New Orleans daily crescent., 1859-11-14
To the Cotton Trade.

At meeting CT cotton buyers and cotton brokers hold e
18th Of October last and for the purpose dovsug
means to redress certain abuses and grievances existing
nection with the cotton trade of Now Orleans the following
resolutions adopted:
That the practice followed hitherto by offering
for sale dusty and sandy parcels along with other
parcels FREQ from, such defects by buyers
and In order to do this the oectuay dusty sandy
eotons hereby declared unmechnntae are
recommended to sell them separately tholr merits
That sellers of cotton shall be held responsible any lust
reeamaions for false packed cotton following clause to that
effect being inserted in the brokers' sale every
invoice rendered to the buyer: Subject claims false
packed co',on'
That the practice Of tho Presses replacing lost
cotton without the consent Of the BIO
fraudulent substitution that it shall be treated SUCH
the fact reported the committee be hereafter appointed
that and other for such action tho gravity
requires buyers shippers cotton engage
themselves uphold the action committee even if II
carry with the necessity discontinue receiving cotton at
such delinquent Press long remains under open
covered control of the offending party.
That the charge Of Eve por made by the Presses
cotton not ordered for shipment tho received be no
longer paid provided the shipper gives the compcssng order
the day the cotton received the day
following.
That buyers agree not pay the charge of fifteen cents per
which Presses aomp. those
buyers who wish their cotton uncompressed
day it is delivered.
G. That shall replace hoops with ropes unless
special contract is made to the contrary.
l. That standing committee comprising fifteen cotton
brokers be appointed to take action violation the rules
adopted at this meeting, and also adopt such other
amongst themselves uniform and satisfactory
method of receiving cotton.
resolution refohatory the method of weighing
now In practice also introduced having carried
small majority only 1t is here omitted leaving the question
open for further action to be taken practicable
The rate of dayage charged by the Presses has
touched the established ordinances every buyor
has the remedy in his own hands,
standing fifteen appointed in
of the above resolution has been named and will
shortly organize.
document embracing resolutions deposited for
signature paor the City Bank and will be
left there until Saturday the 18th instant being
that the proposed arrangement shall be binding only if
number OF signatures be obtained list of those who have
signed up the 10Th inst will then be made public
declared final left open further
action, as the may be.
coMMIrTER.
AUGUST BOHN, of ]. Lecesne & Co.
d. HUBBARD, of Grceneaf & Hubbard.
ARMAND HEiNE, of A. & NJ. Hene.
GABL. WIN. COUVES, of Peter Maxwell & Co.
J. .KRUTTSCHNITT of Reichard & Co.
New Orleans, Nov. 4, 1850 n5 2ptd
IL. III. Tyler.
ITO CANAL ST. ST........................NEWO ORLEANS.
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