New-York tribune., 1905-04-26
A NEW STOCK EXCHANGE.
CHARTERED At TRENTON.
Consolidated Erchange Sad TO BE
Behind the MOUement.

Trenton n J.. April 25.-The New-Jersey Stock Ex-
change was incorporated in the Secretary OF States
office this afternoon with authorized capital
stock Of s250OOO divided into shares Of 500. The
charter was filed by the New-Jersey Registration
and Trust Company. The cOrporators are Fred
erIck w Garvin Harry II. Picking and James r.
Mapletoft clerks for the trust company whose sIs-
natures are witnessed by James b. Dill The char
ter specifies as among the primary corporate OBJ
jects:
To provide regulate and maintain an exchange
and to furnish facilities 70 its members ior @ lnf
other nersona property; to establish just and equ
table principles in the business carried on oy ana ana
mote and facilitate the business Of buying selling
t nmoTF the member facilities with which such
or similar business may be conducted 20
cooperate with any other association or eHch3hse
whether Incorporated or not whose objects are @ Jg
70 procure from and 10 communicate 10 any such
association such information as may be hKe3 20 10
any other further thing or lranslCC ttlS IS .,e
action Of business between members, the settle
office of, or procuring any olhe cD {r,g frars
association to perform the ONCE OF, ret,
dealt in by metmbers of the eXcnange, subject 70
the rules and reguatoIs ;os'Ja eg1,,ted M, as the
board of governors
The corporation is expressly authorized 10 con
duct business any part of us business ''."
within ana without the state of New-Jersey ana III
United States and any ard all foreign eounlr4eS'
1t IS also authorized to have one or more oIlee@
and to hold purchase. mortgage and convey real
and personal property, without limit as 10 dIloi''
within or without the State of New-Jersey-
The directors. who to constitute tEe oodra oi
governors of the exchange. to be divided INTO
+, ec,,a1 classes each to be elected for two years
excent that at the first election one-hat OF ti'e
Soord will no chosen for a one-Jedr term
n was said here tonight that TN heys ~ ttt,i-
+ion is hacked by members OF tEe NeW-toih 2tgytN
Exchange and that its real purpose Is 20 ~
a stock exchange in Jersey city, WIN a Wv 10
asconipe- from the provisions of the OIL receiitl4
signed by Governor Higgins imposing tax on
stock transfers a., . - +to N-e1--Iar-
sev stock Exchange had charter recGtugta ~, IN
tho County Clerk here late to-day IL uftS ~
aiItborzed capital of 100000 The iucorporatoLs o.
the latter are the same as those oI ~ ~ ~.
Secretorv Of state and it is said that the Pui
of the second company was TO keep prospeo'lNo
rival out of the field
James b. Din yesterday afternoon declined to
saw what interests were behind the New-Jersey
STOCK Exchange. The articles of Incorporation are
modelled 10 a certain extent after those OF the
London stock Exchange. but the privileges given
the new corporation are extensive. The provisions
for permitting the exchange TO do business III other
States than New-Jersey and to have branch offices
suggest that system of exchanges may be con-
tenplated.
1t was commonly thought in Wall Street that the
exchange had been Incorporated IN the interest OF
the Consolidated Exchange, members OF which
have for some time been disCusSlng the teaSiollJy
of establishing such an institution pTopaoIy IN
Jersey City. bcausc OF the NeW-NCrk stock Trans
large interests identified with the Consolidated
are also back OF the exchange.