The Archive · 1893

An Expensive Honour

It is already beyond question that the it cannot be a success financially. Conservative estimates place the deficit, to be borne by the city and State, at from six to eight millions of dollars. Others, however. atiinm that the money loss, and the natural reaction after the feverish expenditures of the present year, will deal a blow at Chicago's prosperity from which she will be many years in recovering. The Centennial Extubition at Philadelphia in 1876 was considered a financial success, and the amount to be returned to the government after the close of the Fair was only about two million dollars; yet it was three years before the city recovered from the commercial depression that followed on the Centennial year. And when the question of the location of the present Columbian Exposition was before the country for discussion, Philadelphians with one consent began to make excuse, and to exclaim "anywhere but at Philadelphia,"

Text read from the printed page and cleaned; old type leaves the occasional error.

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