Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-09-25

I shall suspend every one that hear does
any of it after this
docs the rule provide for fine as we'll
as suspension!"
"No; the rule says they shall be sus-
pended
"I heard that it had been the
practice to fine such offenders, and
that.the informer receives part of the fne.''
''Such used to be the case, but the fine
was abolished about year ago. 1 think
now suspension is the only penalty"
''The only inducement then for any one
to inform now is desire to have the rules
of the board enforced?'
"Yes, that. And, as 1 said, the commits
sion men find it greatly to their interest to
have the irregular trading stopped"
''Isn't regular trading done over at the
call board after 2:30?"
eyes; they allow regular trades
to be made as late as $3.50.
Bnt that is separate institution. What
ever they do over there is not recognized
by the board of trade.'
''Then if any members of the regular
board violate these rules they will be sus-
pended whether they belong to the call
board or not?'
Certainly. / had an officer over there
to-day to find out whether there were any
violators of the rule or not. The rule
does not prohibit trading out of hours in
offices or in the call board building, but it
applies to the board of trade building and
the adjacent curbstone and alleys"
MEMBERSHIP PRICES.
Opinion is divided as to the
advisability of increasing the
membership, many warmly advocate it.
Others, and some of the heaviest men, op-
pose it. Some of them scanned the list of
the signers and remarked that it was
mostly made up of names of parties who
would probably sell their tickets as soon
as they could get good prices, and of
clerks who reasoned that a higher iniita-
ton fee would increase their value to their
employers, and thus enable them to COM
mand or demand more salary. One lead
ing receiver stated that he thought the
tendency of such a rule would be to lower
rather than advance the price of member
ship. He thought limiting the number of
members to the board tended to make it
too exclusive, and gave people bringing
suits an opportunity to charge the institu-
ton with being monopoly. He felt that
the board ought to open its doors and let
In as many as wanted to enjoy its privi-
liges, and believed there would be plenty
OF room for more in the new building, the
main hall of which, according to one of
the building committee, is to be ''as large
as all out doors.7 Another member deem
ed it injudicious to raise the price till the
board had secured change in its char
ter which would permit it to hold more
property than itsean legally hold now. It
was also stated that fixing on such high
price would practically limit the member
ship, as few men would buy of the board
direct and pay the full price, $4,000.
Making the privilege of becoming a mem
Der so high would drive new firms seeking
to establish themselves into other smaller
institutions, and in time make them for
mldable rivals of the board of trade, On
the other hand it was said that higher
fee would make members feel their respon-
sibility more, and thus strengthen
the board. President Dunham favors it.
and thinks the change will be made with
out much doubt. He thinks a good many
members will vote for it. although they
may have no especial reason for doing So,
and that the effect would be to greatly in
crease the value of memberships. It is
not likely that anything will be done with
the insurance project suggested.