Chicago: its history and its builders; a century of marvelous growth . esolu-tion approving the plan of making an appeal to congress for a loan in aid of the ex-position. This, however, did not meet with the approval of the directory. Theirplan was to secure an appropriation outright rather than a loan. They did notconsider it proper that the government, in granting financial aid to this nationalundertaking, after the city had expended over ten millions of dollars upon receive in return a first lien upon the proceeds of the entire investment,thus exhausting the companys capacity to b
Chicago: its history and its builders; a century of marvelous growth . esolu-tion approving the plan of making an appeal to congress for a loan in aid of the ex-position. This, however, did not meet with the approval of the directory. Theirplan was to secure an appropriation outright rather than a loan. They did notconsider it proper that the government, in granting financial aid to this nationalundertaking, after the city had expended over ten millions of dollars upon receive in return a first lien upon the proceeds of the entire investment,thus exhausting the companys capacity to borrow, which would still possibly benecessary before the fair could be opened and the returns begin to flow in. Whatthe company insisted upon as the proper expression of the financial responsibilityof the government for the exposition was an appropriation in its aid without anyrequirement as to repayment. Little doubt had been felt that aid from the national government would be forth-coming, provided tin company fulfilled its duty, administered its affairs properly,. I
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Keywords: ., bookcentury1900, bookdecade1910, booksubjectchicago, bookyear1912
