The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-01-11
MERCHANTS EXCHANGE.
ANNUAL MEETING G. PRESIDENT MAR
TINS ADDRESS -REPoRTS.
Another Meeting Held ut Which Cham
paign and Toasts Out Figure--Presi-
dent Martin watched" by His
Friends--A jolly Good Time.

Ing NJ u Cloth, Nsio ihiS'ig hN'N'NNN
BY the members, who, with a few invited
guests, had been invited TO be present and
hear the address Of President j. ii. Mar
Tin, who for two years past acted rs head
OF the Exchange, and who filed his two
terms in a manner most satisfactory to his
fellow members who had honorcd him
with their support
The meeting was called TO order by
President Martin, who said that in accord
ance with the usual custom he would pre-
sent such information as 10 the Affairs OF
the exchange during the past year as he
deemed his duty as retiring presiding OF
ficer
PRESIDENT MARTINS ADDRESS.
Gcntlemen-As all information and facts
concerning commercial exchanges must
prove interesting at this time, take occa-
sion 10 give YOU short extract from the
1mfricdn Grocer, showing the organization
OF the first merchants exchange:
"On June 10, 1915, a number OF pepper
crs, MS the grocers were then styled, met
together at dinner by agreement. at the
town Mansion, OF the Abbott OF Bury, in
st. Mary's Axe, England They talked
- AZ common affairs over and agreed TO
form themselves into voluntary associa-
ton TO settle their trade disputes, TO help
poor members, and TO say prayers for the
souls OF the departed members. They took
st. Anthony for their patron, selected two
vnrdens 10 preside over them and a chap
lain 10 pray for them. Ever since they
have met each year on st. Anthony's Day
and dined together, selecting new wardens
and browning them with garands.
Now, with much goodfellowship and
cheerful hospitality, they administer char
iiics, do good in other ways and harm 10
no one; so that all citizens may heartily
Join in their grace, God preserve the
Church. the Queen and the wonshipiul
company Of grocers. Root and branch,
NAV il flourish forever"
And with similar good fellowship, com
bincd with the push and energy of active
merchants this Exchange has 40 thriven
aud engraited itself upon all interests OF
the city, as TO become great factor In its
material progress and an important part OF
ils history.
The splendid railroad bridge across the
Mississippi River at this point, which h
now IN INSURED fact, Is largely indebted 10
the constant and persistent efforts OF this
body toward securing such national lcgis-
lalion ~ would justify the undertaking;
and when that magnificent structure shall
have been complctcd.it will standas last
ing monument Of the grand results
60 lie achieved by united effort
and combined purpose. And every
successful enterprise Tor the bcniit OF COM
mercc and OF the city at large has been re-
fcrrcd 20 aud Endorsed by the Exchange,
thereby giving them an impetus aud force
impossible TO have been reached by other
means. All Of which goes 10 show the
immense power aud importance achieved
by this Exchange, and that IL is not only
local hut national.
Since our last meeting another grcn
artery OF trade has been added to our cit,
by means OF the Midland Railroad. which
traVcrsps much Of the finest country IN Ga,
South. which We were previously unable
60 penetrate. Its equipment Is unsurpassed,
and IT, officials instinct with active pur.
pose for the bcnef, OF our commerce. Our
river interest has also put ON anew life. and
Is again fast becoming potential element
In building up aud extending our trade
and making this the great distributing
point Of the south. Our crowded wharyc,
aud packed elevators, alive with active
shippers aud busy receivers, declare th,
importance Of this great ualc Nhicl
should lie our special care and conslan
concern.
No branch Of enterprise has prospcrc,
MON than our manufacturing industries
All Investments have returned prncrou
T9ward To patient labor and continued cf
foit, and the Exchange extends corlia
invitation 10 the manufacturers oi III,
whole country 10 come with us, Rssurinl
them Of our hearty support in every
venture IN this direction
The hand Of death has boon heavy upor
W. during the past year, and has taken
from M some Of our foremost men ani
best workers.
With sorrow ! rad the record of on
losses In ihe order in which they occurred
Henry Weticr, T. II. llighley, James T.
Dunsconb, Joseph sugarman, A. ;. lNcr'
inorc, Henry Frank, Marcus A. Cochran
All good men, aud true. We dcplor,
their loss and sympathize with their sor
rowing friends.
Direct Geographic communication ha
this year been established upon the Hoo
OF the Exchange with the principal ex
changes Of the North aud West. which ha
grvaily facilitated operations between thct
aud ourselves.
Al ihc avenues Il general information
and daily tclcRmphic news have been mt
tenally increased aud improved, set "
have lived within our income. our sur
plus ol ioriner ycan remains intact. an
our finances, 10 will be- seen from ilc n
port oi hc Finance Committee, arr 4
most UNrcllcnt condition.
The pross oilho city has hccn ever read
With balin and zen ~ advance our cnus,
With chvorins words. happy concrit
pointed advice aud strong nlmonitiuus
has sicadiastly encouraged our efforts. an
"a lis assistance IL due the success of man
ventures To its members desire to ~,
prcz the grateful appreciation II TIL. T.,
change for their great kindness aud cou
tesy.
tender sincere thanks 10 our Boarl
lircciuu for bong continued and Afur
support In every line Of work In which n
have been associated
Onr able aud active Secretary, Mr. T.
Keeling, 20 NhOsU yigiiant efforts n
success ~ THIS Exchange N en-
ncnily due, fully merits the copGdon
and esteem accorded him hy the rper
ben ol tho Exchange, and cannot .,,,
our official relations without nn cNrt,.-si,
OF thanks Tor active aud uur'p,it,i,
courtesy towards all while in tho d..rba,
81 biz dnty.
To his ohliging aud efficient as.I.isnl
Mr.. Nat Graves and Mr.. N Booker I n
return my warmcsl thanks.
Wishing you all prosperous New We,
and many happy returns, am,
Ncy respectfully.