The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1882-02-23

once and mark out line " policy 10 puf.
sue, aud follow II up until n desired and H.
VOrable contamination II attained. The com.
mltieos ON credit and finance have also In.
pOrtant matters deyolving upon them, for y
will be their province TO consult
with our bankers and moneyed mem
with q view 10 lessening the rate OF interest
heretofore oxacted on warehouse receipts
for cotton, and endcayOr Ia place our factors
and planters on MS favorable q footing IN
this respect rs are those of other cities in
the south. From the well.known liberality
and public spirit of our bankers there can
be no doubt that they will Cheeriully unite
with the exchange in the high enterprise
which now engages its members, in efforts
to make Dallas the leading cotton market
of north Texas, and second only to Calves
ton in the state. Ii is also hoped that every
citizen of this city, who feels an interest in
her welfare and prosperity, will give every
announcement in his power, both bv word
and deed, to further the beneficial objects
to be obtained by this organization.
The retail business of the city to-day is
experiencing the effects Of bad roads ana
almost impossible streets. The wholesale
trade has not been affected in the least by
| the weather and sales are as large as
usual.
DALLAS, February 2l-Now that the Cot,
| ton Exchange of this city is duly organized
on permanent footing and the necessary
steps inaugurated to effect several impor-
tant and well-matured plans and changes
| for the future buying and handling the
staple the next step formed in the same
direction should be made by our commits
sion men for the formation of produce ex-
change or an association of merchants who
either purchase or receive on consignment,
the grain and other products of the country,
outside of cotton. There can be no doubt
| that such an organization would divert
| thousands of dollars worth OF the produc-
| tons of north Texas to this city which now
are taken to other localities, and would add
greatly to the wholesale as well as the retail
trade of Dallas. 1t would not only increase
| the shipments of the cereals here, but 1t
would reach to all the minor products of
the country, for every one having an over
supply of any article, would be very certain
to ship it to the best and readiest
market, and those who desire to pur-
chase would naturally seek that
point where the greatest and most
certain supply could be obtained Like the
Cotton Exchange, efforts should be made IN
regard to reduction in freights and adj
vancements on the staple articles at less
per cent. than is now eXacted. The combi-
nation of business men in enterprises of this
| kind, all acting in concert, have done more
to build up the commercial interests OF
great cities than all the efforts made by in
dividuals or firms could possibly accom-
plish. Dallas has yet much to do in foster
ing and building up her business at home
and encouraging trade from abroad, and the
earlier she puts forth her energies in the
proper direction the sooner will her people
/ experience the benefits that united action
will confer upon all. 1t is to be hoped that
our enterprsing commission men will con-
slider this matter and take the proper ini-
tiatory steps for the formation of a produce
exchange as early as practicable.