Page:Pacific Monthly volumes 9 and 10.djvu/58

 ays. Few

J. C. COOPER. McMinnville, Or. COL. J. H. RALEY, Pendleton, Or.

of the Board of Directors

thought this to be possible, for no other city of Portland's size in the world had ever financed so large a public enter- prise in so short a time. Portland agreeably surprised itself, and the Ex- ecutive Committee had the pleasure of giving the city a fine Thanksgiving present in the shape of an Exposition company capitalized at $300,000 and the stock all taken. Hon. H. W. Cor- bett signed the stock list for $30,000, one-tenth of the whole. It was his generous subscription and the confi- dence in the Exposition which his con- nection with it inspired that gave the project its substantial support and as- sured its success.

When all the canvassers had made their reports, it was seen that the work of the two days had resulted in sub- scriptions amounting to $340,000. The achievement was noteworthy and it is one that will ever be recalled to the credit of Portland and the enterprise of its business men. The over-sub- scribing of the stock made an increase necessary, and at a special meeting of the stockholders, held February 14, 1902, the capitalization was put at $500,000. Subscriptions to date amount to $410,000.

Fifteen directors were elected by the stockholders at their first meeting held January 13, 1902, and the directors elected officers at their first meeting

held January 21, 1902. At the special meeting of the stockholders, held Oc- tober 6, 1902, the number of directors was increased to 25. Following are the names of the directors, the first 15 of whom have served continuously since the organization of the company. Unless otherwise stated, Portland is the residence of the directors.

H. W. Corbett. H. W. Scott. Adolphe Wolfe. Paul Wessinger. A. H. Devers. Rufus Mallor>-. John F. O'Shea. Leo Friede. Charles E. Ladd. Wm. D. Fenton. A. L. Mills. Geo. W. Bates. I. N. Fleischner. Wm. D. Wheelwright. F. Dresser. Samuel Conhell. T. C. Ainsworth. P. L. Willis.

James H. Raley, Pendleton. O. L. Miller, Baker City. J. M. Church, La Grande. Asahel Bush, Salem. J. C. Cooper, McMinnville. Geo. W. Riddle, Azalea. P>. Van Dusen, Astoria, f-^ 1