The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-03-21
NEW YORK PRODUCE EXCHANGE.
Special Meeting to Reconsider the Vote
ON the Rejected Amendments to the By
laws-A Noisy Session-The Initiation
Fee Likely To he Raised to o.. 200.

on the Rejected Anne nslm ents to the By
laws-A Noisy Session-The Initiation
Fee Likely To BE Raised to $1,000.
In accordance with a request, signed by eighty
nine members a special meeting of the Produc
Exchange was held yesterday afternoon with a
view OF recOnsldering the vote takOn on the Sd
inst, rejecting the proposed amendments to the
bylaws. There was large attendance, and Mr..
Franklin Edison, who presided, after the call was
read by the secretary, stated that, so far as the
meeting was concerned, there could be no
reconsideration OF the vote taken on the
Sd inst. 1t would establish dangerous
precedent. and should not be entertained. sug-
gestions, however, might be made to the Board Of
Managers, but anything that came before them
would no, be recognized as official.
Here Colonei |. ii. REED jumped I'D and said
that, as there were no rules whereby public meet
ings OF that body could be properly conducted, it
was essential that some action should be taken
In the matter With such rules the present meet
ing could not have taken place, and he, therefore,
moved that committee OF Ave be appointed by
the Chair to prepare rules Tor the government of
public meetings OF the Exchange.
The Chair, amid mucn confusion, ruled that Mr.
Reed was out OF order, and here began what re-
suited IN one oil the noislest meetings tue Exchange
ever held.
Mr. Il. W. SMITH took the liberty of dissenting
from the decision OF the Chair that nothing but
suggestions could De entertained by that officer,
and cont ended that. inasmucn as many OF the mem
bers at the previous meeting did not sufficiently
Understand the questions upon what the, were
voting, he being one OF the large number. they had
right 10 move Tor reconsideration OF tue vote,
and he therefore appealed from the decis ion oil the
Chair.
Half dozen members here sprang to their feet
and claimed the attention OF the President; out he
declined TO notice them and put the question OF
Mr.. Smiths appeal which resulted IN the Chair
being sustained.
Again some OF the members insisted upon
formally reconsiGering the vote on the matter Of
raising the Initiation fee from $500 to ST. 900, and,
though the chairman repeatedly advised them that
the, were cut OF order 1t was somewhat difficult
TO quiet Them.
and, 1t being seconded, the motion was put and
rejected by very decided vote.
- Mr.. IHEo PERRY obtained RECOGNITION by the
Chair, and, after several interruptions submitted
the following resolution Tor the consideration OF
the meeting:-
Resolved That the Board of Managers respectfully
reque sed amend sections and 81 the bylaws
such manner that the mutation fee shall lie raised
3 yo,s taRen BY ba s,t and I hat
ratea BY ballot instead Of riaa roe as now required
In submitting the resolutions Mr.. Perry SAID that
In the majority OF the meetings of the Exchange
hearing or speaking distance. IL was nighly
sential that they should vote understanolngly
been enabled to do SO. and hence these
tunutOus gatherings The raising oil the lee OF
mutation ron $500 to $1,000 was not for the con:
in consequence be realized, but 1t was for more
important matter; they were getting TOO CT DIVIDED
IN the building 1t was never Intended for the use
to which 1t was put, and the great list OF mortality
among the memoirs demonstrated more potently
than words It's unhealthfuness; the gases -
MEMBER-Oh, too much gas
Mr.. PERRY, resumIng-rhe gases and the foul air
in every part Of the building made so in part by
the nOxlOus efiuvia OF twenty-One retiring rooms,
t0d the story OF tneir headaches, loss OF appetite
and general debility. They must have new and
suitable building Tor the transaction OF business,
and the matter must assume proper shape in time.
Colonel !. II. REED moved an adjournment, but
the motion.
General HORATIO REED now obtained the moor.
and, In secOnding MIR. Perry'5 resolution, claimed
that at the meeting OF the Exchange the Sd
inst the 1890 members had not a alr chance OF
giving expression 10 thel views. 1t was time
they were democraticl IN their feelings, they would
DO So All OF them hao an interest in the matter
before the meeting lt was not now, as when they
were young men, that eight or ten could get to-
gether and control the majority. The members
should control themselves. lie Ola not want anv
traps sprung nor DISCUSSION stuffed, but he wanted
the majority 10 rule, and therefore hoped that the
resolution would pe adopted.
One or two other members attempted to SPEAK;
but the cries OF question: drowned their voices
Colonel /. ii. Reed, however succeeded in obtain
ing hearing. and again moved to adjourn, mas
much as the only argument against the raising
OF the Initiation fee was, as he understood, s'the
noXious eiiiuvla Of the retiring rooms.n Mr..
Reeds motion was received with such a voley of
Kisses IL was not seconded.
Amid perfect bedam OF cries for the chairman
to put the question on the resolution oil Mr.. Perry
IL was submitted TO the members and carried with
but two dissenting votes. Adjourned