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

In this age OF progress the great idea
controlling practical inen is how to DO
business in the most expeditions manner.
TIE Augusta Exchange, which has re-
Gently been established in our Il..st, and
is low on sure basis, Is !. man station
OF this Idea a large cotton 'tade, IS
well US other interests, had lope iiade II
apparent hat an institution OF the kind
was Necessary III our city. 'Actuated by
this knowledge, certain Of our leading
business men sci tie Dali in notion and
the Excnange soon became IL fixed iact.
Its advantages are apparent 10 all VINO
iook INTO the matter, ana particularly as
to the iaciities Afforded by 1t ior Selling
;.nd purchasing securities. III me dal
gone by, wnca The pilnclp.l wealth OF tnq
South WIS n :gyes, tne p.;st,.ei, ;.Iter u's-
posing oi III crop, III ni.e t'sses OUT ot
Ter Invested iIls pivil,s III negroes. StCtEs
tie cities. Ii Tue p!antcr wished to
borrow money MS only course was to
pay his factor u commission, besides the
regular interest, for advancing. Now this
IS all chanseu.' Negroes are no longer
property, and ...o.ley must seek other M
vestments. lle question t.en is, where.
should the planter put his surplus The
answer TO this seems plaln Southern Sc
curities Of every description offer not only |
as safe -means OF investment as can be |
lound but paw remun, rative dividends.
In the Exchange the planter has every
facility Ior purchasing stocks and bonds OF
This character. Augusta Is already be-
coming the great centre Tor the purchase
ald ss.e vi southern securities. and as its
advantages become more widely known
tnrough tae LXci.ange IL will n.crease IN
importance. Inc PLATTER, then, who has
Il certain sum wlicii lac wishes 10 invest
.i;Is yn.y 10 ssnt. Ii 20 lis factor with direc-
t.on, 20 purchase specified stocks or bonds,
,'nI without delay or trouble 1T will be
uo.4c
Possessed oi good securities by deposit
mg them as collateral, ne will lind no
difficulty in securing loan frUnrany OF
the oanhlng institutions Of tie city.
should ha desire q; any ..ne to dispose OF
his stocks or bcnfis, they Viii m=a, %lth
ready sale at tie Exchange a rcsu.ar
cal ol all the prlacipa! soG,aern sccnnues
at certain hour. each day alIo:ds orpcr
tumty lor members OF the .Lxclangc 20
either buy or sell. Nearly all oil the cot
ton firms arc represented n the organiza-
ton; therefore, the planter will have no
trou5lc III purchasing VI selling secustles
at the Excnanse, through his factor.
Muc!l all has also Jeen given TO the
cotton Trade OF Augusta oy tbs establish
menc oi the Exchange Anordlng instr
passed faculties for the management .oi
the great staple. both for present and IT,
ture delivery, it will undoubtedly direct
Eluch cotton hither that has heretofore
.ound other ou,i.is. The sale OF futures
has become one o. the great features q;
the.cotton trade Previous 60 the esta5-
lishment OF the Exchange large amount
Of money IN the way ol margins was an
nuaIiy sent to New York, thus takin..
away much capital from our midst. The
EXCHANGE obviatcs this, and the margins
remain at home. In regard, then, both to
the increase Of cotton receipts and the re-
tcniion Of margins foc futures" the Ex-
change vii! add to the business apd float
ing capital Of Augusta
Taking it all in ali the Augusta Ex-
cEaNs;c- iz one OF the-nost tnsl,ortans<ins.i-
tuition in the South. It's members are
among the most substantial business men
OF orr community, and under their man
agoment it's bound 10 flourish and incrcasc
il Observation-Disclosures. :