ANNUAL MEETING AT LEXINGTON. 2-15 



Represeiitiug already premium creditors to the extent of one-fifth 

 of the premiums due, I am satisfied that with still further co-operation 

 on the part of creditors, I can obtain a settlement on the basis of fifty 

 per cent, cash on the amount of your approved premium claim, to- 

 gether with the issue of the diplomas or certificate of each award made 

 to you, and of the official bronze medal where medals were awarded. 



I remaiu yours, etc., 



WM. H. H. JUDSOi^. 



New Orleans, August 25, 1886. 



To Premium Creditors of the World's Exposition : 



Since my circular to you of May 27th, last, explaining the financial 

 condition of the World's Exposition, there have been no developments 

 of special interest to you. 



I can at any time secure to premium creditors fifty per cent, cash 

 of their admitted claims, as well as the issue of diplomas or certificates 

 of award, and of the official bronze medals, when any kind of medals 

 (either gold, silver or bronze) have been awarded. This is the best 

 that can be done at this time. My charge for such service as will be 

 seen from the terms of the blank authorization herewith enclosed, are 

 comparatively trifling. Very truly, 



WM. H. H. JUDSOX. 



Xew Orleans, Sept. 13, 188G. 



Dear Sir : From recent developments I am constrained to ma- 

 terially change my opinion concerning the ability of the management of 

 the World's Exposition to pay their liabilities in full. There have been 

 no claims settled except upon the basis of fifty per cent., and they pos- 

 itively assert that they will not settle any claim on any more favorable 

 terms, and that if it were possible in case of the most fortuitous cir- 

 cumstances, to pay more than fifty per cent., that those who have ac- 

 cepted the fifty shall share equally in the benefit of the surplus. 



I place these facts before you. In my judgment it is policy to ac> 

 cept the fifty per cent, without delay. It is mortifying to me to be 

 compelled to give such advice, but I am doing that which I conclude 

 to be for the best interests of those I represent. 



Yours, etc., 



WM. H. H. JUDSOX. 



