The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-04-08
THE PROPOSED EXCHANGE BUILDING.

THE PROPOSED EXCHANGE BtiLDiNo.
A day or two since We unfolded in thee
columns the plans of the Merchants Grain
and Produce exchange Of this city for the
erection OF a magnificent exchange building
in Dallas. Since then the promoters Of the
movement have been engaged In inaugu-
rating the preliminary steps. and 1t is with
a great degree OF satisfaction that We are
enabled this morning to report the most
II altering progress in the way OF the sp-
pointment OF committees and in the matter
OF subscriptions. Tomorrow, as will be
seen by reference TO our local columns, 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 for the pro
posed structure and other matters looking
10 u speedy and active prosecution
oil the work laid out. We,
ther afore, desire in this morn
Jugs issue to direct attention anew to the
subject. The enterprise in every instance
In which it has been presented to the cti-
zcns as yet, has met, as we anticipated. u
hearty approval and encouragement. Sub
soriptons have been obtained with far less
objection aud trouble, indeed, than at first
expected, and already, even before the
movement has gotten fairly under way
nearly one-hali the limited number of sub
serb RS have been obtained. Facts like
these not only bespeak the good sense and
o iterprisng spirit OF our people. but indi-
cate the confidence of the public In the
GOOD faith, soidity and protableness Of
the undertaking. In fact, the ques-
ton is now rapidly becoming,
VINO will be- selected an subscrib-
rs'" when at first it was tremblngly
asked "Who will subscriber This result
is by no means n matter of surprise when
we recur to the character OF the investment,
again, and the easy terms on which ii can
be made. IL is simply S2j every two
months, put into n magnificent structure,
to cost $4,000 or $4,000, that is to be
built by n solid and powerful organzatl, N
OF wido-awake business men In rapidly
growing city, and when the building itse I
is to become the grent temple of CONNER CO
AID trade for one OF the most promising AZ d
prosperous sections Of country in the
United States to-day payments us above
TO continue until 500 have been paid in,
when the subscriber becomes the possessor
OF n share OF stock in the building aud full
iledged member OF tho Merchants ex-
change. After tho completion OF tao
building, II Ia proposed TO raite
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. II is not matter that needs
any demonstration when we say that
strangers coming in aud 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.
munity. They will DO, or the original 300
shares at least will be- far better than good
notes of hand or money In bank, rs 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 shrcwd and
reputable business men, are not engaged in
begging movement, but are Offering an
extraordinarily fine opportunity for pay.
ing investment. The merchant, the law.
yer, tho physician, the mechanic, the clerk,
In fact, all classes of men can, on the terms
proposed, and by the plan adopted, easily
take n 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
isiag that has ever been set on foot in this
city, and after II has been carried to full
fruition will do more to extend and brighten
the fame Of this city and increase Its trade
aud commercial importance than anything
else ever attempted or proposed within our
corporate limits In n 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.
rounding towns, for anyone can take share
until tho 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 Its inauguration 80
highly creditable and beneficial to Dallas
aud the entire surrounding section.
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