New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-02-21

inc for tho same princpn-Mr. b. y Carver VIC Wit 1
again oUnsJ osIvn Bach & Co. Al very late hour In
the afternoon II was presented nnd We ~ tho street
me Sd S SHST refused 70 accept demanding legal tenders In
stead though well that 1t wss iohg m, n d w,
hours we finally succeeded in getting
The legal tenders and thus at last in possession u
We submit that in our dealings We abide by te o ue
clsons OF the Stock Exchange, ana cohior ~ '"'
We suggest that in attempting to thrust upon us Stock
which the knew the Stock Exchange had
tempt for s decisions which should be permitted 70 pas
neither unnoticed unpunished III denanMS essrs
osvn Rach Co departed from the custom OF the street
putting us TO great and unnecessary nconyenG, from
Messrs Osborn Chaplin the valid certificate when we
had loaned them and TO which we were enttieu. W. nc
Co lnauguraod precedent which, II established wou
not only embarrass stock transactions put S P
Is unfair TO expect one TO abide by the decisions
the Board and conform to the custom, 81 s Tn
endeavOring obtain the good stock to when we VIII
we Mere t met az e nsr in different gse
We submit that the recently introduced system ., cO
federate houses sufficiently illustrated ltseI III tnc
actions OF yesterday to make some action On The
desirable We suggest that the attempt 10
panel business into Walst should be suppressed VI ~
least discouraged As thing at present stands while
| your hands are held by ono house the oIher t"o ~
Here are three thmbes and only one pea. Gentle
men, where is the little iOkcri''' -, Il.
| p.
difficult to tell where property lay. We think that
one wayfarer should not be compelled to fight the same
and Raff no ssf Rcd @
holes to hide in. We submit that Erie BIZ Is IN Teaiy
the same individual, whether he turn up as me d4ld
| Chicken" "Black Friday William" or Hannibal the
slogger;" and that thiblergging is not brokerage,
Finally, insOmuch rs rule OF the STOCK bAcnah5o
obiges one member to accept the contract OF another
irrespective Of reputation responsibility. we respect
fully represent that some notifications of that RUE, per
and 70 im their dealings to men having some compre
| her Uf nal
desirable. For ourselves ask TO be excused from he
necessity OF accepting the contracts Of or indeed having
further dealings with any house representing the az.
reputable remains OF the Erie KING fyrGSpecliu9
| yours, WEBB " huESll7'
1t clear to that the Stock Exchange ou&ht 10
take action in the matter Of these three houses of
the sake Of its own reputation not for the protection
Of honest members This honorable body is too lax In its
grip Aside from the three in regular pratical commits
sion lust mentioned there are other long, ow susp
cOuS craft that always in the Ohng for any Villain
ou5 lob that Offer. TO turn up in event OF any
dsreputable transaction being on hand In TINS H. "
| 81 I bIsnCS, We see the same "acalpers" mainly,
showed In the gold corner For instance there mas
of the stock Exchange that certain long ainehtDe
individual in particular has not been connected WIN
blamed too severely for getting into scrapes, since II
would be simply by miracle that he could keep his eet
ont OF anything" he must have somewhere TO step; ~
brother broker remarked on whose toes ne trod te
| other day. l. 49,.
Certainly the stock Exchange ought to do something
70 purge itself Of the unworthy members VINO nhg us
in valnOus interest are concerned, II they can ne
reached by known rule, a little California gustlce
well TO cry that nothing be done; that there Is no
use in lighting such rascal5 Tho thing was said Tor
| est went 60 work with VIII, down came theIr
house One thing Of two should not be deay
| Them JOHN PAUL
WGiist. Feb. II, 1872.