The Pulaski citizen. [volume] (Pulaski, Tenn.) 1866-current, 1881-02-24
THE TENNESSEE BROKER.
AGE ASSOCIATION.
The Work it is Doing and the
Convenience it Affords to
Business Men.
Something of Its Methods and
Objects.

Jackson (renn.) Tribune and sun.
We are in receipt of the weekly
circular OF the Tennessee Brokerage
Association, an Institution which
had its origin in the commercial ne
cessities of the people of this and
adjoining States. A few of the
most enterprising business men Ia
tue city of Nashville, from expert
ence and observation, realized that
there was demand in Tennessee,
Mississippi, Alabama, Kentucky
and adjoining States for greater ia
clItie7 IN transacting business with
the great commercial centers ut New
Y ork and Chicago. Acting upon
this idea they established the Nash
vile Brokerage Association at
Nashville, Jan. 10, 1879, and ar
ranged for the reception of dis
patches direct from the Stock and
Cotton Exchange at New YORK, and
the Produce Exchange at Chicago,
every few minutes, 50 that those
who wanted TO have a transaction
with New York or Chicago could
step right into the rooms OF the
Brokerage Association at Nashville
and transact The business without
the danger and uncertainty of delay,
and with less expense than If done
with more distant cities. This
method of doing business became
so popular that branch was estab-
lished at Memphis Sept. "a, 1880,
and the style changed to the Ten
nessee Brokerage Association
There mas been a very large II
crease in the business at both
points. and the progressive manage
ment in order to give greater assn
rance Of protection to the patrons
of the Association, have created a
surplus OF 1000, which is invest
ed IN United States bonds in addi-
ton to the $4,000 of paid up capI-
tai. The old method of operating
was TO arrange with a New YORK
broker TO transact your business,
place the margins with him, then
make orders on him by telegraph,
paying all the expenses of CORES
pondence, telegraphing, commits
sIons, ETC., and laboring under the
disadvantage of having distant
correspondent who could not keep
you advised by telegraph without
great expense, or by mail without
great danger to your interests.
The Tennessee Brokerage Associa
tiOn has changed all this by bring
ing the business right home TO the
operator. They are a home institu-
ton backed by ample capital. They
are in easy communication by tele-
graph + mail either at Memphis or
Nashville, and all orders intrusted
10 them are promptly executed &C
cording to instructions. Not Only
is the Tennessee Brokerage Associ
alton entitled to preference as
home institution, as a matter of
safety, and as a matter of convent
ence, but it is entitled to it on the
score of economy.
The weekly circular before US
shows that operators are required
to furnish margins as follows: On
cotton ST. per bale. on wheat l cent
per bushel, corn l cent per bushel,
pork 20 cents per barrel, lard As
cents per tierce, clear rib sides j
cent per pound, while the commits
sIons are: On cotton 124 cents per
bale where transactions close same
day, % cents per bale for any time
longer than a day; wheat and corn
/ cent per bushel, pork 10 cents per
barrel, lard 20 cents per tierce,
clear rib sides D cents per hundred
pounds. The saving in time, in ex-
pense, in risk, and the greater GER
tainty with which the operator is en-
abled to act to commend the Tennes |
see Brokerage Association to opera
torS In this portion of the South, |
and it promises to grow to very
large proportions both in Nashville
and Memphis.
1t will be observed that the mar
gins required are smaller, and
the commissions as low as in New
York or Chicago. Col. S. H.
Bell, the Secretary of the Associa
ton, who manages the Nashville Of
fee, is thoroughly alive to the re-
sponsibility OF his position and full
ly competent to successfully con-
duct so intricate and important
business. The management has
been such as to give entire salts
faction to operators, and increase
the popularity of the Association
and the confidence of the public in
its management.
SHILOH'S CATARRB REMEDY, a
cure for CataTrh, Diphthe-
tia, Canker mouth and HeadBche. With
each bottle there is an ingenious nasal
injector for the more successful treat
ment of these complaints without extra
ri % Irin.. a Gid H.. C1.r-raLn-