, 1861-04-09
CHICAGO, TUESDAY, APRIL 9, 1854.


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/ 1NkUEURATIQN Anil 81 E4E4 II -
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! INAUGURAL y aepkess ef 1hA fhhs'Dh'4'
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t- Announcement OF ton1naAtsee1s
-. = 80
Tbn -;at,,i.,r nj, rnonthiT naetjna IF tAa foa=d
~" teaA Ae1' ni"n'H's Da0os VI tae ooaio
Of Trade last evening was numerously attend
| a. ,t}e+an1,nor Tho etnfi7nv <ueather 1bs
Board Has called to order, President L. 7.
Mum in the cheIr. at eight O'clock. and Br,
NV ;,nmaa,a+o1a .hs-esfts. ,n,aa 49,,
va1eifctnrv address thanking tba rneinnherx fnr
r., ~
f;the1r courtesy and numerous Rlnanesses to-
- - 49, ~ 49,. a-as - sazs-a..7 - ~.
/ year. II t1ey Aao etse4 Ii coAauct1Hg tue a.
| fairs Of the Board, It Was from an error of the
Judgment, not OF Inc heaft~ he said, In con.
| ciusfon that If the Board Of Officers retired
/ f-or,, +,o,r seata a,;th 1aaa nnmbar IF ere.
| Hom tneiF BELLS WILL 1ess nuniper ol eAe-
| mics than they had when they entered upon
{,.r.,u:aut;., IT, +o,1d -..+ 70, faot7., -a+,a-
| tuelI uotles' enes Houlu 1eos pe'1eens eat17'
! fed. Mr.. Mum then introduced Stephen
ClaEy, ESQ.,, the presiding officer elect, who
spoke 81 fdll9Wst
| .
| MR. CLARY'S INAUGURAL Address.
Gentlemen Of ths Board Of Trade The fame
! of your Organization is eo-e1tensive with the
/ Northwest. From the smaQ beginnings Of ten
| years eince, yon have grown to be power among
men, and your influence is felt and acknowledged
| by the whole community. In the astonishing
f51o 1anf
! of Century, there fs no more marked improve
nsnt than in the manner Of doing the grain and
produce business: The effectiveness Of Boards Of
Gevelahd Chicago not being then thought oil
no such organizstfoas existed, and when few sa2
length thro:ga the ltberaiity Of one Of her citi-
ssas built an Exchange and an impetus Eas gise9
to o nsef1lness I " Vas g. SLOW, Chicago followed, and
like Il! her undertakings, gigantlc results have at
The Preamble to your Rules and Regulations re-
cites that, Having uest1e to advance the COM
mercial character and promote the NAM acturin9
Interests of Chicago, aid wishing to ipculcate usf
aud eouttable pr}nciplea ia trtde, establish and
maIutafn unffor1nitv In the commercial upagee Of
lhecity, acquire preserve and disseminate yaiua-
BILE business information and with view to avoid
and adust as far ar practieable the controversies
and misnnderstaniings uhich are apt to arise BE-
tween Individuals HDrAUfd trade when they have
no aeknoEiedeed rafes TO guide them, do aeree,"
DC, DC
How far we may have been successful In accom-
In our admirable system Of Inspection 50 happily
inauauTated hY M: Rumsey's aduinistratton. aud
80 succesafuliy continued under MI Mum ID the
adistions tn nnr numbers Of the manufactprers Of
Chicaqo and he ear1estness they feel IN our sue
cess In the few mfauuderstandiups that occur
among IL, and the readiness With which all Of our
members look to an adjustment Of occasional dff
rNah hH 70
Bosrds 's ~ 'n' e'1'AA'0"e" "1SA0A' ''A'' ~ 'A7
In October last the whole Northwest gave prom
ise Of 4 year OF unusual thrift. The Wheat crop
had been harvested m and tie corn was known 10
exceed that Of any other yegr A foreign demand
was certain and The most lively anticipations were
eusQed came near foy1Iying Us in common ruin
Tha cionds h.ve mt vat 1ssnneared and evil nor-
tnts ne c ~ havs s vTes IF The
n the erent IF atate ~ war at the SnntF and
censed1ent blockade. practically. Of the mouth Of
the Mfssisefpni. # INV be expected that vast
trade viii he carried On through Chicago Of the
pproner that nnr nrpanfxstfon shall eiye toue and
SSirection % to sue, : stats Of thiness HappiIy we
are TOO far removed from the scenes where the &C.
W. nav hs tHe rainers vs. can but den1ore the
seeuaing necessity Of a resort to the arbitrament
ne s M 5 na sand u II
throw' omr infinance and nnr nower anon the sfde
Of rieht' I orranized bodies Of men have aver power to
E te ena II II be 5a .e
tion OF nubc optufon in reference to questions OF
trade and commerce, than to tho Board Of Trade
Let eyery man, then, connected with this institu-
ti1n inform hmself fi,}1y. and he ready to act as
crcnms mstances nav REQUIRE. In the eyentful chang
es that may arise IN The dtful future
recnmmeniafinns to make. The ahle renort Of the
Resnd nf nirectors fr The last year is before YOU.
r rsYhih3ts f1arterinp statement ~ the roniitinn
- ~ Tresanr1 and anccinct enitnma nf nnr
n fionrish!ns cnndttfon'
IF IA to ha honed That the new Board mayxettre
our % atfaiis n n as sas gooG eo - shape. @
Our gystom Of Gl ain Inspection look upon az
nearly perfect as circumstances will admit, and
It vii be necessary to make some slight change,
it fl to be hoped that no radical alterations will be
made,
Direc.ors in ali inetitptions are degirous Of max
ing improyements upon 9 systems Of those who
have preceded thein, and while there should be
# il n he hnned that nd geriou8 fnnoyations vii
be- made upon system that has engaged the pro
found attention Of 30 many Of our best members,
9 a9d atsa .ass stae'y aud uniformity will be the rule
Your Board Of Directors, gentlemen, are your
financial and business agents. and while they
shou]d frenefaJIy consult yout views in matters
where there nav be a variety of opinion it ia
proper that you should support and e1etain them
when they DO take action' fq matters affecting the
that enirit If faction Ia famed into rreat excite
ment hp on nnnnsftinn- IN some couFse that fhe
niractor. 1naT kave ni1nntad where thev have.
iyen mere t;1ne and attention To The subject than
The whole Bpard are enab1ed to give, 1 case in
uont IA ha recent order Of the old Board in rela,
lion to tue tables. A visitor wouId have inferred
from the spirit of the dcbate tie Other evepfpe
on this aubiect that some great outrage had bee1
perpetrated white the resRit Of ths sale eriuced
that there were tables enough for all that wanted
them.
Uruer II u Heayeng first law without order
In our nroceedinrs We become an fncoDgruous
mass. shnnld onT nuestion ariae dnrfnp ma eneu-
Ing yea1, as exeitabfs as in the past lave to re-
IL snas ~ al m na,
mentary rnles observed. Dy a determination on
bn ,e IF oa %
msy be preserved from contempt, and al questions
have r heen @ @repHested % to ca1, your attention tn
the tnpise and confusion Of our meetings on
tea e and hava '@a nv W IT. ~ snoas
that each member viii not forget In bis appeaTance
az encA tines That ne ts supposed 70 De among
gentlemen, and govern himself accordingly"
fo4 are Al! aware, gentlemen, that our da1ly
nleettnge are des1gaatep by outsiders ae bear
garden, " where men are taken In and dong loI:"
!! 8m Happy 70 congratulate you upon tue OBVIOUS
Improvement In thns respect, and that the vacant
places Of many of our previous ;. short operators
are ~ 4oW ~ filed oy legitimate business men a.,
y nlie tnefe may De noGaang iegaiiy "song IN tae
system tha5 has prevailed among us to such az e
Ientr ol "enut opetAEoQer tne experience oI the
9sst nys years mas fny demonssrated taat II Is
dangerous noslneas and when c3fflen oat 70 l,s
logical conel1sion Is sure to end IN i!retrieyable