The New York herald., 1869-03-10
NATIONAL STOCK EXCHANGE.

About 900 members OF this association were
present yesterday at the meeting held at 81 Broad
street, and the fact Of large audience being in
attendance may be attributed to q rumor having
gone the round Of the brokers that Mr. James Fisk ,
would be present and would make some Important
statement. In this, as win be seen. no one was dis
appointed.
On the meeting being called to order by the Vice
President Mr.. c. C. Parks, the Secretary read tho
minutes Of the last meeting, which were approved
and reports from standing committees called for.
decision in the course OF debape the Executive
Committees report was arrived at viz.:-That
the nrst board will be opened on Thursday
next at ten O'CLOCK, and the call at twelve
O'Clock noon. On the report Of the committee
on the list OF stocks and order Of calling being
read the chairman said he had one point ON
which some difference Of opinion had arisen among
the members OF the committee, and on which he
wished to take the sense OF the Board, vx.:-As 70
the propriety Of placing Erie on the list He added
that this idea had entered the minds Of the commit
tee spontaneously and application had been made
by the road 70 the committee to have such stock
placed on the list This proposition was received
with indescribable enthusiasm by all present,
which was increased for o moment by the appear
Of "Prnce Erie" on the floor. but subsidized into
absolute silence as soon as ne began 70 speak MI.
been made to the committee to have Erie placed on
the list was that no intimation OF the willingness 0f
the Board to do so had been conveyed 10 the Ocers
OF the Erie railroad. Had such fntimation been
conveyed immediate request would have been
made by the company 10 that enect. so far a9 Erie
goes, ne went on to say IL could ne believed, nnd
home whenever 1t pleased the company 10 entertain
within the last few days In fact he asserted that had
IL been his pleasure he could have placed on an
other Board, nut his synpatnies were with the Ma
ward It's interests, for he felt sure that were Ere
placed on the list the TRANSACTIONS In 1t would ex-
..o.ysh sh<su.. all xlsnro otrsrk1
Mr. Fisk in ccncIusion said that provided the
board was willing to adopt Erie he felt sure would
' his interest," is wealth. his synuatnies and tho the
wealth and synpathies or mrs friends were
loudly appiauded when he sat down. ana motion
beng made s'Shall Erie be put on the listr II was
sSn Mr s int = @ p o Ss Ros1
but intends taking on active part in Its operations.
The stock list was taen approved Of and various
business transacted, IN spite Of too much parlia-
mentarianism, the only noticeable points being the
fixing Of the entrance fee at 800 till 600 members
on that number being completed an increase
not to exceed $3.50 Will be Imposed on every
salary to oiicers, and It was unanimousiy resolved
to pay:-Mr. Y. X. TreInan, second vice president
5000 per snnum; The secretary, Mr. O. NJ. Delmar,
$4,000 per and the assistant secretary, 81 500
per annum, payable monthly. Other unimportant
amendments were carried amid the greatest NOISE
and the meeting adjourned about nve O'Clock.
1t Is stated that the present number OF members ia
4ZO Inat JU appilcauOns iOr membership are now
under consideration ard the board Is confident thas
before long the number OF members viii be very
great.
The regulations contained in the constitution ana
bylaws OF the new Exchange are Identical with
those which have governed the New York Stock Ex-
change with the exception that greater stress Is laid
upon the obligation OF members not to make fctI-
tious sales OF stock or bonds, upon which point the
language Is as foows:-
No fictitious sales shall be made by member Of tho
Bo.r and any memSsr c9n.vsnng this .sce shall upon
than sixty days, at the discretion Of the presiding
ohicer