•2r)8 IOWA DEPARTMENT OF AGRICrLTURE 



committee be deemed necessary. The board should, however, at 

 this meeting, authorize the committee to negotiate said loans. Not 

 much can be done in the way of improvements the coming year ; 

 there will, however, be some needed improvements to he made that 

 can be taken care of out of the loans. The financial condition is not at 

 all alarming, for in my judgment it will not he necessary to open 

 the next fair with an indebtedness outside of regular fair expenses 

 of from $8,000.00 to $10,000.00. AVith a net profit of $38,000.00 in 

 1906, $25,000.00 in 1907, $44,000.00 in 1908, and $28,000.00 in 1909 

 with unfavorable weather, there need be no occasion for alarm in 

 regard to our finances. I might have mentioned a few minutes ago 

 that in addition to the quarter of a million dollai's [)ut iiiti) improve- 

 ments out of fair receipts in the })ast nine yeai's, tlia aggregate 

 amount paid out for increased premiums in that period has been 

 over $90,000.00. 



The work of preparing and adopting a permanent arrangement 

 for the grounds is of so much import aiice that I would deem it 

 unwise to delay action longer, and definite action should be taken 

 by the board at this meeting to commence this woik. A number of 

 manufacturing companies are clamoring for space upon which to 

 erect buildings. Locations for these purposes cannot be granted un- 

 til some permanent plan is adopted. Owing to the fact that not 

 much new work can be done by the board, we believe it is a good 

 time to have some private buildings erected. It is also a fact that 

 the implement and machinery manufacturers were never so pros- 

 perous and are in a mood to erect buildings for exhibition purposes, 

 which they will not be at the first indications of a falling off in their 

 trade. 



Mr. Legoe offered the following resolution and moved its adop- 

 tion, which motion prevailed: 



Resolved, That the management of the Iowa State Fair be delegated to 

 the Executive Committee together with other members of the State Board 

 of Agriculture, as provided in Section 1657-1 of the Supplement to the Code 

 of Iowa. 



The board proceeded to elect a secretary and a treasurer for the 

 ensuing year. 



Mr. Legoe moved that J. C. Simpson be elected secretary for the 

 ensuing year and that the compensation for his services be the same 

 as for the past year. INIotion prevailed. 



Mr. Curtin moved that G. S. Gilbertson be elected treasurer for 

 the ensuing year and that his salary be the same as for the past year. 

 Motion prevailed. 



