gaslight service .......................................... 5,799.75 Arc light service ......................................... 13,112.32 Incandescent service ...................................... 243,578.64 Miscellaneous service ..................................... 17,246.36 Changing electric service ................................. 150.00 Miscellaneous electric service ............................ 81,425.68 Miscellaneous light service ............................... 3,907.45 Picture machine service ................................... 27.50 Searchlight service ....................................... 202.20 Motor service ............................................ 82,597.25 Steam service ............................................. 1,661.02 Telephone service ......................................... 540.56 Water service ............................................. 68,023.74 Water applications and inspections ........................ 14,672.50 Sewer applications and inspections ........................ 6,240.00 Plumbing applications and inspections ..................... 5,436.00 Compressed air connections ................................ 35.00 Electric heater connections ............................... 40.00 Fan power applications and connections .................... 150.00 Gas connections ........................................... 1.059.40 Gas inspections ........................................... 211.00 Arc light connections ..................................... 170.64 Incandescent light connections ............................ 5,780.32 Miscellaneous electric connections ........................ 116.85 Miscellaneous light connections ........................... 210.00 Light applications, etc. .................................. 413.00 Miscellaneous connections ................................. 60.64 Miscellaneous inspections ................................. 6.50 Motor applications and connections ........................ 2,556.43 Picture machine connections ............................... 5.00 Plumbing applications ..................................... 1,202.75 Plumbing inspections ...................................... 1,055.50 Sewer applications ........................................ 647.00 Sewer inspections ......................................... 420.00 Sanitary sewer applications ............................... 1,820.00 Sanitary sewer inspections ................................ 1,530.00 Steam pipe connections .................................... 7.50 Steam sewer connections ................................... 191.35 Water applications ........................................ 2,702.35 Water inspections ......................................... 1,605.00 High pressure applications ................................ 3,125.00 High pressure inspections ................................. 1,047.50 Various direct currents ................................... 26.00 Force account, post-exposition ............................ 78.33 Arc light service, post-exposition ........................ 591.41 Gas connections, post-exposition .......................... 10.00 Gaslight service, post-exposition ......................... 92.16 Crane service, post-exposition ............................ 19.50 Incandescent light service, post-exposition ............... 112.93 Miscellaneous service, post-exposition .................... 89.98 Water service, post-exposition ............................ $1,333.02 Removing garbage, post-exposition ......................... .40 Gas inspections ........................................... .50 ——————- Total ................................................... 655,684.00

EXHIBIT D.—Transportation collections, April 30, 1905.

Switching: Exposition period ....................................... $135,087.12 Postexposition period ..................................... 71,169.34 Car service ............................................... 5,148.30 Parking private cars ...................................... 2,506.00 Drayage ................................................... 5.32 Miscellaneous ............................................. 4,291.12 ——————- Total ................................................... 218,207.20

EXHIBIT E.—Interest receipts, April 30, 1905.

Interest on deposits ...................................... $116,356.03 Interest on Government loan ............................... 3,926.63 Washington University, special fund ....................... 8,544.49 Pike rental, special fund ................................. 2,580.68 ——————- Total ................................................... 131,407.83

EXHIBIT F.—Miscellaneous collections, April 30, 1905.

Refunds prior to September 3, 1902 ........................ $4,870.46 Admissions, exposition .................................... 201.61 Admissions department ..................................... 102.66 Ceremonies, dedication .................................... 22.40 Conscience fund ........................................... 31.25 Drafts returned ........................................... 186.00 Freight charges refunded .................................. 367.70 Miscellaneous collections ................................. 2,411.98 Interest on stock notes ................................... 1,260.04 Interest on stock of estate ............................... 3.90 Interest and costs, delinquent subscriptions .............. 111.52 Janitor service ........................................... 1,650.62 Lost property ............................................. .50 Miscellaneous sales ....................................... 9,516.84 Percentages, Bell Telephone Company pay stations .......... 1,363.51 Postage ................................................... 5.39 Redemption of horses and vehicles ......................... 86.00 Rent ...................................................... 13.00 Sale of buildings ......................................... 50.00 Sale of property .......................................... 3,248.78 Geo. F. Parker, resident representative, London ........... 145.03 Intramural railway maintenance ............................ 180.55 Concessions department, ticket account .................... 47.50 Concessions ............................................... 10.50 Ticket sellers, change account ............................ 40.00 Impounding vehicles ....................................... 1.00 Force account, postexposition ............................. 228.00 Miscellaneous, postexposition ............................. 75.62 Postage, postexposition ................................... 2.85 Physical-culture fund ..................................... 3,495.31 Aeronautics entry fees .................................... 1,500.00 Insurance premiums refunded ............................... 63,983.17 Refrigerating plant receipts .............................. 20,178.99 Garbage coupon books ...................................... 11,506.80 Refund account, overpayments .............................. 4,715.96 Personal damage receipts .................................. 2,572.50 Property damage receipts .................................. 72.50 Uniform account, special fund ............................. 2,514.89 ——————- Total ................................................... 136,775.33

EXHIBIT G.—Construction, April 30, 1905.

Architecture, department of ............................... $138,395.61 Architects' commissions ................................... 81,000.00 Architects' fees and expense .............................. 94,019.88 Agriculture Building ...................................... 524,185.51 Approaches to Government Building ......................... 34,585.90 Art Building .............................................. 945,849.45 Athletic field ............................................ 16,000.00 Band stands ............................................... 25,793.00 Barracks buildings ........................................ 26,925.75 Bridges, permanent ........................................ 102,785.07 Bridges, temporary ........................................ 1,666.78 Building, engineers ....................................... 11,578.85 Cascades and terraces, excavating ......................... 142,629.08 Civil engineers ........................................... 308,031.74 Dairy barn building ....................................... 27,570.08 Day nursery building ...................................... 6,035.82 Drainage .................................................. 100,813.86 Drinking fountains ........................................ 898.00 Director's office ......................................... 224,008.48 Electricity and Machinery ................................. 444,553.70 Electricity and machinery department ...................... 122,589.49 Electric and power plant .................................. 2,868,047.38 Electrical subway ......................................... 23,494.33 Emergency installation .................................... 13,746.91 Engine house .............................................. 41,152.18 Exhibitors' exposition power plant ........................ 201,099.93 Exhibitors' pre-exposition power plant .................... 16,989.63 Entrances ................................................. 31,736.00 Finish on bridges, lagoons, and cascades .................. 155,488.72 Festival Hall ............................................. 221,999.45 Fire department, temporary building ....................... 220.71 Fire plant ................................................ 370,622.09 Forestry, Fish, and Game Building ......................... 174,317.38 Fences .................................................... 37,325.16 Filtration plant .......................................... 11,689.20 Freight platforms ......................................... 14,298.51 Furniture and fixtures .................................... 19,727.83 Garbage crematory ......................................... 8,746.90 Grading ................................................... 269,454.94 Gas piping ................................................ 44,665.62 Horticulture Building ..................................... 225,408.27 Horses, harness, and vehicles ............................. 7,069.30 Hospital building ......................................... 20,508.38 Hauling and piling up soil ................................ 1,720.80 Implements and tools ...................................... 9,271.02 Intramural railway ........................................ 498,393.90 Landscape gardening ....................................... 500,566.59 Louisiana Purchase Monument ............................... 7,593.93 Liberal Arts Building ..................................... 475,370.95 Live stock exhibit buildings .............................. 147,464.55 Machinery Building ........................................ 497,408.35 Manufactures Building ..................................... 710,284.49 Mines and Metallurgy Building ............................. 491,802.41 Mural decorations ......................................... 41,467.88 Philippine Commission ..................................... 198,442.15 Police station ............................................ 6,646.17 Preparing grounds ......................................... 738,508.51 Press building ............................................ 4,899.32 Pump well, pavilion, and conduit .......................... 37,845.24 Plumbing .................................................. 129,834.02 Refrigerating and ice plants .............................. 37,177.84 Restaurants and colonades ................................. 174,106.80 Reservoirs ................................................ 3,013.53 Roadways .................................................. 441,676.12 Sculpture ................................................. 518,039.87 Sculpture Hall Building ................................... $39,388.99 Service building .......................................... 41,743.81 Shelter houses ............................................ 4,924.35 Stables ................................................... 6,167.01 Sewers .................................................... 62,700.14 Sawmill ................................................... 6,781.24 Street railway, private right of way ...................... 12,788.98 Supplies, miscellaneous ................................... 9,053.73 Temporary boiler house .................................... 1,808.50 Textiles Building ......................................... 381,446.85 Ticket booths ............................................. 6,940.00 Turnstiles ................................................ 25,416.15 Town Hall Building ........................................ 15,398.34 Transportation Building ................................... 675,586.39 Triumphal causeway ........................................ 7,885.00 Uniforms .................................................. 1,054.42 United States life-saving exhibit ......................... 925.25 Varied Industries Building ................................ 733,831.21 Warehouse Building ........................................ 24,446.87 Water mains ............................................... 159,650.94 Waterways ................................................. 34,643.38 Water rent ................................................ 72,207.50 West pavilion ............................................. 5,722.50 Widening and straightening river Des Peres ................ 115,159.78 World's fair terminals .................................... 454,824.81 ——————- Total .................................................. 16,729,755.48

EXHIBIT H.—Rent of grounds and buildings, April 30, 1905.

Washington University tract ............................... $750,000.00 Other tracts west of Skinker road ......................... 230,250.00 Catlin tract .............................................. 200,000.00 Sundry ground rents ....................................... 25,403.36 Coliseum .................................................. 18,666.66 Offices ................................................... 15,793.78 ——————- Total ................................................... 1,240,113.80

EXHIBIT I.—Maintenance and operating, April 30, 1905.

Care of buildings ......................................... $89,251.97 Electric and power plant .................................. 675,462.29 Electric power rentals .................................... 28,438.91 Fuel not yet distributed .................................. 2,299.43 Gas-light buildings ....................................... 1,474.16 Garbage cremation ......................................... 5,083.08 Maintenance of— Grounds ................................................. 77,902.63 Roads ................................................... 20,228.49 Lagoons, cascades, and basins ........................... 2,408.33 Fire plant .............................................. 3,499.69 Operating expenses: Buildings ............................................... 11,914.50 Landscape gardening ..................................... 24,365.86 Lavatories .............................................. 583.83 Waterways ............................................... 1,405.87 Miscellaneous ........................................... 5,308.30 Repairing buildings ....................................... 46,672.38 Refrigeration ............................................. 14,735.53 Removal of garbage and rubbish ............................ 21,227.60 Sewers, water supply system ............................... 1,824.17 Special police ............................................ 7,034.94 Telephone rentals ......................................... 29,102.97 United States Life-saving station ......................... 312.52

Total ................................................... 1,070,537.51

EXHIBIT J.—Exhibits division, April 30, 1905.

Aeronautics ............................................... $42,405.98 Agriculture ............................................... 77,382.24 Agriculture, live-stock section ........................... 281,275.37 Anthropology .............................................. 76,443.95 Art ....................................................... 131,138.89 Director's office ......................................... 145,899.05 Education ................................................. 49.684.59 Electricity ............................................... 52,934.65 Fish and game ............................................. 27,664.88 Forestry .................................................. 13,409.84 Horticulture .............................................. 91,174.48 International congresses .................................. 131,842.43 International jury of awards .............................. 109,882.62 Liberal arts .............................................. 45,094.44 Machinery ................................................. 61,686.62 Manufactures .............................................. 86,487.23 Mines and metallurgy ...................................... 85,042.23 Music ..................................................... 494,984.48 Physical culture .......................................... 87,876.53 Social economy ............................................ 42,376.81 Transportation ............................................ 54,438.62 ——————- Total ................................................... 2,189,125.93

EXHIBIT K.—Exploitation division, April 30, 1905.

Argentina ................................................. $29,958.08 Australia ................................................. 4,452.20 Alabama ................................................... 22.30 Arkansas .................................................. 98.41 Bureau of information ..................................... 9,728.37 Brazil .................................................... 16,789.30 Central American States ................................... 12,643.84 Cuba ...................................................... 5,503.48 California ................................................ 600.20 Colorado .................................................. 61.91 Connecticut ............................................... 689.77 Director's office ......................................... 22,865.10 Domestic office ........................................... 36,415.86 Domestic incidentals ...................................... 32,722.72 Delaware .................................................. 125.43 Dutch manufacturers in Holland ............................ 1,012.33 Egypt ..................................................... 5,432.26 Europe .................................................... 43,773.46 Eastern headquarters ...................................... 9,310.59 Emblem account ............................................ 1,035.38 Emergency exploitation .................................... 872.27 Fourth of July celebration ................................ 8,561.24 Florida ................................................... 1,019.40 Germany ................................................... 10,724.77 Georgia ................................................... 191.61 Foreign incidentals ....................................... 18,232.25 India ..................................................... 4,949.36 Italy ..................................................... 11,011.31 Idaho ..................................................... 80.60 Illinois .................................................. 22.05 Incidentals, various States ............................... 3,696.96 Indiana ................................................... 35.75 Indian Territory .......................................... 755.43 Iowa ...................................................... 164.03 Kansas .................................................... 15.00 Kentucky .................................................. 1,524.99 London ................................................... 17,807.78 Maine ..................................................... $94.25 Maryland .................................................. 671.66 Massachusetts ............................................. 264.14 Michigan .................................................. 1,339.55 Minnesota ................................................. 959.58 Mississippi ............................................... 193.05 Municipal exhibits ........................................ 52.55 Nebraska .................................................. 417.41 New England States ........................................ 78.00 New York .................................................. 657.19 New York, New Jersey, and Rhode Island .................... 455.90 North Carolina ............................................ 1,499.92 New Hampshire ............................................. 150.25 North Dakota .............................................. 317.96 Netherlands ............................................... 45.00 Oriental countries ........................................ 46,388.68 Ohio ...................................................... 429.80 Paris ..................................................... 11,229.17 Portugal .................................................. 1,384.62 Press representative to Europe ............................ 14,144.79 Pan-American Exposition Building .......................... 15,826.09 Press and publicity ....................................... 435,118.82 Pennsylvania .............................................. 241.10 Peru, Ecuador, and Venezuela .............................. 17,652.97 Rhode Island .............................................. 965.80 Russia .................................................... 600.00 South Carolina ............................................ 1,826.18 Southern States ........................................... 3,737.28 South Dakota .............................................. 123.85 South Africa .............................................. 945.33 Spain ..................................................... 2,261.23 Special Commissioner Buchanan ............................. 25,070.45 New York and Massachusetts ................................ 159.50 Special Commissioner Hayward .............................. 3,000.73 Sweden and Norway ......................................... 12,318.15 South Carolina and Interstate and West Indian Exposition .. 11,948.82 Saengerfest subscription .................................. 5,000.00 Tennessee ................................................ 697.51 Texas ..................................................... 159.00 Transportation day ........................................ 7,908.22 Vermont ................................................... 10.00 Virginia .................................................. 1,122.80 Windward Islands and Trinidad ............................. 1,200.00 World's Fair Fraternal Association ........................ 2,945.00 Dedication ceremonies ..................................... 233,341.16 Ceremonies ................................................ 2,744.13 Bureau of ceremonies ...................................... 39,693.86 Entertainments ............................................ 70,583.36 Receptions and entertainments ............................. 8,736.73 Competitive drills ........................................ 7,500.00 Pike day expenses ......................................... 9,190.57 Promotion ................................................. 5,928.26 Firemen's convention and tournament ....................... 2,814.60 Good roads conventions .................................... 2,286.35 ——————- Total ................................................... 1,327,337.11

Exhibit L.—Protection, April 30, 1905.

Fire department ........................................... $162,471.26 Medical department ........................................ 37,559.01 Jefferson Guards .......................................... 471,245.74 Custodian of buildings .................................... 2,354.07 Fire-fighting exhibit: Preexposition ........................................... 16,500.00 Exposition .............................................. 25,000.00 Insurance: Accident ................................................ $86,174.33 Boilers ................................................. 541.28 Buildings ............................................... 260,172.35 Contents of buildings ................................... 24,607.07 Miscellaneous ........................................... 1,404.90 Premium on Fidelity bonds ................................. 1,962.34 ——————- Total ................................................... 1,089,992.35

EXHIBIT M.—Concessions and admissions division, April 30, 1905.

Advance payments, concessions ............................. $27.00 Admissions department ..................................... 280,337.55 Concessions department .................................... 222,664.57 Collector's office ........................................ 36,756.99 Ticket account ............................................ 138.00 ——————- Total ................................................... 564,112.28

EXHIBIT N.—Executive and administrative division, April 30, 1905.

Auditor's office .......................................... $61,025.11 Collector's office ........................................ 36,756.99 Incidental expenses ....................................... 24,341.83 Legal department .......................................... 87,598.15 Local treasurer's office .................................. 12,703.22 President's office ........................................ 9,963.17 President's contingent fund ............................... 1,413.63 Secretary's office ........................................ 155,687.16 Supply department ......................................... 21,430.07 Treasurer's office ........................................ 29,954.53 ——————- Total ................................................... 440,874.46

EXHIBIT O.—Transportation bureau, April 30, 1905.

Director's office ......................................... $12,003.04 Equipment ................................................. 805.00 Intramural Railway: Operating ............................................... 59,578.81 Maintenance ............................................. 5,694.39 Operating department ...................................... 210,976.38 Traffic manager ........................................... 15,449.05 World's Fair terminal, maintenance ........................ 16,567.91 ——————- Total ................................................... 321,074.58

EXHIBIT P.—Money advanced, April 30, 1905.

Board of lady managers .................................... $3,000.00 Bolles, S. W .............................................. 153.10 Buchanan W. I ............................................. 71.02 Chase, C.A., paymaster .................................... 1,500.00 Emergency exploitation committee .......................... 152,986.49 Kurtz & Watrous ........................................... 8,000.00 Money changers at entrances ............................... 665.20 Moore, Thomas M ........................................... 1,100.37 Thompson, J.C., jr ........................................ 16.00 ——————- Total ................................................... 167,350.14

EXHIBIT Q.—Miscellaneous, April 30, 1905.

Accrued interest, city of St. Louis bonds ................. $35,901.34 Band contests ............................................. 500.00 Bond for rent of land ..................................... 540.00 Disbursement agent, United States Government .............. $8,500.38 Interest on bills payable and advances on capital stock ... 15,625.55 Inside Inn ................................................ 147.49 National Civic Federation ................................. 73.13 Operating expenses, sanitation ............................ 400.44 Press parliament .......................................... 1,132.90 Personal damages .......................................... 6,171.70 Postage ................................................... 21.64 Refund: Admissions .............................................. 405.20 Concessions collections ................................. 15,554.00 Grounds and buildings collections ....................... 1,656.97 Photo pass account ...................................... 1,154.00 Transportation collections .............................. 502.53 Sanitation ................................................ 430.90 Supervision of sanitation ................................. 382.19 Telegrams ................................................. 2,254.46 Refund, overpayment of capital stock ...................... 1,816.33 Ways and means committee .................................. 65.26 Million Population Club ................................... 20.00 Park restoration .......................................... 9,527.35 Park restoration, Art Museum .............................. 1,043.39 Salvage expense ........................................... 240.31 Damage to property ........................................ 5,269.00 Refund, season tickets .................................... 75.00 Special exhibit, Agricultural Hall ........................ 5,509.32 ——————- Total ..................................................... 114,920.78



Condensed statement showing estimated financial result of the exposition.

RECEIPTS.

Subscribed funds: United States Government ................................. $4,752,968.45 City of St Louis ......................................... 4,964.148.66 Individual subscriptions ................................. 4,839,867.28 ——————— $14,556,984.39 Loans: United States Government ................................. 4,600,000.00 Loan on stock subscriptions, etc. ........................ 438,000.00 ——————— 5,038,000.00 Less repaid .............................................. 5,038,000.00 ——————— Revenue: Admissions ............................................... 6,244,544.65 Concessions .............................................. 3,081,406.78 All other sources ........................................ 1,931,571.35 ——————— 11,257,522.78 ——————— 25,814,507.17

DISBURSEMENTS.

Expenditures: Construction .............................................$16,729,755.49 Less salvage 625,680.90 ——————— 16,104,074.59 Rents of grounds and buildings ........................... 1,279,913.80 All other expenses ....................................... 7,713,307.34 Estimated liability for restoration of site .............. 250,000.00 ——————- $25,347,295.73 Surplus, subject to liability on pending suits and claims 467,211.45 ——————— 25,814,507.18

The above condensed statement has been prepared from the accounts of the company to May 3, 1905, and from an estimate of future receipts and expenditures furnished us by the president of the Exposition Company.

JONES, CAESAR, DICKINSON, WILMOT & CO.

ST. Louis, June 12, 1905.



APPENDIX 2.



DISPOSAL OF SALVAGE OF LOUISIANA PURCHASE EXPOSITION.

State of Missouri, City of St. Louis, ss:

Before me, this the 16th day of March, 1905, personally appeared H.S. Albrecht, who, being duly sworn, on his oath says:

My name is H.S. Albrecht. I reside in St. Louis. Have lived here the past twenty-five years. I am engaged in business in St. Louis. In regard to the sale of the salvage of the Louisiana Purchase Exposition Company I herewith make the following statement:

When I saw by the papers that bids were requested for the wrecking and removal of certain exhibit buildings now on the World's Fair grounds I decided that I would make a bid on same. I submitted a bid on that part of the salvage to be disposed of as shown in the specifications prepared by Director of Works Taylor and on following buildings:

Mines and Metallurgy; Liberal Arts; Education and Social Economy; Manufactures; Electricity; Varied Industries; Machinery; Transportation; Forestry, Fish, and Game; Agricultural; Horticulture; four dairy barns, octagonal; live-stock forum; Live-Stock Congress Hall; stock barns; Steam, Gas, and Fuel Building, and cooling towers; Festival Hall; terrace of States, including pedestals and statuary; two pagoda restaurant buildings on Art Hill; four fire-engine houses; five toilet-room buildings; five band stands.

The time limit set for the removal of the buildings and debris was short—namely, three months—and no one could make a reasonable bid. I made my bid in the sum of only $50,000 for that reason, and accompanied same by a certified check for $25,000, as required by the Exposition Company.

The bids were to be opened at 12 o'clock noon of November 10. I, with a number of other bidders, was present in an anteroom adjoining the office of Mr. Isaac S. Taylor, director of works. The bids were not opened at the appointed hour, and we waited there for three hours and until 3 o'clock. We expected the bids to be opened in public, as is done by the United States Government and the city when they dispose of large properties. We were called into Mr. Taylor's office and were informed by President D.R. Francis that the bids would not be opened in public, but in private. I immediately arose and offered an objection to this mode of procedure, as I did not think it was the proper way to handle the matter. I told them what I thought of the whole proposition. My protest was a vigorous one. A Mr. Harris, a representative of the Chicago House Wrecking Company, immediately arose and stated that he desired to have his bid kept secret. Mr. Francis overruled my objection and sustained Mr. Harris. Mr. Francis asked the other bidders present what they desired as to the manner of handling the bids, and they all stated that the bids should be opened in public and not in private. Not only as a contractor, but as a stockholder of the Exposition Company, I demanded that the bids be opened publicly, in a straightforward manner. We were instructed to go out into the anteroom and remain until called for. About fifteen minutes later I was recalled alone to the meeting room of the salvage committee, where President Francis questioned me in regard to the $50,000 bid, and asked whether I could remove the property in the time limit set. I informed the gentlemen that I could make my bid considerably higher if I was granted more time in which to remove the debris. President Francis asked me how much more I could bid, and I told him I could not state offhand. The conditions as to the removal of the wreckage in the specified time, namely, three months, were somewhat prohibitive, as it would be impossible to fulfill the requirements without an enormous expense. It would be well-nigh impossible to get sufficient men and teams on the work to complete the same in the specified time. President Francis stated to me that it was probable that all the bids would be rejected. I requested him to ask for new bids, which were to be opened in public, or that the property be sold at public auction. I saw by the newspapers a few days later that all bids had been rejected, and my check for $25,000 was returned to me. I later saw by the papers that the Exposition Company contemplated forming a company among the directors and wreck the buildings themselves and dispose of the salvage. Later on I saw in the papers that the Chicago House Wrecking Company was figuring to buy all the World's Fair property, and was about to close a deal for the purchase of the salvage in the sum of $386,000.

No further information as to the sale of the salvage was ever furnished me, nor was any notice given me that further or additional bids would be received.

I had never at any time been furnished a list of the property for sale, and made my bid on the buildings as shown by the specifications prepared by Mr. Taylor, director of works. I requested a list of the property for sale, but was never able to get one.

As soon as I heard that the property of the exposition was to be sold to the Chicago House Wrecking Company for the sum of $386,000 I wrote a letter to President Francis as follows:

DECEMBER 5, 1905.

GENTLEMEN: Noticing in the daily papers that you will sell the entire property owned by the Louisiana Purchase Exposition, including railway tracks, exhibit and other buildings, fencing, furniture, wiring, lamps, piping, plumbing, machinery, etc.—in fact, everything owned by the company. If this is the fact we can pay you about $400,000 and perhaps more. Will you kindly furnish us a complete list of everything that you have for sale and specified time of removal, so we can give you an intelligent bid or proposition?

Very respectfully, SCHOELLHORN-ALBRECHT REAL ESTATE CO., Per H.S. ALBRECHT, President.

President D.R. FRANCIS and BOARD OF DIRECTORS ON SALVAGE, Louisiana Purchase Exposition, St. Louis.

I failed to receive a reply to the above letter or to receive a list of the property to be sold, and was not notified that further bids would be received therefor. As far as I know, none of the former bidders, nor any one else, for that matter, were given the slightest opportunity to bid on the whole property, except the Chicago House Wrecking Company.

There seemed to be a disposition on the part of the salvage committee to observe the greatest secrecy in procuring the bids and the awarding of the contract. The property was not properly advertised and lists were not furnished to bidders, as is customary in public sales, where large amounts of valuable property is to be sold.

From the contract between the Exposition Company and the Chicago House Wrecking Company, now a matter of record here, I have noticed the nature of the material and property sold to the Chicago House Wrecking Company, and had I been furnished a list of that property I would have bid $750,000, all cash, and would have made a great profit on it at that price. If the property had been properly listed and widely advertised, much higher bids would have been made. If the property had been properly advertised and had been sold at public auction, in detail, I am safe in saying that the Exposition Company would have realized more than $1,000,000 out of the salvage. In my opinion the property delivered to the Chicago House Wrecking Company was of the market value of fully $1,500,000.

H.S. ALBRECHT.



Subscribed and sworn to before me this 16th day of March, 1905. My commission expires on the 22d day of July, 1909.

[SEAL.] IRA C. MONEY, Notary Public, City of St. Louis, Mo.



STATE OF MISSOURI, City of St. Louis, ss:

Before me, this the 16th day of March, 1905, personally appeared Charles L. McDonald, who, being duly sworn, on his oath says:

My name is Charles L. McDonald. I reside in the city of St. Louis. Am connected with the St. Louis Steam Forge and Iron works. I saw by the St. Louis Globe-Democrat of October 17, 1904, that Mr. Isaac S. Taylor, director of works of the Louisiana Purchase Exposition, had requested sealed proposals addressed to the "Committee on Salvage and Sale of Buildings," for the wrecking and removal of certain exhibit buildings now on the World's Fair grounds, and that specifications and instructions for the above-mentioned work and drawings and specifications of the buildings to be wrecked could be seen at the office of Mr. Taylor. All bids were to be in Mr. Taylor's office by 12 o'clock noon of Thursday, November 10, 1904.

The specifications and instructions as prepared by Mr. Taylor for the wrecking of the buildings, and for which sealed proposals were requested, only applied to the following buildings: Mines and Metallurgy; Liberal Arts; Education and Social Economy; Manufactures; Electricity; Varied Industries; Machinery; Transportation; Forestry, Fish, and Game; Agriculture; Horticulture; four dairy barns, octagonal; live stock forum; Live Stock Congress Hall; stock barns; steam, gas, and fuel buildings and cooling towers; Festival Hall; terrace of States, including pedestals and statuary; two pagoda restaurant buildings on Art Hill; four fire-engine houses; five toilet-room buildings; five band stands; and excluded, or rather did not include, all electrical wiring, piping, plumbing, roadmaking machinery, fire hose in the various buildings, two hospitals complete, Jefferson Guards' uniforms and accouterments, railroad tracks in the various buildings, the Intramural Railway, which included all the equipment (except the cars), hothouses, horses, wagons, and vehicles of all kinds, and many other valuable items.

I submitted a bid on one of the buildings only. However, I was associated with Mr. Albrecht and others when he submitted a bid on all the buildings as shown by the printed list, and was also concerned with him in his proposition of December 5, wherein he offered $400,000 cash for the property, and more if a list of all the property could be secured.

The conditions embodied in the specifications and contract, with reference to the time limit for the removal of all the debris from day to day as the work progressed were too exacting, in that they did not allow sufficient time, and if the same were strictly enforced by Director of Works Taylor would materially add to the expense of the contractor. The time was too short for the amount of work to be done.

On November 10, at the hour called for the opening of the bids, I was present and appeared with other bidders before the committee on salvage. I, with a number of other bidders, waited until after 3 o'clock for the committee to get together and open the bids, and was very much surprised when President Francis announced that all bids would be opened in secret by the committee. This procedure was not in accordance with the custom of the Government and city in the handling of its property when same is for sale under bids. Mr. Albrecht objected to the bids being opened in secret session and demanded that they be opened before the bidders. President Francis asked me what I had to say about the way in which the bids were to be handled, and I answered that I could do nothing more than emphasize the protests of Mr. Albrecht.

I have been a bidder at many sales of both Government and city, property, and the method employed at such sales provided for the opening of bids in public in the presence of such bidders as desired to be present.

A few days later I saw by the papers that the Exposition Company had rejected all bids. After the rejection of our first sealed bids, I learned through another bidder, with whom I was interested, that the World's Fair officials had announced that it was probable that they would wreck the exposition buildings themselves. Upon this information I dropped the matter and heard nothing further about the bidding until it was announced that the Chicago House Wrecking Company had secured the contract. When I heard that the Fair Company proposed to do its own wrecking I thought it a good plan.

The carrying on of the bidding through private negotiations, as President Francis terms it, was not, I contend, the most advantageous to the Exposition Company and its stockholders. If they had given all the bidders an equal show in the matter, and had furnished a list of the property to be sold, much higher bids would have been obtained.

The secrecy with which the contracts were handled did not give the bidders a fair opportunity, and was, I believe, an injustice to the thousands of stockholders of the exposition. The United States Government, the city of St. Louis, and the stockholders were partners in the exposition, which made the fair unquestionably a public institution. Why, then, were not the bids opened in public, thus securing the largest amount for the exposition and for the stockholders? This was not done. If it had been the bidding would have been greatly stimulated, bringing results quite different. The salvage committee refused to allow the bids to be opened publicly before the contractors, but held them for their eyes only. This is not in accordance with the manner of handling bids on big public works. When the partial list of property was given out the requirements in the specifications almost made the bidding prohibitive. The Exposition Company demanded a check for half of the amount of the bid. In all my experience I have never before been asked to meet such a requirement. In itself that was almost enough to drive off the bidders. The Chicago House Wrecking Company put up less than one-fourth of the price to be paid, or $100,000.

I am of the opinion that had the Exposition Company properly prepared a list of its properties and holdings and furnished the prospective bidders with such lists and an opportunity for the examination of the articles mentioned therein, together with a reasonable period of time for removal of the buildings and debris, they could easily have obtained $750,000.

I have obtained a more comprehensive knowledge of the amount and character of the material and property since put into the hands of the Chicago House Wrecking Company, and am of the opinion that at the time the contract was made with the Chicago House Wrecking Company the property sold represented a value in excess of $1,000,000.

There was present in the office of Mr. Taylor, director of works, at the time the bids were to be opened the following members of the salvage committee: President Francis, Director of Works Taylor, John A. Holmes, Mr. Samuel Kennard, and Mr. John Scullin.

Had I been furnished with a list of all the properties that I have since learned was acquired by the Chicago House Wrecking Company I would have gladly submitted a bid in the amount of $500,000.

C.L. MCDONALD.

Subscribed and sworn to before me this 16th day of March, 1905. My commission expires on the 22d day of January, 1909. [SEAL.] IRA C. MONEY, Notary Public, City of St. Louis, Mo.



STATE OF ILLINOIS, County of Cook, ss:

Before me this the 28th day of March, 1905, personally appeared Mr. S. Krug, who, being duly sworn, on his oath says:

My name is S. Krug. I am a resident of Chicago. Have resided here for the past thirty-seven years. For the past twenty-seven years I have been engaged in the excavating and sand business. During this time I have also been engaged on contracts for wrecking large buildings. I wrecked the First National Bank Building, the Metropolitan Building, the Montauk Block; Hibbard, Spencer & Bartlett store, and numerous other large buildings in Chicago.

In regard to the sale of the World's Fair salvage at St. Louis I will make the following statement:

I was told by a friend of mine that bids had been requested for wrecking and removal of certain World's Fair buildings at St. Louis, and that specifications and instructions could be obtained from Mr. Isaac S. Taylor, director of works. For business reasons I did not wish the Exposition Company to know that I wanted to figure on the contract. I asked a friend of mine to procure a copy of the specifications for me. It was necessary for him to deposit $10 for the specifications. He sent the specifications to me. Mr. John M. Dunphy, who is in my employ, and I went over the specifications at length and studied them pretty thoroughly. The specifications only referred to exhibit buildings, band stands, fire-department houses, live-stock barns, dairy barns, Festival Hall, fuel building, terrace of States, and toilet-room buildings. On October 24, 1904, some ten days after we read over the specifications and instructions, Mr. Dunphy, Mr. Powers, and myself went to St. Louis to look over the plans to see the nature of the material and the construction of the various buildings. We went to Mr. Taylor's office and were informed that Mr. Taylor was busy and could not see us. Mr. Taylor's secretary, Mr. Carl Hoblitzelle, took us into an adjoining room. He did not ask our names, and we did not tell him who we were. While we were waiting in this room—I presume we were there about five minutes—Mr. Frank Harris, a member of the Chicago House Wrecking Company, came into the room. It looked to me as if he had been posted as to our, being there and came to see who we were. Mr. Harris remained there three or four minutes and then left. We asked the clerk in charge of the office there for the plans of the various buildings to be wrecked. He handed us two sets of plans—one for the Agricultural and one for the Horticultural Building. We requested more plans of him, but he said he was too busy to take them down and immediately left the room and remained out all the time we were in there. We went to the shelves and took out the plans ourselves and looked them over. After we had looked over the plans for a couple of hours we went out on the exposition grounds, and spent the rest of that day and the next on the grounds, and on the following day we returned to Chicago. The bids were to be in Mr. Taylor's office by 12 o'clock noon Thursday, November 10, 1904. Mr. Schmitt, my bookkeeper, and myself went to St. Louis on November 9 and were present at Mr. Taylor's office in the Administration Building before the hour of 12 o'clock noon, November 10. I had prepared my bid. At this time I only bid on the stock barns, live-stock forum, Congress Hall, Agricultural and Horticultural buildings. I also had a separate bid prepared for the Transportation Building, which I submitted. I took my bids and handed them to Mr. Carl Hoblitzelle, Mr. Taylor's private secretary. He placed them in his desk and said he would bring them to the attention of the committee when the time came to open the bids. Mr. Schmitt and I then went into an anteroom, where the other bidders were gathered. There were present at the time Mr. H.S. Albrecht, of the firm of Schoellhorn & Albrecht, St. Louis; Mr. Charles McDonald, of the St. Louis Steam Forge Company, St. Louis; Mr. W. Ware, of the Columbia Wrecking Company, St. Louis; a Mr. Schaeffer and son, of St. Louis, and Mr. Frank and Abraham Harris, who represented the Chicago House Wrecking Company. There were one or two other gentlemen present, but I can not now recall their names. Some middle-aged man came in with the Harris Brothers. He seemed to have free access to the room where the salvage committee was in session, and ran back and forth two or three times and held a conversation with the Harris Brothers in the hall. We expected the bids to be opened at 1 o'clock. It was now some time after 1 o'clock. We were all waiting there when President Francis came in and announced that they were going to lunch, and for us to come back later on. We all left the room and I with several other gentlemen went to get a little lunch. We were back in the anteroom of Mr. Taylor's office by 2.30 p. in. We waited there until 4 o'clock when Mr. Taylor's secretary came into the room and requested all the bidders to go into the room where the salvage committee was in session. The committee met in Mr. Taylor's office. President Francis, Mr. Taylor, Samuel Kennard, Mr. Holmes, and some other gentleman, I can not call his name now. President Francis arose and said: "Gentlemen, the bids are all there on the table and we will open them shortly." He asked how we wished the bids handled—that is, whether we wanted them opened in our presence or in a secret session of the Committee. Mr. H.S. Albrecht, of St. Louis, immediately arose and stated that he wanted the bids opened in the presence of the bidders present, as he wanted everything to be open and above board. All the other bidders present requested that the bids be opened in their presence, except Mr. Abraham Harris, president of the Chicago House Wrecking Company, who arose and offered an objection to the bids being opened in public, and stated that he did not want his bid to be opened in public, but wanted it opened in private, for the reason that he did not want everybody to know what his bid was; that if he was the successful bidder his bid would be published and everybody would know what it was, but if he was not the successful bidder he did not want it known what amount he bid. President Francis held a whispered conversation with several members of the committee and then turned to the bidders and said: "Gentlemen, we have decided to open the bids in secret session." He thus favored Mr. Harris and ignored the demand of the other bidders. Mr. Albrecht again demanded that the bids be opened in our presence. We were then told to repair to the anteroom and wait until called for. While we were waiting in the anteroom Mr. Taylor's secretary called Mr. Abe Harris into the committee room, where the salvage committee was opening the bids. He remained in there some little time. As soon as Mr. Harris came out Mr. H.S. Albrecht was called in. He told me when he came out that he had entered a vigorous protest as to the way the bids were being handled, and that he as a stockholder and a bidder had again demanded that the bids be opened in the presence of the bidders. Mr. Schmitt and myself were next called into the room where the salvage committee was in session. Mr. Taylor asked me if I knew a Mr. Schluetter, of Chicago. I told him that I was well acquainted with the gentleman, that I had done considerable work for him in Chicago, and that he had always paid me for it. When I made this remark President Francis looked at Mr. Taylor and laughed in rather a sneering way. I presumed from his actions that the Exposition Company had had some trouble with Mr. Schluetter. President Francis said to me, "Mr. Krug, you have some excellent recommendations here from prominent people and banks of Chicago." I told him that I was well able to carry out any contract I undertook, as I had good financial backing and understood my business. He said to me, "Mr. Krug, your bid is very satisfactory, but why have you not submitted a bid on all the buildings shown in the specifications?" I told him I had taken into consideration the insurance on the various buildings and that I was afraid I might have trouble in getting insurance on all the buildings, and therefore submitted a bid on buildings that were quite a distance apart and less liable to fire. I told President Francis at this time that I was willing to submit a bid for $76,600 on all the buildings shown in the specifications prepared by Mr. Taylor. My first bid did not include all the buildings shown in the specifications. I made this offer offhand. He asked me if I wanted to figure on wrecking the buildings for the Exposition Company on a percentage basis, they to own all the material and sell it and I to get a per cent for doing the work. I told him I would take it by contract for an agreed figure or would do the work for him on a percentage basis, and that I would be glad to do anything for him I could. President Francis said to me, "Mr. Krug, you put in your bid for $76,600 in writing and have it in this office to-morrow morning." We were then asked to wait out in the anteroom. We waited there until about 6 o'clock. At about 6 o'clock Mr. Taylor's secretary came in and announced that the meeting had adjourned until the next day. We all left the room then. At 10 o'clock the next morning, November 11, 1904, Mr. Schmitt and myself went to Mr. Taylor's office, where I filed my bid in writing for $76,600 to cover all the buildings shown in the specifications. We waited there until about 4 o'clock, expecting some decision from the salvage committee. About 4 o'clock Mr. Taylor's secretary came in and announced that the meeting of the salvage committee had adjourned until the following Monday.

The conditions embodied in the specifications as to the time allowed for removal of the wreckage were so prohibitive as to render it almost impossible to carry them out. The time limit—namely, three months—was too short. It would entail an enormous expense and waste of material to try to comply with the time conditions stated in the specifications.

The amount required by the specifications to be deposited in the form of a certified check, payable to the Exposition Company, viz, 50 per cent of the amount of bid, was very exorbitant. This check was to be forfeited to the Exposition Company in the event the successful bidder failed to enter into a contract with the salvage committee within five days after they accepted the bid. I consider the amount demanded, 50 per cent, very excessive, and it had the effect of frightening bidders away. A 5 to 10 per cent deposit is usually the amount required by the Government and the city.

The specifications also stipulated that the full amount of the contract, less the amount of the certified check, held and to be appropriated by the Exposition Company, must be paid to the Exposition Company at the time the contract is signed. I consider this out of all reason, and in itself would have a tendency to prohibit bidding.

The time-limit clause, namely, three months, from March 1 to June 1, 1905, in which all the buildings must be torn down and the grounds cleared, was entirely too short a time, and out of all reason, as it would be physically impossible for any contractor to do the work in the time specified, and no contractor would attempt it under the terms of the specifications unless he knew he would be favored with an extension of time later on.

The specifications appear to me to have been drawn up with the intent and purpose of discouraging bidders. In all my experience I have never encountered such requirements as set forth in those specifications.

I told Mr. Taylor and President Francis that the time limit was too short, and that I would be glad to make a much higher bid if they would extend the time. They said, "We cannot extend the time one day—the grounds must be cleared by June 1, 1905."

On the following Monday, November 14, 1904, I went to Mr. Taylor's office at 10 a.m. I was informed by Mr. Taylor's private secretary that all bids had been rejected, and that I would be notified if further bids would be requested. I returned to Chicago that night, and awaited some advice from the Exposition Company as to what disposition was to be made of the property, and if new bids would be requested. For fear that something might happen that I would get slipped up on, and the contract be given to some one else, I sent my agent, Mr. John M. Dunphy, to St. Louis, so that he would be on the ground and be in touch with what was going on, and told him to watch the papers to see if new bids were requested. Mr. Dunphy was in St. Louis from November 20 to 26, inclusive, and he informed me that during all this time he was unable to get any information as to what the Exposition Company was going to do with the property or whether new bids would be asked for. Mr. Dunphy was compelled to return to Chicago on the night of November 26. He asked a friend of his, a Mr. William H. Ranstead, who lives in St. Louis, to look out for news in regard to the wrecking of the World's Fair buildings, and if new bids were requested to notify him immediately by telephone or by telegraph. On November 28 I received a telegram from Mr. Ranstead, as follows:

ST. Louis, November 28. S. KRUG and John Dunphy, 167 Dearborn street, Chicago, Ill.:

Salvage committee met at 2 p. m. At the adjournment Mr. Taylor and President Francis called me in and wished me to wire you to come on first train. Everything looks well. Meet me at the Lindell Hotel before you go to the grounds. Also wire me in care Lindell Hotel when you leave.

W.H. RANSTEAD.

This message was received by me at about 8.40 a. m. November 29. Mr. Dunphy and I took the first train out to St. Louis. We left here at 11.03 a. m. and arrived St. Louis at 6 p. m. November 29. We met Mr. Ranstead at the hotel and talked matters over. The next day, November 30, Mr. Ranstead, Mr. Dunphy, and myself went to the fair grounds and called at office of Mr. Stevens, secretary of the Exposition Company. This was about 10.30 a. m. At about 11 a. m. Mr. Stevens took us to the room where the salvage committee was holding a meeting. Mr. Stevens did not remain in the room during the meeting. There were present President Francis, Mr. Taylor, Mr. Kennard, and Mr. Holmes, members of the salvage committee. After a short preliminary talk, we were told by Mr. Francis that we would have to put in our bid for all the buildings shown in the specifications, including copper wire and railroad iron, and that we would have to have the bid in by 4 o'clock that afternoon. It was then about: 12 o'clock. We protested against such short time for figuring on all the property shown by the specifications. I requested more time and told them I would be able to make an intelligent bid if granted more time. I asked President Francis to give me the figures on the steel rails and the copper wire, and stated that he should have the figures showing the amount on hand, as it was all bought by weight; that if I could get an idea of the amount of wire and rail I could get my bid in all right in time. He stated he could not give me the figures on the rail and the wire. Mr. Kennard then stated that I could put in a bid for the buildings that were shown in the specifications, including the intramural stations, the fences, and the bridges by 4 o'clock that day, and that I could have until Friday, December 2, to put in my bid on the railroad iron and the copper wire. I asked if it would be possible for me to get an extension of time in which to do the work, providing I secured the contract. President Francis stated that the time could not be extended one day. I then asked for a list of the property so I could figure on all of it. President Francis stated that they did not have any lists and that it would be necessary for us to go over the ground and get our own data. He stated to me then that there were 2,000 tons of steel rails. We then left the office and walked over the grounds and looked at the buildings, the intramural stations, the fences, and bridges, on which we were asked to submit a bid that afternoon. We did not look over the rail and the wire, as we thought we would have more time the following day for that. We went back to Mr. Taylor's office at 4 o'clock p. in. We waited there in the anteroom until about 5.30 p. in. While we were waiting in the anteroom Mr. Frank and Mr. Abe Harris, of the Chicago House Wrecking Company were closeted with the salvage committee in Mr. Taylor's office. While we were waiting there they came out of Mr. Taylor's office without their overcoats or hats on. They had left them in the room where the salvage committee was in session. Mr. Dunphy, Mr. Ranstead, and myself were then requested to enter the room where the salvage committee was in session. Mr. Frank and Abe Harris waited outside until we got through. The same members of the salvage committee present at the morning session were present at this meeting, including Mr. John Scullin, but Mr. Scullin only remained a few minutes after we entered the room. There was another gentleman present, but I do not know who he was. President Francis told me later that he was an insurance agent and that he held insurance on all the buildings then. I handed the bid, or rather Mr. Dunphy handed the bid to President Francis, who in turn handed it to Mr. Kennard, who opened it and read it aloud. The bid was for $101,000 for the buildings mentioned in the specifications, the intramural stations, the fence around the grounds (except the stadium fence), and the bridges. Mr. Francis held a whispered conversation with Mr. Taylor, and then turned to us and said that the committee had decided to let the contract that day, and that they would not wait until Friday for the bid on the other material, that is the rails and the copper wire, and that it would be necessary for me to put in my bid that night, as they would be in session until 11 p. m. I stated that I could not make an intelligent bid on such short notice, unless I was furnished with figures showing amount of rail and wire purchased by them. Mr. Taylor spoke up and asked me if I knew a man by the name of Evans, of Chicago, who was in the wrecking business, I told him that I did not know a Mr. Evans, of Chicago, who was engaged in the wrecking business, and that I was well acquainted with all the prominent wrecking concerns and contractors in Chicago but had never heard of or met Mr. Evans, the gentleman referred to. Mr. Taylor asked me why I could not get in a bid in the same time that Mr. Evans got his in, and stated that Mr. Evans had submitted a bid on all the property from Chicago by wire in three hours. I stood up then and spoke to President Francis and said, "President Francis, how do you know but that this bid of Mr. Evans may be a dummy?" President Francis arose from the table and stood opposite me, and, scratching his head, said: "Well, Mr. Drug, you have got me a guessing. There may be something in that."

President Francis said to me, "Mr. Drug, I made a mistake this morning in giving you the number of tons of steel rail; there are 4,000 tons instead of 2,000 tons of rail." I then told him that it would be impossible for me to give him any kind of an intelligent bid without some kind of a list of the property to figure on. President Francis stated that the matter would be settled that night and that I had until 11 p. m. to bring in my figures on all the property to be disposed of as shown by the specifications, and including the intramural stations, the bridges, the fence around the grounds, the copper wire, and the railroad rails. We then left the room, and as we were passing out President Francis asked our names and where we were stopping as they would call us up later on that day.

As soon as we walked out of the room Mr. Frank and Abe Harris of the Chicago House Wrecking Company went in.

We left the fair grounds immediately and went to the Lindell Hotel, where we prepared a new bid. About 7.30 p. m. we decided to put in our bid by telephone. Mr. Dunphy called up Mr. Taylor's office and was informed by the party who answered the telephone that the salvage committee had adjourned at 7 o'clock p.m. Mr. Dunphy told me that the salvage committee had adjourned, and I supposed they had adjourned to get something to eat and would be back shortly. I told him to call up again. About 8.30 p. in. Mr. Dunphy called up Mr. Taylor's office and was told that the salvage committee had adjourned at 7 p. m. and would not be back that night. About 10 p.m. he called up President Francis's residence and was inform that President Francis was not at home, and also received the same reply when he called up Mr. Taylor's house, and when he called up Mr. Holmes's residence he was informed that Mr. Holmes had gone to bed. We were unable to reach any of the salvage committee. were not called up that evening, nor did we hear anything from the salvage committee that evening, although we waited in the corridor of the Lindell Hotel until after 12 o'clock midnight.

During our conversation with the committee nothing was said about fire engines, office furniture and furnishings, hose carriages, fire hose, horses, buggies, wagons, steam rollers, roadmaking machinery, three steel greenhouses, with plants of every description, surveying instruments, engineering tools, two hospitals complete, 2,000 folding cots, 2,500 opera chairs, 400 revolving chairs, 25,000 kitchen chairs, 200 roller-top desks, 300 flat-top desks, 200 typewriter desks, the brick in the roadways, and the various buildings, or numerous other valuable articles and pieces of property.

About 8.30 a. m. Thursday, December 1, Mr. Dunphy, my agent, called up Mr. Holmes's residence to find out what Mr. Holmes knew about the disposition of the bids. He was told by some lady who answered the telephone that Mr. Holmes was on his way to his office. He came and told me that Mr. Holmes was on his way to his office. I requested Mr. Dunphy to go to Mr. Holmes's office and try and ascertain what the committee had done about the bids. Later in the day Mr. Dunphy came to me and told me that Mr. Holmes had told him that the contract had been awarded to the Chicago House Wrecking Company between the hours of 6 and 7 p. m. of November 30.

On December 3, 1904, I addressed a letter to President Francis in which I offered him $199,000 for all railroad iron and ties and all wire in and about the exposition grounds. I also, in the same letter, offered to pay him $101,000 for the buildings, fences, bridges, and intramural stations on the exposition grounds, which would total $300,000.

On December 5 I addressed a letter to President Francis as follows:

St. Louis, December 5, 1904.

Dear Sir: Since I have made an examination of the property belonging to the Exposition Company I find a great deal more property than was stated to me at your meeting last Wednesday. If you will furnish me with a correct list of the property I think now that I can make you a bid of from $400,000 to $450,000 for same, half cash, balance to be paid when property is turned over. I am prepared to make my bid in three hours after I receive a list of the property. Should my proposition meet with your consideration call me up at the Lindell Hotel and I will call for the copy at once.

Yours, truly, S. Krug.

Hon. D.R. Francis, President Louisiana Purchase Exposition Company, St. Louis, Mo.

I never received a reply to either of the letters referred to.

In the specifications as prepared by Mr. Taylor it was stipulated that a charge of $6 per car would be made for switching empty cars into the exposition grounds, while I notice the contract between the Chicago House Wrecking Company provides that only $3 per car shall be charged for this service.

The specifications as prepared by Mr. Isaac S. Taylor, director of works, provides that—

All bids must be made out upon blanks furnished by the director of works, and with each bid there shall be deposited a certified check, payable to the exposition, upon a responsible bank doing business in St. Louis, for the amount of 50 per cent of the amount of bid submitted, the sum indicated in said check to be forfeited to the Exposition Company in case the party or parties to whom award is made does not enter into contract with the Exposition Company within five days from date of said award for the work called for in these specifications and instructions—

while I see by the contract between the Exposition Company and the Chicago House Wrecking Company, which is of record in office of recorder of deeds, city of St. Louis, in book 1811, page 195 and following pages, that the bid of the Chicago House Wrecking Company was accompanied by a check for $100,000, which amount represented less than 25 per cent of the amount of their bid, viz, $450,000.

The specifications further stipulate that "A contract will be written by the Exposition Company for the faithful performance of this work, and upon the signing of same by the parties thereto, the full amount of said contract, less the amount of the certified check held and to be appropriated by the exposition Company, must be paid to the said Exposition Company by the contractor," while the contract between the Chicago House Wrecking Company and the Exposition Company, which is of record, provides that the Chicago House Wrecking Company shall execute and deliver to the said Exposition Company at the time the contract is signed four promissory notes three for $100,000 each, and one for $50,000, making a total, all told including the certified check, of $450,000, and allows them six months in which to make the payments.