The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-06-02
Dallas grain market, we have no seaport

answer tnat we nave not one seaport. Int
half dozen Of them. All the seaports are
open 10 us, and we can at any time contract
sniougn our freight agents here for any
direct to any European seaport, and we can
get through bills Of lading from here az
well as II we were living at Galveston or
New orleans. We have in this town
plenty OF capital for all legitimate business.
ana, II not enough, more will surely come
II there Is any necessity for it. All other
oo)ections We can throw overheard as only
fancied obstacles. The grain dealers and
commission men Of this city have, through
their perseverance and energy, built up
trade for whose demand our supply is
oarely suihcient, and now by starting this
exchange we tell the merchants of st. louis,
New Orleans, Galveston, Houston and other
cities, that we have an association here
guided and controlled by Just and equitable
laws, similar to the exchange, formed and
now existing in their own cities; they will
know then, that although strangers thew
may be, that their interest is safely guarded
by all the members OF this exchange, who
will not allow any infringement on our
commercial laws to sully the fair name Of
our exchange, since knowledge will bring
that confidence which i, so essential to the
prosperity of any trade. Then you see the
advantages we offer to the buyers from
other cities. Now, for sellers of grain,
whether farmers or merchants from the
surrounding towns if they know, or il they
come here and see that they can safely
int:ust the selling Of their produce and
grain to members of this exchange without
fearing underhand work, but see straight
forward, honest, above board dealing: when
they see that there will be buyer and a
price for any quantities they will offer,
how long, l ask you, will 1t
take them before merchants and
farmers will ship from here as
the shippers in the northwest do now to
the city of Chicago. One remark more and
l am done. In the city of St. Louis and
surance man, every freight agent, every
manufacturer and every wholesale dealer
belong to their exchange; and l do hope
that the business men OF this city will not
stand backward, but lend us a helping
hand by joining our exchange and give us
thus their support
At the conclusion of Mr.. Oppenheimer's
| address, Mr. p, S. Pfouts, OF the HERALD,
arose and stated that as Captain Veal had
been one OF the most earnest workers in the
organization of the exchange, it would be
well to hear from him ON the subject.
Captain Veal then responded, stating that
VIZ ih"oSui"e,oh VI ING ENTERPRISE was
precursor OF what was to come to Dallas in
the line OF cotton factories and other useful
enterprises, and pictured bright future
for this Queen City of Texas.
MIR. Pfouts was then persistently called
for. and commenced his speech by
saying that he was no speaker,
but that his whole heart and
soul was in this enterprise,
and that he had done all that he could to
forward the well conceived movement, and
the needed enterprise Of grain and pro-
duce exchange. That thousands of bales of
cotton had gone from this, its legitimate
port, because of the lack of adequate tacili-
ties and methods of handling 1t at one time
through needed cotton exchange. That
their enterprise was now on good, safe
footing,and that our receipts of grain wonld
soon quanruple; that the cereals would
now pour into Dallas from all the surround
ing region, and the whole city
would so throbbing forward under the new
health-giving impulse which to.day's i'm
portant movement now inaugurated that
the leading cities of the country would be
IN constant correspondence with us on
the matters that this exchange would
henceforth handle to our immense
welfare. he was happy to see so
| AhSishaheo Vi 'uu Nlty plcstilt, anu tHut tilc
near future would disclose how great boon
had been conferred ON the city of Dallas
by the splendid work that the
past few weeks had seen accomplished.
General Cabell was then loudly called
for, but failed to respond. Mr.. Pfouts then
called on Mr.. w. G.. Sterrett, OF the Times,
but that gentleman, from bashfulness or for
some other reason, quickly made his way
through the crowd near the stairway where
he had been sitting and passed down stairs,
failing to come to time.
| Continued calls for Major Elliott then
brought that gentleman TO the floor He
said he regretted Mr.. Sterrett's disappear
ance, rs one OF the HERALD's representa-
tives had already spoken, and he himself
came only as a looker-on in Vienna, but that
being on his feet he could not refrain from
| congratulating the exchange upon its aus
picious Inauguration. That II evinced the
fact that Dallas had grown to metropolitan
proportions and requirements and that
such an organization would herald to the
country that this was the great grain re-
gion OF the south with this Queen
City for its centre. But he warned
members that II was not the baptising ofthe
child In the family meeting Of Joy that gave
assurance OF the coming man as o success
nor th" breaking OF the wine bottle on the
fiVV thV snip ny
some fair damsel that e.ve guarantee that
she was to sail over always smooth seas
into ports Of prosperity, so neither did to-
days greeting and iestivity settle the S,ues-
ton Of success for the Exchange. IL re-
quired eternal work, vigilance, fidelity,
rightness Of conduct to carry II through to
full fruition OF true usefulness. But he be-
lieved that baptised az II has been and
plotted as II will be, the bantling will grow
TO vigorous manhood and land In the port
ofprosperity under the guidance Of those
whose private business records were
marked by success and inspired full con-
fidence In their public official capacities.
RRpRRsuMRSS.
After the speaking lunch, accompanied
by liquids to wash II down, was served, and
as II was the noon hour ample justice was
done II. The opening was rousing one,
and may 1t be indicative of the future suo-
cess OF the Exchange is'the wish Of the
HERALD. The names Of twenty new mem.
bers were enrolled.
Nv fricnd lool, hare Won kpow hnu