Identifier: newyorksgreatind00edwa (find matches)
Title: New York's great industries : exchange and commercial review, embracing also historical and descriptive sketch of the city, its leading merchants and manufacturers ...
Year: 1884 (1880s)
Authors: Edwards, Richard, fl. 1855-85
Subjects: Industrialists
Publisher: New York: Historical
Contributing Library: Smithsonian Libraries
Digitizing Sponsor: Smithsonian Libraries

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secondhundred, five hundred dollars, and for the third hundred, one thousand dollars. Transfer fees amount to-twenty-five dollars. In case of expulsion all rights of membership are forfeited. The capital stock of the Exchange is held by the fifteen Trustees during the continuance of their termof office, and on their terms ceasing is to be transferred to their successors. All the other property, affairs,basiness, and concerns of the Exchange are vested in a Governing Committee, which for the first yearconsists of the Trustees, and for the succeeding years will consist of the Trustees and the President, Vice-President, and Treasurer of the Exchange. The Trustees hold office for three years, one-third going outin 1884, one-third in 1885, and one-third in 1886. Elections are to be held on the third Thursday in.August of each year, and at these elections a plurality shall constitute a choice. The duties of the Governing Committee, as fixed by the By-laws, are to Provide and regulate suit-
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86 IMPORTERS AND GROCERS EXCHANGE OF NEW YORK. able rooms for the Exchange, and cause them to be supplied with newspapers, market reports, telegraphicand statistical information, such as they shall consider necessary, and do such other proper and needfulthings as in their judgment shall tend to promote the usefulness and carry out the purposes of the Exchange.They shall appoint and remove at pleasure such subordinate officers and employees as they may deemnecessary and fix their compensation, and shall do and perform all other acts which they are authorized ordirected to do by the By-laws. Nine members constitute a quorum. The other officers are a Secretary, who shall be a member of the Governing Committee, and a Manager,,who shall not be a member of that Committee, and who shall hold office at its pleasure. The Committeeson Finance, Rooms and Fixtures, Law, Floor and Membership, Complaints, Trade, Information andStatistics, and a Supervisory Committee for each branch of trade, each h

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