The Portland daily press., 1880-01-13
BOARD OF TRADE.
Annual Reports and Election o officers.

Annual Reports and Election o officers.
The annual meeting of the Board of Trade
was held last evening, Vice President Davis in
the chair.
Messrs. Frank Jones and Capt Joseph
Mountfort were proposed for membership
The annual reports were then read and ac-
cepted.
sECRETARY's ANNUAL REPORT.
To the officers and members Of the Board Of
Trade:
Your secretary would respectfully report:
That there have been held during the year Is
meetings; eleven of the managers and two OF
the full Board.
Two meetings only adjourned for want of
quorum.
/, Seven members have deceased during the
year, viz: Micah Sampson, John w. russell,
Capt. George w. Davis, Thomas X. Hayes,
Benz. Stevens Jr., William Hammond and A.
K Shurtleff-Mr. Shurtlrff being at the time
of his death, and for several years past, an ell
Gent member of the board of management,
The Board now numbers 152 members against
1879 last year
have received for admission fees and as
sessments $4,000 and have paid the same to
the treasurer.
The Merchants Exchange has at this time
1863 members The receipts for subscriptions
to the Exchange have been S1,270.5O, making
the aggregate receipts from all sources for the
year ST ,740.50.
take the liberty in this connection Of again
reminding the Board of the Importance of
adopting some system of action, to not only
prevent any further diminution of member
Ship, in both the Board of Trade and Mer-
chants Exchange, but to increase their men,
bership Sufficient at least to meet current eX-
penses, which have only been reached by the
most rigid economy in the past two years,
leaving nc margin to improve the rooms and
to introduce attractions necessary to keep pace
with kindred institutions
The Geographic news reports have, however,
been well kept up, and the Exchange well
served by the Western Union Telegraph Co.,
and have heard no complaints from subscrib-
ers during the past year.
Iregret to learn from the Superintendent OF
the Exchange Room that there are some per-
sons who on special occasions OF there being
important news on the Bulletins use the rooms
| and decline to pay subscriptions thereto. L
trust, however, that such as have feit CON
strained to pursue rigid economy during the
severe business depression of the past few
wears, will deal more literally with an institu-
ton of so much public interest as the Mer-
chants Exchange, and respond more readily to
it's demands in future.
OF the general business affairs of our city, [
need not occupy the time of the gentlemen
present in remarks upon a subject on which
they are all equally as conversant as myself.
Suffice it to say at this time that the past years
| business shows a decided improvement and
| presents striking change in comparison with
| the condition of affairs during the five previous
wears and that the New Year opens with still
| brighter hopes than its predecessor.
Respectfully submitted
M. N. RICH, Secretary.
| JAN II, 1880.
TREASURES REPORT.
| Mr.. Chas S. Fobes, Treasurer, presented
| the following report:
| Charles S. Fobes. Treasurer, in account with
| Portland Board of Trade.
DIR.
Balance from old account. I'D, 5o3.oZ
| Cash from NJ NJ. Rich, Secretary Board oo
of Trade. ................. 't,... Z 4'ooo
| Cash from e. L. Ring, Superintendent
Merchants Exchange. .......... ..... 1.21o5o
| Cash from o. G. Boyd, Treasurer Grocers On
| Cash from interest Observation-Disclosures. 1878
s5,266.7O
Cash maid Rich ............. $4,000
| Cash paid Superintendent Exchange SOO.OO
| Cash paid Committee on Collection. loo3
Sash ppaid for coal ....... 34.60
Cash ppaid for GAS ... 1855
| Gasb had for naners 1850
| Cash paid Sec. Board of Trade .... 22.O0
| Cash paid for water. ,............... IL.oOO
| Cash paid for ice 10
Cash paid for sundries. ACKNOWLEDGEMENTS. o29o
| RaIance To new account .............. 3,317.32
c5 oce 70