Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1872-07-11
The augusta Exchange.

In this age OF progress the great idea
controlling practical men is how to dc
business in the most expeditions manner
TIE Augusta Exchange, which has re-
Gently been established in our mlast, and
rs now on sure basis, is = man station
Of this Idea. 4 large cotton tade, Is
well as other interests, had long aade II
apparen, that an Institution oil the kind
Was necessary Ill or city. Actuated by
this Knowlecge, certain OF our leading
business lnen sci tie ball in motion and
the Exchange SOON became a fixed iact.
Its advantages are apparent TO all VIZ.
look into the matter, and particularly as
to The aciiities Afforded by it lor selling
and purchasing securities. III ne ia! )
gone Dy, Hhca Liic pllliclp',l wealth Oh inq
South w"s IN slHveS, lle r,;.r,ef, alter 1'sTI
losing oi III crop, Id nl.le e.ass out OF
Ter INVESTED ills p.oii.s IL negroes Stocks
alid bonds Were ned almost altogether IN
tne cltles. II tue pianter wished to
borrow money mis- only course was to
pay his factor Il commission, besides the
regular interest, for advancing. Now this
IS all changeu' Negroes are no longer
property, and a,o;iey must seek other NJ
vestments. Ile question ti.en is, where
should the planter put his. surplus? The
answer to this seems PLAIN southern Sc
curlties Of every description offer noe only
as safe .means OF investment as can be
found but paw remun, rative dividends.
In the Exchanage the planter has every
facility Eor purchasing stocks and bonds OF
this character Augusta is already De.
coming the great centre Tor the purchase
and ssie vi Southern securities, and as its
advantages become more widely known
through the Exchange II will increase IN
Importance. lnc planter, then, who has
q ccrlan sum whlch ne wishes to invest
iias Only ~ senu Ii 70 lis factor with direc-
t.ons 10 purchase specified stocks or bonds,
md Without delay or trouble it will be
uoAu
Possessed oi good securities by deposit
ing them as collateral, nc will find no
difficulty in securing loan fomany OF
the banking institutions Of the city.
should he desire at any ,ime 10 dispose OF
MS stocks or ocnfs, they Viii NEE, with
ready sale at tie Exchange. a regular
cqil OF all the principal SOUTHERN securities
at certain hour. each day affords oppcr-
tunlty lor members OF the .Lxchangc 70
either buy or sell. Nearly al ol the cot
ton firms arc represented IN the organlza
tloa; therefore, the planter vii have no
trouble Ill purchasing Or selling secnaties
at the Exchange, through his lactdrs
Much alI has also been given sEo the
cotton Trade OF Augusta by The establish
ment OF the Exchange AtIordlng unsrir-
passed faculties for the management oi
the grcg, staple, both for present and tu-
ture delivery, it will undoubtedly direct
Eluch cou,on hither that has heretofore
iound other Outlets. The sale OF futures
has become one OF the great features o.;
the.cotton trade. Previous to the esta5i
lishment of the Exchange large amount
Of money in the way ol margins was an
nually sent to New York, thus takin:
away much capital from our midst. The |
obviatcs this, and the margins
remain at home In regard, then, both to
the increase Of cotton receipts and the re-
tcntion of margins for futures" the Ex-
change will add to the business and float
ing capital Of Augusta.
Taking it all in all the Augusta Ex-
iraEse i; 0na OF tue most nsl,stsaassins.i-
tuition i'll the South. Its members are
among the most substantial business men
of orr community, and under their man.
lgcment is bound to flourish and increas'
n Observation-Disclosures. i