The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1883-04-12
A Day to be Recalled Hereafter.

A Day to be Recalled Hereafter
The newly-elected officers of the Me
chants Exchange were duly installed il
office yesterday morning, at the Exchange
rooms, corner of Elm and Austin streets
and there were over 200 of the bushes
men of the city present. The object Of tn
Exchange, its rapid growth, and the work
has accomplished, has heretofore been givel
in these columns, and are familiar to tn
business public. After the installation G
officers and appropriate addresses by tn
officers of the Exchange, regular bushes
| looking to the erection of handsom
! Exchange building was transacted.
sECRETARY's ADDRESS.
II. G. Stevenson, secretary, raped tn
meeting to order, called roll of tn
officers elect, and then made the following
address to them:
| Gentlemen of the Incoming Boards:
By the rules and regulations OF your eX
change, it is made my duty to inform YOU
that you were chosen, ut the annual elec
ton on the 4Jh inst, its officers for the EN-
suing year. In performing this duty, it j
a pleasure TO me 10 tell you that, with thu
exception of voting against yourselves, you
were unanimously selected for your various
offices. From this moment, and for on'
year, into your hands the government o
| the Exchange will be committed. Thatyot
will administer it with wisdom your fellow
members entertain no doubt 1ou have
been selected for this purpose for the reason
there is not one among you not ulstln
guished, in the daily walks OF commercial
| life, as a gentleman of perfect honor anc
strict integrity, Were it not so, you woult
not be standing in this presence
to-day, selected to assume con
troll of this Exchange in accordance
with the constitution, which called 1T Int
being. That you will find questions to set
tie as delicate as the spiders web, anc
troubles to meet as tough al
the gnarled oak, you may fully expect
That you will unlock the former with the
kew OF Justice and surmount the latter with
the nerve of men is expected OF you. We
have already inaugurateda great enterprise
in exchange building. of which your presi
dent will speak more at length presently
in which you are expected TO take the leaC
and especial care. IL you, one year hence
can point to that building completed it viii
forever stand as monument TO your mem
DRY and your administration, 9,
| In conclusion, you will pardon me for al
luding briefly to the expiring board of di
rectors-the founders and fathers OF the
Merchants Exchange. No nursing mother
ever stood by or watched ovel
infant more faithfully. And
must be a proud satisfaction
to them to-day to see health upon III
cheeks, vigor in its limbs, honor in it,
heart and excelsior inscribed upon us pan
ner. :,
| No oath is required of you. Among the
many institutions Of our country this stands
alone as one which never seeks the oaths
Judges, Jurors. lawyers and paraphernalif
of courts to settle mems rights. II settles
its disputes before that higher and grandei
and nobler tribural-the bar Of honor.
Gentlemen, now salute you as the duly
elected and installed officers OF the Mer
chants Exchange.
| PRESIDENTS ADDRESS.
President Oppenheimer, who was re
elected to that office, then addressed thu
Board as follows:
GEYTLEMEH-I thank the members OF thi!
Exchange for the honor conferred upon me
and assure them that | shall at all times
try to advance the interests of this associa
ton to the best of my ability. Although
the Merchants Exchange has been in ex
istence but one year, still its actions thus
far have gained the favor OF the business
men of the city in such degree that we
feel assured that they will give us theii
hearty cooperation in all of our legitimate
undertakings. The main aud principal
functions of our Exchange is to furnish it,
members accurate and quick information o
the condition of the markets OF the world
beginning with but handful OF members
our means TO supply this information were
| limited, and as our membership grew IN
numb ers, we were called upon, or rather We
were forced TO provide such accommoda'
tions 10 which their numbers and interests
justly entitled them. To provide these
accommodations is a severe task, financial
lv, and can be met only in two ways
First hv assessing monthly dues 70 mecl
our current expenses; or second, by erect
ing an exchange building. The first plan
is practically out OF question, because the
dues would be so burdensome that but few
members would care to pay them, and
soon our Exchange would be thing OF the
past and even ii paid, at the end OF two years
we would have nothing. The second plan Il
the only feasible one tbat.the Exchange car
adopt, and which / will try and explain
10 YOU as briefly as possible. We intend 70
issue not less than 300 nor more than 20
shares Of stock at 500 each, payable as fol
lows: Twenty-Five dollars as soon as all the
shares are subscribed, and S25 every
sixty DAYS thereafter, thus making the
payment complete within fourteen months
These membership certificates are transfer
able. As soon as all the shares are taken
members are 10 be accepted for less than
5000 per certificate or share.
When these shares are all subscribed,
the building committee could at once select
lots. get plans from architects and make
other necessary preparations. i should not
be surprised 20 see all these shares taken
to-day, but should be very much disap-
pointed n they were not ali taken THIS
week, as I consider the enterprise OF very
great importance for the city Of Dallas, and
one whose beneficial influence will be felt
from the time the fret cornerstone is laid.
Surprising our anticipations 10 be realized,
ne first payment could be called April
9th. second payment would fall due June
18th; third, August 18th; fourth,
October 18th: ffth. December 18th; sixth,
February 18th, lssi seventh, ADrll 9TH,
issf. eighth and last payment, June 18th,
1854. Every payment brings 500. IL
will take nearly 10 days 10 get the lot and
plans ready, and by that time we could
have $40 900 IN our treasury. The building
Of the erchange will probably require from
sir 10 eight months, thus bringing the com
pletion Of the building 70 either January or
February, BY which time So installments
will have been paid and the me Two Re
rnafufug considering those mhde are as good
A. cnsh: af least they are very vel secured.
A. soon g. the building il completed, We
ehaIl no doubt be able % derive sufficient
revenue % nay our current exDeuses. an q
hope % have = surplus 10 par Interest on
~ she-rs. II would not % 20 erect "A
smaller OF less expensive Drlldlng. because
III income would mo- b. sufficient, and BE-
noes ue desire like al cities ~ tins country
and E1rupe. thst the han1s1faest tull1i1g
"a cifr should BE- me Merchants. Lr-
.iruet We wish % er.rt building
rfirr vii o. honor 70 the euterfriss 81 The
.uerrherfs 81 DallEs. showing t1ei We art
.rrrf rrd determined o. utte t1is c.tT
~. .-.rfrrr.r1fs 81 north 1errs This IN
rrrrrrrt 81 fl1C rou I'll frc = GOOD one.
.sr-1f.r the value u frer 1trs1lfe are
.rnfIf - irrrease ~ tUo re.ec1E t-retr
fuiIdirc tiEi = VIII ~ t1s l---l y
-.-7-~ 49, 80 ~ frrDf. I'll - uo-tl
- ~ Il fI.r ltrlIas a I've ven-s berc.- -
81 -. 90 l-Irrease alons ir ttf rairt cf
- rral eststscrret ~ the ~. ns-.,s /
! - L 49, --------- ~ --- ]