The daily morning journal and courier., 1904-03-31
CHAMBER OF COMMERCE.
OFFICERS REELECTED AT AN
 NUAL MEETING.

Full Report of Work of Harb0r Conn
 mittee-Pian to interest New Haven
 capital In New Enterprises-F Finnu-
 ctat condlttom satisfactory.
 The annual meeting of the Chamber of Commerce was held last night and resulted in the reelection of all the officers. The various officers and com mittees reported favorably on all sub- jects except in the case of the commit tee on new enterprises. The report of this committee was to the effect that it has had much difficulty in interesting New Haven investors in advancing capital for new industries that might be located in this city. A plan was hinted at whereby this difficulty might be overcome, and the committee prom ised to state it's plan sometime in the near future. The report of the cor1l- mittee on harbor and rivers was inter- esting and detailed the work accom- pllshed since 1902.
 The meeting of the Chamber of Com- merce was to have been held in the Chamber of Commerce hali at o'clock, but a Christian Science meeting was in progress at that time. The members of the chamber were obliged to wait in the hall while Christian Science headers detailed faith cures and disease claims For half an hour this lasted, and at about S.30 final hymn was sung and the scientists evacuated the hall.
 The officers reelected for the coming year are as follows:
 President Wilson H. Lee.
 Vice presidents -Rollin S. Woodruff and Joseph Porter.
 Secretary-John Currier Gallagher.
 Treasurer-Herbert c. Warren.
 Directors-Walter H. Seaver, John T. Manson, Frank C.s Bushnell, Edwin F. Root and George J. Bennett.
 The report of Chairman Rollin s. Woodruff, of the committee on new en- terprises, stated that during the past year only one new industry had been persuaded to locate iii this city. The corporation is the Baldwin &S Roland Electrical Switch company and is capi- talized at S125,000. The committee re- ported that efforts to interest New Ha- ven investors in new enterprises were almost discouraging at present, but that the committee had plan to bring about better conditions in this respect. The committee promised to place it's plan before the chamber very soon.
 What this plan might be was hinted at by President Wilson H. Lee in his annual report. He said that the Springfield Chamber of Commerce has adopted plan used with much suc- cess by the Wilkesbarre, Pa, Chamber of Commerce. This plan is to form a corporation with capitalization of $200, ,000, issued in shares of $1,000 each to 200 subscribers. The object of this corporation is to sustain the credit of embarrassed or newly established con- cerns. The corporation funds are in the hands of a board of trustees, who in no case are permitted to give surety for credit to larger amount than $10,- 900. The corporation trustees are un- der such restrictions that the chance of loss to the stockholders by unwise choice of business concerns to be aided is practically obviated. President Lee said that he has watched the progress of this company in Springfield with much interest. He said that the Wilkes barre corporation has been in existence for some years and has lost nothing yet, while it has increased the number of industries in the city. He said that when he learned more of it's workings he would report to the chamber.
 The remainder of President Lees re- port was in reference to the work of the committees and in praise of their labor. He stated that the committee appointed some weeks ago to look into the condition of public opinion relative to the annexation of West Haven had not yet reported.
 Continued on Third Page.]