Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1883-01-06
THE EXCHANGE
or the Merchants Of Memphis On a Solid
Basis-A Committee Appointed TO
Secure a Charter,
And a Meeting for Permanent Organiza'
tiOn called TO Meet on Tuesday,
the 9Th Instant.

The Grain and Produce Excb ange is a
sure thing and no mistake The enthusiasm
manifest at the committee meeting Yesterday
morning bore indu biiable evidence of that
fact. Besides the members of the soliciting
committees, several leading business men
were present aud took part in the proceed
ings in a spirit OF earnestDess that cannot
fail of success in whatever cause il may be
employed. There seemed 10 be but one OBJ
ject in view-the immediate organization of
The institution aud the doors thrown open TO
business. From the conversation oil those
present indulged in previous TO calling the
meeting 10 order, the APPEAL man learned
that the question of sufficient membership 10
put
THE EXCHANGE ON a SOLID BASIS
and keep it going was matter Of but
short time after the preliminary details had
been disposed Of. The committee met with
very few who were disposed TO doubt the
feasibility of the movement, the majority OF
that class allowing their opinions to be in
fuenced by the fact that years ago similar
efforts had not been successful. AS a gen.
eral thing they acknowledged the Importance
and necessity of such an organization, and
when il was demonstrated beyond douot that
it could be worked up into actual existence
they would become members. 1t is safe TO
predict that their membership is assured is
the determination of thnza- having thiz or
gsnizAiion in hand to make it go"
CALLED TO ORDER.
At the appointed hour Acting Chairman
L. 3. Sims called the meeting TO order, and
the committees announced their readiness 10
report progress.
REPORTS OF COMMITTEES.
Acting Secretary E. A. Keeling read the
consolidated report of the soliciting commit
tees, which embraced a list OF membersh FPS,
firm and Individual, they had obtained. The
names were published in yesterdays APPEAL.
PERMANENT ORGANIZATION.
On motion OF Mr. W. ]. Chase a meeting
WAS appointed for Tuesday night, January
9th, at Z: 80 O'Clock, 10 enter into permanent
organization by electing officers.
CHARTER WANTED.
After this motion was adopted the question
arose as to the propriety of organizing before
a charter had been secured, and Mr.. Chase
offered supplementary motion, which was
adopted, that the chair appoint committee
of three to secure charter and make a re-
port at the tuesday night meeting.
Messrs w. j. Chase, John S. Tool and G.
V. Rambaut were appointed on that COM
mittee.
"rHE MEMPHIS MERCHANTS EXCHANGE"
On motion of Mr.. w. J. Chase the name
of the organization was changed TO "The
Memphis Merchants Exchange" 10 lieu Of
''Tbe Memphis Produce Exchange"
MORE WORK FOE THE COMMITTEES
On motion of Mr.. John s. Toof the solicit
| ing committees we're kept on duty and in
structed TO continue TO secure members.
RENT NOTE LIFTED.
The chair called attention to the fact that
| the January rental note for the building wal
| due.
Mr.. Robert Galloway offered to pay it, bu
afterWard SO contributions were made by
members until more Than the amount neces
ssry was placed in the hands of the acting
| secretary.
The meeting then adjourned 10 BILE
again on Teusday evening.