, 1876-01-11

Id aharca chicago Alton stock. 1otNoo1
Cash On hand... 3,ea3.oa
.$l7s, ,soa1
Tho assessment has boen G1cd BY the Diroct-
ors, az provided BY tho rules Of tho Hoard, 1t
800 for the ensuing year.
The report concludes.
The present meuhc,ship Of thn Board embraces
aiareh il. vhiio Tia initiation fee rcmsined i s3so
there woso admittad to ne'nbershp 25t PERSONS Eea-
to y sys sna naIe, e.b Hs NJ e no1esne l.
tic initiation feo to 81 o00 and tho cangc in tho rucs
ot tho Board rendcrinR tho memberships transferable.
applicants have been received bJ tho Of
the initiation fec. Thare hAve, however, oocn III men
berships transferred 10 approved p.rtiea; thus i Will
tv1duals nho not Of number year snco.
Tic policy ot making these memberships merchandise
ss psss "a; nsturo @ % jpgment Upon il rsdo. rhe1o
arc, undoubtedly advantages Of pccpnAsJ natnrs In
~ arrangement M te nsmboEs % reti1tng H. q who my
enue to tho AAsoeauuu-a rorenne which. in 1874,
terall1 differed from Mat amount for many sea1a to
conc.
During tbs pase year elrven Of our members have
eeyersi who l1ad oecu aasociaea with IN Tor many
years, and who had become 10 identified with city
In It's growth anl Development, TINT We ungor over
thelr memory with keen regres-.
! Tho tyents And experiences Of tho rreytons year
sngUes,si that Important
s1oD1FiuAT1oNH In oun GENERAL RULES
wero lcsirahe and The subject Of revision had been
delegated TO committee previous to tho date Of the
committee waa luY submitted TO tho Assoeistson and
adopted by tt tbs 18th o Hsre last, This revision
eutisey yatAfac.or, an n the light Of experience
of sew mouths va farth r...se nd r,.h s; song
Hc{temhcr, Nnoo which thefo hare been no changes,
rhe present eodo, we II n not claimed 70 b perfeot
u tn kone sense eonupm!so on THO different visws
Of Intelligent Menbera and a. vhoio has tn practice
operated IknAonAhly satisfactory.
THE MOSr RADICAL C1TAH0Ea
y aRas
ad .sslnst sn, Pros.sls eestlnssasy ts@ bay :tiss
tsaets. and in rel.asn to ths adjustment @ of b.aess
due on defsate.i cont1acta In prostous years, and
tn tho power ufteombiua1ons ct an individual.
under ctsounstancos which Hore found cults too frs-
nonfuinlraant 81 contrast entirely ea Of proportion
to tle damages really sustained. The practice et
.d i our ,fs to sss tsss = 'tnsh
PROPORTIONS thst II bad como 10 .hreatan tho
good n.me ot our Association, espcaaly in quar-
.cser. Thta condition Of thinga Induced larga ma-
should 20 longer be made the vehicle Of enforcing
The collection ia Ga damages .hish but fos ho ehss.
| or equitable by any court Of Law.
| TUE REACTION or HExT1MESr
regard to this sabect - developed in onr rcssod
| COAg u Aa4fA 4ASly AAo AAA ApprpACuC4
Of almost equal proportions tn the opposite H.
.set!en soms slghs changes wsEs m.ae Il. ths laser
contract for tho delivery Of p1opsrIy spparently ID
good fatth. but With design e utterly neglect max
een.sssoa H.. ths provision. Il Tho existing
aeiiSerato dsssus aIe not - direct aad eerfsIa ~
could b deeRed and It rrsnans for tho Association to
consider whht further notifications or amendments
b6 necessary In Qt4tf cp1npEl lUfUbGtH
Bcct their agreements With each ether u aacred Oh.
.o pes 'n' 70 tho extent
Without makiug spccino recommendations 10 tho
Board on sl. sub % tho details ot remedy fos
tho evils WI hare alluded to, woul earnestly iuvo
your candid oons!dssst.o1 ot them. to tho end thai
IL your rsdon you may dev.1s such Action will II
and good fah that ought to chsraesezs al Tie tfaAi
| notions Of a body ike this.
foF liz Interests ot ths Association 70 Incur unlsus
and extraordinary sxpensns in the way Of providing
for tho
Cenroxr AND CONVENIENCE or MknnERs.
incurred In s contructou Of ~ Elevator for tho us
e nf%e ~ passing ~ T. I'D fto shs
one-haf uf which vas however, borne BY tho ChAnbe
of Commerce Association. An expenditure wAa mad'
nest<d with ths E1ohanss roolna amounting 10 owe
S3,2U0 II II believed thc.a expenditures fuy meet tn
"a q ts s' ..ss y s % oses @
hk4 Aso been o1psnded n Legal services, very small
pt3p1EQn u WHICH has 6eeu nc1rfesl In fh1 pf0Aocu
ton or lefehsa Of suits originating during tho pas
yeaE Tho Board Of ptreGtors hsYp deemed 1t psope
aud In AceordAADo With thA vaws OF Tie meu,bersa!
70 provide for tha energetic prosecution Of tho 1gh
Of the Association in the courts Of aE vheneynr suct
fiRhts wsre called in question: and they glad II
ANNOUNCE that In every inbtaHcs whesa the auhorie
70 properly discipline menbets has received udlel
aeeta!ua. that authority hAa boeu fully sustained.
la fur Ca1ea Wheroln nombefs hare claimed to b
s9graSed by tho action Of the board, thay hare ~
pealcd to the huprsns Court Of tho ktate and thos
.ti awaiting hnsl dsea!oa by thas tribunal
'fhH HDntl the fDl1axt vfha
nn4l lecis!on u reached they will nnd themHelye
clothed With ample Isuwer Of discipline, u uaed viii
] judgment aud discretion.
TUE uxaERAL uua.sEss TnANuAorxp
BY ths neuless Ut ths Association during tie yea
fzetoEy results. The crops OF TINT portion OF th
country vAosa outlet to market IL found through o4
I city havv ttsu modsrsssJ fsir, though Iess in ID
kniouns OF thslf yiel.1 than In soma of tho feeep
years.. Tho volume Of our ishoas In cu1oals hAs bee
somewhat rstuced. Thls haAy Ia partly accounted to
by eas production. ba It II not 10 be dlsxuIssI thss
i, TnE RATES MADE ron TRANSPORTATION
| BY compeilnX railways have tanded 70 divert hIg
Aaounts Of property lhat would under ordinary eli
oastance. Lava found IL Way TO market through tL1
city 10 Other channels. This diversion hJ EAi
ot lArgs Quantities of grA'n sud freight Q
evsry description through Rna around Gu
city u sonntttles spoAsa Of thEsAtsnnK tha psi
m1osncy Of our 9tAlAon. While do not regard thi
dvarBo1 ~ permanent any sSrtous eauas Of alsEu
"a aur trads Il IL worthy ol mention here that III
Sans cAusts which brought tbs great pAnto Of 1s7
Att now II work 1&5AliQK &}pO$4 InpIRKpkU& 10