Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1890-02-27
CITY BOARD OF TRADE.
PRESIDENT PLATT EXPLAINS SOME OF
ITS PURPOSES.
The Proposed New Building-How citi
zens May Assist in Securing its
Erection if They Win.

LJo AGGELkSt Z4t4.
EDS. RECORD UNION: Important changes
are being made in the Sacramento Board
of Trade, affecting It's objects and system
of operation they are changes in which
the public are interested, AID it seems
proper that some explanation OF them
should be made.
Through the medium of your paper,
with your permission, l will endeavor to
briefly outline the proposed changes and
explain what is being done. By q recent
resolution the Directors were Instructed to
incorporate the Board. This they have
done, and the Board of Trade is now incor-
porated with capital stock of 5000, 900,
with 1000 shares of 500 each, payable in
monthly installmsnts of ST per share.
Any citizen of Sacramento may become a
member Of the Board of Trade by subscrib-
ing tor not less than two shares of stock /:
no limit, however, will be placed on the
maximum number of shares that NAV be
taken. The objects of the incorporation
as set forth in the constitution, are to buy,
sell, improve and deal in real estate, and to
build, furnish and occupy buildings in Sac
ramento City, to deal in personal property,
borrow and loan money, and to improve,
extend, promote and protect the trade and
commerce OF Sacramento City and of Cen
trail California.
The immediate object in view is TO con-
struet Inc large building on one of the
principal streets in the city. Numbers of
our leading merchants, who have given
the matter the closest attention, are unan-
imous in the opinion that building of
this kind, properly constructed, will not
only prove an ornament to the city, but
Will be profitable enterprise. 1t is a
well-known fact that in all cities the
finest and largest and most expensive
buildings are the ones which are the most
profitable to their owners.
| have 10 doubt, personally, that such q
building rs is contemplated, located on
either J or K streets in Sacramento, would
prove very profitable and would pay a
good interest on the investment There
are comparatively few buildings of ele-
CANT appearance and modern construction
in our city, and such as we have are
never unoccupied.
Looking at i in this light, am forced
to conclude that stockholders in the Board
of Trade will have no cause to regret
from financial standpoint, that they have
taken stock with US; there is, however
our good citizens to take hold of this en-
terprise and assist it with their subscrip-
tons.
In looking over the operations of the
Board OF Trade for the past ten years we
will find that il has always been an in
strument Of good to the city and has
welded moral force in the city; at the
same time, it has never had any large
amount OF capital behind it, and has never,
in peeuniary sense, been very power
full. Organized as we now propose it
should be, with thousand stockholders,
every one of them members of the Board,
all interested in the welfare of the organ
izstion and the promotion of the best in
terests of the city, and backed By force like
this, it would have a power that would
make itself felt far and near, besides be.
ing able in many ways to advance and
materially aid such enterprises as were of
general public interest,
sincerely hope that the citizens who
read these lines will consider carefully the
proposition of the Board, and l am sure if
they do so many of them will come for
ward to the assistance of the new scheme.
Very respectfully yours, P. E. PLATr.