The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1884-10-14


heimer, NJ. d. Darlington, T. f. McEn-
MIS-. +. 5. Plouts and others, met and
perfected an organization by Sc
lectlng Mossrs. Oppenheimcr, MCfnnis
and Piouts rs Il committee on
permanent organization. A handsome
and indeed merited compliment was
then rendered Mr.. Pfouts, OF the HER
AID, by vote of thanks for his having
! organized the movement of the estab-
lishment of the Exchange by his pointed
and repeated urging of the same and its
Importance and far reaching POSSIBLE
ties through the columns Of the HER
AID.
On April Goth these gentlemen again
met and adopted rules of per-
manent organization and elect.
cd their officers as fol-
lows: \: Oppenheimor, president; Al.
I ID. darlington, ViCe-preSident, with
Messrs. r. f. MclGnniS, w. G. Howard,
). Il. Clowney and ID. 4. Rainwater as
directors. Arrangements were also
made looking to the complete Orgaui2a.
ton by the appointment of committees,
adoption OF bylaws etc, and thus tho
| foundation of the Dallas grain and pro-
| duco exchange was laid.
| Asip the case Of the cotton exchange,
the gentlemen in the grain exchange
J NNl' lhN llik llitll lllllAltlIOUN DIOlUtl
/ and deeper and moro durable than they
| dreamed mt that time.
On the 18th Of June Of that year these
two great organizations, upon which the
commercial prosperity of the city go
largely depended, opened negotiations
| looking to II consolidation of influences,
| tho members Of tho cotton exchange
| having received from those of the pro-
duco exchange Il proposition with this
end in view. ON the following day the
consolidation was perfected and the
name of "Mcrchants Exchange" was
substituted for that of tho other two.
subsequently regular meetings
were held up to April 6,
| 1883, and transactions cOnSummated
under the rules governing such com.
mcrcial bodies, and Dallas had begun to
make vast Roadway towards tho goal rs
! the great trade and commercial centre
/ OF north Texas. On March IL, 1888, the
consolidated exchanges occupied perma-
mont quarters on the corner of Elm
and Lamar streets. On April q, 1883, the
! first annual election was held under the
consolidation of the new exchanges,
with the following results: A. Open
| heimGr, president; II. G. Caller, vice
! president; with Messrs. II. II. McEnnis,
| NJ. d. darlington, d. II. Rainwater, j.
| Rauch, l.. A. Mordecai, w. X. Evans, G.
| r. Carter and Levi Kraft as directors.
| the usual standing committees of such
! bodies were also appointed.
| ON April 9TH the Exchange met for
the purpose OF installing its newly
elected officers, and the meeting was in
decd memorable ono in the history of
the business circles of this city. IL was
on that occasion the president, Mr.. Op-
| ponheimcr, presented his plan for the
erection of Merchants Exchange
building in Dallas. Tho views OF the
| president met with unanimous approval,
and the rosultis before YOU
| The ease and rapidity with which the
many thousands required to erect such
u trade palace rs this were raised il
probably without parallel in tho his
tory of cities of our size. Tho exchange
could have no more emphatic testi-
mnnial OF the enterprise and business
tact of its members than this building.
1t VIII stand long after those who erected
have passed away, and though Dallas
should assume far more metropolitan
! proportions, this building will vet re-
main one of its m ~ attractive orna-
ments and a monument to the far
sightednoss and business libcrality of
| its original promoters.
In this connection IL may not he amiss
to speak of the lirss president of this
| exchange, MIR. Oppenheimer, who un,
| fortunately for tho trade and develop.
mont of Dallas was called to Minnean-
/ OILS ON the 18th of juno of this wear.
/ Without dsparagcmont To others who
| 50 ably and enthusiastically seconded
/ his efforts, It * hut Justice to say that
/ his comprehensive business mind, his
/ brilliant NCt, his indomitablc energy,
his enthusiasm and popularity contrib
I Ulrd more powerfully and directly than
all other causes towards placing the
Merchants Exchange upon a solid foot
/ Ing and erecting this magnificent struct-
IRE. In losing him Dallas lost a hope
/ lul friend, the business OF tho city "A
Jealous and intelligent worker, the Tx
change, an enthusiastic member, and
/ society Kind, courteous aud popular
gentleman, To MIR. Caller H. also due
much OF the success of the Exchange.
| Ills modest and yet persistent onthusi,
assn aud popularity went far toward ac-
compllshing success in the promises.
But IL Is gratifying to know that the
interests of tfe exchange remain en-.
trusted to iaithiu clean hands and clear
intolloctS who will carry its business {,
the utmost possible development
Firmly Impressed with the Importance
and possibilities of such an organization
OF traffic IN Dallas, and eNCmplyfying IN
their own successes the utility and ollcct
OF patient watchiuluuss, hopeiuluoss, on
e " aud perseverance, they may bc con
iideutly depended upon TO make of tn,
merchants exchange all that even
Us most ardent aud deeply Interested
friends desire. II can be said withou
boaSting or ilattory that no city In TcXa,
or the South has So large and marked
number of Intelligent, high-minded
clear, progressive, comprehensive ant
reliable business men W. Ia,
this city OF ours. Neitho
their fame nor their trade ar,
confined within the limits Of tho stat
aud both fame and trade may he ration
ally anticipated to expand until the,
Will bo hut household matters of course
throughout the entire southwest,
This Is not now cotton exchange or
grain and produce exchange. II IN q
merchants exchange and designed I,
concentrate and organize lust here, ~
the vast trade NJ Dallas and surround
Ing country. II is horc rs n business
convenience as well uS q business necos
sitY, and II Is here that all those stron.
and organized efforts that will ho ~
Iquirod To Keep Dallas rs n city la tn
Load, In northern Texas, must assume
proportions, and first tako def
nito form aud shape. Tn,
Merchants Exchange, therefore, IL moi
only u business necessity, Il is To he
come the chief element, the most power
tut lever In raising Dallas In any and al
respects into public notice and rcplacin,
, the embryo city with the UNIVERSAL,
recognized metropolis.
: Already the business NJ the exchange
y | toll IL naanVntntF
unanticipatod proportions doubling an
nually, Int fow years this great an,
costly building will not moro than con
Venicntly accommodate the bus,
; throngs who will gather hero In th
course of trade.
Surrounded by magnificent country
) the agricultural population of which |
In the main most comfortably and indie
l pondently situated, with every shir
ping facility aud metropolitan advai
> tage, large population, its business