New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-06-10
THE CONSOLIDATED FIGHT.
MINIsTRATToN 2Y THE REGU-
LAR TICI. ct MEN

The bitterly contested campaign which has been
in progress for the last week the Conso-
dated Stock and Petrol am Exchange closes to-
morrow, when the annual election Of officers will
be held. The Nominating Committee, 1t will be
remembered. refused to put the ticket made
up by them-the regular ticket-the Of
CHARLES e. Wilson. who has been president for
fifteen years and General Thomas l.. Watson and
John stanton. who have served, respectively, as
vice-president and treasurer for even longer pc
riods. The objections of the committee to renom-
mating these officers forth at length in
circular issued by Moses Hrshheld. the chair
man, In which charges were made that the inter-
ests OF the Exchange had suffered severely under
the administration Of President Wilson. and that
the latter's candidacy-Messrs Wilson. Watson
and Stanton having meanwhile been placed in nom
nation for their old offices by their friends whose
ticket was called by them the "conservat
rived its main support from "bucket-shoppers"
president Wilson replied to this circular In one
IN winch he repudiated the charges OF liberation
OF oucket-shopping' and of lax financial manage
ment. and criticised the record of Mortimer III
"agar the candidate of the Nominating Commit
tee for president the regular ticket
yesterday the final move the part OF Mr..
Wagars supporters was made when a circular
was ISSUED by n. r. kretschmar chairman of
committee representing the active members of
the exchange. urging the non-active members to
come TO the Exchange on Monday and their
votes Tor the Wagar ticket. and presenting reasons
IN the effort TO retire President Wilson and his
acherents' Ntce-President Watson and Treasurer
stanton from official connection with the affairs
or the Exchange. The circular is in part as fol-
lows;
There are about four hundred active members
concerning It's affairs and vitality Interested in its
prosperity. From these Four h1ndred men n" Mr.
800 So VIII receive less than one hundred votes.
f 3ees naturally not well Informed concerning
h ~ 10y the personal solicitation of himself and
me T arge majority against HIM the floor OF the
an aAcndhse. lhe reasons why the active members
s9 on, are admirably stated in circular letter
mittee. and the COMMITTEES issuing this letter de-
.rfs TO tndorse the truthfulness of the essen
T., That there have been extravaganza and waste
oF go ~ ~ We're SIMPLY an increase In the dues
% I'm H'etlber that could be accounted for by
pense account that Increases wear by wear Last
year It cost slS5"o for the running expenses OF
s too a aa 4 4a ,b from BUILDING yssf
w daS tor the same period the Cotton Exchange
voted dividend of $40 to each Of It's members from
lieves that for years we have been OK the down
g-dGe under our present ADMINISTRATION, II is not
Prsnmptuous to ask that our affairs should be ad-
fnins;ered and our books and accounts examined
A report has been circulated that in case the
regular ticket is elected. the entire expense OF
general expenses OF the Exchange. thus nCrea sing
the annual dues This We desire TO say has not
Oeen contemplated nor even suggested and
taLnly viii not be done. MIR. Wagar and his asso-
cates on the regular ticket pledged an
earnest effort TO reduce our excessive annual dues.
In postscript 10 this circular Chairman Kretsch-
mar replies TO tho circular issued by President Will
son n day or two Tie says In part:
MI Wilson refers to the fact that there have
been fourteen explosions from the Exchange for
irregular YractCes.' These expulsions with one
or NO exceptions were OF small concerns COM
posed of men new 10 the Exchange. Other large
concerns, composed OF old time members.
been notorious for their irregular practices" and
Yet have gone for years unpublished. 1t is piece
OF colossal impotence for Mr. Wilson 10 deny that
these men constitute his chief support the floor
OF the Exchange II s. the irregular practices
Of these friends OF Mr. Wilson that have decreased
our business kept down the price Of our member
ships and now do actually threaten our existence.
Mr.. Wilson derives great satisfaction from the
fact that tho Exchange Is In sound financial cond-
ton. He ovcrooks the fact that the wastcfuness
and extravaganza OF his administration have been
overcome 10y constantly increasing the amount OF
credit for the excellent condition OF the Gratuity
Fund Is due Mr. Wilson Fortunately that
fund is safe guarded by other men. Mr. Wilson
makes I point OF the fact that our building cost
S4l6 go instead Of $40 90 The essential point how
ever, is that the offices poorly cared for and
the elevator service very bad. II these defects
remedied the active members OF the Exchange will
occupy the offices sufficient rentals put tho
building = paying basis. AS 10 the Clearing
president, Mr.. Wilson 1ugEes expertly with the