The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-10-03

The annual meeting Of the Tobacco Trade
association was held at the rooms OF The
Exchange yesterday at noon, Mr.. B. C.
Gray (presfd fdent) in the chair, General Pey-
ton Wise, secretary. 8. css.
The annual report .:of the secretary and
treasurer was read. During the year two
deaths were reported. At present there are
154 members OF the Association, firms and
individuals. The receipts during the year
amounted to .S2,717.12; expenditures, S2,-
107. .12-leaying balance Of 1910, which is
deposited in bank. .,. y,3 .t.s,1
! On motion Of General Wise, the follow
ing was agreed to-: l.ss.,. 81 &
RssoEved, That the usual conamittee Of
three members be appointed to examine the
books OF the secretary and treasurer; and
that the said committee be also instructed
to report any suggestions for the benefit OF
the trade 81.
Tile Chair appointed Maxwell T. Clarke,
lW.D. fGibson, and John George, under
Exchange on, Friday next at p. NJ.
|, Mr.. Clement r. Barksdale being in tine
chair, the Association next proceeded to
the election OF officers.
Mr.. n. NJ. Wilson nominated Mr. B. C.
Gray for president, and he was unanimously
reelected
On motion of Mr.. w. j. Yarborugh, Mr.
james A. Scott was chosen yice-president.
For secretary and treasurer Mr.. Morton
nominated General Peyton Wise, and he
was duly reelected. ..a4.s
The former standing committee were also
reelected, rs follows: Messrs. S. NJ. Bailey,
G. r. Barksdale, W. G. Miller, j. T. Hutche-
son, j. FL. Martin. ~.
The Chair appointed Mr.. Wilson to escort
the newly-elected president to the chair.
Mr.. Gray said he would not occupy the
attention OF the Trade with any remarks,
but only thank the members for the compl-
ment paid him and assure them that he
would exercise his best ability for the in
terests Of the Exchange. [Applause.l
The officers having been elected, Mr..
James A. Scott presented the following,
which he said had been prepared by another
member Of the Exchange, but which he en-
dorsed, not on account of any clamor against
the Exchange but because he thought there
ought to be q change:
Whereas many years ago, in consequence
Of the increasing growth Of tobacco in Vir-
ginia and North Carolina, and in later years
the large quantity Of tobacco sent to this
city from the West, it was deemed expedient,
for the purpose OF afording buyers and sell
ers better facilities for transacting their
business, to form this association; and
whereas the formation of this association
gave great dissatisfaction to large number
of buyers, with some sellers, and there is
eyery reason to believe that the dissatisfac-
ton is increasing and becoming more gene
raj; therefore,
Resolued, That committee of - be ap-
pointed by the president to consider the
expediency of abolishing this association.
ReSolued, That if the said committee deem
it eXpedient not to recommend its abolition,
that they be instructedto secure some more
suitable location than the one now occupied.
RESOLVED, That the committee be urged to
act without delay, and are hereby authorized
to call meeting Of the association When
ever ready to report.
Mr.. William D. Gibson presented the
following as q substitute for Mr.. Scotts
resolution. =. s.a
RESOLVED, That the experience Of twenty
years OF the working OF the Tobacco Ex-
change has resulted generally to the satisfac-
ton OF the trade, and this meeting desires
continuance of the same as at present Or
ganized, provided the rules and regulations
be strictly enforced.
The resolutions were discussed very
warmly, and finally Alr. Gibson's substitute
continuing the Exchange was adopted by 0
large majority.
Mr.. Scott then presented the following:
ReSolued, That committee be appointed
to recommend some more suitable location
than the one now occupied for the Tobacco
Exchange.
Referred to the standing committee.
The Chair stated that he would take time
to appoint the committee called for in Mr.
Scott's resolution.
Adjourned.