The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1891-02-03
BOARD OF TRADE.
Proceedings of the Fourteen th
Annual Meeting.
Increasing Prosperity of the State The Mic
aragua Canal Scheme Endorsed "A
Gun-Factory Desired.

The fourteenth annual meeting of the
Board of Trade of San Francisco was
called to older yesterday afternoon by Pres
ident Isaac Upham.
The first business transacted was the
reading of the annual reports That of the
President was resume of the proceedings
of the board during the twelve-mouth just
ended, followed by reference to the increas-
ing growth of business in the city and State,
and recommendation that the meeting
authorize the establishment of a collection
bureau as department of the board.
The Secretary reported receipts from dues,
S12,403 40; commissions, S4S05 so; rents,
S21O0; interest, $3.50 GO, and balance from
previous year, S14,870 "a, from which, after
meeting all liabilities, there was carried
over SI5,964 81 to the new year. During
the year IS new members were admitted,
resigned, failed and retired from business,
and 211 remained on the rolls on the 1st
inst, an increase of II over last year.
There were 978 cases reported to the board
during the year. OF these 631, aggregating
s.. ia, 969, were recorded; 237 were settled,
and S94 are still pending. There were rs
dividends paid through the Office to credit
ors, amounting to 1913, Isl 05.
THE YEARS FAILURES.
LAt lal4AlGS MGlG IUCGLCu us lOlOMS.
California AL, Colorado, Iowa, Texas and
British Columbia, 1 each, Mexico 2. Mon
tana 7, Nevada II, Oregon SO, Wyoming 3,
Washington 101, Arizona 16, Idaho 4, Utah
3. These were classified as follows: Boots
and shoes %, books and stationery IL, cigars
and tobacco 16, eloaks l, clothing 80, coal /,
dry goods Al, drugs II, fancy goods Is,
foundry l, furnishing goods IS, furniture
and carpets II, general merchandise 1853,
groceries 125, harness and saddlery ?. hard
ware D. hats aud caps l, hotel H. INSTALL
ment goods g. jewelry g. liquors IA, millinery
49, paints and oils >, restaurant >, stoves
and tinware ., varieties 43.
The California failures were classified by
counties as follows; Alameda 247, Amador
4, Butte y, Calaveras 7, Culusa /. Contra
Costa ., Del N0rte l, Fresno %, Humboldt
u, Kern Z, Lake 3, Lassen 3 Los Angeles
81, MendOcin0 10. MERGED 4. Modoc . Mon
terey 3, Napa 10, Nevada 9. Orange 4, Placer
T. Plumas l, Sacramento II, San Bernardino
II, San Diego IA, San Francisco 50, San
Joaquin 3, San Luis ObiSpo Il, San Mateo
/, Santa Barbara s. Santa Clara 10, Santa
Cruz S, Shasta S, Sierra 8, Siskiyou /, SolanO
s, S0noma b. StanislauS 6, Tehama 5, Tu-
laTe 10. Ventura 3, y olo i, Yuba 3.
REPORTS OF OFFICERS.
Joseph Kirk, the counsel for the board,
reported the legal business transacted for
the year as follows: One hundred and
thrty-three attachment suits, involving
claims amounting to $3.50, 503 90 twenty-four
other suits, involving $50, 923 81, and thirty
one proceedings in involuntary insolvency.
The Ireasurer'S report was a corrobora-
ton of that made by The Secretary, sup
plementel by the statement that the funds
were on deposit in the Hibernia and French
banks and the German Savings and Loan
Society.
The Nominating Committee reported the
names of I. p. lie Count, VIM. Mau and s.
Nickelsburg for vacancies existing in the
Board Of DlTRPfOTS and thara haiun
elected.
j. P. LIE Count took up the recommends
ton contained in the Presidents report, and
moved resolution embodying the idea that
a collection bureau be established III con-
nection with the board
a feeling IN favor OF the purpose was gen.
orally manifested, but after considerable
discussion the matter was referred to the
directors for consideration, with instruc-
tons to report back to tie association.
A CANAL WANTED.
Mr.. Dempster presented series of resolu-
tons indorsing the action of the Committee
OF Foreign Relations in the United States
Senate in reporting a bill for the c0nstruc-
ton OF the Nicaragua Canal, and calling
upon the Pacific Coast delegation in Con-
gresS to further its passage.
Captain Merry, in supporting the resolu-
ton, stated that it is the only solution for
the difficulties under which business is con-
Quoted on this Coast. 1t would be the
death-biow to high freights.
The resolution was unanimously adopted
On motion of Captain Merry it was re-
solved to invite Hon. Warner Miller, Presi-
dent Of the Nicaragua Canal Construction
Company, to speak here on the subject Of an
interoceanc canal in the near future, and
that the Geographical Society, Mechanics
Institute and Chamber of Commerce be re-
quested TO join in extending the invitation.
CONGRESS MEMORIALIZED.
a resolution was also adopted, on motion
of Jules Cert, memorialzing the Govern
ment to establish a gun factory on this coast
Benjamin SchlOsS urged that a committee
be appointed to interview the Interstate
Commerce Committee, which is expected
here next week, for the purpose of bringing
10 the notice of that body the restrictions to
trade UccaSi0ned by the lack of railroad
competition in this State. He claimed that
little villages in Washington and Oregon
were accorded terminal rates by the com
petlng lines in those States and could, for
that reason, obtain goods directly from the
East on better terms than from San Fran
cisco, because freight from this city to
points In the interior not classed as termi-
mails had to bear full local rates.
The suggestion was approved by the meet
ing, and 1t was so ordered.
lhereupOn tile members meeting ad-
jnurned. and the new board proceeded to
organic. This was accomplished by the
election Of the following officers: President,
j. =. LIE Count; First ce-PresidenasJal es
Cert; Second Vice-President, N SBAch-
man; Treasurer, j. b. Stetson; Secretary,
II. L. Smith.