, 1873-06-10
REVOLT.
Another Board Of Trade Man
Refuses Allegiance to
tho Directors.
Mr.. Lincoln Efns tho Directors En-
joined from Trying Him
for Failing by the
Rules.

In the Focont fall In prioo OF corn, ". @. Ltn-
coin, mombor Of tho Chicago Board Of Trado,
was caught by tho doolino, and rendered unable,
1t iB said, to pay his creditors. Onsaturlay last
Mr, Culver, President Of tho Donrd Of Trade,
notified him orally that charges had boon pro-
fo1red agatnst him by ono Of his creditors Tor
uon-fu1fllimont Of n contract, wheroupon Mr.
Lincoln, aftor taking legal advice, eoryod upon
tho President aud Directors Of tho Board tho fol-
lowing notice:
40 s neaya e. Taas q s ey . !. Y C cnssgs a;, and Pres
President Of tho loarsl Of Trade, notified no verbally
Tore tis Directors q the board Tfaao or at lag
promptly contract made with him. deny inc rl8at
VhetRer I hsvo made = eontsae. wttl n: Myers q
uhethort upon such contract an In default ana owe
pay his clairn upon mo. do not admit any indoGt-
edness to Mr: Myara upon any contract raauo Hla
PROTEST agains to Directors Of tho Board q rrsdo
having Jurisdiction Of tho question and adludcating
upon rights In reference to ony centrnct Tiin MI:
Myors, l also withdraw all supposed submission or
arbitration Of such questions to such Board OF Droo
tora bssed upon any rules articles. 5y,laws q Tho
% 6sss thoroot % .lse dsax rsht Rsssd e t ot
volso vol ny disiraachisement, that such question nast.
T. 0' tried BY h' % g. >.
After RECENT OF this notice, tho Directors noti-
fed Lincoln officially that ehargcs had boon Pre-,
ferred against him, aud TINT ho would bo tEtod
iay. % Tic charge made WAS that Lincoln had
purchased 1t, 000 bu Of wheat, and failing to put
up margins, It had boon eold out b. his diroo-
tiong, at losB, ind that he had failed to phy
tho differonoe, and aekod bis suspension from t.
tho privileges OF tho Board for failure to comply
p'YSeay YosteTay si'l morning m bill Was filed in tho
Circuit Court Of Cook County by Messra. 6wott
u Herricl;, Botting forth that tie t9ota con On
ciHon Of a Judicial question, and could not be
decided except by tho Courts. II also claims, aB
in tho case OF Brine v. Board Of Trade, that tho
Doard having. undor their charter, power to sns- ~
Corporation, cannot dolegate that power to the
Board Of Directors. It Ia also claimed that.
whatever may bo tho character OF the rules and
regulations Of tho Board Of Trade providing fos ps
q voluntary asuont Of tho mo1nber, ae in tho
cnso of an arbitration, and can DO withdrawn Of
any time, aB a submission to arbitration, can bo
Withdrawn. 1t il considered, therefore, tho case
presents, clearly and without any comPncation,
ol the Donrd Of Trade iB Court, and can try
questions Of difference upon contracts betwcen
members Of the Board
A1esBre. SWEET and Herrick, IN tho bill, applied
Tor and obtained M injunction, from Judge
Willinma, which Restraints tho Board Of Trade,
sturgos, Riclafdson, Ford, Armour, Warren,
ilorriBon, Wright, and Baldwin, from inyesti,
gatinB or adjudicating tho mattor Of the alleged
claims Of !. g. Myers y Co. against Lincoln and
from proceeding thoroin against him in relation
thoroto at any timo or in any manner, way, OF
foru aoover, and that said defendants above
named, except said Board Of Trado, be 60 re-;
strained from susponding oE oxpolling tho said
Lincoln from, any Of his rights or privileges as q
mon1bor of said Board Of Trade, md from pro-
cocding further to examine Or determine tht
charges Of I. 9. Meyers l. Go. ngainat him, ane
to restrain them from In any way hindering q
uolesting Haid Lincoln in the enjoyment OF LII
tights as o membor Of said Board OF Trade.
This injunction was served upon the .partie
defendant to the bill just aB they were about t.
assomblo and adjudicato upon tho charge
against Lincoln.