Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1873-12-09
CHAMBER OF COMMERCE.
The Proposition Of the Cotton Exchange
TO Employ the same Secretary,
Received.
Appointed 10 Carry Ont the
Proposed Measures of Economy,
Etc. Etc, Etc.

Pursuant TO the call recently made, the
chamber Of commerce. with President Pc III
grew in the ch air, convened at three o'clock
yesterday afternoon, when the following COM
munication was read by the secretary, and on
motion Of Nj. Gates. wos adopted.
MEMPHIS, Decem Der 6, lS73.
To ]. N. Pettigrew, Esq, President Chamber
of Commerce:
DEAR SIR-The undersigned. from the COM
mittee OF the beard of officers Of The cham
Der OF commerce, desire 20 report, through
yOu, to that honorable body, that on Safur-
day last the board met in conference COM
mittee Of nve members Of the cottOn-ex-
change, tOinvite our cooperation il labOri ng.
for the commercial welfare of the city, ami to
ascertain our views upon the question of a
Joint occupation by both organizations OF the
rooms recently selected by the exchange, ana
a division Of the duties and expenses Of the
secretary, OF rents, etc. The rooms in ques-
ton are centrally located, at the corner Of
Front and Madison streets, first floor. 1t is
proposed, at all times, TO keep the records and
statistics OF the two organizations entirely
separate and distinct, while the arrangement
will be such that on all occasions of general
meetings Of the chamber the two rooms can
be thrown into one, and thus afford ample
space for the accommodation of the mem
0ers. By this arrangement an excellent lOca-
ton is secured, convenient for the attend
ance Of all the members; the chamber and
exchange can Doth avail themselves of the
same persons as Sc scretary and assistant, and,
by an equitable division Of the salaries and
rent, accomplish that which, at this time, is
especially desirable-s very decided reduction
in the annual expenses OF the chamber
These being the unanimous views OF your
board, as also OF the other gentlemen Of the
committee, it has been thought proper to re-
commend to the chamber Of commerce the
ratification Of the following arrangement
looking TO an economical and efficient man
agement of the chamber:
The chamber of commerce to assume, of the
obligations Of the cOtton-exchange-
proportion OF coo 90
Proportion of secretary's salary ...... !, 90 90
Proportion of assistants salary 400 %
Proportion OF porter's wages...-....--.... 100 %
$500 O0
Expense of fuel and lights TO be divided by
the secretary.
At present the annual expenses Of the
chamber are about tour thousand five hun
dred dollars. Under the proposed arrange
ment they will not probably exceed two
thousand five hundred dollars We are OF
opinion that while the chamber viii thus
save fully two thousand dollars a year, its
efficiency will at the same time be mater ally
enhanced. Respectfully, ID. T. PORTER,
Chairman Committee Of Board OF Officers.
On motion, the presidents of the two bodies
and The secretary OF the chamber Of COM
meree were appointed 10 execute the provi-
slons OF the above report.
On motion OF Secretary Toof, the rules were
suspended, and MessTs. A. J. RsLandauer, J =
S. Nay and W. r. PrOudht were elected mem
Mr.. Bayliss moved that, in view Of the ser
vices of Colonel Trous6aie as former secre-
tary. be be eleo ed an honorary member.
Colonel TrOusdale expressed his thanks for
this manifestation Of kindness, and said,
while he was not merchant, still he always
had the interest Of merchants and Of the
chamber of commerce At heart. He therefore
wanted TO become regular membe
On a motion TO amend, he was elected
member without dues
The president then made few remarks of
an encouraging character exhorting every
merchant 10 Join the chamber Of commerce
and the cotton exchange. He also stated that
the chamber Of commerce was now in pros
porous condition.
The proposition OF Mr.. Hunt to release the
chamber OF commerce from its liabilities in
regard to the rent of the hall for 1874, upon
the condition of paying him three hundred
and sixty dollars, was accepted.
After announcing the Iact that the Old
Fol ks would meet the next afternoon and the
cotton exchange also at two O'Clock, the
meeting adjourned stHe die.