Los Angeles daily herald., 1888-04-10
large share of public attention. May he

large share of public attention. May he
ever rest in peace
The Trustees elected by the Board OF
Trade and Produce Exchange to purchase
site for the erection of a suitable building
went to work in earnest. The result of their
labors must be apparent to all. They did
not go into the original plan to ere ct a new
building, but preferred remodsli ling the OLD
one. getting sufficient income to pay inter
est on bonds sold, and accumulate a
surplus to be used in the erectlon
of large and commodious structure IN tEe
near future. Being one Of the tiustees, !
will dwell but little on the subject, but
would ask the members of this Board 10
come forward more literally, thus making
the task of the trustees lighter one. They
have yet to raise considerable money TO pay
for the property, and it depends greatly
upon you to hasten the undertaking 10 d
successful issue. ,,,
To the directors of this Board, would
tender nv sincere thanks TO the nearly CO.
operation and support they have given me
during nv term OF Office. They have re-
sponded at all times promptly TO my calls
for regular or special meetings, and l sin
with the success in life they so well d.
serve.
at the same time lest year; but the money
| we have expended has been invested
iudiciously, and for the interest of this
Board.
would like to call the attention OF this
Board to the meeting OF the Sovereign
Grand Lodge of Odd Fellows in this city on
knows, of many OF the most
prominent men of the United States,
and people to visit our city. It is therefore
| important that we all put our shoulder to
| the wheel and receive them in proper
manner. The city should be robcd in bOli
day attire, and during said Sc ssion all llcitizens
a q
| other in their attention to our visitors We
must see that every one is properly housed,
| we'll entertained, and not overcharged. 1t
will in my estimation do more to advertise
we can resort to, snd thus by PR per man
agement bring forth golden fruit. The Ex.
ecutive Committee appointed by the several
lodges of this city, both on finance and ar
citizens, and I hope and expect that they
will meet with hearty co operation, and
be successful in their undertaking.
Our attorneys have rendered this Board
good service, and while the failures have
been few, and their lahors less than in the
year previous, they have nevertheless rem
dered to each member material services,
ana have ever been ready to retpond to any
new Secretary has taken hold of his
duties in good shape, and have
no doubt but that he will prove the right
man in the right place. Our Assistant Sec
y,
derfully in the past year. He has been in
dustriOus and attentive to the business of
this Board; and during our late Secretaiy's
illness performed the duties of both Secre-
tary and Assistant Secretary in creditable
manner. l hope the incoming Boar d will
appoint him, and incEease his salary; and
whatever he may undertake in life, sin
cerely trust will prove successful.
Many of our members are in arrears fO-
duee, and would ask these to pay up, as
our treasury needs replenishing. Our by
laws should be 80 amended as to prevent
any member voting at an election wnen
over six months in arrears.
Since the establishment of the Los Ange-
les Board of Trade good work has been per
formed by it and its officers. Almost every
small city in the State has established an
Their aims and purposes are quite different
mercial institutions, but simply i'm
migration bureus; still they have seen
therefore would suggest that the name of
ours be changed, and that it be called the
Los Angeles Merchants Exchange; this
would think give this Board name ade-
| quate to the prominence it deserves,
In conclusion desire to congratulate the
| Board upon its fOurishing and growing in
| f1uence. and the flattering prospects for the
| continued prosperity of oar section; and to
| experience increased success during the
year we enter upon.
EUGENE GERMAN,
Presi lent
Secretary I. II. Ward read report
showing the financial status of the
Board. the total disbursements for
( he year were s., ,495 13. The receipts
were as follows: Dues 3,7O2. 90,
membership fees 5000, rents 5000,
attorney and board fees 1897. .16, re-
turned advance money $l66.15, in
terest 1892, commission $11.OO,
amount in bank 81 ,S04S6.
The Treasurer reported balance
on hand Of $2S657.
The attorneys for the Board, Messrs.
Graves and O'Melveney, represented
by j. A. Graves, presented report
showing the number of suits brought
in the Superior Court to be 81, in
Justice Courts 5, total 81; number of
attachments 10, insolvency cases 7,
assignments for benefit of creditors 5.
The different reports were ordered
filed and referred to the Finance
Committee.
Col. H. G.. Otis offered report of
the committee appointed at the last
annual meeting to revise the bylaws.
lQe report TeCOlnmonuoQ the aDOllSn-
ing of the system OF voting by proxy.
Atty. ]. A. Graves stated that for
one he wished to be understood as
opposed to the proxy system.
Genl Mathews thought after can
vassing the matter thoroughly that
members were dilatory for the simple
reason they could vote by proxy.
On motion the report was referred
back to the committee with instruc-
tions to amend it to conform to the
statute, it appearing that the change
sought for-.hat Of abolishing the
proxy system Of voting-could not be
legally effecte without giving twenty
days notice Of such change.
| Col. Otis moved that the election
be postponed for thirty days, stating
that Mr.. Graves, Attorney for the
Board, had promised to confer with
the committee and properly revise
the proposed amended bylaws. Car
ried.
An adjournment until Wednesday,
| TIL tho OH xroo 1oo1o