The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-07-08

Seattle II 10 hare "a merchants exchange
soon az the details Of its management
are arranged and agencies are established
at various shipping points on this Coast
A. Il. Washburn. who has been with the
Western Union Telegraph Cumpany for
many years. has taken up the idea. and Is
10 be the manager that will organize this
new feature OF Seattle development and
handle IL afterward. He announces that
he has assurances that he Will be able to
letins with a membership OF seventy-five
business men within week or two.
The exchange In to be conducted along
the lines OF similar Institutions in the larg-
est cities OF the country. with Information
ayailable for the members on every mer-
camille and shipping topic In which they
may be interested. One Of the principal
departments OF the establishment VIII be
devoted to shipping. tidings OF vessels. etc.
and IL is the intention TO have sources that
Will render this one OF the most complete
a sns asePs,rs WIN be sax
toriA, Portland. Grays harbor. Neah bay,
Port Crescent. Port Angeles Port Towns
end. Port Gamble. Port Blakeley. vancou-
nsmo sane oEy
Tacoma, and every place on the Coast
where there is a possibility OF being news
that viii be interesting to any OF the bust
For the benefit OF the commission men, a
complete report OF the San Francisco Pro-
duce Exchange viii be received by tele-
graph every day. and bankers and finan-
ciai men VIII have tho benefit Of the finan-
cias reports Of London and New York. 9th
err features will be- instituted TO comply
with the needs OF the members and II is
expected that within . few months the Sc
attic exchange will have as complete a SER
vice. covering as wide scope, as that in
san Francisco or any ether city of the
The privileges of the exchange will be ex-
clusiveiy for the members, who viii pay
according to the information they desire
to subscribe for. Outsiders viii not be adj
m.t,ed to the rooms nor to see the black
boards. In case member Is particularly
Interested in a given vessel or other mat
ter that comes In the scope of the insii-
tuition. ali he will have 10 do will be to
leave word with the manager. and as soon
IA anything Is learned IL VIII be privately
cent to him over the telephone or by mes
exchange thoroughly up 10 date.
All masters OF vessels are to be honorary
members of The exchange. on condition
that they report thel. arrival as soon as
they reach port. which they are always
glad TO do. They may have their mail
and kilograms addressed to the exchange
and make 1t their headquarters while they
are In port.
The business men who have been APP
preached on this subject have all said II
was an institution that Seattle has long
felt the need of. and they were glad to as
s.st II by becoming members and In other
ways. It IL believed that such an institu-
ton will grow 10 be one OF the most Inn
portant enterprises in Seattle. It's posi-
bihsies are limited by only the growth CT
the city. and IL Is in,e aded that Ii shall be-
come the headquarters FOR all business
men, and, after time. with reading rooms
consultation rooms and such other etab-
orations as may properly belong TO such a
concern
Mr.. Washburn IL one of the most compe-
tent men 10 take up such n project and
those who know him say 1t could not be in
better bauds He has been with the teie-
graph company for many years and has
become known as one OF the swiftast and
most reliable operators In the United
States. His speciality has always been
commerce. and ho has therefore attained
an acquaintance with business affairs that
makes him especially valuable.