The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1860-05-02

reauy peen puollshed In the EXCHANGE, and it only
remains for us to speak of the elegant finish of the
interior. The main hall is lighted by an extensive
skyhght and nine large windows, which shed
Hood OF light into every part Of the room, and af-
fords the most thorough ventilation. Timetables,
sixty in number, made of solid walnut, ar
ranged on the south side of the hall in semi
circle, while directly against the south wall is a
long range of sofas. The clerks desk is in the cen
tre the north side. 1t is raised above the floor
on a platform and surrounded by massive oak
railing. The walls and ceiling are beautifully fres-
coed, the designs exhibiting great TASTE and exc
cuted in most skillful manner The room for the
use of the President and Directors is situated on
the north side of the South-street 'front.' and is
neatly furnished and carpeted. The reading room
is also finished in the most appropriate manner
Taken as WHOLE the building is said to be by far
the most elegant and comfortable structure of the
kind in this country. At halfpast ten o'clock yes
terday morning, the members of the Association,
to the number of several hundred, assembled in
the hall, when Henry NJ. Warfield, Esq, President
OF the Association, called the meeting to order,
and delivered the following address, which was
well received, the speaker being frequently in
terrupted by applause.
GENTLEMEN: The pleasing duty has been delegated to
me- by your Board of Directors welcome YOU into the
occupancy of your rooms am frank to confess my
ncapacy to fulfil the requirements of occasion such
this present Trusting however to your forbearance
and partiaty may not anticipate hearty response to
cordial congratulations, that "lnes have fallen
pleasant paces?" To have been translated from under
the summer the cold winter blasts Bowley's
wharf to these apartments repee with generous
nences, claims indeed grateful acknowledged To
those gentlemen who first conceived other requirements
necessary to concentrate and develope the various
branches of trade represented upon this floor,
would desire to pay fitting tribute to their foresight and
energy which, surrounding all dlfhcutes OF TINS
then contemplated organization have through
support and announcement, given us local habation
and name" Amid all the throes and vacillaons of
trade be pride to reain at least unbemshed
regulations for orr membership, and to command the
concentrations of all would be enemies this organza
ton Termed the explicit purpose closer union Of
various calngs, thereby facilitating and meeting
every requisition contemplated in of ncorpora
tiou. We yet remember tho indefatigable eXeriinns
founders this Association whose zeal has been
duly appreciated and honored by the of the
from allied and kindred associations
Prior to the obtaining of the present charter, under
which we have our being, we must not lose sight
of the three years spent in endeavoring to give
us legitimate beginning. The first meeting
Of the few who happily conceived necessities was
held February Sd, 1858, at the Commercial Reading
Rooms, when, Thomas W. lowering in the chair William
Crichton offered the first resolution setting forth the
srable purposes and intention of this organizations
whereupon active committee appointed, having
for its aim the obtaining of subscribers. How well that
committee realized its mission, this result will testify
So vigorously did the gentlemen appointed enter
their duties upon February, 1858 the vari
Gus officers were elected, headed by Nathan Tyson as
President who continued to fill that position with the
unalloyed respect and satisfaction of this membership
until his resignation 14th January, 1856 The name OF
this estimabe gentleman is yet household word upon
this floor From the period of the first recorded meeting
incident to the procurement of charter from the State
Legislature prejudice then seemed to exist in the
minds of delegates from the several counties adverse
the propriey of granting such privileges
for mutual protection and the object forth in
the respectful application to that body 1t is now, how
ever my pleasure to bear testimony to the cordial appro
val of the effect of this organization by very many its
opponents. Since the date of first existence
porate body not yet have four years elapsed 1t
the 22d of May, 1856, that this ''Corn and Flour En-
change" first came into existence upon application at
the proper creative tribunal solicited by Nathan Tyson
IhOmaS II. solomon Corner, Samuel FenDy,
Thomas Whitridge, William Crichton, B. F. Newcomer
Israel VI. Parr, Thos W Levering Charles A. Gambrill
William Chestnut Samuel Hazlehurst, Jos. B Brink
ley, Jno S. Williams and Charles D. Hinks-gentemen
whose names and influence stimulated a prompt re-
sponse and launched it propitiousy to work out its
legitimate ends. These gentlemen may well look
back and congratulate themselves that the seed
sown in good ground, aud, having taken vigorous
root spreads ample branches from which all inter
ested in various callings may pluck the benefits.
1t is here that the majesty of honest labor gives
corn and wine 1t here that active and wedirected
enterprise receives merted reward 1t is here may
build around us the confidence, the good opinion of all
brought in contact with us Ours is manly generous
calling. We will lend willing hearts and hands
to the onward march of the prospecting city of noble
State, of glorious Union At the terminus of
of the connecting links of our nations greatness
will scatter her hidden riches upon the
Chesapeake that they may return with fourfold
blessings, for the enjoyment of united nation We bid
the husbandman to pillow, to sow, to reap We ask for
fair competition for their favors and in return guar
antee liberal satisfaction shall be meed out to them by
the merchants of Baltimore With continued usefulness
and satisfactory additions of members this Exchange has
prosperous
Direction headed by William Crichton and John S. Will
liams presiding officers, gentlemen to whom it
privilege this day to record appreciation of their gen.
erous and meritorous services and their dguifed ad
ministTatiOn of its Affairs During the past your
Board digested plan looking to the formation Stock
Company, having for its object the erection suitable
building for the and accommodation of this ASsOca
tOn finding that under charter they could not
attain the ends contemplated. charter having been
obtained and the necessary terms of having been
complied with, "The Exchange Buildings Company
duly organized April 70 1859 with Horao L. Whtridge
as its President, who, with Building Committee
posed of Messrs VIM. Crichton Geo p Kane and Benja
min G. Harris carried into effect promptly and with sig
nal ability the instructions of its Board of Directors
This buildngnow stands monument to the generosity
of its stockholders. The successful carrying out its
design and various appointments the gentlemen who
had the detail of its erection in charge and its admins
tration, fortified by occupancy of its building bids
fair render good account of it's Stewardship With
day may that fresh impetus shall be given
now devoted. 1t becomes our duty, by every
getic means to increase our membership by which
revenue may be so much augmented as to enable your
Board to anticipate want that its constituency, of
right may demand and far as in us lies, dign
fled influence be eXered by the individual membership
of this Exchange that will repel with its force
assaults that be made the integrity of its
ganizaton. not be inappropriate at this time, to
look back the variety of transactions naturally
tered into by this membership and their magnitude and
to record with what unwaverng integrity members have
from time TO time without any other pledge than their
word, carried out with honor and credit to themselves
the spirit of such engagements Without the form
of to bind them, they have hitherto kept
unsullied regulations for honorable dealing The
such example will stimulate and those who follow
spirit of such emulation. Whilst welcoming YOU this
day. your Board would respectfully desire tender you
their high appreciation of the confidence you have be-
slowed upon them, and to pledges of continued
jealousy for the satisfactory rendition Of the trusts
mitted to their charge; and in their name would
invoke that providence who holds us in the palm of His
hand to grant His prospecting each and every
dertaking of this membership
At the close of the Presidents remarks, William
Crchton, Esq, was loudly and repeatedly called
for, and in response, said:
Il
called upon to address this meeting have just
| ed from an illness of several days and but poorly
prepared to make address to you fitting this occasion
1t would be more gratifying to me, and sure it
would be to the members of the Corn Flour Exchange
Association; if Mr. Whtridge, Pres of the En-
| change Buildings Company, had been called upon to
welcome you to the occupancy of your sphere
eratons feel and properly appreciate the compliment
| paid to me as chairman of the Building Committee of
this structure in the able address of the President but
gentlemen much praise is also due those who have so
warmly and ably aided me in the the ardu
Gus and often discOuraging labors attending the dis
charge of duties Discouragng did say yes; for
it is matter of history that from the selection Of
the site until the of the enterprise beyond
all question: obstacles nnumerable have path
would have caused less jealous and energetic de-
termination to have paused and faered. But with the
Importance of the work entrusted to and the
of sentiment known to exist in regard 10 the enternrse
determined to know mo such word fail" For
fufment of pledge ask you look around you
The present may not be annappropriate say
and particularly to such stock holders the
Exchange Building, to silence of the numerous ru-
mors promulgated in the early period of the purchase of
and that the contract for the entire and complete
struction of the building, notwithstanding additions and
improvements made to very large amount and pro-
vded for in the original contract falls very considerably
within the estimate of the architect and here allow me-
sir to that this beautiful edce but another monu
ment to the skill and ability the architect Crawford
Nelson, Esq., while the faithful accomplishment of the
work to tile entire satisfaction of Committee is the
best tribute We pay to the honest and well deserved
reputation of the builders, Maughlin' & Johnson -
The stock subscriptions of this 100
have been subscribed by IA members the Corn
and Flour Exchange Association, membership of
$50 Surely, sir, knowing the direct interest which
member of this Association has in the success of
this building, it is reflection upon iberaty Of its
members that should suffer any embarrassment for
want of funds to complete this edce and place it in
! the hands of the Company free from debt To
| effect this require the additional subscrp
ton of $4,000 only, a subscript on of 800 each
for forty members trust sir that mere announce
men of this fact in this place. and this time will in
the subscription and thus place our success beyond
all doubt And now, gentlemen that the task is accom-
pshed it may be well to take aspect of the past
But seven years ago, it is well known those Of YOU
who engaged in the grain trade that time that we
met in the street, true to the instinct of Just where
trade now is and bought and sold our commodities
In that 1853 the Corn and Flour Exchange
ganzed, and with less than fifty members and with many
misgvngs the limited and uncomfortable apartments of
the old Exchange occupied Now here we stand in
this and beautiful hall, unequaed in the country
at tribute to energy and good that
particular branch Of trade which we represent With
spacious and elegant apartments with every convenience
and light and ventilation, have hesitated to
place around us in business, of the renements
OF social life Nor have neglected provide in the