3 of the letter from President Carter, dated February 28, 1905.
Tenth. That the specifications were misleading, in that one item
of copper wire, valued at $650,000, was omitted; also 5,000
(500,000) electric lights, 5,000 tons of iron piping, 3,500 tons
of other piping, the railway system on the exposition grounds,
the fire apparatus, etc., were omitted.
Answer. The Exposition Company purchased under contract with the
American Steel and Wire Company, dated April 3, 1902, copper
wire to the amount of $320,160.33. The estimated salvage under
this contract as furnished by the electrical engineer of the
Louisiana Purchase Exposition Company on or about November 14,
1904, was $121,753.68. Of this estimated salvage the sum of
$46,700 was based on the presumption that the Exposition Company
could sell in the open market the copper wire in its storehouse
that had never been used. The contract with the American Steel
and Wire Company, as read to the National Commission, provided
that wire in good condition should be taken back by the American
Steel and Wire Company at 55 per cent of its original cost.
Owing to changes in the head of the electrical department, Mr.
Rustin being compelled to give up his position on account of
sickness, and owing to changes made in the plans for electric
lighting, the Exposition Company at the opening was in
possession of this quantity of unused wire, estimated in the
salvage to be worth $46,700, if sold at the market value, but
worth to the Exposition Company $23,860 if it was returned to
the American Steel and Wire Company under its contract at 55 per
cent of the original cost. The Exposition Company claimed that
this unused and unpacked wire should not be returned under the
contract and endeavored to sell it. The company was prevented
from making sale by an injunction taken out by the Chicago House
Wrecking Company. The Wrecking Company had purchased the Steel
and Wire Company's rights of salvage under the contract of April
3, 1903. This injunction was pending in court at the time the
sale of salvage was negotiated in November. If the contention of
the Chicago House Wrecking Company was sustained it would have
reduced the estimated salvage on the copper wire to $97,893.68.
The purchase of the general salvage by the Chicago House
Wrecking Comp
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