The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-08-29
$4,000 FOR SEAT 1
in THE CHAMBER
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RECORD PRICE FOR CHAMBER OF
So . COMMERCE. MEMBERSHIP. Ii
fSf EtttY IEE<T s.sNE.. W
Starting at $25, the Privilege Certif-
Gates of the Great Grain Trading Or
ganization Have Mounted Until To-
day Davenport Barley Merchant
a., ...., - :
Pays the Highest Figure. 80: : !:

Five thousand dollars handed over
today by G. G.. Bosch, the prominent
malster and barley merchant of Dav-
export, Iowa, works a new high rec
ord for Minneapolis Chamber OF Com
merce membership. Mr.. Bosch found
1926 the nominal figure when. he ap-
piled for admission to the chamber,
cessive' transfers from $4,625 to $4,000
to $4,750 to $4,925. Nothing under
$4,000 fiat would draw another offer,
and Mr.. Bosch, who is a believer in
Minneapolis generally, and especially
IN its future as a barley market, paid
the price, and said it was worth the
money to be able to do business here.
membership certificates still in exist
ence. P. A. Rogers, publisher of the
Market Record, has one. There are a
number that cost the holders $lO0,
5000 or 5000. When the chamber was
organized, twenty-five years ago, many
who put $25 into membership felt
that &ey were throwing away the
money, yet even the finest Of Mime
apolls real estate can scarcely show
an an equally good record in price en-
Spread Commercial Fame. :
No institution has done so much to
spread the commercial fame Of Mime
apolis as the Chamber Of Commerce.
The Minneapolis milling industry has
carried the city's name around the
world, and the Chamber Of Commerce
grain and elevator business represent
ing millions of invested capital. In a
single day. in the busy season 1000
cars of grain have been handled at the
chamber, and a days business Of
$1,OO0,OOO. Once Chicago, Buffalo,
Milwaukee, St. Louis and New York
were the grain markets. Today Min
neapolls,. pre-emineat in wheat and
barley, is rapidly, becoming, the pre-
dominant center of the American grain
business in both the cash grain and
the speculative grain.
All the Banks Members.
L. So large are the financial transac-
lions that all the banks hold member
ships, that they may send representa-
tiyes on the floor to negotiate loans.
The $50 membership, on the. basis, Of
$4,000 each, would stand for $780,
900. When the trading, privileges Of
low price, for the sum total is in good
part offset by tangible assets. The
chamber owns, the entire Fourth. ave
nue. frontage between Third and Fourth
streets, one building, 152x13s and ten
stories high, and another l52x120 and
five stories high. In addition, the va
cant forty feet adjoining on Fourth
street was recently acquired, that the
association might be ready for expan-
sion, the present building being crowd
ed. Peter B. Smith, president, says
the chamber has no immediate plans
for building, and bought the property
for the future. 1t is practically GER
tain that ten-story addition will be
erected eventually. The promise, Mr..
Smith says, is for record-breaking
business at the chamber@in the season
now opening.
More Applicants. 5-7;.; ,.,..,v
Eleven applicants for membership
now have their names on ,fle,sand. wall
be voted upon soon. They are: F.A.
Chamberlain, president Security bank;
R. I. Naegele Of the Germania bank;
George G.. Smith, P. E. King, George
B. Raft, W. L. Benton,s David IN. Pot
ter, A. J. Sliel, all Of Minneapolis, and
N. V. Schmitt Of Duluth -]' -
Young Mems Tailoring Dept. $780,: $a5.