The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1883-04-05
Az ,urn,,r,sr IMMINENT.

AN iMronrASr moyrNESr
The Netchtnts Grain and Produce TX
,hange Of this CITY SINCE its organization q
few months ago has been growing ~ popu'
Iarlty and Importance steadily, and has al
r lady become the most influential ana pro
missing organization ever started In DaIts'
IL is competed now of the best and most
business men of the city, ard
for the first time In our history we are pc s.
ssssed Of power interested and constantly
exerted in the public behalf and the 40
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 EXchar ge'
whose numbers, business and prosperity has
been so rapidly increasing, is, we lealh' the
erection at the earliest possible moment
of large and beautiful Exchange building
in Dallas to cost $4,000. The plans have
been partially agreed upon, both Tor raising
at once the funds requisite and commenc'
,nr the erection of the building. - 1t is pre-
nosed to obtain subscriptions from two
hundred live, progressive, energetic bust
ness men and reputable citizens generally
in Dallas and surrounding towns, II neces
sary, of 500 each, so as to realize the
Grand total of $4,000 from this source
Probably $4,000 or $4,000 more Will oe
raised by the issuance of bonds. The plan
of subscription will be $25 at once and So
every sixty days thereafter until the SZo
are paid up thus allowing over q year ioi
the payment of the sum in easy installments'
Tire plau IS not only a good one but entirely
feasible and one that will recommend itself.
The building it is proposed to commence as
soon as the iirsr payments are MADE ana
will lie a large brick or stone structure three
stories high and elegantly and ornately lin
ished within and without. The ground
door will be taken up with stores, ofices
and commission houses, the second by the
Exchange itself, and the third with ofllces'
1t can readily be seen, as is anticipated by
the originators Of the movement, that the
location of such building the very mead
centre of the business of the city, would
arouse such lively competition among real
estate owners that the lot for the erection oil
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 a structure such as 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, no
movement has ever been inaugurated in
our city of such decided interest to the citl-
Zens of Dallas without distinction. IL Is
the one thing that will do more than any
or all others to bring here and tix 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 a 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 would eclipse all other facts IN
noising abroad the fame and prosperity OF
Dallas. In short, the erection OF great
Merchants Exchange building in thiscity 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
il possible for those of even the most Inn
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 OF
three years double or threbble in market
able value. The finest and most noted and
important structures in all the large cities
are the great Exchange buildings, costing
hundreds Of thousands of dollars, and GER
tainly Dallas has reached that point in
commercial prosperity and extent where
forty or fifty thousand dollar house for the
purposes mentioned is not only proper but
necessary move. With an elegant opera
house and courthouse, a great and costly
Federal building and post Office, and
large ornate aud 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, art
interested in this last movement, and We
trust that the efforts that will be put for
ward to carry it to successful termination
viii be met with the utmost enthusiasm
and encouragement everywhere. Its man
ayers do not apprehend encountering thu
least trouble or obstacle, and we feel as
sured. as we hope indeed sincerely, thai
they will not. The matter is one Of extra
ordinary significance and Importance to the
entire city of Dallas aud tributary country
A Lesson IN CHARITY.