The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1890-10-02
A. S. Baldwin, George D. Toy. Fl. p. SOnn-
tag, Will E. Fisher and n. c. Carnall, sub
:nittnd the followiup rPDOrt. -. -.

Ffrsi-That the membership OF the exchange.
should be limited 10 ETY. and that no one except
licensed real-estate agent should be eliGtDie 10
membership and that: no member OF the .e3-.
change should be a member OF similar orgahl
ZaIton.:.:
Should receive certificate of membership which
may be sold and assigned 10 any one eligible TO;
+ membership in the exchange.
=" 1hlTu-That where a member OF a trHl Is q
member OF the exchange, the other members of
the said firm should be entitled TO the prlylega
Of the exchange. but only the one IN whose name
a certificate OF membership Is Issued 5uOuiu Do
entitled TO vote.
Foufth-That all members OF firm may be-:
come members Of the exchange by each paylng
.nership.the monthly dues Of said firm should not
exceed those of single membef.of the exchange.
Fifth-That The Initiation fee should be fixed
at 5000 and that the monthly dues should be
regulated FIJI accordance with the receipts and
disbursements of the exchange aud should not
+. Sixth-T hat suitable quarters for the exchange
should be secured as soon as possible, ana thaf a
limited number Of auclien stands should pe ap.
proptiaiely fitted up leaving ample foonr for The
Accommodation of tile public during auction
Sales So =; r., ::
:. Seventh-That reasonable rent should be
fixed for the use OF said stands TO be defer
mined by The Board Of Directors or tire proper
committee having charge Of the auction deparl-
|. ment. i, :.ess. :,
4. Eighth-That one stand should be reserved to:
be; called the Presidents stand, from which sales
could be held on a regular day OF properly CON:
I
u Jon the payment ofceitain fees Tor advertising
and ahctioneefihg. -. = = ;
Ninih-Ibat members or the exchange Should
divide equally commissions where. one efieets
the sale of property controlled by another mem.
Der, and that penalty should be liked ana
fine Imposed upon any member who divides with
any agent or person not a member Oh the En-
change. =. :; -, =:
Tenth-Tbat no officer of the exchange who Is
a Director Should receive any compensation for
his services as such officer. ::
T. Eleyenih-Tbat standing committees should
be appointed after the incarceration has been
{ effected ON election, arbitration, legislation and
other matters affecting the Interest OF govern
ment Of the exchange
:. our committee has every confidence ia the
success OF this enterprise. and predicts thai II
Will result In much good, bUih TO the members OF
the exchange, who will be brought Into closer
contact with each other, aud to our city OF which
We individually feel Justly proud, and for Whose e
Interests we as united and eHterpfsing body
can work with greater; zeal and eatnestness or
purpose. Your committee thinks that While the
exchange should be In every respect nom partisan
much legislation favorable 10 The public good
and 10 that of ITS members and OF great faiqe 10
preperty.owners =. : y 49, -
The committees report was adopted BY a
unanimous vote. 5000: 81. =. 4.
The meeting then appointed seven Diree-
tors, as foll0ws: Nd. Burke, w ii.
sBeyee, Al. s. Baldwin, Will L. Fisher, Henry
7. Scnntag, Nc. CarnalI and j. j. Far
re1l go. i -: - :.
d. Baldwin, N. a.; Lang, IL. Burke, W..
/: Morgan, II. P. Sonnfag, George p. Fey,
a.. IS. Baldwin, r.. =. Hammond. I'D
I o, Farrell, Will f. Fisher, w. Ii. Boyee. G.
| II. Umbsen aud EdminS. Tucker. s. ::
| :: NOTES. :: e: s.:
Easton. Eldridge +S Co. have disposed Of
Tot az A. mi north west eornfir of Frederick