A thumb-nail history of the city of Houston, Texas, from its founding in 1836 to the year 1912 Page: 153
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THE CITY OF HOUSTON, TEXAS 153
exchange has had among its standing committees
one whose special duty it is to look after the welfare
of the ship channel. When the present efficient
Chamber of Commerce was formed, the Cotton
Exchange turned over to the new organization an
immense amount of work, that before that was being
looked after by the exchange. It retained its
interest in the ship channel, however, and while
working in perfect harmony with the Chamber of
Commerce and all other Houston organizations is
still found working most zealously.
In 1888 the members of the exchange determined
to build a home of their own. Ground was
purchased, plans adopted and on November 15,
1884, the new building was turned over to the exchange
by the contractors. It was a very handsome,
though small, building and answered every purpose
for which it had been constructed for many
years. In later years it was remodeled. Additional
stories were added and today the exchange building
is one of the most attractive and valuable buildings
in the city.
There is no Cotton Exchange in the South more
prosperous than the Houston exchange. When it
was first organized a membership oet only $1 a
month or $12 a year. Now a certificate of membership
costs $2,000 and it is difficult to senr one
at even that price. The annul dues on each eertificate
ar $50, while prove is made for fees and
other dues for the maintaWce of the exchange.
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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/m1/170/: accessed July 23, 2018), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .