Weekly commercial herald. (Vicksburg, Miss.) 1884-18??, 1885-12-25
GOTHAM GOSSIP.

@'NH JIM OtNs tO-AeuAub I1dJCu,
being questioned about the proposed
new site for a stock exchange, said:
what the exchange needs is room,
with 10000 square feet and then as
much more property as would be suf-
hclent to make thousand offices for
members. The browning place of all
would he the Madison Square Gardens
plot. 200 by 375 feet in the
very heart of the city. This
would give an exchange room 200 feet
square, and enough remaining space
for I,00O offices. The members ought
TO DC their own landlords. They could
get their rent for less than one-half
they pay to-day. All the property ad-
Jacent to the present stock exchange
IS in the hands of a few real estate Of
Ulcers, who keep the prices at AN ex-
orbitant figure, and exact their pound
of flesh every first day of May. By
becoming their own landlord the mem
beTs would have an income from rent
ais, which would make the stock ex-
change seats worth $4,000 to a man.
If he never entered the exchange to
trade. The propriety of this plan has
been proved by the produce exchange
method. Every office in the produce
exchange building is rented and at
much lower rate than is charged for
room in the old roakeries in this city
They ought to erect a building costing
from $4,000,00O to 5000, 900, nine
stories high, and fire proof, with a
room large enough TO accommodate
the New York petroleum and stock
board as well, and so be an excellent
thing for both exchanges. The time
will come when the New York stock
exchange will have to recognize this
consolidated board, just as they were
obliged to recognize the open board of
brokers after boycotting them fer
years. They con, olidated last week,
traded in over 100000 shares of stock
in a single day. We are a nation of
gamblers. One-half to three.fourths
of the business done on stock exchange
comes from the west. Suppose the
wealthy bu mess men of Chicago and
ad jacent cities took it into their heads
to be dissatisfied with conservative,
iIlibeTal methods of trading as prac-
ticed in New York, and established a
stock exchange of their own? The
hnanciers of Chicago could easily con
troll the millions Of dollars necessary
for that purpose, and for the purpose
of establishing banking facilities equal
to her business. English and
Canadian banks have aIrea, y
agencies established there w
meet the demand in foreign trading
in grain and provisions. Chicago is
now the center for grain dealing.
Most Of the foreign trade is done direct
with Chicago. 1t IS the largest lumber
and provision market in the world.
Suppose the Northwest, the St. Paul,
the Rock Island, the Northern Pacific,
the Union Pacific, the Illinois Central,
and a dozen other corporations, whose
business is all west Of Chicago, should
establish their transfer offices in
Chicago instead of New York, where
would New York and her stock ex-
change be thenP 1t is no use
for New York to say | am
omnipotent, l cannot be equalled, for if
it were not for Chicago and her twenty
sister cities, New York would not x
list as it now stands. Boston and Phila-
delphia were large cities before Chi
cago was heard Of. | went to Chicago
when she had $4,000 inhabitants and
only torty-two miles Of railroad west
OF the lakes and a strap railroad run
ming to Elgin. Now there are twenty
Chicagos west of that place. Few
people realize that flower was shipped
from st. Louis and other points on the
Mississippi to st, Paul and Minneapo-
lis as late as 1861. 1t behoves New
York to keep her financial supremacy
10y thinking of the future while build
ing in the present"
Bishop Harris, presided at the an
niversary of che Methodist Episcopal
Missionary Society in the academy
music last night. An immense choir
sang between speeches. Rev. DIR. Reid
said that in China, India and Japan
greater mission work had been accom-.
plished than ever before. He said it
would require every cent of the
100000 voted by the society to con-
tinue the work during the ensuing
year. Treasurer Phillips said that
the receipts for 1885 amount to $685.
82S or $95, 7U2 more than last year.
Small judgments against Rose Cogh-
Ian, the actress, Ex-senator Thos.
Grady, and the billiardist George S.
Slosson, were filed yesterday. That
against Rose Cohlan is for $244 Ex.
Senator Grady was defendant in the
suit for $282, brought by Congress
man Potter. The verdict against
was for $500.
Samuel French & Son, play publish
ers, have arranged for a five year lease
of the Grand Opera-house from Jay
the owner, beginning in 1887,
an annual rental Of $40,0 900. Gould
reserves the proscenium box for him
self.
Hon. LOGAN MURRAY, in his adj
dress before the recent Bankers Con-