New-York tribune., 1870-01-12
THE GOLD BOARD.

ANOTHER EXCITING MEETNG-A MEMBER OF
THE FIRM OF MARVIN, BROTHERS AND COM
PANY EXPELLED.
Another of those disOrderly meetings, such as
formed part the occupation and amusement of Wall
during the great gold panic was held yesterday al
the Gold Room. whence came forth as much din and tur
mol as were ever made by the thrOats Of two hundred
men, even admitting those to be brokers' member
Of the Board had been guilty of high treason against It's
rules and the meeting called especially to consider
the case Of this recalciant individual After the war OF
injunctons which succeeded the panic OF Septem-
Der last the Gold Exchange Bank was taken
into favor again by the Gold Board, with
a capital Of about $4,000, and this III splte
Of the determined opposition OF a large and inhu-
ential minority Since the reOpening Of the banks
there have been burnings and chickering's but until
Trevor & Colgate refused TO accept the check OF the
bank for any amount 100000 without eertnca0n
there bad been open war; Yesterday 1askef H. Mar
win. the representative q Marvin Brothers Co.. en-
gagged deliver 100000 in gold. but coming tothe bank
at the very last moment he refused to give up the gold
without certified check for the amount OF currency
which it would bring. In other words, ne wished to
make the transaction safe one. The bank not acceding
9 to ss dSPSRd e an ne I9eS3 3 % NAM G TeS sSd
houses, it found impossible to make clearance OF
the days business, Accordingly the statements OF bro
F6 yy$d was V 5So t9 f far 'aiSs least as as
At the meeting Mr. Hodgskn presented series Of res
Tasker H. Marvin the second provided that the business
OF the day be cleared today and the third pledged the
faith Of the Board TO the support OF It's rights and priv
leges to the last extremity even though 1t was only 10
be obtained by the expulsion Of half the members and
the expenditure Of all the Boards money After
moved that Mr. Colgate be included in resolution No J.
but his motion ruled out The scene in the room at
this time OF great disorder The honorable mem
bers, anxious to and hear the latter task by no
means easy OF accomplishment in the Gold Room at any
tmej stood chairs and settees, clambered rail
ings and baUners and some even went so far TO sit
astrde the railing which surrounds the golden fountain
After great amount Of hot discussion, the course Of
which the gavel OF the Chairman pOweress 10 check
resolution No. put 10 the vote amid confusion to
which IL would be impossible find fitting simle,
less used that rte Old one in which the tower OF Ba
bel figures. Finally, however, vote by rOEcall was
taken the result showing total vote OF 1885, OF which
l24 for, and 60 against expulsion. Mr. Marvin was
then declared longer member OF the Board, and the
other resolutions were passed with less formality.
At this point Mr. Van Schaicht moved that Mr colgate
be summoned 10 appear before the Board Wednesday,
to show why he too should not be expelled The
Chairman remarked that there need be delay and AT
once called upon Mr. Colgate to mount the rostrum Ar
rived there AT Colgate was Informed OF ms impeach
ment. and replied There is no charge against ne"
The Secretary explained that Mr.. Duffy had made q
charge, but Interrupted by the Chairman, who said
that the charge had been withdrawn 1t seemed that Mr
COgates friends and enemies very equally divided
although the latter undoubtedly possessed the greatest
strength OF lungs. Mr. Colgate wasapparenty about 10
deliver address, when loud calls made for an ad
jnurnment. The gentleman descended from the rOstrum
and after passing resolution providing that all loans
made yesterday should De binding, the meeting ad
pusOn OF Mr.. Marvin plot TO iuiure the Gold TX
change Bank while others justified his course asserting
that he had undOubtCd right TO himself OF the
safety Of his money before he deposited IT,