Word: nonstock
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Dates: during 1937-1937
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...privately-conceived and financed attempt by New York businessmen to drum up new trade. Inspired by the success in this respect of the Chicago A Century of Progress in 1933-34, 118 leading New Yorkers in 1935 formed New York World's Fair 1939 Inc., a nonprofit, nonstock corporation whose officers get no remuneration. New York City is crashing through with about $25,000,000, New York State with $10,000,000, but this is not a subsidy, for a large part of the money is being spent in basic improvements and reclamation of the Fair site which will...
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