es 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.

The specifications further required--

That a surety company's bond for an amount equal to the amount
of contract must also be given to the Exposition Company by the
said contractor to protect the said Exposition Company from loss
during the execution of the work and for faithful performance
contract--

while the contract referred to shows that the Chicago House Wrecking
Company furnished a bond in the small sum of $40,000, or less than
one-tenth