Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-01-16
Chamber OF Commerce.


tend our commercial relations, facilitate
trade, establish uniform usages among
merchant. prevent controversies between
persons engaged in trade, lncuicato gust
and equitable principles and TO Disseminate
useful business information To accom-
plish these objects il is Of prime necessity
there should be a specified place and ap-
pointed hour for the daily meetings Of those
engaged iu trade There il not Is city in
the world of any commercial Importance
that has not such place, and such hour,
where not only merchants, but nearly
every member of the mercantile comm
nifty. agents. iac,Cr-, brokers, carriers, un-
darwriters. bankers, exchange dealers and
/ buvrr5 ard sellers Of every character daily
NEE. on change Ancient Rome had her
/ exchange. aud they have probably existed
! from time immemorial. The Royal Elk
/ change of London has been in existence
/ for more than three hundred years, and the
/ daily visitors there now are said 20 number
/ two hundred thousand, while the visitors
/ % the Amsterdam BOurse are said to be
even greater. So universal Is the system
I in the commercial cities of the Old World,
/ that in many places the absence Of promi-
ncnt operator at the usual hour on change
would lead % reports preiudici5l TO his
credit
The Corn Exchange Of New York IT,
perhaps, the largest or most namerously
attended Institution Of the kind in our
country, having AT the present time an
active membership of near two thousand
firms. The practical operations OF this IN
stiutiou are so very regular and reliable
that many Of the business men Of New
York go directly ON Change from their
residence, and to their Office al MS close
l2l O'Clock Yet its inauguration, which
took place only a few years ago, had many
bitter enemies, and met with much opposi-
lion: principally, however, from old houses,
who insisted on letting well enough
alone and adhering to their time h0nored
customs Others, again, thought il would
deprive them of some advantages acquired
from long experience. In fact, the pro
and con. extended 10 the newspapers, and
quite war of words was carried on for =
long time But to-day it is considered an
indispensable necessity, and men wonder
how they got along without it.
The necessity for such an institution in
our city is proclaimed by every merchant
in it. with some few exceptions and the
reasons assigned by the opposition are 50
glaringlv detrimental 10 the interests Of the
producing and commercial community that
they need but be made public. The e5tab-
lishment Of a Merchants Exchange and
Chamber Of Commerce with rs will require
the concentration Of some one attractive in
terest We not only have that interest,
but the interest itself is now seriously suffer
ing for the want of that fostering care a |
Merchants Exchange and Chamber Of
Commerce can alone give. l mean the
SELLING AND BUYING OF COTTON.
Our present practice could hardly be |
more unsatisfactory to both seller and by |
er, or more injurious to our producing and |
commercial interest. 1t is the belief Of /
many that now, and perhaps for years to |
come, cotton is worth rs much in Nashville |
as it is in New York, and the reasons as
signed for such belief are plain TO the con-
monest observer. The cotton spinner much
prefers getting his supply as direct from
the planter as practicable for many reasons,
among which NAV be mentioned the fact
that it greatly lessons the loss sustained
from concealed damage, which of late years
has been almost beyond Credence The
spinner is enabled to trace fa!se-packing
directly home, itself becoming a matter Of
serious complaint And Nashville cotton,
from the fact it is generally grown by small
planters rs better handled than that grown
further South, by reason of which the per
cent of lnss in manufacturing Is consider
ably lessened There are cotton manu-
factories within our immediate range 10
consume our receipts five times over. Yet
We use none Of our advantages. Nomanu-
k.1.
trade Is in the hands Of a few spectators,
and prices entirely controlled by New
York deducting six to eight cents per
pound torl expenses in getting there,
where We have no business going,
u fair opportunities are offered and
proper cNcrtiOns made TO bring the
to buy in our market How
IAN this lie done The question is a sim
pie one, vet il can be simply answered.
Sell the 500 bales NOW being hartcred Oft !
here daily, at a specified place and ap-
pointed hour, under the auspices OF the
Chamber Of Commerce, al public auCtiOn
rivinr the producer the right 30 reject
ale7 The reflections will he rare OaCur-
renoes, aud az is fully demonstrated by !
the Clark7ville tobacco sales, We will draw
buyers and sellers from points with which
we have now no trade. We Will have ten
purchasers for consumption where We now
have one. The spinner and weaver will !
be our customers; the speculator only oCc8-
sionalIy where he now rules supreme.
Around the sale of this 500 bales of cot
lon will daily assemble our entire business
the grocer the dry-good4 mer-
chant. the railroad and steamboat agents
the underwater, the banker, the broker
ETC. etc, giving an impetus 10 commerce,
and production Of every
description that no other event could posi-
bly, secure. And the moving object Of the
present organizationot the Nashville Cham
Der of Commerce will have been accom-
plished MERCHANT.
NASHVILLE, January 18th, 1867.
4 SILVER WEnnING.-O Oar worthy fell
ow citizen, NJ. C.. Sultzbachcr celebrated
.hc tweuty-hith anniversary of his marriage