The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1882-09-28
Advantages It's Existence VIII Procure
for Dallas as n Market.
sumptuous Repast for the Guests The
Cake Rallle.

Tor DnlluS uS muihN's
Sumptuous Repast for the Guests The
Cake Ranle.
IFS Powers In Facilitating Business.
One of the most enjoyable, suggestive
and prognostic events in the history oil
Dallas occurred on yesterday at the rooms
of the Merchants Exchange, on Elm stteeL
The object of the meeting, as previously
anpounced, was the establishment OF q oal
BOARD in Dallas. When the rooms were
filed the chairman called The meeting TO
order and addressed the audience IN the
,loiu, mercantile, bat most po'arca re-
ms, ks, which are given elsewhere.
MANY do not know the exact significance
ofa "cau board.' 1t is simply rb's: An
accumulation is perfected by responsible
men aud merchants, undec mutual ool5a-
lion. 10 mako offers on certain produces 10
be sold in market. A merchant OF t arm or
desires to sell his crop-whether u De OF
cotton, corn, wheat, oats OF ruth lact
onvibinr marketable that springs from
no, cultural labor. He SENDS bus oiler
far sale to the board, and 1t -
offered for sale. Compeul1lon 10
bidders are on hand anu ne sets ny w.
highest price obtainable WI 'houI udoNei EaSs
and without ms pc sohs. poiSdiings tSa
inst lnce he SENDS c0tton mn ~
hers Of the board oil bid u competitive
Struggle for the purchase. II the cot!oh
turns ont TO be middling he gets mldonng
prices, if less, 1t is settleu ior any WY,
but on mdqllnS pTIholRio o. - a. a
prices. So with Wheat-No' %oei'o VIZ
standard. o.u all Tho oo.,,-
On this plan Inc SEER Se's az ond
petition without tLouote a. ovarything ! :,
the buyer gets chanSe aS eno W. va LIE nServ
the market. The stun Is put up anu o'eiS
buyer can bid whilst the Yenuor ' uoGS p g.
have TO hawk the ST. eets. IL - oai ,r,, ~
him and he is not q Iheie ~ go onnat
subject to every species OF "auo anu on'"V'
| ing. ,,.,,, ,,,roo n,ontbs
| GENHLEMEN:--A NJ oNe. % tba Mer1
ago we met here to lnaugurats ny ny, W. ~
| chants Exchange OF Dallas, anu, Mllie .ne
| founderswerecangum OF success SUI si."o
manv of those assembled mere az tla' y ,to
predicted o failure OF our enter pIiaei 49,
| hose most interested leareu tnav tnelS
might not be sufhclent lhteress oeneilO ot'oa
to insure regular ana cof f ,,S nieS%eS
at our meetings, hehce ieM Hr 10 a. Isas +
| Of
| for Is minutes each gay. we tno a ~, "t
the time when this pledge was given Iiin'
we made sacrifice OF just InGse 10 ili.
utes. After our Exchange nau oeeh AZ ~ ~ e.
| istance only a lew Gays, ny aloito Wv " =
remain Is minutes, put Weiouhu ~ w. J,, cua
| interest to remain one ioui, u III ,,,nro
that hour the ne LUZ, no,,i5 have done nv run
ming around town for nearly naii-uay
Our attending the Exchange hau pecoine
not q sacrifice but necessity, anu W,
1 OF think there is single ACTIVE nieihoI I "a
orr Exchange day VINO cannoC uo otI ne.
wise but to admit that the MeIEnan'S -
change has been source Vi PtoitS ~ M liz
The establishment oi Ine ,.1,;oi' o+ha. o
wise, would have been filled at other toWns,
because it is selt-evident thaG ueaie[s III
grain would not alone give us lhelr prefer
ence, but rather pay us little h>gher price
when they are aware that we are soselneeu
by laws and rules governing AL sea- siati.
centres, than to order from other p oin1tds
where they have TO TAKE III I.Sh5 any ao %Uo
| in case of disagreement nave no LeCot'Ise
but to the expensive ana SLOW neInou PIo-
yided in our courts OF justice, anu, tnercI
| fore, anu confident tnat the knoWieuSe, ui
the existence of our Exchange mas grealIy
added to the volume OF our. trade thls past
season, and am positive, IL our lhe !! y;
are true to themselves, the Ilme -
not far oil when the Go9 iil "I bPeiios
ing on Texas grain will look to Dallas
and to Dallas only as the source rom
which to draw their supply. ~ tlue
we may need then more eleyatoL war; war;
houses, etc., but these viii surely De pun
as soon as the necessity thereior peconies
apparent 80,
While the members OF ms EAc ,.a po oa.'
be just proud OF Whav etey S,ii nn 20 pnst
p,lshed, sun Ihey az H., COL, tor Gelds fresh
and pastures new, and therefore we nave
met to-day to add announcer leatnle w out
Exchange. | refer to the Gan Doara. MosC
of you, gentleme !, are no uount iaIiiill ;tI
with the modern operatioh, anu VIII
therefore not stop to explain II, as IL W fl
4 axe TOO much OF your time, put even mos
Familiar with the workings OF car DoaId
will ask me, How VIII II DeheliI Janus
| Let me state right mere Inat lne
prime motive for the estdolishnenI
| of the Merchants EXchange mas peeh 10
benefit Dallas, and all steps TAKEN IN tne
past and those that may De TAKEN III the
| future by this Exchange nave ~ tnelr
prime object the advancement oi paiI I
| If Dallas grows and prospeIs we snail no.
be the losers by 1t, ana IL 0ur e4:fHinaahge e
himself directly or indirectly benefited. In
order to show you logically now Gil Doaru
will help Dallas, ! will lust give you some
few statistics: In 1Sl9-sO our cotton ls-
ceipts have been 5l,0, bales, loSO,Si, 4f,0jZ;
iSSl-S2, 2I,470. While do not .hlnk INA
our receipts will continue to shrink a. tle
same rate, until bale OF cotton VIII pc
come a scarcity and wonder on the streets
of Dallas, still we think 1t is in our power
not only TO stop this decrease, put 10 derive
n system by which we caA quadruple our
receipts in less than three years rom to-
day.
fbe system Of call board gives mer;
chants here as well as tho9e ing IN the
surrounding country an opportunity TO
sell their cotton in advance for iutt deliv-
erv. and sell Il here on this exchange 10 The