The Rock Island daily Argus. [volume] (Rock Island, Ill.) 1872-1873, 1873-09-15
The 1ailg Aroas.
Continued from second page
BUTTER AND CHEESE EXCHANGE

tContlnued from second page J
BUTTER AND CHEESE EXCHANGE
The same paper from which we Gull
these facts contains an account of the
opening of the new Butter and Cheese Ex-
change, corner Reade and Chambers
streets. Three hundred members were
present. with invited guests A perma-
nent organization was effected Letters of
regret were read, from Gov Dix. Mavor
Hayemeyer, the Hon r. +. Fenton. A. s.
Jewell. ex-President of the Produce FIX
change s. B. Chittenden and the Hon
Horatio Seymour The opening address
of President Fairfield was very encourae
ing so far as the prospects Of the Associa-
ton were concerned He called attention
to the great interest manifested in the
movement, and its great Importance to
the commerce of New York. The follow
ing, read by Secretary Morgan, were
adopted;
WHEREAS, The transportation question
now agitating the producers of the West is
extending to the cities Of the Atlantic sea
board and arousing competition for the
commerce and carrying trade in agricul
tural products by leading to greater econn-
nv in the storage, transfer, and exchange
! of these commodities; and
! WHEREAS, The merchants of New York
and other seaboard cities recognize that
this commerce leads all other, and that it
| is vital to their interests that they become
united in giving it every facility; therefore
| be it
ResoIred, That the natural advantages oi
| New York are still commanding and only
require that the enterprise Of her mer
chants and carrying companies shall equa
that of the merchants OF Boston, Montreal
Portland ana other competing cities, in Or
der to maintain her supremacy
ResolUed, That, therefore, we emphatic
ally indorse any movement which tends t,
cheaper transportation, and to facilitate
the storage, transfer and exchange of agri
cultural products in New York.
Resotced That, as set forth in pamphle
form and now submitted to the public it i
the purpose Of the merchants Of New \ or
in establishing this Exchange to add an in
dispensible facility to its commerce whic
will result in the removal of burdensom
tax on the movements of produce in thi
market
The Hon. Erastus Brooks then made
long address in relation to the new enter
prise. Speaking of the great extent of tn
; produce business he said:
You have around you direct bushes
capital of over $l30,000,000. You hav
over 800, 600 tons of merchandise to wor
! with You are the direct representative
upon your own showing, Of $500, 00
pounds of butter and cheese, valued 3;
$50, 900, 900 of corn valued at $4,000, 90
;, wheat at $24, 600, 900, of cut meats at 81
, 600, 900, of petroleum at $4,000, 900, an
I this last only part of the general expo
of the country Beyond this are tt
countless products Of the garden, whit
feed million daily upon this narrow islam
two millions within sight of the buildiI
= where | speak, and Of many millions
more distant parts of the country and Il
world. Three thousand New York me
chants centered here, In correspondent
and cooperation with the 1000 great dali
factories of the land, will control and rev
lutioniZe the trade of the country. In Va
ue it is counted at home by three and
half millions a month while the forei.
shipments for this same month have be-
h one-h half of this amount,
/ A short speech was made by T.
Peters, formerly President of the Sta
Agricultural Society, at the close Of viii
the company retired to an adjoining rool
where refreshments were served.