A thumb-nail history of the city of Houston, Texas, from its founding in 1836 to the year 1912 Page: 152
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152 A THUMB-NAL HISTORY OF
high, in fact they were prohibitive so far as the new
exchange was concerned and the amount of commercial
news and quotations received by the exchange
in a full working day was about equal to
that now received in a few minutes, even on dull
days. Mr. Kidd helped out the quotations by using
the scant commercial report received by the Houston
Telegraph, of which paper he was also commercial
Conditions such as these prevailed for the first
three years of the exchange's existence, or until
1877. In that year the business men appear to have
recognized the great values of the exchange and to
have rallied to its support. Something like a reorganization
took place within the exchange. A new
charter was obtained and the name of the organization
was changed to the Houston Cotton Exchange
and Board of Trade. New rules and regulations
were adopted, the initiation fee was increased and
provision was made for a regular and permanent
income through fees and dues, for the support of
the exchange. From that moment the course of
the exchange has been upward, until today no commercial
body in the South stands higher in every
way than the Houston Cotton Exchange and
Board of Trade.
Not content with caring for and regulating the
large and constantly growing ctton business of
Houston, the exchange was always found in the
front ranks of the working for the good and advanement
of the city For a number of years the
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Young, Samuel Oliver. A thumb-nail history of the city of Houston, Texas, from its founding in 1836 to the year 1912, book, 1912; Houston, Texas. (texashistory.unt.edu/ark:/67531/metapth24649/m1/169/: accessed September 25, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .