New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-12-25
RESOLUTIONS TO
COMMITTEE OF FIVE
President Noble Makes
Address from ROStrum
Of Stock Exchange.

,,.-,bsrs Of the stock Exchange sus-
5.3 business for fifteen minutes
.....,rdsy at IL o'clock to express their
''.~.l of the resolutions Of thanks
'Pr .ts committee Of five for the man
which they supervised the al
w., of the exchange from the closing
Isly 81 up 20 the time the commit
GAS dissolved on December IA. The
.i,+ers were drawn up by a COM
...ss consisting Of James NJ. M92bon'
49, q Swords and Henry [. Law,
l.-'' and were adopted by the board
80 y -o1ernors 90 their meeting Nednes-
A r s Noble. president Of the ex-
H. 'e,d chairman Of the committee
- i0 accepting the resolutions
p ~ were read by Secretary George
" a., addressed the members from
". ,,ost-un overlooking the big trad
ne soo-. Vice-President Charles NJ.
,,..ts-~.or,be called the meeting 10 order.
bis address Mr. Noble SAID:
j" a. a. have had the honor Of being
-, of the committee OF hve, !
elass IL is a proper procedure Tor
'-ft 81. as their mouthpiece IN &C
t,owledg.ng this eNtraoralhary W
SsSee OF your approval OF what they
have done A.. g., .Lo rocer+
.,;sis the committee OF hve nave oeeh
NJ 20 accomplish anything when
ct YOUR recognition, / wish 10 say
me- nv. ssrrestlv that there is no reward
-. could have come 20 them thal
I'D have been more welcome thah
rs particular evidence OF your sym
-.,by and approval.
ave have just been making an eK
...is1cs in the history Of the STOCK
r-rbarge which has no precedent, and
L-s,.L IL not likely 20 be repeated even
~ distant future. The experience
IN ,-obably come 20 be regarded as
-" .Iyocb In our affairs II is therefore
s,1.ti.bie that we should form a clear
~, IN our minds Of exactly how the
sa-,sncv has been met, so that no
.,.,.ous ideas may be allowed to take
80, and form o wrong tradition Tor
with this in mind, wish TO say that
=. ,ytraordinarv success with which
=. S.oek Exchange has weathered the
sosncial storm that has been passing
over rs is not wholly due TO the eitorts
n anv individual or group OF maj
risusls. but is the result Of the loyal,
g,seIfsh and intelligent cooperation
Of al It's members.
NO committee. no matter how CON
s,;tuted. and no matter what its plans
,r5 devices. could have solved the
oroblems growing out Of this ordeal
IA thew not rested on the solid foun-
Ss.ion OF q united institution. The
S-oek Exchange stands higher to-day
In he confidence Of the bankers, IN the
GOOD will Of the press. and In the estl-
nation Of the public than It has ever
stood before.
@Tbe credit Of this happy outcome OF
our troubles is the common property
az all lis members. Those OF US who
bsppsn 70 have been in Office while the
drama was being enacted have had our
nsrts 70 play. and we have played them
with as much ability as our individual
limitations would permit. But these
Rave been parts only IN the production
Of the grand results 20 the creation OF
vheh you have all been generous con-
tnbutors"
n addition TO President Noble, the
committee Of five, consisted Of Henry
K Pomroy. Ernest Groesbeck, Donald
g. Geddes and Samuel F. STREET.. The
resolutions Of appreciation Of their
services said that the committee had
10 deal with matters affecting not only
he interests Of the Stock Exchange,
bs. Of the entire financial world. Dur
M the period in which the committee
had charge Of the affairs OF the ex-
change, there we're issued thlrty-elgnt
rules. which we're acquiesced IN.