Resolved, That the special auditing committee heretofore appointed be, and said committee is hereby, directed to inquire into and report to the Commission at its earliest convenience the true situation concerning the financial condition of the Exposition Company in the matter of cash receipts from different sources, including receipts for admissions and concessions and other sources; also all disbursements of any nature made by the Exposition Company.  They will also examine all advertisements for bids; also all competitive bids submitted by contractors under each advertisement, and compare the accepted bids with the rejected bids, and determine if the accepted bids are reasonable in comparison with the material and service rendered.  They will also prepare a comparative statement showing all bids submitted, and a copy of all contracts as finally awarded.

It is the wish of the Commission that you, as chairman of the special auditing committee, proceed with as much expedition as possible to make the examination and secure the information as set forth in above resolution.

Owing to the magnitude of the work of auditing the books of such an immense enterprise, Mr. Scott engaged the services of Jones, Caesar & Co., expert accountants, of St. Louis, to make the investigation under supervision of the committee.

On June 23, 1903, the special auditing committee made a report to the Commission, and at various times thereafter submitted other reports of the financial standing of the Exposition Company, based upon the findings of the above-named firm of expert accountants, all of which are in the files of the Commission.

The last report of the expert accountants employed by the Commission, containing a statement of receipts and disbursements of the Exposition Company from date of its incorporation to date of April 30, 1905, together with a condensed statement compiled by said expert accountants, showing their estimate of the financial result of the exposition, which they state has been prepared from the accounts of the company to May 3, 1905, and from an estimate of future receipts and expenditures, furnished by the president of the Exposition Company, is herewith submitted as a part of this report as “Appendix No. 1.”

The Commission was compelled from time to time to call the attention of the Exposition Company to the apparently excessive number of free admissions in comparison with the total attendance at the exposition.

On May 10, 1904, the Commission wrote to the Exposition Company, pointing out that for the first seven days of the exposition, with the exception of the opening day, the number of free admissions compared with paid admissions was in the ratio of 7 to 6.  On several subsequent occasions the Commission insisted that prompt action should be taken to check the indiscriminate use of passes.

On May 24, 1904, the Commission adopted the following resolution: