, 1875-09-08
BOARD OF TRADE.


BOARD OF TRADE.
Proposed Amendments TO tho 1snIes
Submitted by thu Directors
Tho Uonrd OF Directors Of tic board OF Trade
yesterday proposed large list OF chsnges IN tho
rules, bylaws, otc.. OF the hoard. Following
aro the chlot alterations sought 10 DO brought
about by tho Dircctoru:
Rnle T.. Sec. !, IL changed so as TO abolish tho
Committee Of llcforoncc.
Kulc e. Ser. 2, ls changed 80 nH TO read:
IL shstl bo tho sny Of tho trcsiirnt IL urescr,n
order au! proper bu'1ncsa tccntant it Tho Exchange
lonns of tln Association during ali l,*ssn hours,
guilty 1t my Gisurltry, hnisrrudH, Offensive
luct whto IN thu E.ehanRs ltpoina lc ela for That
10 sa ruoua fur slc, time mar 10 dctermiutl by
tho lrssdc's, hnnject, however, 10 Appeal to the
70 he haa . 20 os
In 1tulp 4. Buc. !. tho change strikes out tho
hour at which tho 1}uard Ut Directors shall tnost.
In tho aamo snction 1t il provided that ITO meet-
In itnlo J. Sec II. tl1o portion providing for a
weeks notice before d nation to rcinatRto fB
voted Oh iB ktrlcAon out,
1nr rule 4, Sec. u, tito word ''sreoJflcaily ID
stricken out, aud afsu tho w0sts ''and upon
which tho member complained Of In u DO ttiol."
1iulo l. Soc. II. III anaondcd rs follows:
No mcmhtr sna1l 30 een.ure,l. suspended. or et:.
rsI % syat . Fns lin "n ~ n ,rS a ~ o.
uor whuut narin: m opportunity 10 10 heard in hia
own e'efeaso u" Illumination sha lake place until
uu.Ico has tcrn H.esrs tho accslsod member,
ss,'as =, s s s o sass' s .ss sns Il s eS. T.
crod sufficient another examination may proceed,
whether the acctssch Is present Or not.
IN 1luls 4, Sec. Ii, tho nllusion to tie Commit
tee OF 1toE6renco " oraset and t1lo Informal in
teo u tllo Board Of Directors. II t1oy report
with charges, ''tho ncmbor thus implicated
shall bo notified to apicnr bofore tho Doard Of
Directors In manner provided by Seo II Of this
rule"
III Nulo 4, Soc %, tho appointment Of tollers
Is takun from the Boaru Of directors aud givon
to the proHldent. 1ho numbor ls also left In
| that zo-o1amnnton Of ballots con only ba had
on vote Of tho Board Of Directors
III Nu.a !. sec. a. il Ia naAao optional, not
obligatory. on tho Board Of Directors to declare
| alt oillco in that bpdy vacant far rehaUilH.
| III Rule 8, 6oc. l, tho Secretary Is authorized
10 report "allch other information" ihBtoah Of
simply "8ucla other statistical information" as
| ho chooses iu lid report.
nIer shall report u stricken out and lie Ia not
| to In authorized to o,en Ills books 10 anybody
except Co1nn.lttecs Of tho Uoard OF Directors,
liu1e IL wholly stricken out.
III 1tue s, SEQ. !, tho stcnogrnphcr is to be
dispensed with In arbitration cnHoa, At tho
closo Of tho sSmo section sills Is added:
Prostled that u raas Of default on eontrsets for fu
had provided BY Erevi0ns purchase Ut tho Property
for delivery h!s contract ho aisl In tho Judgment
e tle Committee le h.hls TO- iay ~ nnay for sqoa
nf tho property sold In Cher party rha de-
naan. by previous noticc giyon 10 tic Secretary, thu
testimony n!d proceedings of thu Comtntce of Arbi
ttation elalt 10 takan by uteuographer the coat u
which shall be assessea by tho coinnltso In
| Ut ether costa Incurred.
In 1.u!o 8, Sec, 4 is to bo replaced by the fol-
lowing: Five Of either OF these Culum!tteos
(atbltfatiou or apposlsl shall 10 quorum for
tae transaction Of business, and majority de-
| III ltulo ., hec. IL, tho flung OF member of
the Committees just uanleu IL made opttous.
ln 1lu'e 3, Sec. II. tho % for tho Association
| In each appeal caBo is stricken out.
| In Hulo III Hec. l, tsn votes Of Directors IN
stosd OF two-thirda tteroof, arc necessary to
| approve q candidate.
In Nnls n, Soc, is stricken out.
In anso ~ boc. j. alter tho provision tor
| certificate OF membership. thoao words are lutoF-
| polatcdi
stands las laid al asacssn.en.s due and hss agan.t
contracts held " netnhcrs Of the Association, snd
fsa .ss . nst L.; impaired or for
At tho end OF this section ss at1ded shla:
Prior 10 tho trausfer Of my membership application
ene tEsnster sns bc posted upon te bullssin Of
il made il Eli Ia a.1amed that thc mamSes Eas 10
outstanding Claims againat him.
Tho following worls havo been added To
lsule II,
1
may 10 aoclaIvd iorfelted by hs Hoard Of Directors
ulrI batt4factory pruuf that tho purity holding 1t has
my Il H. ntSssss = f.nsa " 4 o. ,s
application thu wax isxaiod.
Tho flsBt half Of Rulo IL Ia stricken out aud
tho following inserted To replace IL:
V!stlars may bu introduced to tho Exchsnge upon
sue ssus and for suci tins tho Board of Dlfsc-
tors llay from time to tlMo 1eteEinue.
70 ltulo II tho following words tlayo been add
I'd having tofcrenco to tho liability Of brokota,
hujk III.
such tEAto by Ills priueils.
The subl.cad cosccrnIpg solors in Rulo 10 Is
stricken out.
Iu Hulo II failuro to pay an assessment Ia
made ground OIL Which = member" may" (lu-
stead OF 'sllail n b. exca1utl, Al tho ond OF
tho same tulo tlu following III appended; 4" lay
nltusa Ut annual assossmets u member Wills
under stspsnsion shall not be CONSTRUED ~ IN
ANY WAY affecting such s.,spsnB,0u."
Tho important 1suIo " Las boon changed 10
] read ~ follows:
No ttne Of option -tradt or cnnttsct In grain, shal
H. Or stteF =. ~. nos ~ s.tutI.y vi ses
LIS Ill., 2 Prst H.; nor oa suy az Or pat. 1s IT,!
scsslpu; and any u,uIabsr Who xh.i make sny trsds
or coutf,s. loEen prohibited shall bc deeod 10 hAye
l. .un..; u: saf, & d M n.
III: :4sh .sa. ai.epus :. H. iaa Sss,a az u b.
EectoFs may aslaftuiue. sse.
The clause making such trades valid ID stricken
lsu1o Il is stricken ont,
IL a q, .y Se9a.s !. a1ed It 100 maesr
The following IL substituted for The lAat Lslf
Of Kulo "a;
The r1sstton held ly the Associat.on IN March ~,
nsut of tho official year ls's Il harsby rslns4 sad
tonhfnSd.
Beo, Of Rule 26 hss besn nade to road,
on % 81
~ shn Aggregate ~ void accompanied by meAlor4n.