The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1858-06-02
The Tobacco Exchange.

Wepublish this morning the proceedings of a
Farmers Club, in Prince Edward, on the subject
of the recently established Tobacco Exchange in
this city. We are glad to see that the meeting
appointed committee to ascertain the facts about
the proceedings of the trade here and report to a
subsequent meeting. II this committee discharge
the duty assigned them calmly, fairly aud fully,
their report may result in good. They should
visit this city, apply for information to all parties
the operation Of the Exchange, and represent
the truth as they find it, The merits of the con.
troversy are not fully understood by outsiders,
anu depend so much upon questions of fact
charges aud contradctons-ihat it is difficult to
make up an opinion upon the whole subject, un-
less the parties were brought up face to face and
examined III due form.
With regard simply to the institution known as
an Exchange" where buyers and sellers meet
aud transact their operations of buying and sell.
ing produce, there be doubt that it is iudis
penoable i'll ali large cities. The confusion Incl
dent TO that mode OF managing the produce trade
In which the buyer hunts up the seller and the
seller the buyer, is extensive and Injurious in
proportion to the size of the commercial comm
nifty ia which such usage prevails We have for
some Years deemed the establishment of An Ex-
change in this city, for the transaction OF the gen.
era trade III staple commodities, highly important,
and have earnestly advocated it as tending to fl :
cilitate business for the benefit of the producer.
as we'll as ali other parties concerned; and more
over as the best means of compactng commercial
interests and energies, and making them available
and efficient in the highest degree for the promo
uon OF the prosperity OF the city.
The tobacco trade is somewhat differently cir
cunstanced from that in other commodities of
commerce. 1t has been, although not concentrated
into one building, conducted ut four points in the
city-better than II scattered indefuitely. Tia
subjected ocertain regulations of inspec
ton and sale, OF long standing and hich. even IL
attended with Inconvenience. delay aud uufairpess.
40 alleged are aotto be altered or abolished without
struggle and some excitement Nevertheless
with all these facts before them, almost the entire
trade IN this city have decided 10 favor of Tobac.
co Exchange. should it prevail aud renal n A per.
inanent establishment, il viii terminate In gene
raj Exchange, which this city much needs, and
winch VIII, Ia that event, certainly be one great
Advantage f1wing from this measure.
We hsye no apprehension that the plan :ers OF
virginia viii run into undue excitement on the
subject They about the most sensible and
conservative body of men on the face Of the earth
They are rejecting men. and though they are de
cided 10 their action, they don't act without delhi
GRAFTON. Therefore, they will not suffer them.
selves to be agitated about the subject, and the,
will act just as their interests plainly dictate-in
other words, just as they think proper aud WISE
They are going to send their tobacco where the,
can get the most for 1t, and entrust it to those
they pat confidence 10. We do not think any pre-
Jadices at war with these common sense conclu
sions will control their minds.
Therefore, We think IL the Exchange is needed
and eofrecis abuses after the manner those who
esta1iished cay 1t does and WILL will riu oh
and the planters will throw no obstacles in ts
way IL, on the other hand, 1t involves the griey.
anees to the planter that the opposite party charge
upon it,expefience will prove 1t, and the Exchange
VIII be given up. This test is the best