The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-10-26
JAY eouLD's LATEST
He Joins the Cotton Exchange, Through
His st Louis Representatives-The Adj
vantages Anticipated ON Both sides


His st Louis Representatlvcs-rhe Adj
vsntages Anticipated ON Both sides
The members Of the 81. Louis cotton ex.
change were electrified yesterday by the
announcement that representatives Of the
entire Eould system OF transportation CEN
tering in st, Louis has made application
for membership. The gentlemen proposed
are IL. NJ. HoXie, general manager OF the
| Iron Mountain, International & Great
Northern and the Texas & Pa.
cifc; X. $. Hayes, independent
of the same lines 4. 4. TAI.
mage, general manager of the Missouri Pa.
citic, Missouri, Kansas 4 Texas, and Cen.
| trail Branch of the Union Pacific, and
Henry Loarey, of the st. Louis & Missis.
sippi Transportation Company. The names
were proposed by d. 7. Rowland and sec.
onded by.W. N. Senter. Much importance
IS attached to the motion, and among the
members considerable speculation was in
dulged in concerning the motives which
| prompted the above officers to identify
themselves with the exchange, Some held
that the applications foreshadOwed
an interesting turn of the tide i'm
| treights in favor Of st. Louis.
ami others not SO Sanguiue coniectured TINT
| it was merely desire on the part of the
officials to associate themselves with a body
OF merchants with whom they must have
extensive trade relations. However. that
may be, II is an important fact TO consider
mat all OF The lines represented penetrate
the heart Of the cotton belt, and traverse n
section of country that in former years has
contributed generously TO building up other
cotton markets, notably Memphis and New
! Orleans.
In conversation with gentleman
| prominently connected with the
cotton trade Of st. Louis, n
reporter was informed that the appli,
cations for membership augured a COMPLETE
! change in the methods Of doing business
here. Being asked if he anticipated any
discrimination in rates 70 81, L.SG5i,. he re,
pied, with great deal of emphasis:
certainly you see Gould, having fixed
! upon ST. Louis as the terminal point for his
roads, has great interest at stake in the
city, which he cannot afford to lose or
ttrliie with. He can improve his own pos
non anu increase our general trade by
bringing here all the cotton that usually
seeks an Quite! elsewhere. As cotton
market 81. Louis can AFFORD to paw higher
prices than some other points and
when the natural advantages ara
enhanced by low freights from
the point of production Won will
see a boom here that will surprise you. The
Iron Mountain, under the old management
was not as friendly to us as il might have
been, and tell you We have reason TO con.
graduate ourselves on the CHANGE
Another member appeared to be deeply
impressed with the prospects for a brilliant
future, and unhesitatingly predicted thai
ST. Louis in few years would hold he
same position in the cotton trade as She aid
IN produce and provisions.
Inc barge system of transportation will
do II" he enthusiastically exclaimed.
Those railroad men and Henry Tourev
are, not associated together for nothing y
and as he nudged the reporicr
he added: THE whole cotton belt
will be drained into st. Louis, and then
with the aid Of our barge lines we can move
cotton TO the seaboard at a minimum If
cost, and unload directly into the steamer
or sailing vessel at New Orleans, saving The
enormous. port charges at that place and
cheatingthose rascally steyedores and LONG.
shoremen Of the exorbitant charges which
have made New Orleans a port Of terror 10
Shippers. The speaker had wrought him.
sell into high state Of excitement and was
all animation as he delivered himself OF the
glowing prospect that merely awaited the
leverage ofJay Gould's agents to galyanize
into an actuality.-[Globe Democrat.