CALIFORNIA: Cut-Rate Golden Gate

When the "Golden Gate International Exposition" shut up shop last year, it was $4,166,000 in the red. (First year's liability of the New York World's Fair: $23,982,806.) Last week, when the San Francisco Fair stepped out for another try, about 60% of its disillusioned creditors had accepted a settlement of less than 20 cents on the dollar. Those who stuck, in the hope of getting a better settlement after a better season, based their hopes on:

> The San Francisco Chamber of Commerce's president, dark, mustachioed Marshall Dill, and young, Hollywood-handsome Vice President...

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