The Providence news. (Providence [R.I.]) 1891-1906, 1895-01-09
PRESIDENT PIERCE.
Elected Today for Third Term by the
Board OF Trade.
Other Officers Chosen and the Treas
urer's Annual Report.

annual meeting today at noon, and the
following officers were elected for the en-
suing year: President, James Lewis
Pierce; first vice president, Richard ii.
Deming; second vice president. Albert IL.
Tillinghast; treasurer, Oren Westcott.
Directors --Geo. l.. Shepley, Howard i.
Gardner, Arthur L. Kelley, Frederic Full
ler, Edward q. Bucklin, John ID. Lewis
Edward III. Mason, John +. Lennon,
Charles l.. Vaughan, James Tucker, Rob-
ert Il. Northam, Joseph Banigan, A.
Lockwood Danielson, Arthur p. Weeden,
Geo. A. Wall, John ii. Hambly, Virgil
Fisher, James fl. Bugbee, Thomas Il.
Rounds, Henry A. Tillinghast, William
q. Nightingale.
Committee on Arbitration-John g.
Msssei, William H. Thurber, A. Albert
Sack, Beriah Wall, Charles ID. Kimball.
Committee of Appeals-William w.
| White, James Richardson, Jr., j. DeFor-
est Danielson, Robert w. Taft, Lauriston
ii. Hazard.
Committee on Class ification of Cotton
James p. Rhodes, Edward X. owbridge,
Daniel Webster.
This makes the third term for President
Pierce, and his reelection is one OF the
highest honors that the Board can confer
upon a member. The bylaws provide
| that no member shall serve as president
| for more than two terms unless it Is with
| the unanimous consent Of the Board.
The report of the treasurer, Mr.. Orcn
| Westcott, showed that the receipts for the
year had been s12, ,957.34 and that on hand
| S7531.09.
The payments amounted to f12,351.79
leaving the present balance of sS136.6a.
The following brief address was de-
| livered by President Pierce:
A very brief review of our past two
| years. history may not be amiss; but /
should be untrue to myself did not first
make my Acknowledgements for the uni
form kindness and courtesy received at
your hands during the term of
my presidential Office, and for
the very flattering compliment
of the vote Just declared, resulting
In my election to a third term. pledge
for myself an earnest effort to promote
the best interest and growth of our
organization, and for this effort 1 ask
your support and cooperation. During the
past two years we have considered the
! tariff, silver bill, bankruptcy bill and
kindred topics of national legislation,
and our Congressional delegation has
been kept advised OF our action on these
su bjects. We have also been brought into
close relations with organizations like
our own in other cities by an interchange
of resolutions adopted upon national
matters.
The liberal offering made last year for
relief of the poor of our city in place Of
the banquet which bad been proposed,
was to the honor of the Board, and the
acknowledgements of the societies
through which your offerings were dis
bursed, and the grateful thanks Of the
immediate recipients we'll repaid the do
nors for the loss Of the banquet.
The portraits OF the five deceased ex-
presidents are conspicuously hung in our
rooms, having been presented by the re-
spective families OF each. They tend to
recall our past, and keep in remembrance
those who were connected with us, off,
cially, in our earlier history.
The suggestion OF special papers to be
read at our monthly meetings to create an
increased interest In those meetings was
only partially successful. Able and inter
esting addresses were made by President
Andrews Of Brown University upon
the "Brussels Monetary Conference"
by Colonel J. C.Wyman upon the"World's
Fair,n and by Messrs. A. II. Tillinghast
and w. p. Goodwin upon "Co-Insurance.
believe much good, in the general in
formation gained, would result to the
Board and to US as individuals by re-
newal OF this plan.
Our financial condition is fully shown
I'm the treasurcr's accounts. Our quick
cash assets are equivalent to sl6 per MEM
ber. I know OF no organization in the
whole country that provides for its men,
bers so much at so small cost.
Our membership, January 1, 1893, was
492: since then "A members have been re-
ceived, % have died, 9 names have been
stricken from the roll, end n have re-
signed, leaving net membership at this
date OF 4S7.
Death Is constantly reducing our num-
Der. To keep up our present organiza-
tion for telegraphic reports and full line
OF commercial newspapers, requires the
income from at least 500 members.
A reduction in our membership must
of necessity curtail our facilities.
May not indulge the hope
OF an increased interest on the part OF
every member for the year upon which
wc now enter, and that this interest may
result i'm additions to the membership be-
yond any I'm our history.