New-York tribune., 1870-05-26
THE PRODUCE EXCHANGE.

REPORT OF THE SPECIAL COMMITTEE ON THE
FINANCIAL CONDITION AND PROSPECTS OF
THE ASSOCIATION.
A meeting of the members of the Produce
Exchange Association was held yesterday at p IN. to
consider the report Of the Committee appointed under
resolution passed May r. 1870 authorizing them to con-
suit with the managers Of the Association examine the
books and to ascertain at what price the building could
be purchased Col Edward Hincken presided. The fol-
lowing is abstract Of the reports
appointed resolution passed at the meeting Of this
S 3 S On s b I bsT s books Of the Produce EI.
change COMPANY and the Produce Exchange To which the fullest access
M has been paid into oh tn. q as BE' % q @ as 1s
tons and No statement Of the has ever been made to you nor
has account been given the disposal h large sum Inc
affected h interests and this all they were bound 70 DO but the
during Years This Association known formerly
az @ IA @ & s d hs SGT 5 - Members s whose S
creased yearly until in l9 the Damber was s for The Ssar Just
The Trustees at ree yarng from 70 ~ per I member yd'[ as
purposes Of your Board f Managers the members
Ped trustees the Managers receive their proportion
The egrSns
in 1885, s95; as expenses during the and fuller tee
s sm f 1888 'nS aSun % Thee s Wca eha not has
that for come bat for ne entered n'9 y YOU,
bug, them debt $500 beside making our expenses for the year
compiler Of statistics SALARY of $500 year, and the issuing Of
Your Committee conference With Managers when
these heavy incurred thought that extra
oeve the sum that would be needed thought Price
loss Mr. Walker.
Legislature the canal tolls which vital
%S GsS Of volume s s, az. ssnv E'' Of Of I S0T . from @
yeuce that this respect our body whose door mioo of
%.e % G & s s SaGs' our a'n 1 d a Ssas .o s. 3 al s
information obanabe to the movements Of commerce
our own and intesnss with Other BOsr Ts Who are
compiling volume facts found records sodecnt that
the Volume would not have borne comparison value with that
that when asked BY Congress for information having important
ss Of enas .. % o5 % , Ss Which s' ECs oar SO "Gad
inability to furnish We leave to judge ofe suaeien these
say hsi Tue publishing Of pree Current BY the Managers be
an % o gu, charter which they doubt Is matter Th hogh be
They recommend that Mr. Walker retained unsh a
Board Of Trustees they informed us that
bal authority 70 pga.e the Trustees "oa have iee their demands
m-neeneut report vr the Produce RIehag COMPANY 1t
oocnp by thought could be Converted
to the ParPo Of EIceanee enSou9ered great opposition from
very Large and influential receivers Of produce indeed that
enemies Of he new enpre But 80 great was f 10 l the
need Of more and facilities and better ventilation than could be
go forward and purchase this site he paid ssso was
W. building then erected oost Of making
ass $500 spcfsry 5000 The shoie number q
OcLhosn th h.dou. enterprise Of building opposi.
% T completed and oenFie in el and has proved perfect
year snns 10 April Ss were s5eo; they Increased es,
s ias s % o., TsG .G s sa'S' s 5 for Of 'H 4oS Th i
have snss e. dsSreassd aud In The year ending lst Inst
ally Increased until In 1870 they eashe so The
pee S sss P %s ' on,s1. @ .n & S one % s dividend
a.nns the TINE ~ hs eS.s x u gosIs.. erection The Trustee.
fey S. o es, $ nprS1n. S,s iSs AMI Ss ps arr oS ut
Sss obliged si r the s . .nd Go CONVERT @ E 6s sa. r1%S 1
40 ka.1se Il s thu; ,es9 that in addition to dividend Ills
Lols elsSasl ~ Iea IeAla su "a per