The morning news., 1894-10-31


for the bureau, reported what the COM
mittee had accomplished in that line. He
read the list of subscriptions as follows:
Broughton and Bryan street mer-
chants OBSERVATION-DISCLOSURES. 81, $50
Bay street wholesale houses, etc.. 1.720
Bay street cotton factors exporters
etc ............................ l,225
Fertilizer interests ..................... 1000
Lumber interests ACKNOWLEDGEMENTS. $40
Real estate owners. ers...................... $40
Naval stores, factors and exporters. 230
Insurance agents and companies..... 800
Holels ''.'''.' .'''.-.'. .'...''..'.''..''... 4V
Carriage and wagon interests ....... 80
Rice brokers and mills ...,............ 90
Total amount actually subscribed. 81 215
Capt. Purse said, however, that other
subscriptions had been promised, and it
was calculated that at least $3.50 would be
needed to perfect a thorough and efficient
bureau, as it would have a strong fight to
make against strong organization.
Secretary +. f. Rebarer of the commit
tee, then read the report of the commit
tee on bylaws, which was drawn up for
the consideration and discussion of the
members. Capt. Purse said the bylaws
were very carefully drawn after consider
ing those Of the Cincinnati and New Or
leans bureaus, and the peculiar conditions
which presented themselves here. The
question, he said, was whether with the
subscriptions 1t was now opportune to
proceed with the organization Of the bu-
Teau.
Col W. w. Gordon said it was in order
that some resolution be offered on the re-
port of the committee on subscriptions,
the work had been a laborious one. He
made a motion that the report be received
and the thanks of the business men of Sa-
vannah be rendered the committee for
their efforts and the success with which
they had met. The motion was unani-
mously carried as was also Col. Gordon's
motion to receive the entire report of the
committee, and that organization of the
freight bureau be at once proceeded with
At this point it was decided to appoint a
committee of five to retire and make nom
nations for directors of the bureau
and to report on the plan of or
ganization as suggested by The general
committee. Chairman Mills appointed
Messrs. c. T. Prendergast A. B. Palmer,
NJ. Y. MacIntyre, ]. +. b. Beckwith and
Herman Myers.
While this committee was out it was de-
cided, on motion of Col Estill, to con-
tinue the committee on subscriptions,
and that it be instructed to report to the
directors of the bureau to be elected.
The committee returned after a few min
utes consultation and made its report
Chairman c. f. Prendergast stated that
in making up the list, the committee had
endeavored to afford representation to as
many of the different interests in Savan-
nah as possible. He said that against the
protest Of two of the gentlemen on the
committee they had been placed on the
board of directors.
After the report was read the following
board of directors was elected: Joseph
Hull, J. W. Huger, w. w. Gordon, l.. T.
Turner, J. A G. Carson, j. j. McDonough,
Herman Myers, Joseph Ferst, w. G. Cam,
A. S. Guckenheimer, J. NJ. Dixon, w. d.
A L.
eph Rosenheim, A. B. Palmer. G. A.
Hudson b. II. Levy, j. II. Estill, d. G.
Purse, w. w. Williamson, Samuel Mein-
hard, W. G. Morreu, W. j. Watson and
Max Robinson.
Col Gordon explained that his resolu-
ton contemplated that a board of direc-
tors should be nominated, and after their
election, the meeting should adjourn and
leave further details of organization TO
the board. On motion of Col Estil the
meeting adjourned.
Only about half the directors elected
were present at the meeting Of the board,
which was then held. Capt D. G. Purse
was elected temporary chairman of the
board until it could be decided what Off
GERS the board should have. Mr. Max
Robinson was elected temporary secre-
tary, and it was decided to have the
chairman see Mr.. w r. Leaken, who
volunteered to serve the bureau gratui-
tously in the preparation Of charter and
in the arrangement of any other legal mat
ters in connection with organization. Al
ter charter has been drawn. which will
be done at once. meeting Of the board
of directors win be called, and the charter
submitted to it. Legal steps win then be
taken TO have the bureau incorporated.
and it's contemplated that individual sub
scribers shall only be made liable to the
extent OF their subscriptions.
The bylaws, as adopted for the bureau.
have been very carefully drawn, but If
there should be any necessity for il, they
are subject to further amendment
The name OF the organization is to be
the Savannah Bureau Of Freight and
Transportations, and il win be incorpora-
ted for a period of twenty years. The
capital stock Us TO De the individual sub
scriptOns of the members which shall not
be less than $1,000 actually subscribed. and
may be increased by the action Of the
board or directors 20 not exceeding $4,000
The liability Of each member shall be lin
tied TO the amount Of his subscription as
originally made. The board of directors
is given power under the bylaws 10 fix
the amount of subscriptions REQUIRED from
each applicant for membership after or
ganization. The annual meetings Of the
bureau are TO be held the first Tuesday in
each November
AT meetings Of the bureau each sub
scriber is allowed one vote, but on the
demand OF any subscriber vote can be
taken by subscriptions. one vote being al
lowed for each $40 subscribed A quorum
is 70 consist OF any number Of subscrib-
ers representing subscriptions 10 the
amount of 5000 The board OF diraetars
ls 20 consist Of not iess than eleven nor
more than twenty-five member. The fun
number War elected Boz OraauIzInr at tfa
general meeting. The board of director.
TO- nave entire control Hud MANAGEMENT
oi the bureaus affairs w.U appoint aU
agents and employees ana mako arrange.
mtnN 20 carry on fhe DunIuUas of tHr Iti.