New-York tribune., 1878-05-14
STOCK EXCHANGE ELECTION.

GREAT EXCITEMENT OVER THE CONTEST.
BRaYToN IVES UNANIMOUSLY ELECTED PRESIDENT
MOSES A. wHEELOCK'S DEFEAT-TIIE GOVERN
ING COMMITTEE DIVIDED BETWEEN REGULARS
AND INDEPENDENTS.
The annual election at the Stock Exchange,
yesterday, unusually exciting, and drew out tue
largest vote ever pocd Ont OF total mem
bcrship Of 1,0G0 members, sl3 votes were
east. Toe chief contest over the election
OF Chairman and yIcc-Chairman between the
friends and opponents Of Moses \. Wheelock. MI
wGcoock has held the position Of Chairman, under d
fereut titles for twcntysovcu years. and suffered, yes
tesday. his first defeat since becoming a mem
ber OF the Exchange. Last Summer he resigned ahd
james Mitchell was nominated TO succeed hlm n
few days before the special election MI Wheelock
was rcadmitted a. member, and announcing
himself as n candidate, nc was elected by four
mliority. Subsequently unpaid contracts were
presented against him. and he was again su3-
pended. His creditors made him an involuntary bank
rupt. On the adyic OF his counsel that he was virtually
discharged, having arranged composition III bank
ruptcy, Mr.. wheclocE applied for readmisson at the
regular meeting the Committee on Admissions last
Thursday aud he Was rejected. The regular ticket was
then filed by selecting James Mitchell for Charnan
and I. ". PItchcn for Vice-Chailman.
on Saturday at special meeting Of the Committee On
Admissions another ballot was taken and Mr.. Wheclock
was readmittcd. This action the Governing Committee
set aside the ground that action on readIulS-
sious could only be taken at regular meet
ing. This gave offence to Mr.. Wheelock and his
friends aud they wcrc loud In condemnation When the
stock Exchange opened yesterday morning. VicePres-
dent Stead read the report Of the Governing Committee
declaring Mr. Wh,clock ineligible for Office by reason
of the action OF the C,mmittce Admissions being
unconstitutional, and therefore null and void.
Mr. Whce!ock then announced himself a candidate
for reelection outstanding the report of the Gov
H., .la aps hat n1
bounded and prosecuted FOR months, and he appealed
for the support Of all members Of the Exchange who
were opposed 10 persecution.
The polls opened at 10 o'clock and until the close az
. o'clock In the afternoon, The excitement ran high
Eight tickcts were In the field called Regular" Rota-
ton and Reform" Regular Independent and Consery-
alive" independent" Compromise Independent
and Comuromise" aud two Conservatives" There was
10 contest over the executive officers al tickets
beng beaded by the name Ot Brayton Ives
for President. Tho election did not Interfere
with the re ar business Of the Exchange, most Of the
canvassng being carried on In the n"ghboring saloons
and on the sidewalks Among the incldcnts OF the day
was tho appearance of printed ticket containing
the names OF Bonner and the Meters for Govern
or four year. in slug Sing being the term OF Office The
regular ticket commanded solid strength, the oppOsl-
lion being spit mp. aud only few OF the tickets OF
tie sppoStOn containing tho same names The
chief contest was for Chairman and Vice
Chairman, but there were sOmo struggles over
candidates for the membership OF the Gov
cgning Committee Tho younger members o.
the Excnangc took very earnest interest In the
composition OF the Governing Committee They desired
"a secure n new committee IN favor Of lower Comms-
sons open and regular detailed reports OF the
financial condition of the Exchange.
RESULTS OF IHE CONTEST.
when tie polls closed and the telers had retired to
count the ballots the excitement ubltch and few mem
hcr Of the Exchange remained to learn the result OF the
count The vote for Chairman stood:
-. ,tl,,h.u Regular .......... 5I7