Evening capital journal. (Salem, Or.) 1888-1893, 1891-03-04
SALEM BOARD OF TRADE.
\ Long Meeting Held Last
Night.
ITS FINANCIAL CONDITION.
The Lord & Thomas Difficulty
Warmly Discussed and a
Probable Settlement
Adopted.


last night with Il small attendance.
The minutes of the last meeting
were read and some other routine
work was disposed of, when the
communications before the board
were read. A communication from
the Oregon City water way conven-
ton asked the board to pay the
sum of $l5 as their part of the as
sessment to that convention. The
secretary was instructed to inquire
of the secretary of that convention
what that $15 was for, as no pur-
pose was stated to which the money
could be devoted. A proposition
was read from o. B. Whitmore, of
McMinnville, by which he agreed to
rive illustrated lectures in the East
and South for the purpose of adver-
Using Oregon. No action was taken
in the matter, as the board was not
in possession of funds for that pur-
pose. A proposition was also read
from the Cold Storage company
which was not acted upon. The re
mort of Treasurer A. n. Bush for the
wear ending Feb, l, 1891, showed
that S2O43. IL had been received and
S19SS. .O3 had been paid out, leaving
S55 .O8 on hand. The secretary read
his report, which was mislaid at the
annual meeting, which was longer
than it was ineligible. Consider
able discussion took place in regard
to the financial condition of the
board. 1t seems that the eyes Of the
members are just being opened as to
the Indebtedness of the board. The
members thought they were living
within the bounds Of the revenues
of the board. The gross indebted
ness of the board is at the present
time $11SS.25 and has $3.50 on hand.
The delinquent list shows S24490 f.
due the board and probably can all .
be collected. This leaves a net in
debtedness of $693.35. The monthly |
to the board are 1925,
and the monthly dues $40, making
income of $244.
Some time ago some of the rell
estate men stopped their subscription
~ account of a man not being kept
n Portland to turn immigration
his way. The keeping a man there
vas part of the stipulation by
which they agreed to pay 20 the
BOARD certain sum monthly. If
his stoppage had not been made,
nd it should not, the dein-
uent list would show $500 more.
[ may be said if this sum is paid it .
will be only by the liberality of these ;
nen, not that they are under any =
to do so. Some of them
re in favor of paying in order to
Ift the debt of the board. =
The Lord & Thomas affair was the >,
lost important suject before the :
Oard. And one that startled the .
lembers and it appeared for a while .
$ if the board was destined to be :,
isited by storm. The board was
nder the impression that they owed
nat firm a little less than Sl60, un- C
i few days ago, when the agent 1
18th whom they made the contract
rrived in Salem and claimed that
le bill amounted to $500. The peO- =
lie then began to want to know n
hat was wrong that they had il
cen mis- led as to that contract. The n
latter is not yet thoroughly under :, =
,ood. The facts are Lord * Thorn +,
made "a contract they never in +
ended to live up to. The agent at u
lst offered to deduct 10 per cent of "
ne advertisements which were out Y
f position, which would leave au a.
ldebtedness of S743.90. The board
wes them more than $3.50 according
} correct insertions, though the
apers containing the advertise c
lents have not been received by /
le board as specified in the con- n
act. The agent of Lord d Thomas, Il
Ir. Wilson, was present at the q
oard meeting last night and by his
ficious manners assumed that II
ne Salem people did not know how
, conduct an ordinary business
leeting or enterprise. Thus from L
ne first he incurred the disfavor OF "
le members which, though to be /
agretted, destroyed the harmony Of {
De meeting. -
A committee was appointed con- "
sting at Il. j. Hendricks, A. L. @
eaton and +. > Dearborn, to solicit G.
ew subscriptions aud have the ,
members now subscribing increase h
that they give. All three Of the
refused to act and the A
resident was unable to tind any y
ne who would act with the board II
D its present condition.
The matter of Lord d Thomas was
{ last referred to the advertising
Dmmittee TO effect settlement as
est they could without involving
he Board of Trade iltO any litlsa-
on. The board adjourned at a late
our having accomplished bat llille
prlng the meeting.