Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1888-01-10
BOARD Of TRADE.
Signal Success Of the Committee Con-
vassiDg for Subs crIptIons to the
Stock Of this Institution.
What the Building Will be and the Terms
of Pay ment for the stock-sub-
scriptions Taken.

Fort Worth is in fair way to soon have
the finest Board of Trade building in the
state Of I, xiS. The citizens realize the
need Of such structure, and ,ecogniz
the fact that it would be paying inst,,u.
ton both to the stockholders and the citH
At 5 O'Clock yesterday afternoon the com,
! mittee appointed at the Saturday meeting
began work. This committee consisted
Of Z. f. Chase, T. B. Burbridge,
E. q. Sellers and Z. S. Gard
They were called the Big
Four yesterday; and If unlimited energy,
| ceaseless activity and determination to
win for Fort Worth's sake are big things
they are entitled to the name. Men never
worked to better purpose. and by $50
just three and q half hours after BEGINNING
work-they had fiity-nine subscribers
on the list to from one to ten shares
Of stock each.
The heading of the subscription ps pei
sets forth that the organ'z,tion is
to be known as the Fort Worth
Board OF Trade; that the stock
shall be divided into 500 shares
of 500 each, payable S35 per share on
call, and $40 per share on February l,
and $40 on the first Of each subsequent
month, until the par value OF the stock
has been paid in. On the stock Of $50
600. bonds to the amount of $50, 900 will
be issued and sold, snd the total OF
500, 900 will be expended in erecting a
building 75zl00 feet, six stories high.
This building will be handsomely ftted
up from cellar to attic, and all
the stories above the second will be
arranged for ottice purposes. Already q
number Of insurance SCENTS, real estate
agents and lawyers have expressed q de-
termination to rent ctfices in this mag
nlticent building. Elevators will run
from the basement to inc sixth story.
On the second floor a room 5Cxl0Q feet
will be used for Board of Trade purposes.
A man working on salary can certainly
see his way clear to 8 profitable in
yestment in buying this stock for the
rentals and increase IN values OF property
will be sufficient to make the stock
dividend pay. 1t is the opinion Of several
able tinanciers that in eighteen months
after the building is occupied the stock
will be worth $3.50 per share. The men,
bership will determine the location of the
building, and will elect board OF direc
tors TO mansge the business of .ne cor
poratlon. The cal! Of % per cent of the
stock will not be made until after
the org iniz.tion and election OF directors
and 1t is intended to organic just as
SOON as the stock is taken. Fort Worth
has long needed an organization of this
character spd had she possessed 1t in the
past many thugs could have Teen done
which have been left undone. TIE cree.
ton OF this magnificent building will
give added impetus to the building
boom which has already opened and
Will demonstrate to the world what
our citiz ms know already that no Fort
WORKMAN lacks faith in the future Of this
city, that every man who has the means
plants his m )ney in Fort Worth enter
prises, that tois city is aspermanency, is
progressive and is trade center. The
committee will resume work this morning
'nd hope to be able to make good show
ing by night. The sooner the stock is
tesen the sooner will work begin, and il
Is the intention, If possible, to have work
under way inside Of thirty days.