The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1892-01-22
BOARD OF TRADE.
Another Very Interesting Nesting Held in the
Hall asst Night.

to transact whatever business may be
brought before them. Before calling the
meeting to order, Mr.. Rouse read
the list of the committees of
the board as they now stand to
illustrate, as be stated, the char
acter of the business men that were doing
active service in the board for the interest
and welfare of Wichita. The list contained
the names of probably sixty of the most
active, energetic and enterprising citizens
of the city, men with clear heads who have
made success of everything they have
undertaken whether of private or public
nature.
1t was precisely So'clock when President
Rouse called the meeting. The roll was
called showing quite a number of mem
bers present.
The minutes of the last annual meeting,
Jan. Is, 1891. were read by Secretary
Pierce, and upon motion they were ap-
proved.
The president suggested that the read
ing of the annual addresses be postponed
till later on in the meeting, or until after
the consideration of the bylaws and a
resolution affecting membership in the
board. The suggestion was approved, and
the committee on resolutions, consisting
Of Messrs. Douglas. Harris and Howard,
were called upon for their report. They
responded through their chairman, Mr..
Douglas, who introduced the following
documents:
Rule 3-The shares OF stock in this cor
poration shall be 800 each; ownership OF
which shall be evidenced by certificates of
stock to be issued by the corporation and
signed by the president and secretary.
Certificates for fractional shares of stock
OF not less than one-twentieth of a share
may be issued to any person upon payment
to the corporation of s. for each one-twen-
tleth of share, until the stock remaining
unsubscribed has been exhausted.
The annual dues of each stakeholder
shall be 81, payable monthly in advance
Any person holding one-twentieth of a
share OF stock or more shall be eligible to
election as director or to hold any other
office.
The board Of directors shall have no all
thorlty to make any assessment upon the
stockholders
Resolved, That at the next meeting of
TINS board, and previous to the election of
the board of directors for. the ensuing
year. an Informal ballot shall be taken to
determine the choice for directors of the
individual stockholders: at which informal
ballot each stakeholder present snail be
entitled TO one vote only; and the present
members of this board-now and here
voting for this resolution pledge them
selves to vote for the election Of such men
as directors AS shall be shown by the in
formal ballot TO be the choice of the indi-
vldual kholders-without reference to
the amount of stock held by them
In explanation of his resolution Mr.
Douglas said: THAT it is intended as a
pledge by the present members to the new
members who will join before the next
meeting on the So basis, that each of their
votes shall count practically in the selec-
tion of the new board of directors as much
as the votes of the old members who have
each paid 500: in other words, that the
new members will substantially vote ac-
cording TO their numbers and not accord
ing to the amount paid" This, as we'll as
the amendment to the bylaws, was entire
ly satisfactory to the members of the
board present, and both were passed unan
lmously. This amendment and resolution
placed the board in excellent shape for the
admission of new members, and many
outsiders" who were present heartily APP
proved it and predicted that it threw
down the bars for the admission
D 500 additional members, which
viii make the board of trade
one of the strongest institutions of the
kind in the west, and one whose work will
result in making Wichita the greatest
and industrial city of the
plains.
President Rouse then delivered his an
nual address, which is as follows:
Gentlemen of the Board Of Trade of wichita:
In pursuance of custom, | hereby sub
NIT report. although by reason OF the
of the secretary's report COW
ering as it does all the points of import
lnCe, this viii be. necessarily, brief
We have passed through rather quiet
year, but L cannot recall an important
matter that was possible of accomplish
nent that has been neglected. But, last
year is gone, the record made, and what
chiefly concerns us now is what will we do
Il the coming year.
Notwithstanding many of us VINO have
been in the harness for years will be
'ei ired from duty tonight. aud our places
HE'D by fresh and willing workers. we
who retire, can not drop our intrest in the
work so vital TO us all.
1t Is hoped the effort to increas the mem
)ership will extend and spread until it
Viii take IN all who are able and willing
o do something for the common good.
The management which you Will place
n power, viii start in under more prOmis-
~ condi ions than that which existed at
my similar epoch since the re-organiza- !
ion of the board in 1887
1t is believed on every hand that all cir |
conspire to favor our city, and /
he good time coming is actually at hand /
nd it VIII be the privilege of the new
BOARD to supplement- and foster these CON
litions in all practical ways.
We have many and potent causes to en-
outrage us, some of which | will briefly /
mention.
The fact that there are more active bust /
less houses in Legitimate business than at
ny previous time in the history OF Wich- .
Ia, Is one, and notwithstanding the scores /
4 store rooms built since the boom 1t is .
Ow difficult for new enterprises locating I
ere 10 find place to do business, is an
ther
1t will soon be impossible to find suitable +
uarters, and proof of that is that several /
arties are now planning to build business /
uarters is another.
The late decisions of the state and inter. |
tate railway commissioners have given /
ur business men more Just, equitable and /
satisfactory freight rates than thew ever
All before, the proof of which is found in
he prompt establishment of jobbirg aud
istributinS houses here which hitherto
ssted satisfied on the Missouri river, is an
Their
The opening of the Cherokee outlet. the
heyenne and ArappahOe and other res
ryatious Will place about ten million
ores on the market soon. and will afford
he last and grandeSt rush for settlement
nat viii ever be witnessed in this country
II is quite within the proba bilit,es that
30. Goo people will be added 20 our con
-ibutory population inside of ninety DAYS
fter the opening. Wichita is in position
V means OF her radiatinz railroads to reach
II of this territory more ouick IL and ar