The Cincinnati daily star. [volume] ([Cincinnati, Ohio]) 1875-1880, 1879-02-07
NEW CHAMBER OF COMMERCE.
Reports of the ttee.

The Joint Committee OF the Chamber OF
Commerce and the Board of Officers met
yesterday afternoon to hear the report of
the subcommittee to whom was referred
the plan proposed by Julius Dexter. Two
reports were submitted, and after some
discussion portions of both were adopted as
follows:
Your Committee to whom was submitted
the matter of preparing some financial plan
by which a new Chamber of Commerce
could be had, have duly considered the
question, and beg leave to submit the fol-
lowing plan, which they recommend be sub
mitted to the Chamber of Commerce for its
adoption or rejection:
l. The Board of Officers of said Chamber
shall appropriate such an amount of its
surplus funds as in their judgment can be
safely spared for the erection of building
| to be used for the Chamber of Commerce,
| upon such site as may be selected in a man-
ner hereinafter provided.
| 2. That the members of the Chamber
shall be solicited to contribute in money in
installments, as it may be required and
| called for, not less than 500 each, and as
much more as any one may be willing to
subscribe. That each member contributing
800 shall be entitled to rebate of $6 an
naully from his yearly dues TO the Cham
ber and members contributing more than
500 shall be entitled to a rebate in equal
proportion; but no subscriber, however
large may have been his subscription, shall
be allowed to deduct from his annual dues
to the Chamber more than the simple inter-
est on $780, That to members contributing
800 or more shall be issued certificates
which shall designate to each the sum 10 be
remitted from his annual dues, and these
certificates shall be transferable, and on the
surrender of certificate which shall have
changed ownership, new certificate shall
be issued.
3. That these certificates shall not be of
any value to the holders until the beginning
of the next fiscal year following the final
call and payment of these subscriptions.
4. Any member of the Chamber may
subscribe $500, on condition that he shall
thereafter be exempt from all dues for
membership to SAID Chamber, but the GER
titicate issued to him therefor shall not be
transferable. and shall cease with the life of
the party to whom it is issued.
| 5. That the question of the selection of
a site for the proposed new Chamber of
Commerce building shall be determined by
ballot, and that all the members of The
Chamber shall be entitled to vote, and that
each vote thus cast shall bear to one vote
the exact proportion which the money APP
propriated by the Chamber out of its COM
mon fund shall bear to The whole subscrip-
| ton.
6. Every 800 subscribed shall have one
vote on the question of the selection of
site and erection of Chamber, provided
that no subscriber shall have more than FIVE
votes. The selection of a 81 e shall be as
follows: The Board of Officers of the Cham
Der shall fix q special time for voting upon
said Chamber AT least six da S before
any vote upon the question of site shall be
TAKEN all of the various properties and
propositions which may be offered to the
Chamber, with their terms. shall be printed
for The use of members, that they may vote
understandingly.
7. Each subscriber shall vote by ballot
for such location as he pleases. If more
than three sites are voted for, the two re-
ceving the lowest number of votes shall be
dropped, and the remaining sites voted for
at the next ballo; and this shall continue
until there are but three, when one shall be
dropped, and the site receiving the major
ity of the votes shall be adopted. The
polls shall be opened for each balloting for
time not longer than SIX hours, and there
shall not be a longer interval between bal
lots than four days.
8. That the final result of the balloting
shall empower the Board of Officers, with
out any further authority from the Cham
Der, to carry out its views as expressed at
the polls, and to appropriate the sum they
shall have designated, that may be safely
taken out of the accrued funds of the Cham
Der without any further vote by its mem
bers, and to take such other steps as they
may deem proper in furtherance of pro-
curing new Chamber of Commerce build
ing.
| Tho President WAS autbori1ad to Gil hp,i I
this to the Board to day, and to announce
that it would be considered on Wednesday
of next week
The Board of Officers were also requested
to advertise in all the daily papers, in case
this plan is adopted for propositions for
that if this plan is adopted the vote pro-
vided to be taken March 1st on the Fourth
and Elm site will be indefinitely post
poned.