The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-05-12
THE STOCK EXCHANGE.

CONTEST OVER THE ANNUAL ELECTION or
oFFIcEns-FouR. TICKETS IN THE FIELD.
The annual election Of officers Of the Stock Ex-
change, which takes place Tomorrow, promises from
all appearances be very exciting AZ there 10 con-
siderable opposition 10 tho regular ticket among
tho members Of the Board. There arc already
four tickets In the field and promise OF 18th before
the baliotng begins. The tickets, which have APP
poarcd, can ciassed as regular. independent and
conservative There Is q general unanimity among
tho different factions about the Offices OF president,
Secretary Treasurer and Trustee OF tho GratuitJ Fund
The whole trouble seems 10 lie in tho choice OF q
chairman, vice chairman and members Of tho Gov
ernDs COMMITTEES.
Tee regular ticket reads as foIows:-For Presi-
dent--Brayton Ives. chairman-James Mitchell
Vice Chairman--Samuel W. Patchcn Treasurer
d. c. Hays. Secretary-k o. White. Governing
Committee (ior four years)-Henry Meigs. W. H.
Could, Samuel NJ. schafer, Theodore S. Ferry, J. j.
Higginson, II. Porter, Clarence 5. Day. Il. H. Har
riman, $. J. Harrott, J. w. Kilbrcth. Governing
Committee (ior two yearsl-Donald Mackay a. u.
Cahoonc, s. J. Drake, H. IL. HOLSTER, u. w. Mead.
Governing Committee Qor ono year)-A. T. X. Mar
tin. Member OF tho Gratuity Fund-RlcharG u.
Hartshorne.
The independents make change in the Governing
Committee as follows For four ycars-Hcnry Meigs,
r. B. Atkins, A. Wolf Jr A. b. Bayis, Howard
Lapsiey. s. g. Harrot,, J. j. HiggInson, X. L. Cutting,
II. canoone, H. II. Hoiisler. Donald MacKay. D. b.
Won Emberg. A. N. Kidder. For one year,. 7.
Bogcrt.
CONSERVATIVE TICKETS
There two OF conservative tickets, which
vary lros, the regular and independent IN the offices
erning Committee. The first puts Tor Chairman
Moses A. Mnceiock. Vice OBSERVATION-DISCLOSURES
Henry Mciss, A. schaicr, Howard i.apsey. Clarence
S. Day, H. 5, Terry, Henry G. Chairman John y.
Trevor T. H. Cutting ri a wo,n Is as = M hadsn
d. Is Van Embcrs, ). }. Drake, IL. H. Hoillsicr; Tor
year, H. ]. Boscr,.
Whcelock Tor Chairman and James Mitchell tor vice
chairman; A. B Bayls appears on the Governing
COMMITTEES Tor tour years in place Of T. ;. Ferry and
T. A. Martin the comn,ttce TO serve Tor Two years
in pace OF II. IL. Hostcr me rest of the ticket
rcspon Dis with the other conservative nominations.
The opposition to tho regular ticket oDg great
MANY ola members OF the Board seems to be because
The nominating co M mtteo ict or The name oil Moses
A. Wnc.ock who has acted as chairman Tor tho past
thirty years, ana who sce#s TO have gwen general
satisfaction. member o long standing ana oae d
though nc was inmical TO Mr. Wheeock
regulars in leaving him oil the ticket He maintained
that Mr. Whcelock was the only man who, times OF
dred thousand snsrcs OF s,ocN under the rule ana do
justice 10 both parties TO the transaction. He had
known him twenty years. and during thai tune had
seen him lean 10 one SIDE or the other
There never was man so eminently and absolutely
just IL his decisions. he considered the opposition
10 Mr. Whcelock SIMPLY as persecution, as he has
held the balance between contestants Tor thirty years
TINS gentleman also criticised tho action Of
the Nominating Committee in throwing OF tho
regular ticket the names OF ten members
oil the Governing Commlttee without even Informing
them OF the circumstances. Ho thought IL a very
unusual proceeding on their part IN casting the
OF Henry u. Chapman OIL the committee. Tho latter.
who had once been president OF the Exchange, ana
who member heid IN high estocm, this gem leman
says, should have been put GU as matter OF justice
II was predicted that the regular ticket would DO
beaten, as IT was very weak
MEETING GOVERNING coMMITTEE..
MIR. Wheclock tho gentleman referred 10 above,
by the Committee on Admissions special meeting
OF the Governing Committee, however, was called In
the afternoon 70 take some action IN tho CASE aud
they fused to give the press any Information 0t the
business transacted. saying that IT would be an
nounced from the rostrum Tomorrow. II was learned
from prominent member OF the Board that, IN
ms opinion. they refused 10 confirm the action the
Committee on ADMISSIONS, and thereby attempted 10
make Mr. Whceocx ineligible TO the Office OF chair
man. This wall BIO opposed w the iattrr's TRENDS,
who claim that the Governing Committee have no
power to review the action OF tho Commutee on Adj
| missions. No matter what anno ncemcnt IS made in
/ the Exchange they wii support Mr. whcelock, and
expect that ne viii DC elected b. large majority.
! Tao reason that Nj. Wheclock's name Vas dropped
| Is stated BY o,hor parties 20 have been because
he is personally obnoxious 10 great many
The Independents Claim that there has been ring
in the Board for years back, and they wish 10
break THIS ny changes IN the Governing Committee.
They claim that the Committee on Admissions turned
back every established precedopt and voted
to readmt member before his lnai discharge III
bankruptcy. ihey are Opposed 70 paying salary OF
So, 900 year to the chairman Of the COMMITTEES on
admissions, and assert that other members OF the
Governing Committee are wiling 10 perform tho
dulles without recompensc. Some members state
that the place oil chairman OF Que oil the sub-com-
mitees, made vacant ny his failure. was kept untitled
until his rcadmssIon and then no was reelected o
the vacancy Thcy also com PLAIN that some membe
are immediately expelled for overtrading others,
who nave reckiessiy specuiatcd, have been read
mItted
The whole thing it stands is very mixed, and has
created IN UGH discussion among tho members OF the
Stock Exchange. especially The older Ones who feel
slgnted having their names removed from tho
mttces where, they claim they did their duty con-
scieniiousiy and often against their own interests Ii