The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1883-04-12
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oo,omns the plans Of lie Merchants Giain
ana Produce exchange Of this city TOT We
erection Of magnificent exchange bullding
In Dallas. Since then the promoters OF ue
movement have been engaged In inaufu-
rating the preliminary steps, and IL Is "'h
n great degree of satisfaction that We are
enabled this morning to report the most
ilattering progress In the way OF 'he up
nointment of committees and in the inat'er
oi subscriptions. Tomorrow, rs VIII DC
seen by reference TO our local oo'ums' the
newly-elected officers Of the exchange Will
be installed and then steps will be taken
in the selection Of additional committees,
determining upon the location tor the pro-
posed structure and other matters looking
10 speedy and active prosecution
OF the work laid out. we,
IN erefore. desire in this morn
ing's issue 10 direct attention anew 10 the
subject. The enterprise in every instance
in which it has been presented to the citi-
zens as yet, has uet, as we anticipated d
hearty approval and encouragement. SUB
l
objection and trouble, indeed, than at hrst
expected, and already, even before the
movement has gotten fairly under way
| nearly one-half the limited number OF sub
scribers have been obtained. Facts IKE
these not only bespeak the good sense ana
enterprising spirit OF our people, buI lhai-
cate the confidence of the public in the
| good faith, solidity and prolltableness oil
the undertaking. In fact, the ques-
ton is now rapidly becoming,
.Who will be selected as subscrib-
| ers?" when at first it was tremolngly
asked "Who will subscriber" This result
| is by no means matter of surprise when
we recur to the character of The Investment
again, and the easy terms on which 1t can
be made 1t is simply $50 every TWO
months, put into magnificent structure,
to cost $4,000 or $4,000, that is to be
built by solid and powerful organization
OF wide-awake business men III rapidly
growing city, and when the building ltse
is to become the great temple OF commerce
and trade for one of the most promising ard
prosperous sections of country III The
United States to.day-payments as above
to continue until $500 have been paid in,
when the subscriber becomes the possessor
of share OF stock in the building ana full
fledged member OF the Merchants ex-
change. After the completion OF the
building, 1t is proposed to raise
the price of admission to member
ship in the exchange to very high
figure, and, of course, the shares taken by
these 200 people. who erect the building,
will rapidly run up to trebled or quadru-
pied value. 1t is not matter that needs
any demonstration when we say that
strangers coming in and others, men with
business and capital, will desire earnestly
to become members of the exchange, and,
as the shares are transferable, they Will be-
come at once the most popular and paying
character of commercial paper in the COM
mupity. They will be, or the original 2UO
shares at least will be, far better than good
notes of hand or money in bank, as their
value must appreciate in the very nature OF
things far more rapidly and extensively
than would interest from other sources
The gentlemen, therefore, who are
managing this matter, all shrewd and
reputable business men, are not engaged.in
a begging movement, but are Offering an
extraordinarily fine opportunity for pay
ing investment The merchant, the law
yer, the physician, the mechanic, the clerk,
in fact, all classes of men can, ON the terms
proposed, and by the plan adopted, easily
take share and lay by couple of hun.
dred dollars that In two years from now
will have doubled or quadrupled itself.
There is no use mincing words, the enter
prise is one of the greatest and most prom
ising that has ever been set on foot in this
city, and after it has been carried to full
fruition will do more to extend and brighten
the fame of this city and increase its trade
and commercial importance than anything
else ever attempted or proposed within our
corporate limits. In day or so the appro-
pirate committee will solicit the remaining
requisite number of subscriptions, and we
trust that the citizens Of Dallas and of sur
,uno ing towns, for anyone can take share
until the desired 200 are taken up,
will readily avail themselves Of this splen-
did opportunity to turn an honest dollar
for themselves while aiding in movement
that will prove from It's Inauguration so
highly creditable and beneficial to Dallas
and the entire surrounding section.