New-York tribune., 1870-09-28
TIE GOLD EXCHANGE.

THE CONSTITUTION AMENDED AND ALTERED.
At p. IN. yesterday, after the transmission
Of the formal business of the day, the Gold Exchange
went into Executive session, Mr. j. r. HOdgskn in the
chair to adopt certain amendments 20 and alteration OF
the Constitution and bylaws, which was done, after
some discussion.
The shall 10 p Gold loaned
sI % Ghe'' Otherwise % e1pfess exp % sh al an Pc returned % M
following day. unless the is renewed by the Dor
buyer or seller ioT three days Interest
% and % & P SsSod @ ss G time 0 6s bSi 65e S oppressed
When oontIsets on time are not closed Al maturity interest h- coouHue
should fall comply with his contract the
ofc Of The Exchange 10 close by purchase sale
case NAV require accounting member u default any surplus
presiding officer for the performance Of this duty Tie party
seD this INST notice
rS Of his intention other party his
Hoce must be given By presiding officer hour ,t
Of oreSoi does DO, close the contract s rod above other
party . The eonct nay demand t3i the se , pc i @ a. no
l In all cases where contract Is closed Gd.r tins rule The name
gen All disputes arising Exchange rgar
purchase sale Of godwheher such dispute relates to the
ereofma according the foregoing provisions
When smnber dies nOeot bis rights Of membership sha be sold
ruta OF the Exchange for bona e transactions in gold
shall within days from the date Of such death have been td WIN
I .enye n apy SUSPENDED member fails 10 settle with his
bis rights Of membership shall be sold by the Committee Adj
missions and The proceeds ad PRO ala 20 nfh o hs t
Admissions and proved them 70 the sau
p Of he Committee; provided however. suspension Of
arbitration BIZ rights Of mcmbersh
shall he so4 forthwith iLe manner heTen TIomde but without Tue
In selling Of suspended nsOyent members The Committee
on Admissions proceed follows On no6d by the Sec
ta Of Gold Room the months have elapsed and that the
member has not settled with 1s creditors the preceding
by posting an advertisement bulletin Goll Room
invite sealed proposals for the purchase OF the seat o!
ehgiole parties which proposals shall be publicly opened and
announced presiding Ooef Of the God Room,
the date OF the posting Of the said adver
eent God Room shall make record
f ~ he Sersry OF the Committee on consideration
highest shall s election the bid OF the order
~ considered whom falling the merit and Should
the acceptance any the bids the Judgment Of the Committee be
inconsistent he deiauug member
the Gold ETchauge they order advertise
which shat be made before until satisfactory buyers are Oh
tanned. ,
I'm addition to the foregoing, which had been printed
circulation the members, several other amend
ments adopted: Authorizing the secretary 10 COZ
lect all uisce aneOus standing resolutions having the
effect OF bylaws aud 10 incorporate them IN the latter
amending the rule providing for the penalty OF one
quarter Of per cent for the nondeyery OF gold s0d
that II would apply TO gold loaned either through The
Clearing House Clearing House"
A communication received from the Committee on
Membership, relation to Mr. Tasker II. Marvin, OF the
firm Of Marvin Bros Co.. who had been expelled almost
twelve months for alleged violation OF the rules of
the Exchange, and been Tcnomlnated by Mr.. Tucker.
The communication, which was signed by Mr.. e. +.
Davenport, declared that inasmuch Mr.. Marvin had
not made any application for admission readmssion,
the committee had no jurisdiction. On notion the com
I0uuiCatiOn received and laid on the table.
II was resolved that the Exchange adjourn over Fri
day instead Of Saturday and that the be closed
after which the NEE ting adjourned.