New-York tribune., 1881-10-27
LOCAL MISCELLANY.


IrNRJyIY CONDUCT OF MERCHANTS.
rpp MEETING OF THE PRODUCE EXCHANGE YEsrER-
pAY-IIL-TEMPERED DISCUSSIONS AS 10 lhi
REST WAY OF RAISING MONEY FOR THE NE"
p1rtDING-" RIoToUs AND UNMANLY MAN
NERs"
The general meeting of the Produce 70
Yesterday called TO consider the Pt nrics of
in;t the rembership TO GOO or to raise te picV& ~ w
seats 10 81 900 was the most lndecoIoas ioWS III @
history cf the Exchange. The loors anu & srs ,,snt
xyere hacked with members. Not only Weiio l"1 ~
~ raamarks addressed 20 President Fafhet, Mlo
nrss,ded but speakers We're interrupVeu anu I nsSG
William H. Fox was the ntiG sPeaS0 So Noo n Ue said
tIat former petition signed by l3| InelnDers 10
call a meeting to give expression IN regard 10 tho
new building was lald on the table, ana IL was INC
frst Instance of the kind in his experience as
member of eighteen years standing mat the b0dIu
had refused to scknowIedSe Tue rSnts oi nJ lin
to order amid a storm OF appToH0aal6; pn Ha6
Mr. Fox then explained how nearly, 81 1,oO0co
might be raised by limitation OF memDership, a;G-
ing that scoe members of tie Board werG m9niil nn
cent enough TO propose to assess each member S0Vo
toward pnttiag up the new building; lie saw no
ether way to raise money thah ny nn"'"''''
George G. Martin presented a resolution authorizcc
ingthe Board to take steps 70 increase ILo ''i H
membership to $40 900 after January j. next: re,
with many others was opposed to the hInitanoh
scheme but believed that the seatS were Mota VA
than was charged at PRESENT ne i; SS
no modification of the plans Of the new o4llulg as
The future had great possibilities Tor the EAcuingo,
and it would be found not any too large i'll a ie"
years lit. e..:
Enitetinn Of membership. Ii was unfortunate
calculation be said, which led the members 10 be-
licva that tie new building would cost less than
So 600 900, and 1t was necessary 10 raise i4ls
amouut at cnce. The new building should be
worthy of the character of the comHerciai meropo,
lis of AmeIiCa-a monument Of tue hDeIauty Goou
taste and euterbrise Of the merchants Of Ncw1ork
10 raise the money necessary by an increase OF the
Initiation fee, would be failure he would pro-
a.. .l,f.ta f.npT mani nsI-
Gents and persons doing business III the CITY,.
Mr. Martin was opposed TO limitation ana to re-
stricting membership.
report from the building committee, ana contlhue'
to talk i'm rambling way. lie was hlSsc'anI
called TO order by nearly every person present. e
lanes NeIiee claimed that the meeting pre-
,,ature The Board had not told the members
1vbat the huilding would cost nor asked them i0r
their opinions. llllsSes ana crleS oil Go on 20 on
lie tn lght the most sensible thing Tor the inccthS
to do was to adjourn, bat TO appoint cphIeIVico @
committee first. He nor any OF the members was
nrepared with facts figures 10 vote lteIIgehtiy,
and lac therefore offered resolution to reler the
ortire matter TO a committee of five TO meet Wllh
the Board aud the Building Committee, and aiter
obtaining facts and figures To report back !" Inc
Fxchange lie had heard it stated that the build
;nc would cost Fl OO0. COO but he was prepared to
say that 1t would cost at least, - 2jOOOO (iilsSs
and cries of You are out of order, and 20 On )
"When YOU have raised S75O,OOO' ne con
tinued. from the 800 additional HelAne'snlps'
Won will have $5O0,O00 more to raise 70 'ueet
Inc deficiency II has been suggested that inc
Board should increase the annual dues 10 @t3e:. a.
they can increase TO that amount they can 10 $2OO
which would be virtually an assessment" here
President Parker called MIR. McGee to ordef
and made an explanation which Mr.. Niece treated
snrcastically and Mir Parker again called him 10
order and in an angry tone told aim he dld not wash
10 I've misunderstood or misrcpresented The uproaf
was so great that Mr.. McGee inally took his seat.
Archibald Montgomery had only said few
words when he was called to order and warned to
SNEAK 10 the motion. Not being inclined to abide by
the su uygcstion the meeting became uproarions, and
The sneaker sat down. The confusion sutsding, he
AGAIN arose and appealed from the decision of the
chair. The simultaneous shouts frcm more than
1000 ibroats again forced the speaker down. but
he arose again to meet with a repetition of the mp
roar Then c. W. StTachaD. seeing that the mem
hers were fast leaving The hail. shouted: sit
down and dry up. You're thinning cut the crowd
Then MI Montgomery arose swinging his arms and
shaking his fists those facing him began to threat
en-. bat so great was the confusion that his words
were lost.
Mr. Blakesley then reprimanded the assemDlage
for its riotous and unlaany manners aud begged
them as merchants not To degrade themselves he
effect was instantaneous. motion to lay on the
table Mr. Notices. resolution was lost, and the resO-
luton then adopted.