New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-02-26
4 NEW STOCK EXCHANGE.

The subjoined letter was sent to THE TRIBUNE
office last night. OF the signers Mr.. Window is
the Minnesota Senator and ex-Seeretary of the
Treasury. Mr.. Gambler IS an ex-presldent of tho
Boston Board of Trade, and Mr.. harrington is a
wcll-known tea merchant of this city. Mr.. Clark
i. cashier of the American Exchange National Bank
WRILEs BUILDING. No. Is BRoDwAY,l
NEw-YoRK, Feb. 20, 1888. !
Circulars issued short time ago to ascertain the feel
ing NJ the community with regard TO the formation OF
new stock Exchange, the answers 70 ~hcn were et 20
Dumont clarke, esq, trustee, resulted IN applications
for large number Ot seats chiefly from persons III ana
near New York IL Is deemed me- oNneccd 't
Influential houses distant from the city, In order 10
provide directly the surest source OF business LOT 'he
NSTSeT YorE 5as become the commercial and financial
centre 81 this continent The grea DulK oil commerce.
manufactures. transportation aud exchanGe centres
here and ready medium for bringing the stocks bonds
and other representatives OF properly 70 the o
capitalists Is necessary Concentration OF TINS business
nducrs IFS cost and reduction or expense increases lts
volume Therefore increased facilities for the 9usness
referred to be required, as shown py inc arse
rponse 10 the circular referred TO- when also seems %
indicate success and value OF tue seats
the cost. o,,o..o, ., oot M +rrs
tees have accepted the position. - ,,, Il,
Fjve hundred seats in the Exchange will be sold
,or a 600 each When these issued Board Room
VIII he provided FOR immediate business ana II Is pc
eyed that the new Board will be able 10 open ON the
o ne sold M such rices and such conditions as
shall be hereafter determined.
rho undersigned trustees propose; A..
firstITo secure as far possible as members those
nersons WHO will contribute TO the success OF the TX
change. -, ana -, cha ova hun
d seats first allotted shall receive one or series or
one thousand certificates OF $1,000 each payable on or
Gscore Nav l. 1893 without interest secured upon rear
st te aud Improv ements thereon in the city OF New
Yr deemed by the undersigned to afford adequate Sc
curly These certificates Will be assiguaOe. -,
TJird-To provide the members WIN sultaplo TX
change room for ten years, rent free. ~,
to,IrLO hold all communications conndentlal untll
rho are issued and thereafter as long as desired oy
the applicants . .,.... ao,a q, ,orr annl,ca
% togcther with check FOR So 900 to the order or ono
OF the Undersigned trustee ortbe Amer can Xchango
V,tioroI Bank FOR account OF the undersigned rms
IN o00 NAV be withdrawn at time prior to the seats
heinz issied II an applicant is accepted, u re,
Can't sDecifying the Obligations or the Undersigned
trstees will be given. and the details or organization
etc will be forwarded to him as SOON as pre-
nsrcd II these are not satisfactory the receipt may
he returned, and the money VIII tnch DO ro,.nucu'
Provided sufficient number accept the proposed terns,
me exchange will be organized as the trustees may
hereafter decide, either as voluntary ASSOCIATION VI
under an act OF Incorporation. .,,,o. -, ,,o,.,,
80 line before the seat 10 issued, aud to make selec-
lions from the applicants without reference to prior
i,on9 ai.."i,cation WILLIAM WINDOW,
ny VI ~PP''" JOHN w. GAMBLER,
HARVEY PARRINGrON,
Trustees.