The evening world., 1893-07-22
The Stock Exchange Will Nov
Take Summary Action.
Brokers Warned Against Attempts
to Injure Credit.
A New Ruling Made BY the Govsra.
ing Committs.

Tho chief topic OF discussion In Wall
street this morning was the weil-Kep-
pier episode, which occurred yesterday
afternoon just as the Stock Exchange
closed. and full details OF which were
given In "The Evening Worlds" Sport.
Ing Extra. taE
Ueil's $ ill-advised remarks concerning
the banks Of this city stirred up regu-
lar hornets nest. and 1t has been .
long time since feeling has run as high
about any local event.
Members of the Stock Exchange speak
In bitter terms of the men who make
insldious attacks upon the credit Of in-
dlviduals and corporations, and the Cow
ernor's intend II possible to put a stop
10 the rumor business.
This morning President Sturgis ad.
dressed the Exchange In the following
The Board Of Governors Of the Stock
terday afternoon. and I am Instructed
Sy them to give you the result of their
deliberations.
passing are phenomenal in their nature.
and have never been equAlled by any
which have transpired during this gem
Grafton. 1t behooves every member OF
his own sense Of honor but TO stand
firmly and devotedly to the institution
| Of which he Is a member.
sSea ssy or ..Ssks Sse ssasS
rity and they have not been di.ap-
lng. the recent phenomenal shrinksss
and distressing financial complica tons
! the. public have looked with amusement
viii Which the ee members - Of tn the 's Stock Ex. *
change have lived up to their con-
| tracts.
vate gain or public notoriety will take
stand at variance with their associates.
"Wpuid that we had the power TO
But it is our intention. in SO far as our
power goes. to put stamp of absolute
disapproval upon all the Irregularities
Furthermore, the public are apt to
confuse rumors which have their origin
In Wall street. with the Stock Exchange
and to give to the Exchange the credit
OF any malicious or false statements
which may come from the seething mass
Of people who throng Wall street IT,
with . view OF strongly expressing IT.
intention OF enforcing It's own laws on tbs
moor OF the Exchange and with the desire %
aupear before the community a. anxious 70
do every hing In Its power 70 Ipstef ana sus.
| tain public credit, the stock Exchange has
passed the following rulings and resolutions.
which will now read TO you:
Whereas, A vast number Of reports, uttssiy
xi.hout foundation, saa iussnasd % iniars ~
lstsd and have obtsined certain SrsdsSes, Ss1
WI Wse.... S, Th. Go,sr.inc 9omnittes q tas .sy
moss q
% OF :pee 20 .4.. and to DO al 10
r-s. sss 81 Ss: ~ =
to the i.o'-rlins Connitiss that = = e. e x
:.ttatemsatt p.sIudiciAi to or tsndins 70 injSrs
s s: has .a i;sony Sm .Ss,: .sd = Of 'ss e.
| ehanvs, wiz no gladly received Ard acted upoa
HnS. s'eSs t,tee II Of the eoa''satoa
Whereas section 8 OF act 29 Of the Co epstituttsN
the EIcbsuxs provides for the only offsrs vhick
the board room. the Govsrnirs Conuittss nersh0
makes the follo~ing ru ing:
, form of rontr.ct or " r,"d. ~ d.si;n.q -, ~
the Clearing HOUSE, Or by othsr. rexuistion, q
| inc msmber liable to the penalties provided andsr
Resolvet. That no transaction arising from such
bids or offors shall re recognized binding.
por,isn "a q the basiass, @ Of sh: Stock Gasssnss.
President Sturgis has called another offcal
meeting on the Goveruing Committee for
Monday next at the request OF the law Com.
mittee.
Tho object is TO bring TO account under the
constitution OF the Exchange members who
spread damaging reports.
II is intimated that the Committee may 20
furi heI and order legal proceediugs
President ]. Edward Simmons, OF the
Fourth National Bank. to-day sent a
letter to President Sturgis. of the Stock
highest terms for the step taken by the
exchange.