, 1869-09-03
AKII~cQAt MONOPOLY MEETING.
EIrnaurra Adopted to tyfnnk II I'r.

The c,ti.rns Of chicago ttld On Adjourned ntet+
!b9 Ut tho 1tecGrslrr'a fnnrt.runn,, Inst pycnlnE
for tho purIosc oT conptasin1 the organization Of
a cooperative c0Rl Roctrty. Mr. J. NJ. nrJno'Is
wna ca1l's, 10 tho chair. TN coming forward, !o
slated tho blrct of ifc meeting 10 t,e to attempt
Tho formation u CO Cooperative coni kocloty. ilo
xnll he WIZ In favor af IL. 10 far an he was coz.
Cers,r<l, hr tncw nothing nix,nt coal or tho Goa,
htlAtnehs: hit Il waA Ito RCnrfn1 l!nPfrMion this.
this lustnrsa wiz III thu hnn.lA Ut tnononost4 anu
that t!a monopoly ratafed here. II this l.o tho
cnsr, It hhouid not tr allowed TO stAud. Mounpo-
l'rs of uny kind a1o nut good toT tho Interests of
tho people.
hEronr or TIE COMMITTEE,
Thr Chairman ltirE. called uIun tht committee
hrImJltcl nj Thu lust meeting Iur thr purEuIo UE
snAkluR stntctntIt Ut lha cuAl question III make
thctr repn1. Tho committee reported tu sub
ktanct as f01loMg:
It u recommended that cnch snilyidnal sab.
scs4bcr depotit The atnoun, which hu o. sllu may
haso subscribed, IN Tho hands Ut L. Il. Fuswell
ami ChRH. IL. Fargo, o! Chicago, knd the said
pnI1lca will credit tho same 10 the person AZ de-
ioslting, III book which VII! he turn1aed itcm
I for that pHrpORc.
The committee recommended that this meeting
| appoint an agent 10 proceed TO Now York snmc
TINS during the present month. 10 purchase tue
coal when thrown upon the market, or NJ private
sale should be deem Il best for the!r Interest;
the agent 10 render IN account Of Aia dolngs. will
| tho proper vouchers for the Sane, At o public
mcctlpg 0! tho Subscribers to this rund. the meet
1nE to be ealIed through lhe public press Aud,
further, that tho Asent be InFtruCicd to take tho
necessary steps to haze thu coal shipped to this
CITY, aud tol procure wharfage fur the aarlc nnl
attend TO the screening. weighing. and delivering
Q! the coal 70 the sahsereers. p. The ngenta c1-
Tue report recommended tho appointment OF IA
Executive Committee Of three, whose duties
md supervise ana audit its accounts at least once
In cRch week during his time Of service; the Ex
ecn:isc cotrnitter to make statement OF tna
Affairs Of the agency to the subscribers to the
tuLd at least nonth, ut public meeting 10
be called ns nforcaaid. II shnl always be In tho
Ioxer Of D majority Of lhc subscribers 70 continue
or change the agent and other officers
The committee, ln conclusion, recommended
that, rs the time was short the subscribers should
make ihels deposits as soon IS possible after tho
| necessary books 6hal! have been prepared.
| After the fendng of this report, the question OF
| It's adoption waa put to The house.
gentleman arose 70 object 10 the report on the
| ground that the association wns not to act as m
otFaDszed body, but only Us subscribers 10 gen
e.al fund for the purpose Of purchasing coal
LaekaEanna ana leh'Gh coal could he bought here
on motion, withou, further debate, the reror.
| Of the committee was adopted.
coal trade lc appointed IS the purchasing asent
of tie association, and the name Of Willlan Hull
WIS put IN nomination. lic Tas elected.
| consist OF three, he appointed. Mcssrs. Reed,
| Fnrro and Smith were constituted kRch co1r-
! m.tsee. .-
| mtlct were lie sa1d that Aess1s- Fargo and Smith
wcrc among The best and most prominent business
men q ths clty A9nsJ lett H. thetE hands xoa!d
up to benefit Tie Hch alone, but The 1lch and poor
nike, and therefore he hoped It would succeed
ht Ills movement should psy theft money Ii BY
The 18th OF this month, which Vas carried
a gentleman said be supposed that the motion
did not ueau TINT those who paid Ia their money
hitcr the l5th Of September could not benefit b.
tht8 movement.
The snPposItion WIS decided to be correct /,
Il Shrf ha AfnItn fIyyn