Los Angeles herald., 1890-04-15
LOCAL EVENTS.
Annual Meeting of the Board
of Trade.
An Interesting Report by Its
President.
The State Medical Association to
Meet This Morning.
Proceedings at the Court-Martial and
Other Matters of More than
Ordinary Interest.

The annual meeting of the Board of
Trade of this city took place last even
ing. President S. B. Lewis called the
meeting to order little after O'Clock.
After the reading of the minutes cf the
meeting one year ago, the secretary, 7.
H. Ward, and Treasurer l.. N. Breed
submitted their reports, which were re-
ceived and filed. The auditing commit
tee reported, and were given vote of
thanks for their work.
The attorney of the board, H. w.
Latham, submitted report in which he
called attention to various changes which
should be made in the rules governing
the body, which would facilitate its legal
business.
The report of President Lewis en-
bodies most of the facts set forth in the
other reports. 1t reads as follows.
1t is not my purpose tonight to detain
you with dissertation on matters that
do not pertain to a commercial body,
such as | conceive this board to be, but
will give you short resume of our work
for the year that has just closed.
From the report of our secretary you
will notice there have been more cases
brought into the board for adjudication
than in any year since it's organization
the larger proportion coming in since
the 1st of January. The great amount
Of work that has been done has taxed
our working force to the utmost, but we
think that they have met all the de-
mands upon them, thereby saving a
large expense to the merchants of this
city and fulfilling the objects for which
the board was organized.
The receipts for the year. ............ $3.50 O6
Disbursements .......................... 9,O41 81
ASSETS.
Bills receivable e.......................$ 443 90
Dues unpaid ...........................1 1874 90
Due from estates for advertising
Due from Board OF Trade building . 273 60
Total 1886 so
LIABILITIES.
Amount overdrawn on treasurer ..s 91O 30
Due estates for money held ........... $50 80
Dues Overpaid ....................... Is 90
Expenses for March, 1890 ......... 5SS OF
Total observation-disclosures. .s2,O93 75
Net assets Observation-Disclosures. 992 rs
| find that while we have member
ship OF 173, there are a number in ar
rears for dues, as will be noticed by the
report of the secretary. Thus our re-
sources are so diminished as to make it
difficult to keep up with the increased
expenses, necessitated by the greater
amount of work brought before the
board.
In. our commercial department the
total number of cases opened during the
year ending March 81, 1890,was 90 cases
settled, "a, and cases still pending, 146
Total amount of claims filed during the
. To- 4,1 ,.,1,
account of creditors distribution fund,
$32, ,277.10.
There were during the year so credit
ors' meetings; and in addition to our
commercial work our secretary and his
assistants have answered about 500 let
ters of inquiry from all parts of the
country, and have mailed illustrated an
nuals and pamphlets in great numbers
to parties writing for them.
l am pleased to say your directors
have been prompt to respond to the
many demands made upon their time,
and have acted at all times as seemed to
them for the best interest of the mem
bers of the board. Our secretary has
been faithful to the duties of his posi-
ton, and has made many personal sacri-
fees to serve this board; and in his ef-
forts has been ably assisted by his as
sistants.
The legal department, am pleased to
say, is giving universal satisfaction and
if the new rules that will be recon-
mended by our attorney are adopted,
have no doubt they will prove of great
benefit to our merchants.
/ am pleased to note more confidence
and an improvement in business in all
sections of the country The thousands
OF acres that are being put under culti-
walton will in good time add very
largely to the products of the country !;
and in very little time the balance OF
trade will be greatly in our favor, and
prove that out of the soil will come our
greatest revenue.
In retiring from active participation in
the affairs of this board, have to thank
the officers and members for their many
acts of courtesy; and when duty calls
will be glad to assist in any way that
will add to the commercial prosperity of
the city.
After the reading of the report the
ballots cast for directors for the ensuing
year were counted. Ninety-seven ballots
were cast, and the following were
elected: Geo. f. Dickson, L. N. Breed,
Carl Seligman, G. f. A. Last, w. G. Pat
terson, l. B. Newton.
A meeting of this board will be held at
9o'clock this morning.