Evening star., 1927-05-08
BY /. A. FLEMING.

STOCK Exchange was duly received.
1--WE would tender our heartiest
congratulations and sincerely wish
you success.
with this is mailed a copy of our
constitution and bylaws.
Yours respectfully,
"B. o. WHITE, Secretary"
Philadelphia quickly fell in line un'
der date of November II, 1881, as
follows:
George II. B. White.
president, Washington
stock Exchange:
'T have received and caused to be
read to our exchange notice of your
formal opening on the 7th instant.
II beg to offer on behalf of the
Philadelphia Exchange it's best wishes
for the prosperity of your organiZa'
ton.
"Our secretary will forward our
daily stock list and we shall be pleased
to receive yours in return.
II am yours very truly,
GEORGE GILPIN.
president
The secretary of the Baltimore Stock
Exchange, Alexander drummer, wired
his congratulations
Hc IHCIuUSIb Va LIiS DdlLlAiOh z
Stock Exchange congratulate you and
wish for your organization every sue
cess"
Success Comes Slowly.
With a limited trading list, with a
relatively small number of private
investors and with the New York
Stock Market furnishing all the in
centive to speculation, the new or
pNiz finV 10 Cfnyy1y hlIf
it really did progress, and March z,
1887, a resolution was adopted in
creasing the limitation of membership
from 20 to 40.
During the first year Of the exist
ence of the exchange membership sold
as low as $25 and as high as $50, by
1887 memberships were selling at $100
and that price was maintained during
the year.
For a time the members met in a
room engaged for the purpose and
then for some years maintained an
organization and met around" with
no stated place of business, although
there was some talk OF "a home of
our own"
Adopts a Constitution.
Up to November ID, 1890, the affairs
of the exchange were in the hands
OF a committee, to whom they had
been referred by the exchange, and its
recommendations acted on by the full
board.
This arrangement naturally proved
unsa satisfactory. The constitution pro-
vided for the election of a board of
governors with authority to elect
members. With few changes of rela-
lively small Importance the constitu-
ton of 1890 is still in force.
The development of the utilities of
Washington. the consolidation of the
street railways into practically two
systems gave wonderful impetus to
the exchange. Business increased very
materially and memberships doomed
TO price that has not been anywhere
near equaled in recent years.
Membership From Organization
to 1900.
Between tho organization of the
exchange and the publication Of the
Paris s-Mearns' history, under review,
120 men signed the membership rolls.
This list is interesting as recalling
many of the leading business men of
the city during the trying last two
decades of the last century, men who
faced some of our worst panics-some
Of them going down in the struggle,
but some coming through with colors
flying.
Since the publication of the history
in 1900 very many-in fact, the great
majority-of the then members have
passed into eternity, but quite a num-
Der are still more or less active in
financial affairs in Washington or
scattered in other sections of the
country.
The publication of the list of mem
bers may recall to the business men
of today many old friends who have
been dead for many years, pioneers in
the establishment of the great invest.
ment security business of this city
which is today large enough to have
tempted the establishment of many
branch Offices of New York and other
large cities.
An asterisk preceding the name of
a member is an indication that the
party named is alive today This list
also includes the names of the or
ganizers of the exchange. They are
given in the order in which they
joined the exchange, the first group
including:
Messrs. George II. B. White, Fl. b.
Cooke, Fl. E. Offiey, Charles l.. Brad
le Frank G. Middleton, Jacob w.
Kerr, Charles P. Williams. D. w. Mid
dleton, w. H. Barnard, John w. Cor
son, A. E. Bateman, S. e. Middleton,
Jay Cooke, jr.; Lester Bartlett,
'Charles c. Glover, j. Stanley Brown
and Fl. B. Warner.
Then in order named, "A. K. Paris,
F.. f. Middleton, John w. Thompson.
n q (.P0nr3 (Hanf.oa rEt-YIaCdn 10 TX
II. Turner, Peter Campbell, A. b.
Brown, B. B. Williams, Z. B. Cottrell,
w. G. Hill, j. F. Olmstead, l.. w. Nor
rison and James T. Leary.
Charles ]. Newbold, *Charles j.
Bell. Thomas Bowling, H. C. Towers,
w. F. HELEN, J. X. Upton, Charles
T. Havenner, J. E. Beall. Frank
Morey, Edward Brand, l.. J. Davis,
f. NJ. Nourse, William Dickson. J. V.
n. Huyck, George M. Robinson,
@James NJ. Green, w. II. Deeble, 81.
w. Mccartney, "F. B.. Conger, W. S.
Towers, Seymour w. Tullock, *Frank
II. Pellouse, Pitt Cook, Orrin G.
Staples, John T. Arms, Frank Libbey.
John S. Lawrence and Buchanan
Beale.
July 9, 1887, William B. Gurley and
~Clarence F. Norment joined the eX-
change. Following them came For
rest Dodge, George II. Kendall,
Clement ". Howard, Fred w. Pratt,
Pacificus Ord, Eugene b. OLeary
Louis Cunningham, Thomas Hyde.
T. Kurtz Johnson, Austin Herr, +. l..
White. Charles G. Shoemaker, James
A. Bates, Robert f. Frey, Walter w.
Burdette. Benjamin r. Snyder, Frank
w. Rawlings, w. RI. Slater, "M. Nj.
Parker and A A. Thomas.
In the Spring of 1890 H. K. Willard
and r. c. Stevens joined the exchange,
and in the Fall Of that year FW. b.
Hibbs was made a member Then
came j. r. Mclean, Beriah wilkins,
K. II. GoIdsborough, Dorsey Clagett,
b. X Plain, %William A. Mearns, All.
Rozier Delaney. II. o. Wilson, *H. M.