The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1858-05-25
LOCAL mArTEns.

LOCAL mATTEms.
ToBAcco ExcHAsos AT Q meeting Of
@ sss dealers in tobacco. held at the Tobacco Ex.
1nsuse, on Saturday morning, shs cd inst, JoBs
JONES Esq was called TO the Chair and M JANxs
| a. scsrr appointed Secretary.
DehJamin Y. Gray, ESQ On behalf Of the com
A.see appointed TO dsaft resolutions expressive
report: =.
mneieas. the experience OF few years psst has
I =. sne opinion generally with the tobacco
,.c,,,,i ne elsy VI nichmond. ti.at the increased
ios snoraso 70 the farmers ana plautes sf Sir.
GINA anu No tn Carolina or Ehr p,rfatisn of
.asr produce to market have ind acvd them 20 aepd
crop han in former years; aud whereas. the sre.t
denia,u createu by the large number OF tuuaccu
ceve ihs principal orders foreign aud domest,c f,r
tu pun ehas. OF tobacco makes II the iGreI est o.
tne planters genei ally prefer the kiehmons ar.
Aet aud thervore Is nsost likely TO induce ni.her
sti larger proportion u the crVp; AMI whereas the
large and increasing tsade in this bus.ness
mas bet attended with great nconsehie not 90
ali. at least to the greater Ct gagged init ana
y now found 10 be almost iniprsciieabe with any
gree Oh convenience aud satisfaction ~ those vi 10
ecnhue the od system of attending the daily sales
oi tobacco 1t thrve or more warehouses ioeateu as
INSTANT points OF the city; and wh.rrar II is eenled
u AFFORD the ampfest fncifity TO the trade
~ large and believing thas the interest OF puysrs
ana sellers will be greatly subserved ia the economy
., sie as wei, ~ conunce 10 the coas snicncs sad
comiort W all alike, it Is therefore reeoaame nted
anht suitable central and eomnodious 10
procurtd or the purpose OF conoentr Atng and con-
aacuag the resuiar daily sales of tobacco both
privately and puDciy in lieu OF tho former cussom
y. sales at the different inspection warehouses OF
And. whereas. 1t has al ays been found c,ndu-
eve ~ the oest interest OF the trade, THAI t should
ue consucted IN accordance with such regulations
.. wtuu oest tend To prot ct the Interest ot all,
cure unity OF sentiment and action and insure equat-
ity aud fairness alike to alt
Thereore, it is recon- uended. that the follow lug
fesuistions Dc adopted by the trade:
l. nesolvefi, That the I'm on the corner of Cary
anu i3th streets. and store Of essrs ko-
pe. ts.1 hooert be, Tor tue present. the place Vi
The Tobacco kxch snge of the Guy OF Richmond ana
tnat the regular daily oforiLg. of tobacco. by par
sate ana public sae, be restricted tiitreat.
hesoive,I. That the public auction sales shall
Dc eondueted by soule individual familiar with Tie
ussgea OF the trade; having no conflicting interest
oil his own incompatib ible with the province Of tar
ano iln Pai tial auetIvbeer Of tobacco.
Resolved, Unt.lforther ordered. that no private
safes ot tobacco be commenced befOre 10 O'clock, A
VI and also. in like manner, the public sale shall
oexim daily at Il O'Clock: AM.
4. Resolved, That the former custom of chance ta-
klbg, for tho purchase vi tobae CO, having been
iuhd 10 operate naequay. AMI " the disauy antase
ol many oi the trade. II be hencefor,h abvIisI-d;
anu Ia future the rule to be Oh, eYved tor the regun
ton OF private sales shalt be, ia this wise viz when
the vender has placed lis samples upon the sales
STAND. ahy bu3er presenting himself ana PROPOSING
to purchase, sball be entitled the priviege o.
tfadIbg and when Two or more make simultaneous
2rupusais To tuy. they shall detrrmlpe tetwee.
the selves by lot or other sise the order of
dence.
..esoved, That all private bids for Tobacco, be
regarded No sacrtd between the buy,r and seller
ana that No oner for Tobacco not accepted nj the
time offered, shalt be considered binding the
buyer unless agreed upon at such TIM. and m all
Cases tie terms u private sales be diyul-
geo. Without the .onssnt OF the purchaser and sell
&. Resolved That the former cust ,m of public
bids remain ia force. viz: hen tobacco is beins
cried at price bIow uollars bid or loss than
sen cents shall be entertained, and when over *
dollars. not less than 70 Cents per 40 lbs unless the
Did be claimed by more than one, aud the cryrr 10
Unable odecid- who Is entitled u, in that event
advance bid OF hAlr the sum in either case "a Il,
be received from either OF the parties aud all
cases. the CRY er practicable. shall decide beIw
claimants VI first bids.
T. Resolved, That henev T hf of ofTobacco is offer.
cd iur sale at pusc auction, ADD dis. osed Of
the same be offered priyaeiy afterwards the refusal
onOuu pe 70 the iast DiuueT, except To suct
cases where lor sufficient reasons the vender IL
wiling TO sell to the bidder.
hesolven. That any T-bsc thai may be offered
az fubiic sale. can be retired by tue planter, or
hi. factor shouii be dissatisfied with the price; this
privig however, must be exercised dir, city alter
The Tobacco is cried out or not at all 5
Resolved, . hat tEo same rule be applicable for
private bids tor Tobacco stated In the 9th suu
q u regulating pubic bids, namely: afuii savsLce
10. Resolved. That the interest of the trade re-
quires that the Inspectors anu Commis,H,n Mer-
Dt the condition Of tobacco When the sample is
drawn whether the tobacco Is passed. stained, dam
aged. heated or broken in the caak ana also TIA,
grass or net weight and accurately rs far rs pract
cable, the pr. pol tivn OF any nnxea hhds.
H. hesoiyed. Khat during the progress of the pub
lie taes all private trading for tobacco thr az
change be condu ted exclusively at The VI the
commission Merchants
- Resolved, That the auctioneer of the Ex-
change provide himself with list Of the inspection
at the several WAREHOUSES each day. aud that the
ellers he lied To the saGd y, sand list in The or
se..brooks on Solday and Thursaay; shoesoe on
Tuesday and friday: Public. w Wednesday and Satur.
day DibreL's always following sc brooks, except
on saturday when It viii be called second n order
The following amendment was osered by Mr.
Gooch, rs u substitute for 18th resolution:
Resolved. Thatthe proprietor of the aales room be
Merchants and publicinspcctons lhe city of hich
ulunu. IN "A, phaDeticai aud shalt tn
public sales by calng The nsms first said list.
aud alternately, uLtil each name has been cali
cd first In the order tnerson en.ered, cout nuins h;s
call from ach commencement la the order afures I'D
nntii the list ~ sone through with, when he shal
Commence ae the beginning.
The amendment being voted down, the original
resolution Us reported by the Committee adopt
ed.
IS Resolved, That the regular public sales of to
bacco be made strictly for sash PAL ments.
"A Resolved, That 1t De the duty VI the conductor
of the pubic sales. far as practicable, 20 that
the Exchange hoom 10 Kept in proper der, and 10
prohibit smoking aud AL other practices ineoasi,-
tent wi Ia the comfort Interest Of visitors 10 the
room, and also that the seats at the pubic sales
b -neh be reserved Tor the exclusive accommodation
OF the buyers.
IS. Resolved. That the Iuspee tors at the several
warehouses be requested to begin Their daily breaks
the earliest hour of the morning practicable.
that the breaks be limited to such number of hhds
as be cJopered up secured from all liability
10 injury the sane day which they broken
10 nesolved, hat tue custom ,frepriAers marking
their tobacco for Inspec lon with fictitious marks
AID there by opening wide the door 10 fraud. by
which bu ers have bsvn aud may be deceive or do
fiaui. by false packing be discontinued and that
they put their own namss upoa the sam :, aud that
sellers the tno vi offering such tobacco
that it is reprized, with the oI the repr'zer
thereof, projecting tue Innocent honest reprzer
FELL buyer against the Ie y scrupuious.
IL. Resolved. Tnat haviHg que Regard TO the
economy of time in the prompt Dispatch VI business
il Is ended lat curing the puOi sales all
matters irrelev.nt tn such business. far prac.
icabie. be avoided and toe attention OF buyers and
auctioneer mone for the cJnduct Of speedy sales.
Is Resolved. That We elect annually frum our
number, Committee of five, any three OF whom
ti ado N snufactnrer, shipper. seler-to be cal ed
the Committee Of Reference 10 ho q may be re
srrtd Questions OF difference arisHS ia the trade;
and when both parties agree TO refer The decision
this COMMITTEES, it snail he binding.
whereupon, the following resolution as offered
by Sir. Uwatiitney. WAS adopted by tue meeting:
kesolvei, That any planter having his tobacco Ia
the hands OF Inspectors aud ho maysprefsr 10 have
/. sold At ths E1chaDge when inspsctvi, may do ~
subject TO the rules OF kxcbange.
TN niHtion of Mr. Jno. J.nes, Capt WN T. sHEP-
PAID was elected aucIioneer
Then the 1ilouin committee of references was
elected by the meeting:
JGHS JONES, JOHN 3. WALKgR,
JOHN GILAoUR, SAMUEL HAaDGRsyG,
fRos. j. DE.NE.
On motion. the meeting then adjourned.
JOINT SJoCR MPANY--A proiect 10 on