, 1875-03-16
BOARD OF TRADE.
Meeting tn Consider tho New
Itliics.
The Committeo'a Report Meets With
General Favor.


hold yesterday afternoon ID tH0 NFop ooaEa
room for tho purpoae OF considering tho report
Of Tho Committee appointed to reslso tho rules,
regulations, and by.iaw4 Of tho Chicago board Of
Trade.
President Armour presided On taking the
chair ho stated tho object Of tho meeting waa 10
discuss and approve tho now sct Of rules pro-
poaed by the Committee to whom tho mattcr had
been referred. ue also stated that there Was
rule In exis.opcc governing tle meeting action,
Which would be read.
Tho Secretary road the rule adopIod in May,
1871, under which no amendments can DO adopt
od nor eau tho rutea to aMcndcd, but only ap-
proved. and then referred for adoption Rt anotl-
cr mooting. |
raEL1MtsAnY WORK.
Mr.. BeualcY moved that tho reading OF tho |
rules be disponaed wlth Tns motion WAS car |
rlod.
Mr.. Dcnstcs. asked IL tho rules could no! bc
read socsion by section, and those objected to |
referred to tho Committee.
4 call vns made for The reading Of the rcsolu-
t1on appointing the Comraitteo upon ncw ruled.
Tho resolution WINS read.
hlr. J. ]. Nichards moved thst tho ruins he
read QUO by ono, md that m info,ma vote DO
takon upon them for approval Or rejection. Car
| ried.
OFFICERS.
| Nulo ], Sec. l, designating the officers Of tho
| Board. aud the manner Of theif election, Was
| then read.
| Nr, Deuscy moved to amend 80 as 10 change
tho lumber Of Directors to ten. inbtead OF flf-
| tcon, as recommended i; and 10 as to strike out
| tho clause referring to tho "Commlttan Ut Ref
! ercnce."
| Mr. Wright said ths increase had boen mado
TO m odel the government after the New York
| UnarI. It Lad boon dono to lncIeaBa tho dtscl-
pli.le, M tito board, wAich was ilcrcasinR In
membership, would net consent to. to plage
Ind boon thought best to Giyc tho
Board Of Directors extraordinary powers, aud.
consequently, 1t had bern doomed ad9iaahia 10
iuercssc their number aud lot tlom enp1acc tue
| best intelligence OF shs UDafd+
| MI. GUTHRIE
thought Mr. Wrighs's explanation good and Bat,
,afactory. lIo thought, however, week could
ba smpioyed iu thus considorpg the rucs, and
moved that all save Soc. ? Of liulo 27 aud Sec.
. Of 1suo 28 uo informally approved, o. these
lo waR Of tho opluiou, wero tue most Important
mud nloht litoy to nrouso discussion aud yaTi"
| Anco OF opinion.
several members thought the gentleman was
out Of osdor, al motion TO road the rules Sec.
ton by SECTION had alscady been shouted.
| Mr. Wright suggested that Air. Guthrie might
get 1T tho matter he proposed by moving that
tho further .ealipg Of tho rulea ue diapunsed
with.
Cant. Egau thought, under tbs ru1os, TINT
.Jr. Ucllstoy aid II the nav rules could not
so aytca upon; either in tLc Way Of adopting or
amending, tho nootinR might m xelI adjourn.
Mr.. R.cnardson'a 1ros:un MA thoa foconbid-
cred. ..-.
TNrssu IT AaA.N.
| Afr. Richards nEalll moved tho rules 10 read
| section by soct'on aud slopted Or rejected sud
tho COMMITTEE instgucteu accordingly. uo COLI
not amount 10 n tna! adoption VI tbo suics.
Capr. Egan Inaasod that tho gentleman wao
| out Of order.
Tho Chnr decided that, under tho rulo, tho
meeting could only approve and dlecucs.
9lr. Richardson said Ao saw 10 objcot In hold
ine the p'eeth'g.
Air. ueualey Thought
Ti.3 rtrM or THE MATrAR
was to cousider tue zt,cs ar.iyo VI tic sc1ase Of
tho uoatd, aud INSTRUCT tAo Committed accord~
Iii. Brine asked II thoy wero considering tho
tho zulea As rapport tton tho Comnit:oo %
Tlnlo4,to DO posted for ton days fol adoption.
Tho Chair thonght llo meeting WAS ut liberty
| to nd.tac With each other as to tho amendments
they dtsIfed tho Committee to make. Tie rulo
governing tho action Of tho msotius was again
reatl.
pcalod that II would icavo them FREQ to ndopt
Or tejees.
. The Chair etatod that this would tako axtecn
! days.
ansl approval" could nos moan both adoption
ant. election Of rites.
; Mr. brine moved to adjourn for three weeks.
: Lest.
Mr. Egan moved to
susIESD THE EvIE
just read. The motion WIS carflud, and tho rule
, was suspended.
alr. Egan moved to approve Sec. !, nulo /.
: hlr. Donsy again moved hia amendment do
, | croaeing the number OF Directors. Tho aMent-
!, ment Tas laid upon tho tabo, and tho aootion
w1a approved As recommended.
SGc. reforrin8 to Committees OF Resolutions
| &uI ArpeAIB KAu 4pnTQY9l,
HOO. .. :" Annaal elections Was approved:
!. Sec: + Requirements of eloction," aud Sec.
! ! 8, " Failure to elect" wero approved.
DUTIES OF oFFICgIlH.
! nulo 2: designating III several sections the
! dutEcs Of President.
= pfeatdsn.H waa read And approved thouBl. 4
clause regarding tho rresidcut'a power to line
: : members for lisorderly conduct did not moe,
= = With fu1l concurrence.
= = Sec, Of Rule I. naming tho powers and duttee
at tho Hossd Of Directors, waa also approved.
Sec. OF the sarno rule, referring to appoint.
uaeut of officers aud employees, gaugerd, shers
otc., the!s componsat1on, trrma oi Office, ote.
A1r. Fatrbaul moved to amend BY making the
4 terms Of oflco OF tho gaugora and weigh
!. ers contiuuo, during: good behavior, III;
: : inoaiclent and unfatthtul Instead Of for QUE
9 year, ID recommended. He said these offlcei
r wcre she rewards gtyon annually by. eyory neN
Board Of Directors, and he wished to take tho
| power Of making slcA towards out Of thclI
:, . hands.
: Tho amendment WAS laid upon tho table, ane
tho acction was approved.
tora"; Eeo. 4, "statod moetingB"; Soc. s, :. M
:. nonncosnent Of Appointments and sevooatlons,
"annnal report Of receipts and expenditures,
and assessments on tncnbers," were also Eead
and approved.
Heo. Of thu eAue r1le, referring TO tho rooms
time o. opening. etc.. "as read and llkeH'se a1'
gac > ru1s+sv. ., y.st,,x. - .on,,1u ,ut+f, ,or