The Portland daily press., 1882-01-10
BOARD OF TRADE.
Reading of Annual Reports and Election
of Officers.

The annual meeting of the Portland Board
| of Trade was held at the rooms of the associa-
| ton last evening In the absence OF President
| Anderson, ex-President Hersey presided.
The following reports were read, discussed
| and finally adopted. The report of the mete-
rological committee was warmly discussed, but
| the united opinion appeard to be that the local
| officers were in no way to blame for the de-
| ects of the system. The opinion was also ex-
pressed that the defects which are so apparent
would in time be remedied. The flying OF
storm signals so long after the weather had
| cleared appeared to be one of the principal
points of objection.
sECRETARY's REPORT.
To the Officers and Members Of the Board Of
Trade:
beg respectfully to report that there have
been held during the year IL meetings,-14 OF
the managers and OF the full Board. -Four
meetings were adjourned for want of a quorum
-Four persons have been admitted to member
shin and one member, Capt. Joseph Mount
fort, has died. Capt Mountfort held the office
of Port Warden at the time of his death, and
was faithful and acceptable officer.
The Board OF Trade now numbers 155 against
154 members last year. have received for
admission fees and assessments $454.29, and
have paid the same to the Treasurer.
The Merchants Exchange has at this time
1856 paying members, the smallest number since
its organization. The receipts from suDscrlp-
lions to the Exchange have been Sl,2l1.7l,
making the aggregate receipts from all sources
for the year $1,732, not enough to meet the
current expenses by more than WOO.
Among the subjects which nave lem engaged tne
Bill on Interstate Commerce, "a New Ma
tional Bankrupt Law" canadian Reciproci-
ty,' Chow best to prohibit adulteration OF
food and Drugs distribution OF the Balance
of the Geneva Award" exemption Oh the
Industrial Exhibition seTo Further Perfect
the Efficiency of Life Saving Stations"
General trade has been quite prosperous
throughout the year; some branches mucn
larger than ever before, and business is gener-
ally on better basis than for several years. 1t
is matter for congratulation that there have
been no important failures in this city during
the past year.
The manufacturing industries are progress
sing favorably, good mechanics are in pros
porous condition, and small, diversified manu-
factories should receive more attention and
encouragement from our citizens IN Iature,
since it is the bone and sinew that contribute
so largely to the prosperity OF every city as this
Board has SO often hitherto urged upon tne az
tention of its members.
The various transportation lines lthough
some have been tardy in recognizing the fact)
are beginning to realize that it is for their in
terest to cater for the great resources which
Portland offers as centre for large and
growing business, and are providing. for sue
cessful competition in this direction by extend
ing their lines and furnishing the necessary
equipments for the quick movement OF goods,
which leads MS to hope that there will be DO
further need for this Board to complain that
any corporation is SO blind to its own interest,
as to discriminate in its tariffs, to our city's
disadvantage. Our population is steadily in
creasing, and the city government should be
encouraged and strengthened in its efforts to
reduce taxation as the one thing now most
needful to invite both capital and labor with
in our borders. M. N RICH, Secretary.
TREAsURER's REPORT.
Charles S. Fsbes, Treasurer, in account with Port
land Board of Trade.
DIR. ,co 90
Balance from old account .......S 462.68
Cash receipts from Board of Trade. ....... $4,000
&c sc Merchants Exchange. 127I.00
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