Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-07-15
LABOR CONVENTION
Second DAYS PrOceedings---RepOr
of Committees.

Tho Convention assembled at ~
O'Clock. The reading of the mlnu'es
was dispensed with. rom
A printed circular was taken nO
the Secretary's table, from me nGGon
~ CoDoTissioner of Immigration,
which was ordered to be reau.
,otion IN reconsider the Vote 50 Vi
in1inn Dos made. but voted down,
- Gan Marcus j. Wright, readlhg
anu nroceeded to read the docu-
$3.50 extreme length forbids its
n~nSnoduction in u columns. During
~ reading Mr.. Cherry rose to point
oF i The Chair decided that the
4 was entirely in order, mas
,onob as the document was ordered 90
he read by vote of the COnvenuon
Gen. Wright therefore continued ana
finished the communication.
Judge Sutton announced that the
Louisiana delegation, which he spoke
of expecting yesterday, CIuesday),
were then present. He moved that
thew be apportioned to the various
committees, and that their names be
presented to the Secretary and en-
rolled. Adopted, and the apportloh-
ment made accordingly.
Judge Sutton further requested thal
they be furnished with certificates OF
attendance, in order that they might
collect the portion of their expenses
allowed them by the State OF LOUISE
ana.
The Chair, in reply, said that blank
certificates were in readiness at the
| Secretary's desk, and would be issued
- Ill x-ho onn1iad for thpm-
The Chair suggested that if there
were any States represented in the
| Convention, but not appOrtloned TO
the committees, he hoped the dele
| gates would make the fact known and
| the apportionment would be made.
Col. John Martin, of Kentucky,
| said that Kentucky had not been rep
| resented on the committees raised d
previous day, and he would move
/ that the Hon, Lawrence Trumbull De
| added TO the Committee on Chinese
| Immigration and AIaj. d.. O.. Green 10.
/ the Committee on General lmmlgra-
/ ton.
Motion adopted, and the addition
made.
The first regular business in order is
/ the
REPORT OF STANDING COMMITTEES.
Gen. Pillow, Chairman of the FL
/ nance Committee, reported as follows:
MEMPHIS. Tenn, July Il, 1869.
| To the President of the Memphis Immi-
grafton Labor Convention, now in ses-
sion:
The Committee TO whom was referred
| the duty of reporting some feasible plan
for meeting the wants of the future, in
/ .-,.-.,+s.-, v-frh eha urrnD1v~ of 1ahnr have
had that subject under consideration, and
] direct the undersigned to report for the
/ consideration of the Convention, that in
| their Judgment the only feasible plan Is
| TO organize a stock company, with a capl-
/ tai Of one million of dOllars-subject to be
increased, if necessary, 10 two millions
II is proposed, at present, to organize this
company under private articles of assoeia-
ton; but to procure, at the earliest practi-
| cable moment, a law of the State legaliz-
ing the company as a corporation.
That no time be lost, your Committee
recommend the opening of stock books at
| once. and in this Convention; and that all
capitalists and planters, friendly 10 the
objects Of this Convention, be invited TO
/ take stock and join this organization.
They propose that the books for sub
| scriptiOu of stoaaE be kept open until the
! 18th dav of August next, upon which day
the stockholders shall meet in the han for
the purpose Of organizing the company.
This organization may take place when
the sum of one hundred Thousand dollars
is subscribed.
= 1t is proposed that each share shall be.
one hundred dollars, and shall entitle the
owner TO one vote in organization, n in
| all things affecting the action of the COM
pany, and that each stakeholder shall
have a vote for each share he may sub
| scribe and pay in, as provided by n calls
of the President and Directors OF h COM
pany, and at the time Of the organization.
In the election Of a Board of Directors,
the payment often per cent. on the dollar
| of all the stock subscribed shall be neces-
I sarv to entitie the shareholder 10 vote in
| the election OF the Board OfDirectOrS-Of.
whom it is proposed to elect seven.
When so elected, the Board of Directors
shall elect one Of their number President.
They shall also elect a Secretary and
Treasurer of the company, each Of whom
shall be a stOckhOldeF-Owning not less
than ten shares.
When the company is thus organized 1t
shall have, by its Board of Directors, the
power TO call in the stock subscribed, pro-
vided ID shall not call in more at one time
than ten per cent. provided, also, that it
shall not call oftener than once in each
thirty days. All stock not paid in when
called for shall be forfeited TO the com
panV. The Board ofDirectOrs shall adopt
a. nENN-HGAN AAC3AAo 1AAA % w u
Their the objects of the organization
which is to bring into the country as many
immigrant labOreTE as possible, in the
shortest time.
In supplying planters with laborers, the
President and Directors shah give a pre-
ference to stockholders over those who
are not; and in supplying stockholders
with laborers, all other matters being
equal, a preference shall be given to those
who tirst apply for them to the Board of
Directors, by written application, filed
with the Secretary of the Company. But,
inasmueh as the successful work of the
organization viii require the dctiUe use
of its capital, cash will be required in all
cases, from those with whom laborers are
placed.
Your Committee recommend the ap-
P0intment at once of d special committee, |
whose duty it shall be to prepare and re- |
port 70 this Convention articles of associ-
alton for the government of this organiza-
tiOn-tiXing the rights and responsibilities
of its members, n defining and limiting
the power of its Board Of Directors, so |
that those who subscribe stock in the
Company, may know these rights and re- I
spOnsibiitieS.
These suggestions are considered by |
YOU committee as covering the main fea- /,
lures necessary TO be provided for this or !
ganization, and / am directed to report
thCH- 90 WV GtAa4AhA'No lhNSLltAt VI your |
Committee, for the consideration OF the |
Convention, to whom they are respectful
~ submitted. GID. J. PILLOW,
Chairman Finance Committee.
Gen. Pillow, after reading the re-
port, said that he did not intend to
occupy the time of the Convention
with speeches; they were assembled
for work. This report, he said, was a
mere skeleton to which the flesh and
muscles would be added by the arti-
cles of association. 1t simply en-
braces the thoughts of the committee,
and when put in shape was, so to
speak, the motive power of the assO-
citation. He suggested that a COM
pany be formed with a capital OF halfl
d million, to commence with. This
company IS to place reliable agents,
one at san Francisco and the other at
New York; these agents shall bring
into competition the companies en-
gagged IN the transportation of immi-
grants from Europe, and the Pacific
If we can command the
capital to pay all the charges of the
immigrants from their homes toI that
point, and thence to the points where
they are wanted, they viii be able TO
supply the planters of the five States
bordering on the Mississippi river
with all the labor that thew
uranf oA 90 - - ~ Il