Omaha daily bee., 1884-12-09
THE BOARD OF TRADE.
ThG Proposition 10 Buy a LIT Fully
Discussed.
But No Action TasCn-A Fun BOARD
and an Interesting Meeting.

Last nights meeting OF the Omaha
board of trade was the most important
held for many months, both in point Of
numbers present and business transacted.
The board was called to order at s o'clock
by President Falconer, whose neat bnt-
ton.hole bouquet gave him a senate.
rial appearance, which his conduct of the
meeting bore ont.
Secretary Gibson called the roll, and
The minutes of the last meeting were read
and approved.
The main business of the evening was
then brought up in the shape of the reso-
luton laid over at the previous meeting
to assess zach member of the board 500
for tho purchase of a lot to be used as a
site for a Chamber of Commerce building.
Mr.. Gibson stated that the committee
had spent sosae time in looking up avail
able building lots and had fixed upon the
city property corner of Farnam and
Sixteenth as most advantageous. This
lot, sc by 132 feet 10 now partially occu-
Piled by No. 3 engine house. A confer
ence was held with the city councilmen
and county commissioners, the former
being DESTROYS of purchasing the old
court house and grounds for city purposes,
and q kind of three cornered agreement
was made by which the board would get
this lot and one on the corner of Ninth
and Harvey streets, also belonging to
the city, the city would get the court
house and site and the county commits
sioners get the cash they. need, which
will be $12, 900 to $14, 900. The price of
the county property will be fixed by ap-
p~raisers and that will settle the whole
business.
Councilmen Hasosll and Anderson
were present and the former conirmed
the statement. He thought it TO the in
terest of the city to give the proceeds of
these lots 80 the county for her equitable
share in the court house cad grounds, the
city having an equal interest, The house
would furniah the city with vaults and g
council chamber that would be adequate
for the city g needs for five years to como.
The property will be sold at appraised
valuation and the appraisers will keep IN
mind that the board of trade is to be the
purchaser.
Mr., Gibson moved the adoption of the
resolution and spoke of the necessity of
d live, energetic Trade Board, common
surate with the growing Importance OF
the city. Burlington with but $4,000
population has o Trade Board and
is about to build Chamber
of Commerce. This board has
heretofore been assessed but So per year
for each memember, but by the proposed
assessment of 500 per member, the $l3,.
900 required to buy the property could
be raised. To erect a suitable building,
proposed the issue of 500, 900 6 per cent
ten years bonds, and suggested that the
Chamber of Commerce would be a four.
story building, covering the full lot,
have a basement, and that Its rentals and
membership fees would go into a sink
ing fund to eventually pay off the
bonds.
Judge Lytle moved that the paid up
capital stock be forever worcestershire,
and w. d. Marshall suggested a change
in the holding of snares.
John l. Redick wanted it understood
and provided that no salaries should be
paid any officers except upon a special
agreement.
MI. Wakefield moved that the assess.
ment be ordered, to take effect January
LIST.
Max Meyer moved that the board of
directors consist of nine instead of seven
members. Adopted.
MIR. Hascall moved that the number OF
vice presidents hereafter consist of two
instead of four. Mr.. Shelton, amid
laughter, waited to amend the motion SC
as to elect seven vice presidents, so the
honors would 60 around, but Hascalla
motion was adopted.
A long discussion followed On The
question of the right ..of a member TO
transfer his stock or membership ticket
for a money consideration and argued that
as it was one man could buy up all the
stock, elect his own president, treasurer,
etc., and run the concern.
bir. P. e. Her advocated a total revi-
sion of the articles of Incorporation and
that no member of thu Board bs allowed
but one vote on the floor.
Mr.. Hitchcock moved to refer to
committee of five to revise and report al
an ad burned meeting. Lost.
At length a motion to adopt the new
articles section by section and thus finish
the work while 30 large a quorum were
present, prevailed and this occupied the
larger remaining part of the evening.