The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1910-09-23
TO HAVE CHANGE
TOpekans Appoint Committee
on Arrangements.
Second Meeting viii BE Held
Next Friday Night.
BROKERS' GIVE TALKS.
Bruce DIETRICH Says Evasion Of
Law Net Intended.
Declares a Cash Grain Market
Is the Plan.
BROKERS GIVE TALKS.

Now for board of trade or business
exchange in Topeka! At a meeting
held Thursday night at the Commercial
club representative millers and other
business men of the city were in favor
Of forming such an organization, and
to that end a committee composed of
W. w. Walton of the Central Com
mission company. George Hackney of
the Hackney Milling company, and
John B. Nicholson of the Kaw Valley
Milling company, we're appointed TO
draw up bylaws and arrange details.
Another meeting will be held next
Friday evening at which time the com
mfttee will make a report. David
Page Of the Mid-Continent mills serven
as temporary chairman of the tlrst
meeting, and he likewise viii PRESIDE
at the next meeting.
Bruce DIETRICH, c. J. futile and M
L. Tankersley. grain brokers OF Kan
sas CITY, were present at the meeting
and gave information in respect to the
mode Of procedure which should be
taken in forming an exchange.
"A board of trade is a good thlng
for any town" said Bruce DIETRICH.
What is good for New York, Kansas
City and Wichita should also be good
Money might just as we'll stay here
as go to the Kansas City banks An
exchange in this city would mean 10
the local banks $4,000 a year IN IN
IF a merchants exchange were
formed don't like that name board
of trade as people have gained the ldea
that it is an aggregation OF gamblers
it would of necessity bring Sooa
many people from out of town II
would bring business that otherwise
would go to Kansas City. 1t WoulI
bring 50 people in short time, mucn
capital. and it would mean that money
would be put in circulation locally
Will Come to Topeka.
I'VE are willing to come to Topeka,
bring our families ana puid up d tdHn l
grain market here provided you take
the proposition up and push 1t; other
wise our interest ceases Immediately.
Il haven't any doubt but within 90
DAYS there would be half dozen
branch offices of firms represented IN
Kansas City on the board of trade.
We want cash grain market and To-
peka looks good to US
There isn't any reason why TINS
Kansas trade should go to Missouri.
You are paying commissions every aay
that should be retained in the state
Wichita has an organization ana they
are making money.
kansas has stringent laws in regard
to gam bling in grain stocks. II t!llS
exchange is managed right there VIII
he no MEMBER VINO Will ubl ne NIitf III
ed that it conforms to the statutes in
every particular. It is not the idea to
try to evade the law.
"a market for home stocks is what
YOU want 1t wouldn't need to be con-
fined to grains. 1t could be clearing
house for cement and other Kansas
stocks.
"The first step is to obtain a charter.
Then it would be necessary to employ
a secretary at say $3.50 month, and
some quotation men. The secretary
would have to furnish a bond for 10 or
20 thousand dollars.
ITO start with, the grain market in
Topeka would have to creep; inside of
six months it would be walking. The
markets of the world would be at your
disposal. The exchange would be en-
titled to all the quotation news that
any other board Of trade in estitled to-
TT would stop grain from shooting
through to Kansas City" said George
Hackney, land in case of car shortage
We could get an adequate supply Of