Los Angeles daily herald., 1889-04-09
AROUND THE CITY.
Annual Meeting Of the Board
of Trade.
REPORT OF SECRETARY WARD.
Regular Meeting of the Board of
EaWeatiOn-Rules and Regu-
latiOns Adopted.
REPORT OF SECRETARY WARD.

Yesterday was the day of the annual
election and meeting of the Board OF
Trade. Ddring the day the ballot box
was open, and in charge Of the Secretary
OF the Board. About seventy-five ballots
were cast, and the result of the election
was that the following gentlemen we're
chosen as members of the Board of Di-
fectors during the ensuing year: S. B.
Lewis, j. V. Wachtel, Geo. f. Dickson,
Q. Seligman, FL. Jeve, and L. N. Breed.
The meeting for the counting OF the
votes and hearing of the reports was held
in the evening. Mr.. Eugene Germain
called those assembled to order about
half-past eight. After the reading of the
minutes of the preceding meetings, the
following report was offered by the
Finance Committee:
Your Finance Committee respectfully report
that they have examined the books and &C.
counts as submitted to US, also the Secretary
and Treasurer's reports, all to the 1st inst, and
that we have found the vouchers and accounts
to agree. To your Secretary, Mr.. Ward, and his
assistant Mr.. Perkins, we desire to return our
furnished us all requisite information.
The President, Eugene Germain, then
read his annual address, which appears
elsewhere in the columns of the HERALD.
At the request of the President, Secretary
Ward read letter recently received
from Governor Foraker, of Ohio, sent in
response to letter Of thanks from the
Board of Trade for his courtesy to the
managers of the Southern California ex-
hibit at the G. A. r. Assembly at Co
lumbus.
The report of the President was re-
ceived with hearty applause, and was
ordered to be spread upon the minutes.
Secretary Ward then submitted the fol-
lowing report, which was also accepted
and placed upon the minutes:
NTH view of showing the great increase in
the commercial business of the Board, 1 sub
NIT the following:
Number OF cases on Register of
Actions April 1, 1888. ........... 12
Number of cases on Register of
Actions April l, 1889 ........ 1853
Number of cases settled duringla
fiscal year ar..........:............. 50
Number of cases pending April /.
1889 northumberland. 90
Total amount OF claims filed dur
ing last fiscal year. ..... ....... .$1S7, ,765. .18
Total amount of cash received on
account of creditors distribution
fluid during last fiscal year .. 37,oo1 40
Total amount realized by Board of
Trade from attorney and Board
fees during year ending April 1,
Total amount realized by Board of
Trade from attorney and Board
fees during year ending April /,
1889 -: ................. 2,446. SO
Number OF creditors meetings held
during last fiscal year ....... 6S
Number OF Arbitration Committee
meetings held during last fiscal
In conclusion 1 would respectfully call the
attention of the members of the Board to the
rules by them adopted, asset forth on page "a
of the Bylaws. These, in a great many in
derstood, disregarded: If they were thoroughly
lived up to- the object of this organization
would be thereby accomplished. and the Arbi-
tration Committee would have nothing to do.
Board of Trade as commercial body means
anything, 1t is co operation by all its members
prosperity by advancing any worthy object
that has tendency In that direction; and es-
pecially the prevention of fraudulent settle
ments by debtors
If the rules now in force are strictly COM
piled with, and rightly enforced, there is no
doubt but that all the membership will be in q
measure greatly beneitte The debtor would
soon understand that when his case came be-
fore the Board of Trade for adjudication, that
a square statement of the facts only would give
him relief and that no compromise for a less
percentage on the dollar would be tolerated
than was just and proper to all.
think the time has arrived when this Board
should resolve itself into strictly mercantile
institution. Our commercial interests are
daily increasing, and l believe that the inter-
ests of our members can be batter protected by
| strict attention to what most concerns them
and us all, viz: dollars and cents; and as we
now have in our city Chamber of Commerce
which is largely composed of members of this
Board of Trade, and whose main object is the
general discussion and promulgation OF sll in
terests for the general welfare of our country,
1t leaves free to attend to the interests of
merchants and business members, to greater
! advantage than otherwise would be possible
without much larger expense in clerical
way.
Mr.. J. H. Shankland. the attorney for
the Board, submitted the following re-
port:
We have the honor to submit the following
report of business transacted in the law depart
ment of the Board of Trade during the year
ending March 81, 1889:
Actions with attachment. .. ........-.... 3S
Actions with replevin. ACKNOWLEDGEMENTS. 1
Actions for injunction n....................... l
Apti0ne fnr damappg I