, 1875-03-17
Attorney took mp their line Of nnarnh for she
Gratl Jury room, aud the regular BUSINESS OF
the Court MAS resumed.
BOARD OF TRADE.

runruEn ACTION ON THE NEW NuLxa.
Tho special mcatipg Of tho Board Of Trade, for
tho purposc of considering tho nav ruits. Was
contlnued yesterday afternoon in the rear hall
of tbo Exchange, Mr.. George Armour, rrest-
dent, IN tho c:,a.ts Tho reading Of the rules Was
taken t,p nt Rule D. md up to No. 10 thcy were
approved without objection.
Respecting tho first section OF tho tenth r1llc,
dcilniuE tito conditions Of membership Mr. W.
N. DraluArd moved that the initiation fes be
,nado $500 in,tosd OF $1,000, ~ proposed. 1lo
thought IL was q great mistake to lay such
heavy TAX upon the increaao Of mombcsahip
tllst IL would reproas the growth Of tho Doarsl,
and might eventually lead 10 tha formation or
alinillof Exchange. Tho motion was tabled by
a large vote, Ana tho sec.ion approved.
motion WIS maac 10 etr1ko out Soc. OF the
fa,no ruio: which provides that until July !,
1873, tlle Initiation fee shall reu.ain at $3.50.
Tho motion prevailed By large majority vote.
Kulea II. y, III. y. IL. lG. II. and III we're ap-
proved without objection. 4 motion whB naado
TO etriko oat 1lule H. guarding against irregular
trading, brt rcccse'' lttlo support. and the rule
WIS approved by large majority vote. Ralos
20, 81, y, ~, and 81 wcre improved:
Homo debato aroBe on tho hecond section Of
Rulo 25, III rtgasd to the deposit Of margins.
alr. Dunhan urged tllAt tho banks who took
deposit collateral securities With tho E1changc.
llo said he spoke from the depths Of 4 soro
pocket, nnl that, taught by experience, the
bonrd should secure tts membership from Losses
on account Of tito failure OF tho dcros!tarcs TO
nurrcn,lpr tho margins whoa called upon. A1r.
4. II. Wright explained that sucii rnlo
wnud 10 imr5acticablc. as no bank
would put lip collateral securities. a. u'rcls ~
poaGib!s had been done In requiring That bond,
NTH good surely, sLoull he given to cover tho
amount Of trposlty. ....,....
The rotuuinipg rules up to tho tvcnty-uinth
Woto thon approved. An objection VAS mado
10 Sec. 2 OF ltut0 20, which provides that IN tho
inspection Of distilled epriss tue rosurns should
rn4nsu prescribed by the Commissioned Of 1nter-
nal Revenue for ull Un,tfd States 1augets. air.
T.ugaIand nhjcelcd that thn: MAS very variable
ytaEdatd, nj tho United States Gaugors nero sp-
puintod from political considerations, 30 there
Nas great variety in their gauging. aud that thn
Instruments usci Nere often changed. I11a OBJ
jcc:fons woro ovorrule.i, however, and on motion
iules 90 50. and d. relating 10 distilled spirits
and provisions, worc approved Without a reading
by sections. On motion, the regulations Tor the
inspection Of PROVISIONS tho cut and packing at
hog products, thu inspection OF hour and tile
bg-shwe, wcre approved a. q wnulc. Gu motion
Of Mr, A. n. Wright. tho entire body Of rules
and the preamble wore approved as "hole.
Mr.. Wiley u. Egan then iattcdaced tho fol-
lowing;
E.sbired, That the Association To now adjourn un-
Ill Thurstlay, tho lath inst, At 10 % when tho rolls
sbuli he optned and remain upen until p NJ, fnr
ballot to 10 talcu the adoption Of rejection OF ha
proportions, and majority Of the Eoses cast, PRO
rde the total number Of boots cast shall not b less
than :0o, shall eei!n for sRanss thsir adoption.
Tbs lssolatisn VAS ndopicd, and tho meeting
sliou:ycd.