The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-10-24
TeBACCo ExgIfANGE.
Result Of. she Meeting Yesterday.

REPORT OF THE COMMITTEE on RULES
{ AND REGULATIONS, AND THE SELECTION
OF. A BUILDING FOR THE EXCHANGE
{ AMENDMENTS ADopTED-OTHER NAT.
TIERS. - 5fss ysg 39
A largesy-attended meeting Of the Rich
mond Tobacco Trade Association was held
yesterday at noon in the rooms OF the Ex-
,change-Mr. B. C. Gray, president, in the
chair; General Peytan Wise, secretary. $, ~
MF. Maxwell T. Clarke, from the Commit
tee on Rules and Regulations Governing the
Tobacco Exchange, and the selection OF
suitable building for the Exchange, pre-.
sented the following report: ~ 4
To the President and Members OF the To-
bacco Exchange
Gentlemen,-Yourc committee beg leave
respectfully to report that in accordance
with your instructions we have carefully
examined the books of the secretary and
treasurer, and find the same not only pro-.
perly and accurately kept, but correct in
every respects showing a balance on hand
and to the credit Of the Association on the
Sth of 0efobery 1876, the sum OF SS28.93-a
considerable increase upon the balance re-
ported ON hand at fthe same time twelve
months since. Wewould recommend that
the account Of the Association shall be kept
in bank, in the name OF the Treasurer OF
the Tobacco Exchange" bearing six per
cent. interest on balances. Upon com
parison OF the list OF membership
with the receipts Of the treasurer,
we regret to report a large number OF
delinquents (as shown by the treasurer's
books on the part OF members who have
| availed themselves OF the privileges OF the
Exchange, and yet haze omitted to pay
their dues up to the Ist OF July, 1876. we
would therefore recommend that the trea-
surer be instructed to notify such delln-
quents of the amount due by them, and
should they fail to pay the same within
thirty days from such notice that he shall
furnish list OF said 'delinquents to the
president, erase their names from the roll Oh
membership, furnish the auctioneer with
the names of the same, and notify them OF
their exclusion from the Exchange as bid
ders upon tobacco.
Your committee feel great delicacy In con-
forming to your instructions, in the further
consideration cd the rules and regulations
governing your Association, as well as other
matters conducive to its success and pros
perity. In the consideration Of such mat
tiers we deem It ITO be our part simply to
call the attention OF the members OF your
Association to such errors as have been OBJ
served or brought to our attention by
others, and to suggest the means OF correct-
ing the same In regard to your rules aRd
regulations, we can but express the opinion
that they are mot only well conceived, Just,
land proper, but quite sufficient for the gev-
ernment of the. e.Association il adhered to !;
vet we regretto express the opinion that
| they are 3snaHch more honored in the
breach than in: the observance ana an
order to enforce the same, as far as possible,
we would recommend that the Executive
Committee shall be annually appointed by
the president; and that it shall be the DUTY
OF such committee not only to aake
cognizance .ef all matters relating to
the keeping and condition Of the Exchange,
as we'll as a,l,subiects arising from sases IN
dispute andtrequiring arbitration, 6uf shali
also consider and report upon all Vioiss!ons
of rules andregulations governing the'Ex-
change, as vel as such other matters ,aris-
ing from AM impropriety or rregulariay In
the trade, either likely to affect the charac-
ter and dignity OF the Association or tee IN
| terest oi its patrons.
And we would further recommend 'that
no citizen OF Richmond or Manchester not
engaged directly in the sale or purchase OF
| tobacco shall be eligible to membership, nor
shall be admitted to the rooms OF the Asso-
ciation; and all sucn names now upon the
| roll shall be dropped at the expiration OF
the fiscal year. s.
It should be the duty of said committee,
or aEy member thereof, to report TO the
president any member Of the Association
guilty of violation OF the rules, or OF lmpro-
per conduct during the hours prosecuted
for sales in the Exchange; and for suchto1-
fence the president shall promptly admoH-
ish the person so offending. For the second
otfeneelby the same party he shall be hnea
not less than SO, nor more than Slou, or
shall be. expelled from the Association, un-
less excused by two-thirds of the members
present. Upon the report or assertion OF
any member of the Exchange that there rs
lust and sufficient cause to believe that
any irregularity, impropriety, or violation
of the rules has been perpetrated
in regartl to the list-book, it shall be the
duty OF the Executive Committee, or amy
member thereof to whom such repert
shall be made. to promptly take charge Oh
close, ana fully investigate the enlistment
upon said book, and report the result OF
such investigation together with the name
OF the party so otfending) to the president,
who shall, at the proper time. call a meet
ing Of the Association, and report the Facts
to its members for their consideration and
action.
We would further recommend that the
list-book shall be kept by the auctioneer,
shall be entirely under his charge, and all
entries or enlistalents in the same shall be
made only by himself or his deputy, and shall
only be made when the list (of such tobacco
ne is TO be entered therein) IL received IN
aorit;n0 from;the party desiring such enlist
ment, and iis accompanied with the aftirma-
tion that the tobacco to be so enlisted is at the
time in the city; which application, with
the proper and corresponding GATE to that
OF enlistment, shallsbe fled and kept by the
auctioneer as ayoucher for such enlistment.
Your committee do not desire to go De,
| yond the duties assigned to them; ana
| trusting that their report will be regarded
as merely Suggesting such matters as may
promote the interest tef the Association,
they can but refer to growing evils detrl-
mental to the interest OF a large proportion
of members, and likely to prove equasy SO
to the growth and prosperity OF the traae II
not speedily checked. 80 80.
We allude to 3 violation. of your rules IN
not designating or announcing, either kn
private or public sales, whether the hogs-
head or package offered be strictly plant.
er's. - or "factorysr or reprtsed" tobacco.
This subject has haea frequently brought 10
the attention OF the arade, AND Snrtner COM
ment is unnecessary. We maySs we'll refer
10 the same error In aot designating satis-
aactorily whether hegshead or cask mas
~ ,os n 600 nfad-a distinction