, 1874-10-02
THE STURGES BUSINESS.
Indignation On 'Change Over Eis
Last Operation.
Tor tho Creation Of q New
Board,
Given 1t 10y This Trans-
action.

Tho 81urgoa oxcitomont continued unnbnto1
on tho Doard Of Trudo yesterday afternoon,
Hardly sny nlonlbor was found bold enongh to
defend the conrso pursned by tic rcilo,,btablo
"Jac&" in his lna. effort o. public distinction of
doubtful kind.
or aetlng by way OF repriaat was genoraly looked
upon IS lacking tho requisite t!lsknoss, for, in
tho July cornor, It was pntont to tho mont
stupid that lIr. 9turgos was tho ono who f1ceccd
n,s uootoru by tcchncalsty, aud That, iil point
~ ,asa, tepslsn's should have come from tllon.
:, several Dnard d-of-Irado mon uoc;nod to thinl,
That Jack" was
IN TIGHT pLAuE
h.uaoWno,o, ~. anu attempted to avoid synash-up
s1o RS aog ,st desperate e5odient for ono could
contracts ~ soor without nomo kind Of
pleasure bohinl him. ~
hlr Bturgea asuestot1 to a Tn1puyE renortor On
wednesday Tint MI cash sales Of oori, by linn
ncs %ofo pa,u ,pr aa dovcrs but this staeont
os, casl corn, ati!l remain uuduliynrel Az.
@. A. Mair. who does GOOD doai
o. pnsneas for r Srsoa stated oatorday that
nnew .. ou1u ousasp Of ca
lar firm. Tho iIrm Of Gilbert Il DrcCa eay no,no.
thing similar, aud no tho 1nu.tor Eoos, ' '0'''s'
Mr.; a.. n: Wight Baid Inst evening that tho
with tho salos Of tho Board OF Trade produeoa
inHuhortsinasion. TAiH wnu tho uecret Of Mr.
sturgos couduct, Such. Deliberate violation
Of tho rules OF the BOARD ,yas without procodont
70 M Tar as ho now. There had been cases OF non
delivery boioro, but nouo wero 30 baro-
faced 40 tho cacapado of aIr. 6turgcs,
Unlor tho rules tho man could bo auspcudci.
tried, aud ospollol but in Every case tho Inv
stopped in and bred oudlcss confusion. There
Tcso three caucs pcnding beforo tho Supreme
Court jtBt now, NIL OF which boro on Irregularities
punishable by the Hoard. 11o did not bolievo
that tho Supreme Court would sustain the parties
who appealod from tho authority Of tho board,
for lie did not think that any rutoB rudor their
He thought TINT the action OF Mr. Sturgos would
have very bad effect on tho character Of tho
Board Of Trade outside, but did not bolioya tuas
ANY gEcGss1oN MOVEMENT
WAS contemplated by any considerable number
Of members. 1lu thought no 1uch thing was In
serious contemplation.
Mr.. ]: X. Fisher Expressed himself aa bcing
too profoundly dsguatcd with tho whole business
no could say was TINT Ssurgos conduct wag no5.
prosaily baa. and that he ought to ho punished
to the Legitimate o1teut Of tho authority Of tho
board.
1tn. D. II. LINCOLN
thought thai tliero was really no ugo In bn7inq.a
chaster at al, ii it did not Eivo full privilege to
the Board to regulate and control ita Own
affairs: II it. did. thoro would bo fur
1Gsn e trlckcry nnd general rascali:y oarrled on.
Lie regretted that tho courts could not noo thia,
tho lower courts, at least, for tho suproms
Court Ind not yet dacidcd. He did not bclioyo
N secession, Which, 10 thought would DO moro
harm than coed.
In. O. J. DAVIS
III conilict with tho law. Tho trouble was that
somo Of tho meubers did no. nlYaya ssnnl by
the charter, and, rs consequence, produced
discord aud confusion Ho beloved that tho S1,~
prcne Court wouid sustain tie Doa,.l +iu its ao-
tion aGainst, Baxtor, Lyon, and o:!lara.
AIR. CLARK GEM
denounced tho SLurses business Ia no measured
tnrtns and lamcnspd the inparlcst ,ata.o. Of tho
toward waat Ia termed ''gamblini, coutrac:s,"
which tho con,nou lax uoutu not r3coyuixo
mulch le2s sustain.
HI. G. II. CULVER,
OK PRESIDENT Of tho Boacd ur Trade, la,nonted
that 80 unhappy pn occurrp.1c, uoukI ta!io
place in tho board NJ any tn,, but most par
ticunrly at thih iunctEro when the credit OF tho
city needed to Io fully snstnaad BY nil her citi-
zo'ss. Ho thought that tho o!arsor Of tho
Board covered everything That IVES regular
regular WAS another matter. Arbitration rested
with ttlo members Themselves. No Nun could
DO compelled to arbitrato under tho rules. Uo
lad heard nothing relative to secession, aud hal
aftor tho Supreme Court Ind decided, ~ ho bo-
loved it would, In favor of tho authority OF tho
Boall. all thla tronblo would bo clldea. Ylcro
Should bo authority somewhere, al,l tho nearer
home tllo better.
sayorul other gentlemen, Including aIcesrs.
Ash aud llinclley, EXPRESSED opinions to about
tho Ha,no effect
1t Is understood that Dir. D. P. Hutchinson,
An hsn Dow, .. II. GulIertson, 4. 2. olderahaw,
Robert Warren. II. d. Spruance, and many
others Who Htfuft bA M fOoA1 ;uo1