The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-04-03
ANIMroRrANr MoyEMENr.

larity and importance steadily, and has al
ready become the most influential and pro-
missing organization ever started in Dallas.
II is composed now OF the best and most
progressive business men of the city, and
for the first time in our history We are pos
sessed Of power interested and constantly
exerted in the public behalf and the ad-
vancement Of the commercial supremacy OF
Dallas that we may well repose confidence
in and feel proud of. Among other things
now in contemplation by the Exchange,
whose numbers, business and prosperity has
been so rapidly increasing, is, we learn, the
erection at the earliest possible moment
oil large and beautiful Exchange building
in Dallas to cost $4,000. The plans have
been partially agreed upon, both for raising
at once the funds requisite and commenc-
ing the erection of the building. 1T is pro-
posed to obtain subscriptions from two
hundred live, progressive, energetic bust
ness men and reputable citizens generally
in Dallas and surrounding towns, if neces-
sary, of 500 each, 80 as TO realize the
grand total of $4,000 from this source.
Probably $4,000 or $4,000 more will be
raised by the issuance of bonds. The plan
of subscription will be S25 at once and $50
| every sixty days thereafter until the $500
are paid up thus allowing over a year for
thepayment of the sum in easy installments.
The plan Is not only "a good one but entirely
feasible and one that will recommend itself.
The building it is proposed to commence as
soon rs the first payments are made, and
will he large brick or stone structure three
stories high and elegantly and ornately fin
ished within and without. The ground
floor will be taken up with stores, offices
and commission houses, the second by the
Exchange itself, and the third with Offices
1t can readily be seen. as is anticipated by
the originators of the movement, that the
location of such building, the very head
centre of the business of the city, would
arouse such lively competition among real
estate owners that the lot for the erection of
the structure would be quickly donated.
Such is the plan and purpose of the Mer-
| chants Exchange for the erection of an
Exchange building. Aside from the fact
that n structure such US is contemplated
would prove one Of the most striking and
attractive ornaments to Dallas, the
further inference or reflection is apparent
that if carried to successful outcome, 10
movement has ever been inaugurated in
our city of such decided interest to the citi-
zens of Dallas without distinction. 1t is
the one thing that will do more than any
or all Others to bring here and fix here per-
manently more trade and business from the
entire section OF northeren Texas than We
have ever had as yet, or than other cities
around us could possibly hope to obtain.
1t will give solid, progressive and perma-
nent character to the Merchants Exchange
of this city, and the enterprise and business
generally of the town that nothing else
could, and wouldGclipse all other facts in
noising abroad the fame and prosperity of
Dallas. In Short the erection of great
Merchants Exchange building in this city is
the one movement about which all classes
should be unanimous and enthusiastic.
The shares in such an enterprise would be
one of the safest investments on small
scale that could be made, and the manner
of taking them, as mentioned, would render
1t possible for those of even the most linz
tied means to become Interested in the
matter. They would undoubtedly as the
business and growth of the town increased,
and in consequence the value and import
ance OF the Exchange building, in two or
three years double or throbble in market |
able value. The finest and most noted and
important structures In all the large cities |
IRE the great Exchange buildings, costing
hundreds of thousands of dollars, and Ger. |
tainly Dallas has reached that point in |
commercial prosperity and extent where u |
forty or fifty thousand dollar house for the |
purposesm mentioned is not only a proper but
a necessary move. With an elegant opera.
house and courthouse, a great and costly
Federal building and post office, and Il
large ornate and beautiful Exchange, we
could point the stranger to the most attrac-
tive and solid evidences of our growth,
prosperity, commercial Importance and
general culture. Not alone Dallas but the
entire country and section surrounding, are
interested in this last movement and wo
trust that the efforts that will be put for.
ward to carry II to successful termination
will be met with the utmost enthusiasm
and encouragement everywhere. Its man
ayers do not apprehend enoountering the
least trouble or obstacle, and we feel as
sured, as we hope indeed sincerely, that
they will not. The matter is one of extra.
ordinary Significance and importance to tho
entire city Of Dallas and tributary country.
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