, 1874-04-30
LOCAL MISCELLANY.


bOAAO OE TRADE.
Tho firm Of John B. Lyon .t Co. woro ycstor-
day formally suspended by tho Board Of Trade
by tho action Of tho Directors. Tho Immediate
casoa Of Dugan, Case Il Co., and Seymour Il
Co., who olalmod differences etll1 duo Oh tho
old wheat~oornor deal,
a reporter Was sent to learn tho facts In tho
onHo, and, ns for as they arc OF interest to tho
public, tloy aro detailed bolow. In roply to Ills
questions, Dugan, Case 4 Co. said that thero
was nothing peculiar In tho caao. Thoy had
oold to Lyon Il Go. 90, 900 busEola OF wheat, md
had subsequently sold II for them. Tho loss on
tho same was a2,0U0. They had f1od their
clalm, but had refuaod to Hottlo at 25
contn, as others had dono. Tho caso had boon
postponed on one protoxt or another up to the
preHent timo. Tho other day IL came before tho
Directors aud the suspension OF Lyon d TO- was
the result.
- !. ROBERT WARREN u.
responded to tic questions OF tho reporter ha
.noporter-po you know anything about tho
cascs before tho Board, Mr.. Warren? .
Mir. Warron-Nothing more than TINT they aro
ordinary cases Of failure to perform contract.
and tho parties thereto wero unable to settle.
51r. W.-only this TINT I understand Lyon
l. Co. denv both tho otnim mud tile jurisdiction
Of the Board. They aay it has no right to dsoi-
f'~ ~ mn. GEORGE NJ. HOW, .~u.
President Of tho Board Of Trado, answered tho
reporter to tho effect that Lyon & Go. we're s's-
should have como before tito old Board, but ap-
peals were tallen and legal restrictions brought
to bear, and It wna only now that tloy laad
come boforo this Board for consideration. There
was considerable fcoling. against Lyon D. Co.,
and many members would favor their expulsion
IL they carried tho caRe before tho courts. Ho
beloved they would bo expelled.
J. d. LYON,
hear bis side Of tho atory. Dir. Lyon ea.d
that they had nettlcd all THO o1aime
Ss5 % 1sops tho Ga tho 1ss @ Of ps # ss tha sfss s one
year. This Ind hoen amended since, and the re-
strictton expunged, but acting undor tho rules
then existing and With tho promise from two OF
tho Directors that I they 9h would - aetto II .s TIE
intimatng by this that no othors would be main-
tainco, they lad madc tho Bettlomonts, expect
ing to be protocted from further suits. !,
Tho Board Of Directors had boon q tie on the
tho casting vote against him. Mr.. Lyon contln-
ued to say that he knew he had enemies, as any
man had WHO possossed q mind Of his own, but
that he would come out all right.
Reportor-What will you do about 1t?
Mr. Lyon-I ahall appeal to tho courts at
onco. Ny lawyers arc now drawing the papers.
Reportor-When will tho case come up for OK
amination2
Mr.. LII think next wook.
GENERAL FEELING.
It WAS learned by inquiry OF various other
brokers and dealera that quito strong feeling
exists against 1Tr. Lyon, whom many do not
hcruple to allego iB talsing advantage Of numor-
GUS bubbles to. make bankruptcy terms with his
creditors when he might pay them in full.
Tho action Of the Directors In thus suspend
ing him meets with general approval, The sus-
pension remains in force, Of courao, until the
claim brought Is settled, in which event tho
party suspended may DO restored to tho priv