The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1891-03-27

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under tae membership of our president, /
AIr. CressygeIl, who still holds his mem |
bership InquestiOned. Oar expulsion /
is wholly illegal and uuwarTnted- I
desire to caution you against the false
stories being circulated. The facts
are these: i pom our formal expulsion
the exchange notified tie buyers not TO
buy our stock. Being members of the
exchange, they were compelled - com
ply. We then placed an open order
with the stock yards company To turn
all the stock consigned TO us over to
W. G.. and Ed. Peters. Oar statesmen.
They being members of the exchange,
the buyers buy Of them without ques-
tion and pay just as good prices AS to
any one. This is the pT5ses-t arrange
ment, and be assured that whatever
may happen, the American Will pro-
tect the interests of its patrons. We
Will see to it that under no circum-
stances shall our patrons suffer. Our
method of doing business is now pro-
tected by the statutes of Kansas and
we propose to stand by our rights. A
2Teat effort is being made to break
down our company COnsign to us as
usual. Even now soma of our enemies
are gloating over the fact that they
are frightening away sOmeOf cur most
timid shippers. 1 hope you will not
be one to desert us now in our time of
trial. This will not last long We
shall win and the result viii he a gIo-
rious yindicGtiun of our cO-operat tive
plan. Fraternuuly yours,
EDwIE SNYDER.
The wording of The letter aroused
the ire of the board of directors of the
exchange, and meeting was held at
which the following resolutions were
unanimously adOpted;
WHEREAS, One Edwin Snyder has
written, under date of March Z, 1891,
a false and defamHtOry letter, aUtTib-
uting legal and diShOHOrIble acts to
this exchange, and has caused sad
letter to be circulated for the purpose
| of destroying the business of the ex-
/ change, and of creating prejudice
against and injuring members thereof,
aud,
WHEREAS, The object of this ex-
change is only to promote honorable
/ business methods, friendly relations
and courteous conduct among its mem
bers; and,
WHEREAS, No self respecting, OF
honorable man can transact business
with another who resorts to writing
false, sensational and defamatOry let
ters; and
WHEREAS, Such conduct is in vio-
lation of the rules ana objects of this
exchange, and particularly of rule IS;
therefore
RESOLVED, That the employees of
the Kansas City five stock exchange
be ard they are hereby directed not to
perform amy service of any kind what
ever for Edwin Snyder.
! Of coulse knew that I could not
/ 3
out some. of them getting to the public
1t resulted iii stirring up the ami
maIs'' My only comment upon thi;
is, the exchange need not have kick
ed until it was spurrsd.' 1 was nvt
u member of the exchange. 1 haC
never asked them to do any thing 70
me and had never intended to.
these preambles and resolution are an!
. qualification to the exchange they az,
welcome to it. This is my repl.
through the K. c. Star.
II defy the exchange to point TO
single sentence in that letter which i
false. 1 have no apology to make 70
anything therein contained. The lei
ter was the result OF careful, deIibel
late thought, and III knew how 10 ma
it more explicit OF emphatic, 1 WOul
DO So
replied at length to their charges
3 but do not wish to intTude a persona
mRttsr upon your readers I know
+ have right on my side, and the PeOpl
D at my back, and hope to be able to tax
I care OF myself in any controversy
may have with the exchange.
The status Of our case at present
3 this, Our case in the appellate com
4 of Illinois 1t is hoped TO get
! through the supreme court in fe
q months. At Omaha We are runniH
= Us usual, under an INDUCTION at /
e c. we are restored to the markets III
d dera truce between our attorneys an
: the sttorneys of the exchang- "
VIII keep our members posted as