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the king's equestrian statue was occasioned by two circumstances.

First, by the time of the king's
second trip to Europe in 1907, the ananta Samakhom project was under way, and because of this, the
area arond the building site was cemented and linked to Ratcha Damnoen Avenu. Second it was then
more than one year before the fortieth anniversary of reigh, and the king had given a mandate to the
crown price to consult with the ministerial council to organize the celebrations. Celebrations had already
been held for the Bangkok centenary and the king's return from this first European tour in 1897, but now it
was felt that, given the special occasion, something really special had to be done. The king had pursued
the development of the country and the welfare of the people ; for this, Siamese of all races and
languages donated money in grateful recipocation to the king, who could use it according to his wishes.
The Ministry of Municipal government had the task of promoting the initiative among the people of
Bangkok and the ministry of interior among those in the provinces, according to two principles,
donations, even those of a few satangonly, should be voluntary; and everybody must be informed of the
initiative and given the opportunity to make merit. From the council of ministers came the proposal of
erecting a memorial to the king's fame, but it was agreed to wait until the amount of money collected was
known before making any decision.
While the contributions were being solicited, the news came from Europe that during his visit to
Versailles, in France, rama V was very impressed by the questrian state of Louis XIV in front of the
palace, and commented that an equestrian statue of himself in the open space where Ratcha Damnoen
Avenue joins the grounds of the Ananta Samakhom Throne hall would look majestic, as much as those
found in many European countries. The cost for such a statue was about 200,000 baht. At the same time,
it became clear that people were happy to contribute and a large sum was being collected. The council
passed a resolution, and the crown prince informed the king that the equestrian statue would be
presented to him as a token of gratitude by the siamese people on the occasion of the celebration for
the fortieth anniversary of reign. Rama V gave his approval, and this is how his equestrian monument
came about. After the statue was paid, there was more than one million baht left, so the crown prince
informed the king, who said that the money should be used for a building of public utility, however, no
decision was taken before Rama V's death. After Vajiravuth ascended the throne, he decided to use that
money to building Chulalongkorn university. The ceremony of unveiling, including the address of
dedication of the statue and the king's reply, was recorded in the roal gazette.