The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-06-24
LOCAL LORE.
The Meeting at the ENchange-The Cot.
ton Factory.
The Sand-Bagger is Swinging Round
the Circle.
Aud Other Matters Local In Nature.

The Meeting OF the Merchants Exchange
The meeting at the Merchants Exchange
held yesterday proved to be quite sue.
cess. 1t was called TO order By Colonel c.
c. Slaughter, the president of the cotton
factory, who in business'llke speech adyo-
Gated the erection OF COTTON factory in this
city. He dwelt at length on the benefits
which Dallas would derive If the efforts TO
start manufacturing establishments would
prove successful. There was no doubt in
the speakers mind as to the safe and
profitable investment, as all cotton factories
in the south were paying large dividends.
and il this proposed project should fall
through from want OF proper encourage.
ment by the people of Dallas II would be q
serious blow TO this city.
| The meeting was then addressed by Mr.,
A. Oppenheim, who briefly but uccesstuhy
refuted the several arguments and reason
ings brought forward by parties who did
not care to subscribe TO this enterprise
| The coal question was shown to be of no
moment ut all In comparison TO the saving
of freight for shipping cotton to Massa-
chusetts and the manufactured goods back
again. BY having good superintendent,
a factory can be managed by any business
men in this city.
The work we are doing now is not for the
factory alone, as one factory alone could
not make manufacturing town, but if We
sho Y by this factory that II is q success, in
less than five years great many mills viii
have started, and then Dallas will have II
substantial basis to grow to metropolitan
proportions.
AS some may doubt yet whether this cot.
ton factory stock would pay, the speaker
stated that in his opinion, the stock will
pay from ~ to 30 per cent. dividend, but II
any one doubts whether II would pay any
dividend ut all he WAS willing to guarantee
per cent. for five consecutive years for AZ
many shares as would want the guarantee
and il the whole 1000 shares would accept
of 1t, he. Ter one, would guarantee per
cent. and furnish good and suiiicien,
bond for the payment of the same
Mr. Frank Caller then spoke of the ad
vantages OF purchasing machinery now
while iron and steel is cheap and he fur
Their stated that the calculation il
regard to the proiitableness of cottor
factory, published few day
ago in the HERALD, were the logical con
illusions derived from great many letter
and statements received from eastern par
ties.
Mr.. Ptouts, who spoke next, endorsed al
the views expressed heretofore, and pre-
dicted that the enterprise would be grea
success.
Mr.. w. l.. Hall electrified the AL
dience by his well-timed remarks
and especially by the motion tina
all those who were presen
should subscribe at once towards the stock
Mr.. Jules Schneider also made few happy
remarks, and on motion the meeting adj
: journed 10 the lunch table where all pre-
sent enjoyed themselves to the fullest ex
, tent. While the enthusiasm was at III
highest Colonel Slaughter called on all /,
come forward and subscribe or If already
subscribed to add to their subscription
, which was heartily responded to. Mr.. A
: 0ppenhimer then called for % or 30 gen
tlemen who would volunteer to meet a
the exchange Monday at 2 p. m. and woult
there divide themselves into committees o
3, TO solicit subscriptions Monday evening
: to the cotton factory stock. The following
} gentlemen readily responded Messrs. c
c. Slaughter, r. V. Tompkins, W. l.. Hall
Sam Blake, W. X, Wheelock, Paul Erb, A
W. Childress. Jules Schneider. w. u. Light
foot, Henry o. Wolf, w. Connor 4.
r McEnnis, 7. s. Pfouts, 7. X Furgerson, II
Il. Strange, j $. DouPherty, ]. Henry
+ John X. Jones, W. Q. Howard, J. \. Jenk
t ms, A. Oppenheimer.
These gentlemen will canvass the cit
Monday afternoon, aud We are sure all tn
shares OF the cotton factory will have bee
taken, and Dallas will have started on al
other road of triumph. The lunch whic
5 all heartily enjoyed was gotten no by Nj
0 Joe Boylosh, who received the thanks an
G praise Of all present.