The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1880-09-25
meetlng Of Bussnsss-lGsn.

RICHMOND TO BE MADE A COIToN-hdRkET-IN-
TgREsTIxg REPORT RELATIVE TO THE NAT
TER--oUR FACILITIES AND ADvLNTAGEs--
THE ENTERPRISES ENCOURAGED BY THE Busi-
NESS MEN ggSERALLY, &C., &C.
A meeting OF the merchants and business
men OF Richmond was held at the Tobacco
Exchange Yesterday nj l O'Clock to receive
the report Of the committee appointed on
the 18th in reference to increasing the IA
cilitIes and urging the claims OF Richmond
az a coiton-markef. Mr.. John p. Branch
presided. and Mr.. John OFT acted as secre-
iary. The following is the report:
RICHMOND. Va, September "a. 1880.
TO John Il. Branch, Esq, Chairman, dc. :
slr,-rhe committee appointed IN pursu.
ance OF the desire Of the general meeting OF
the merchants and other businessmen OF
Richmond held on the 18th instant, looking
TO the foundation Of cotton market at
Richmond, respectfully report:
/. That cotton will be brought to Rich
mond from all points south in the range OF
the Danyille railroad combination on terms
In all respecfs as favorable as those enjoyed
By Norfolk, Portsmouth, and Petersburg.
2. That warehouse room in Richmond ls
now sufficiently ample for the storage OF
very large quantity OF cotton.
3. That compress will be required, and
we accordingly recommend the formation
at once Of a Cotton Compress Association.
4. That the Corn and Flour Exchange,
responding TO the oyertures OF your COM
mittee, have changed the name and style OF
their association to the Richmond Gram
and Cotton Exchange" and agreed that all
persons interested in the cotton business
may enjoy membership on the same terms
heretofore prevailing in the Corn and Flour
Exchange.
Your committee cannot too much com
mend the prompt and hearty action OF the
Corn and Flour Exchange in this matter
and feel persuaded that the movement now
inaugurated and placed on so secure foot
ing will mark new era in the business
prosperity OF Richmond, pushed, as we
have reason to believe ii will be, to complete
success.
or course the necessary details OF the trade
will be duly arranged by the Executive
Committee Of the Grain and Cotton tx
change; and that there may be DO lack o
means TO give this branch OF the EXcbang'
perfect efficiency, your committee beg leave
| to enioin upon our businessmen generally
the necessity OF their earnest cooperation
| by promptly enrolling themselves as mem
I
berS.
! All OF which Is respectfully submitted.
A. L. ELLEIT, Chairman.
John OH, Secretary.
The report was unanimously adopted.
Mr.. Clemons made statement giving de
tails OF the operation OF the plan, ana nov
cotton may he drawn 10 this market. II
showed that Richmond had excellent facll'
ties for shipping TO Europe and elsewhere
Dir. y. J. Weisiger stated that the Rien
mond and York River railroad bad unllmite
facilities for hapdling cotton and forward
ing 1t to any ports Of Europe and this coun
try. ~.
Colonel james reported a long list
persons who have agreed to become men
Ibers OF the Grain and Cotton Exchange. -,
Messrs. 2. A. Mayo, George w. Burril
and others addressed the meeting. The
wanted to build up the business interest
Richmond. encourage particularly the PEE
ple in remote sections Of the State to aid
making Richmond, the metropolis OF II
Old Dominion, great grain and colto
market.
The movement is backed by the best me
OF the city, who will pusfit forward unit
complete success crowns their efforts.