The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-02-26
CITY INTELLIGENCE.
COMMERCIAL EXCHANGE.
A History Of the Association-Th New
Building on Second Street-Its Ex.
terror and Interior-Prepara-
BlOns for the Dedication
on Monday Next.

on Monday Next.
1-nat .history repeats Itself" is a trite yet
worthy adage. Its truth Is manifested not only
An ,he recurrence of similar national events.
but also In the recurrence of events which, by
their very na ure, refer to the more intimate
and private life and business OF the people as
aIs,inguished from the Government. The Gus
1oms of the ancient, the middle, aud modern
~aea ara ALI unlike--unlike In the main, and
atil every age witnesses the return OF some
thing-a fashion, q project, an association
vhicn had preceded It in years long past. With
a direct relation to the business-the trade of
the world - for instance, medieval times
had their powerful guilds OF mer-
ehants, and modern times have
redeveIoped them in Boards Of Trade" ,""Cham-
bars Of Commerce" and the like. Modern Phil4
delphia has not neen oealna en- Otner modern
We have here in our midst brotherhoods OF
Workmen and brotherhoods OF merchants,
Numerous, powerful, and Influential Thougn
great" may be the app citation many Of them
can n W justly claim, such claim, but very
fe years since, in the ease OF not y few, would
have been m abler of ridicule and llugnter.
History OF the Association.
Take the "COrn Exchange" for example, or,
as II is now Gaiisd the O9mmesesl ,s Exchange
had an existence OF less than score of years,
for In January, 1864, 1t was started on Its course
by the resolve made in q small and informal
gathering Of gentlemen interested In the flour
and grain business, that an association of per.
formed, Tor the double purpose OF advancing
the interests of that trade and fostering kindly
that meagre beginning grew the present large
and influential Commercial Exchange" the
In the house sD Of Henry Bedd, ESQ, and M there
were present at 1T Messrs. u: M. Bunker,
George l. Buzby, James Perot, William James,
Samuel l., Wilmer, and Henry Budd.
But q day or TWO following this rather i'm
prOmptu meeting, general one of the mem.
tion, was convened In an apartment OF the
appointed committee tMessrs Budd, Thomas,
James and Lea) reported with regard to the
matter under consideration. The report was
adopted, and on the Atm of February the asso.
citation met to elect is first board of managers.
& asnry snad s. TSoma a.
VIM. Jas. A. Derbyshire, b. M; Bunker, s. L..
wmes Al n an NesT snq hs f. A. G9od%fR the
President, William b. Thomas; Secretary,
samuel L. Wilmer; Treasurer. John Derbyshire.
The list of Presidents from the date of orga.
nization until the present time is as follows
1s-Wm Thomas Thomas ssa-C J. Mo%an
isSs-aon A.a. 0a,,eL iSS5-6sariyes Tisen Knecht
1S5S-George Il. Buzby l060-H. Hinchman.
1861. Barrett, Sr. lS67-Ohas. Gum mings.
1860-James Steel. le6S-E. I'll. Jeffries.
Its Good Works.
The oorn AZ s.1es ,sns; ;;Yrmat,on
lis progress unmarked by any striking inoi-
dents. But 1t was notidle. as It's success gives
iull evidence and the nation at large. In
existence. To aid In sappressing the >Rebellion q
1t raisee q regiment which reflected credit upon
an concerned. either in o%rganizatien organ or % com,
war, did the association neglect the appeal O.
the sufferer as & Its many SSptr6rtions button, to Shasi
the great Sanitary Fair was held In this city
the Corn Exchange was represented by table
presided over by a committee of ladies who
with the aid OF the Exchange, made q very
handsome donation to the cause ON account Of
End foreign countries have received kind aid
from the eassociation-ior when famine stalked
most popuIous nations OF the Old World. its
members sent abundant succor. When great
old city, and the Corn Exchange was not
behind hand. But the nobiest charity OF the
Institution was the Relief Fund the committee
having charge of which distributed among the
wives and families fer III Of our brave men at the
regiments In the field, and for their families
lences, apart from the peculiar purpose of III
organization. let us see what the association
Before its formation the trade Il represents il
this city was utterly demoralized, petty strif
amoupting in some instances almost to hatr ed
competition carried TO such an extent that tn
compensation received by the trader 1eli ia
short of the services rendered. This sad stat
of affairs was completely changed by the lnhu
strife ceased and gave place to good fellow
ship, Jealousy was supplanted by generou
confidence, charges were SO regulated as
compensate more fairly the merchant for hi
time. labor, and capital expended. and ina
without making any unreasonable exactioni
In addition to this benign result, 1t has bee
the means of greatly assisting the genera
trade OF our city, Its sphere mas pc en- enlarged
other trades have enrolled themselves unde
its banner, thus rendering necessary tha
change Of name which has lately been erected
From an institution whose roll OF membershi
displayed less than q do1ensnames, 1t has be
come one embracing hundreds OF firms; It's ha
secame too small for 1t, and IL Is now about en-
teriDg upon the occupancy OF the main room o
as the corner Of Second and Gothic streets.
The Chamber OF Commerce.
The first preliminary meeting for the purpos
Of organizing the Chamber OF Commerce wa
held september 2S 1866. On December ~ lSo'
the following were appointed % %eorRorstors; HS-
Hinchman. Jas. A. Wright, Nathan Brooke
Jos. g. PerOt, john II. Miohener, VIM: Bumm
haynS awsrd sitter Samuel hsrtTanI6 LoSas S,ac
E. Malone, Theodore Wilson, George L. BuzoJ
OonradH Grove. Charles III. Cummings, Chris
On beeemSsr 80 snI ths a%ne ioIlewine IN named wer
appointed 70 represent the whole committe'
60Nessrs. Hinchinan, Budd, Perot, Buzby, AM
On April IA, 1866, the following oommitte
was appointed 70 open the books and receiV
snDscripuonss;;-hln Perot, Cumming
A meeting Of stockholders was held Anril o.
ke6os when the following officers were eiected:-
sssrses9y ss%as WsrS; MansSsrS MsasSrer an
nnder q. Cattell, Charles III. Cummings, lame
A. Wright. Howard Hinchman, Chas. Kneoh
seneca e. Malone. Nathan Brooke. John
April Is. 1857, the following officers were r.