New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-03-03
MEMBERS CRY GRAFT"
IN PRODUCE EXCHANGE.
another Committee to Investigate
General Management.

There was general meeting Of the members
.. the Produce Exchange after the close OF bust
,.ss Yesterday 10 receive formally the report Of
.he special committee on ways and means ap-
ro,rted on May - last 10 formulate plan for
-.orssnizing the management of the real estate
= the exchange. The report had been presented
- The members in pamphlet form six or seven
,,ssss ago, so that they were all familiar with
!, mt ;here was full attendance 20 hear the
,s,ussion. The meeting was called 10 order
~ President Perrin OF the Exchange. and the
mort was presented by E. H outerbridre.
,ssirrnan Of the special committee II makes
-s,omrendations for drastic changes in the
arrangement Of the property. chief of which is
that il shall be taken out OF the hands OF the
committees which have formerly had II in
charge and a superintendent shall be appointed
70 look after al the affairs. Charges of neglect.
IN that a highly profitable property has been al
lowed 10 run to waste, are made. and specific
instances are given OF extraordinarily high
rrices paid for work done. During the reading
NJ the report and Mr.. Outerbridges speech there
was more than one cry OF Graft"
number OF speeches We're made by Indignant
members. al In support of the report. and it
WAS unanimously adopted. with the execution
~ q provision for putting in a n1ezzanine floor
over the board room and providing more Offices
10 be rented. This recommendation, II was ex-
plsned. was tentative. depending on negotia-
lions now In progress Cor disposing of part OF
The floor space of the Exchange.
At meeting Of the board of managers Of the
Exchange Oh February u 10 consider the re-
por7 Of the special committee. the following res
olution adopted:
Resolved. That the president he requested 10 an
point committee ~ consist OF five members OF the
hoard 10 thoroughly investigate the question of
erpoyes. their duties. remuneration and the ean-
era expenses q The exchange and 10 consider the
r-commendaJi0Ts OF the special COMMITTEES on pravs
and means With 2 view 10 increased efficiency and
economy Of expenditures.
After tie meeting yesterday had adopted the
report Of the special committee the board os
managers TANNED through e motion approving
the foregoing resolution. but there was tackled IN
Il & provision that the special committee an
pointed last May should be associated with the
committee from the board Of managers and as
The special committee consists Of eight members
ana is unanimous in its opinion IT is expected
that Il VIII be able % carry through its plans
Many members Of the exchange could NOT see
yesterday The need for another report which IN
is admitted VIII not De brought in for sixty DAYS
~ the earliest. II looked TO them ike a policy
a delay on The part OF those opposed TO the rec
concentration of the special committee Presi-
dent Perrin explained that the exchange as a
whoe hso no power TO legislate except through
ne managers. The query was then put WHY
Qd not the managers. accepting the sense of the
exchange, provide the necessary means for put
tng IN eject the provisions Of the report? No
satisfactory answer was vouchsafed to this