The Daily times. [volume] (Richmond, Va.) 1886-1889, 1889-09-27
TRADE TALK
WHAT THE MAN-ABOUT-TOWN
OBSERVED YESTERDAY.
4 Peep Into the Grain and Cotton Ex-
change Brief AIlusion to it, Commence
mcnt and Subsequent History-fts First
Oficcrs and Those of To-day.


Z. brains are not in one head and that pos
(. sibly il the reason that there are compa-
+. MES syndcates. trusts, and exchanges.
The contact Of mind against mind brings
. out the electrical sparks Of information and
throws light upon surroundings. whether
they be- of business character or private I'M
1 port.
- Yesterday the TnE- man-aboui-iown
talked Of the Tobacco Exchange. aud told
something about its history.
TODAY he proposes 10 gossip some little
about near ncighbor Of the Tobacco IN
change. and say something about the Grain
and Cotton Exchange.
This institution j. not What IL should bc.
hy Il great deal. hut Just exactly where the
mands OF the occasion. is not plainly ap-
parent enough 10 warrant direct charge.
A. il j.. none well posted can deny the fact
that the Exchange j. not sufficiently recog-
nized. some Of the most representative
men in Richmond are 10 be- met there.
but it falls ont that the business
transacted there does not meet public de-
mand. and there ought 10 be new life in
fused and a stronger effort put forward in
order 10 de-, elopc what j. really rich plant
for trade conduct. Our people are blind tO
some extent 10 the importance of the main
icnancc Of an organization like the Grain
and Cotton Exchange. and they should needs
have their eyes opened 10 u.
When business men in other marts of the
world are strainng every effort 90 be- in the
! forefront. there is no time for us 20 be walk |
I ing slowly along the well-wOrn and aged riits |
Of the past. pcrsonating more nearly ghosts /
/ than live. active and go-ahcad people.
/ The city Of Richmond ought to wear "a |
garment in business that j. akin ~ what /
n3tarc has given her. and. if such were the /
ease. she would sparkle as the brightest |
gem. perhaps. in all the galaxy Of busy. /
beautiful cities.
But unfortunately there are croakors and /
men who know nothing except 10 cafil and /
complain. Instead of delighting 10 dwell |
upon our natural advantages and the great /
Gifts that the Good Giycr Of all blessings
has shOWcred upon us. unreasonable as IL |
may appear. there are ihosr who take pleas
TIRE in plunging the pillow mp to the beam in
search of something 10 complain Of. and
when they have rs they suppose. found il
they will at once become extremely indus
rous in harvesting putridity and taking
it around for the purpose Of raising NOR
bid inclination 10 find fault.
There is great good in the Grain and Cotton
Exchange and il ought 10 be developed 10
the fullest. and no man should he 80 reckless
rs 10 the wants of the public a. 90 try ard
thwart any attempt 10 do this.
The Grain and Cott.n ENcnausc was the
outgowih of a meeting of miller-. mel-
chants and other business men. who ASSEM-
BLEED in the rooms Of the Tobacco Exchange
ON the morning of June ! TIN. is'il.
Richmond WAS rising from the raNage4 of
destructive war. Her people were iu-t
beginning 20 indulge in hopes for the future.
and with cNpcctani hand, aud hearts were
addressing themselves So ihe tough Task Of
irving 10 build up the waste places chat
stretched their blank forms in front of them.
Al the meeting alluded tO the following
preamble and resolutions were adopted
Whereas the sellers and purchasers of
wheat. corn. oats and other grain in our d
city are daily subjected to great lnc0nNou- ,
icnco and loss of tim" arising irom The !
want Of a central place where these pro- Il
ducts may Dee offered for eaie and whereas ,
il j, of much importance to the CONNER j.
cial and farming Interests of the state a. ODE q
tain more perfect statistics ot the produc- ID
iiOn~. sales and home consumption Of grain
and Hour than we have heretofore had. I
therefore
"RcSoircd, That for tine purpose OF .e- !
curing these objects We form ourselves into
am association. tO Doe called the Corn and .
Flour Exchange of the CITY of Richmond.
'RcS0ircd. That all persons engaged iu
the grain and -four trade either a- buyers or D.
sellers. and other persons engaged in hu-l- J,
mes. i'm the city of Richmond 0r town of i'
Manchester. may become member, Of This ~
association by -uh,crihn. tO lhc rules and "
regulations hereafter io hc adopted. +"
When the charter for the association was gu
granted the name was changed and the a-- T"
ISOLATION was designated a- the Richmond 81
orn and Flour Exchange.
The Exchange Was incorporated October NJ
}. 1867, in an order Of ihc 1ir'uii Court ol
Iichmond. and under an acl of the Lcei-la- 4.
ur. 'l
The chartersct forth the fact that the pur- ~
lOsc of the association was for iariliaiin. l'
he sale and purchase of grain. ilour and ~
fhcr produce and it allowed "a capital .''
tock of $1,000 Oi,eihousand dollars. which ,D
'ould Dee increased 10 S1Oo.0Uo Zone hundred
thousand dollars il desired. divided into ''
mares of the par value of So twenty Give
lOllarsl. The association was empowered ~
% hold real estate i'm the city Of Richmond. 90
iOt Ia exceed one acrc. 90 have "a common II"
cal. and transact its chief business here. ,'
The Exchange then entered upon ii- ca- '"
Ger Of usefulness. H. first officers We're. ''
:. B. llaNall president; l.. Pa o.hiln. sec- 81
etary. The work of the Exchange Wa. VT
low AT first. and can Doc materially ad- "a.
amced now hut IL greatly facilitated hu-i- ~
css and became motor in matters ofl ~
usiness that is daily being felt n oar 'in
iid~i. oar people ought 10 take more int VI
ireSt in IL. II is from such sources that we 'i
re- 10 expect the weight and influence az I'D.
mr. city 10 be made known outside of our 'i
ircumscrihcd limits. "'
The following named gentlemen are now -u
the head of the Exchange: II. b. lalia- I'i
.rro. president: b. 4. Jacob. secretary i"0
nd treasurer; Rudolph King. grain inspc,- i' Z
r: Charles J.. Todd. first Sicc-presidcnt. 5r
nd Oh. II. simpson. second Nicc-prcsidcni Hii
..ts.l Of "a
e following named gentlemen: Philip %.
aNal, u. \. >ublctt John addison. "il
. Il. savage. T. :. " inn. 4. II. Elicit. b. =
N Washington. Noweii Ryand. john : ,iAi
FAR. ". 6. Clemens. Frederick W. scott i.f
II. Dcane. W. Il. Johnson, Warner W
oOre and X. +. Alvey. =
The rooms of the Exchange are on ~hochOc nl-
ip. and are admirably adapted for the ONO
irpOse- intended. Across the large room per
T. tables that are used in the display Of ih (.
nipples. and over which busy men bend iu iti
e. transaction of business. Here every 'h'i
~ one can meet representative bushes. ie''
nilcmen. who are drawn together by mu- Yen
nj motives. and here great deal of trade 'he
quietly cOnducted-so quietly. in fact or .
al thousands of people not personally in VIM
rested have nothing bat the ia0>i vague ui-l
"a of what is being DONE 81
At one time the association was not very III
'gelN represented. but to-day more than ONO
II "A hundred of the most cnicrprisine busi- oi q
IS men in the city are connected with the sucl
change. and in due course Of time il enin
)miscs 10 be an institution thai will WELD stree
'oient influence in the trade matters in surl
: city. acc,
ofi|
The work of the Exchange i, divided pi
ong committees. whose duties are clcar, I'll
incd i'm the bylaws. These committee. iran
known as Executive" "ArhiirtiOn." son,
ppcal." Grain" Conformation and Sta ioii.
les classification and Quotation" "a
'ade," and New Membership" lrfe'
he regular meetings of the Board are .ielf
/ on The first Mcdne,da, OF each month law Is
oiiener If necessary, th, president and ,iii'
'c member, of tine Board being OmpoN- iiMi
! 20 call special meeting whenever. iu good
r Wisdom. 10 NAV Dee necessary. MOI Cd
he annual elections are held az the ~. so iol
nee rooms on the last Monday in June.
the term of office commences Ou the Isl Hf'
of July in each wear. The elections arr
'allol. and all members are permitted t0
D., but mo- proxies are permitted. and
uritN Of the whole number If Anfg. ,.a-f /,