The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-05-06
TO AMEND ITS RULES.
BOARD of Trades Plan to Increase
Membership.

At the adjourned annual meeting of the
Board of Trade, to be held tomorrow at
noon, several amendment to the rules re
lating to membership will be submitted
by the board of directors The object OF
the amendments is to carry out the plan
proposed by President Purse In his last
annual report. so as to provide for CLASH
fed membership, the object being to make
membership in the board more attractive
to the business men and citizens generally,
and thus increase the power and useful
ness of the board.
The first amendment to be offered Is 10
Article 3, of the bylaws, and makes any
person of good moral character and
resident of the state eligible to member
ship. The second amendment, which Is
OF most Importance, divides the member
ship into two classes, and subdivdes the
first class into three grades. All the
members of the first class are to be active
members, and those of the second class
might be described as associate members
The members of the first class are divided
into three grades, to be composed as fol-
lows:
The first grade Is to include all per-
sons dealing in or, in any way connect
ed with the naval stores industry or traf-
hc, bankers or representatives of banks.
representatives of railway and steamship
companies and newspaper publishers.
The second grade Is to consist OF whole
sale dealers in groceries, liquors. grain
and hay; brokers, merchandise or shin.
representatives of telegraph, telephone or
express companies and manufacturers of
turpentine stills
The third class Is to consist of wholesale
dealers in dry goods, notions, general mer-
chandise. boots and shoes, drugs, and rep
resentatiyes or flre and marine insurance
agencies.
The second class is 10 consist OF n single
grade, the members OF which shall constl-
tute an associate membership, composed
of persons not engaged in any mercantile
business, and not embraced in the first
class. Members of this class are 10 share
In all privileges of the board and to antic-
ipate the vote in all general meetings. but
will not have vote In the election of If
icers or upon questions involving a change
In the constitution or bylaws or trade
rules. They will not be allowed represen-
tation by attorney or be counted in max
ing a quorum for the transaction of bus
mess.
The directors will recommend that the
annual dues be as follows: First class.
first grade $40 second grade $50, third
grade $50; second class. $40. In all cases
where a member represents himself or a
firm doing more than one kind Of business
his membership grade is 10 be according TO
the highest of the kinds OF business done
by him or his principal II IL not intend
ed that the new system OF grades and dues
shall be applied TO the present membership
during the present year. but all members
admitted after May are 10 be classified
according to these rules. The dues are 10
be payable in advance oue-half on The
Wednesday in April after the annual
meeting, and the other half on Oct / fol-
lowing.
Another amendment provides for the
punishment of members In default by
suspension by q two-thirds vote OF the
directors after a default OF thirty days,
and expulsion after default OF ninety
days.
II is also proposed to increase the cap
itaf stock by issuing 800 shares at a par
value OF 500 each, to be known as series
3D." the holding Of a share OF the new
series TO be accepted as complying with
the rule Of membership on this score. The
present capital stock OF the board is $50
shares OF par value OF 800 each. This
stock was issued In 1882 and although the