Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1872-04-18
A Market Day for Rutland.

1t has long been need of Rutland, as
a business point, that it have regular
weekly market day for the sale of pro-
duce, such as has been established at
Utica, Little Falls and elsewhere "a day
when all the farmers of the county can
congregate and be sure to have purchas-
ers of their products. Arrangements
are in progress for the early establish
ment of market, and the appointment
of specified day of the week as market
day A board of trade will be organized,
which will establish rules and rPgula-
tions for the government of trade, in or
der that all who join in the movement
may be fully protected in all their rights.
At first this movement may not be fully
inaugurated, but time will satisfy every
farmer in the county that it is for his
best interests and that of every buyer of
produce, that the farmer knows just
as well the market price of his cheese,
butter and produce as does the buyer
A meeting of those interested will be
called at an early day for organization.
We, of course, cannot foreshadOw
what action may be taken in the forma-
ton of board of trade here, but having
spent much time and pains in the inves-
tigatiOn of this subject, with the hope of
securing the establishment of a market
day for the benefit of Rutland and the
interests of the farmers of the county,
that they might be fully posted on all
points of the city markets, on certain
day, at any business hour of the day,
and the price of gold that day and the
value of money, we propose to lay be-
fore our readers the results of our OBJ
servatiOns in the formation of boards of
trade and market days in other places.
First The payment of an annual
membership fee of such amount as may
be fixed upon.
Sec0nd Members only are entitled to
all the privileges of the saiesroom.
THIRD. A register is kept and bull
letin board is arranged in a conspicuous
place in the salesroOm on which will be
posted all telegrams and other informa-
/ ton of interest received from New York
and Boston and other markets, to which
/ register and board all members have free
/ access. Members also have the privilege
of posting upon the register a notice of
any dairy or other produce which they
may have for sale.
Fourth. An officer is appointed by the
board whose duty it is to procure tele-
grams and other information deemed
necessary by the club, and have general
supervision of the salesroom.
FrtTh. A board of arbitration is ap-
pointed for hearing, adjusting and set
Ting all differences which may arise be-
tween buyers and sellers on the express
understanding between all the members
that such an arbitration will be final.
The board of arbitration is formed by
each party choosing a member of the
board, and the two members thus chosen
shall select a third.
lSirtd All bargains between members
Of the board at the salesrOom, shall be
considered binding, and failure Of either
party to carry out a bargain on his part
shall be sufficient cause for expulsion
from the board.
SercaM. All disputes in reference tC
short weights shall be settled by legal
Iv appointed wegh-master.
Eyqhth. All violations of the rules OF
the board are referred to a committee
appointed to look into the facts and re
port what action the board shall tak'
thereon
1t will he seen from the above sum
mary that a constitution can be modified
to suit circumstances and the wishes o
members. The practice Of making sale
on the cash delivery principle at the reg
ular market place, on the regular mar
knt day. is one that should meet wit
appreciation.
The bulletin board at Utica Away
shows the closing prices of the previou
week. the price Of gold, the cabl
and the receipts and shipments at New
York. and the receipts and shipment
for the corresponding week the previou
wear. In addition to that, kilograms ar
p received during the day from New Tor
and other points. and these are at one
put on the bulletin board.
, 1t will be seen that with this inform'
$ tion and the comparison of views, tn
r sellers become thoroughly posted o
= nearly equal footing with the buyers
5 regards information.
: The Utica market has also a regist'
: on which are entered all the names
r factories represented, with the amour
7 of cheese represented, and any oth'
n articles which the members may ha'
h for sale. Registers can be kept for
e kinds of country produce.
5 We leave the matter at this point f
r the consideration of business men al
f the farmers, so that they may have tin
e to prepare their minds for action befo
the meeting is called for the organizati'
e of the board of trade.
u PIrTsFoRD.-The registration retur
II f(l1,