The Mississippi Creole. [volume] (Canton, Miss.) 1841-1851, 1841-08-21

=, % haelstood as applying this to all
Tue new houses formed within the last
lew years, bat 10 many of them, and not
q le1s OF the old ones. Ny object IS TO
nothing extenaate or set down aught in
mate" aud 10 direct the rcfecfiny mln1
10 the true causes Of the evils which are
justly complained Of
The custom Of selling cotton in this
city has undergone considerable change
within the last ten or fifteen years.
Formerly, the broker only sampled his
cotton, --the factor made his sale uoon
The Liverpool Classification. For in
siancc-a lot or list of bales was sold
by the factor as Louisiana. Mississippi or
Tennessee, las it might be,) at the fol-
lowing prices: ordinary, 81; nddling,
ga; mIdIling fair, l04; fair, ia; GOOD
fair, l24 fine, l3. Generally, two bro
kers, good judges Of cotton, were select
ed, TO 90 thro 'gh and class the co ton,
and the quality was designated by marks
upon the separate bales. Phis practice
continued for long time, and is ffe-
quenlly used now in disposing Of large
tiSt. No complaint b s.evor been made
against il, and deem 1.-THE most just and
corrsct mode selling cotton, TO the Impair
tlal interest Of ALI interested.
This plan, however, has gradually gi-
ven way to another. seemingly more
popular, but in my opinion, less equita-
Bile. Brokers who sample the cotton of
the factors, obtain the marks, and send
clerks to draw samples, which for the
most part, owing 10 the bales being stor-
ed,sare taken from the ends. which hard-
! " ever represent the true va ne Of the
lartlcle-and by these samples the cotton
/ is sold; he broker furnishing the factor
with Ilstof classification, when weighed
and shipmarked The factor then annex
es the price to each quality. according to
his own samples, to cover the entire sum
obtaincd for the lof
X want Of correct knowledge of cot
ton has, doubtless, led to many errors
and improper rendition of sales to plan
tiers, by many of the houses, from '~hich
just cause of complaint has been fre-
quently made: if the house understood
Its business, this would never occur
This is the customnow generally pursa-
cd, except that factors staple their own
cotton, TO guard agaInstAraud in impro
! per samplIng by the brokers.
Much dissatisfaction exists relative to
I the charges upon cotton by the factor
above the p per cent. commission for
selling ,am5unling in the aggregate foi
drayage, storage, weighing and labor, Il
80 cents per bale. ! presume there is
no house Of good standing that would as
serl that it paid the fail amount of char
ges,-for this reason every house ha:
to pay per cent for brokerage upon al
its sales, and although Legitimate
charge to make against the planter, j!
never done. The actual commission re
ceived by the factor is only 81 per cent
f The weighing and drayage is almost al
I ways paid,--the loss of per cent. 70
Il brokerage has caused the lull charges Il
be made upon.the sale Of cotton. Tho
reason why factors have been able to ge
storage for less than the regular rates
is found ia the up and down town inter
ests, aud competition between the owner
| of presses.
cannot consent to traIuc6 The char
2 acter Of individual houses who have
: always stood in high estimation Of tn,
: public. if Il merchant negIects the in
i terest Of the planter, he can at any tim
4 change his business to another house, an
! if injustice ani frau have been praci~
: ed ~ ION him, it is his duty to expose II
) This, ID my oplnion. is the only and pre-
9 per corrective. fhereare unfortunate
II ~, unworthy and dishonest men in eve
; ~ department of business. when fodn
d out. expose them, and they viii soon pas
: away but let US not indulge in Whole
i sale, exaggerated deau4ciatioas Of a
! entire class taatshave hadthe coatidepc
), of the community through life. lcaun'
/ sane ion, nor can such a course correc
4 the ills complained Of. 1t may grail
s the envious prop .nsties of those wh
o would rise upon the ruin Of good mel
J. and my word for il, when you hear
Is man induIgingin invectiye and sland,
e of This Kind, ten to one he is eth,
N largely indebted 10 the house or a cor
IS petilorfor blsineSr.
have given yoa rs full statement
&. the custom Of selling cotton as my limi
III will allow. for tire correctness Of whic
a. appeal to the factor and plante
h. and ia conclusion will state, Tint there
r. no city in the United Safes where b
ne siness is done SO cheap ortransacted at
sr low rates as New Orleans, and there
al but few houses that make more tn;
v their expenses.
m Number of deaths in this city, fro
le the lst TO the 18Th inst.,-l62 City We
a. healthy. Cotton without change
at Yours, respectfully,
H. e.