Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-10-26
COTTON.
COTTON.
Meeting of the Chamber Of Commerce
PreceediHgs---Rules Adopted 10 Govern
Sales Of Cotton.
laaUTNETa0A
important and interesting to Planters.

Ordef, the gentlemen WSib uIAn-
imously elected: e.. G. Ward, Robert
Gibson, Atwood & Anderson, VIM. H.
Fitch, Jr., Allison Bros, WIN. Frolich, j..
F. Dowdy, t. F. Tobin.
A ommunication wa read from T..
EnsleF, Esq, President of the shelby
County Agricultural and Mechanical As
ISOLATION, asking that the Chamber recon-
mend the closing Of business houses on
Wednesday next.
The reports of committees were then
called for.
The committee appointed to examine
the books of the Secretary and Treasurer,
made the following report, which was re-
ceiyed and adopted, and the committee
MEMPHIS, October D. 1869.
7. A.. Nelson, Esq, President Chamber
Commerce: The committee appointed at
your last regular meeting TO examine
the books of h Secretary and Treasurer
of the Chamber Of Commerce, having
performed hat duty, beg leave, respect
fully, to make the following report:
Amount paid over to Treasurer
SchooIteld by ex-Treasurer
% 10
Amount collected and paid TO
Treasurer by ex-Secretary
Ridg! g y...-..... l,B7l "
Amount paid to Treasurer by
Secretary Trask-~".~.~.-.~...- 500 20
by TFSeasurer1-~~.--.sl 1857 IS
Amount paid out by Treasurer
Schoolheld, as per vouchers
iisZS 0S
Showing a balance in the Treas
y ury Of.-.--.....-.... --..--..----S 90
We find that Secretary Trask only col
lscted S195 ~, and having paid over to
the Treasurer sos 20, makes a balance in
J If 49, o. % e. u-hfaN r-1v,- nNn, nit
tee recommend a voucher be drawn in
his faVor. Your committee would fur
Their recommend that the vouchers of
the past commercial year, with u trans
cript herewith tmarked A. be filed among
the archives Of the Chamber, and that the
committee be now released
A. L. HARRIS,
j. NJ. PETTIGREW. 81.
Major W. W. Guy, Chairman then made
the following report:
To the President Of the ChdEs6es Of Ohm
HeTcs:
The committee appointed under the res
| olutions adopted by the Chamber at its
last called meeting, to revise the rules and
regulatiun governing the ssisand delivery
of coetOn in this market, have had the
z subject under careful consideration, and
beg to report the following:
l. All weighing of cotton shall be don
before any ~re-sampling or boring axes
place;
smineG by the purchaser previous to re-
moyal from the place of storage.
8. The seller OF cotton Is entitled to the
samples sold by, but when required by the
buyer shall allow him 10 take them 10 his
office for the purpose of comparison, and
when that IL done to return them to the
seller, and a failure TO do so causes him in
future to forfeit ali right to remove them
from the Office of the seller.
4. Three hundred pounds shall consti-
tuts the minimum weight of a merchant
able bale OF cotton, and the buyer shall
have the right TO reject ali bales below
that weight.
5. Six ties or bands only shall be re-
ceived on each bale, unless an allowance
is made oftWO pounds for each and every
tie above that number.
6. Cotton rejected for cause must be
lone at its relative value in the list pur-
chased.
:. The practice or boring cotton which
prevails in this market before passing the
same, is understood 10 be The rule witt
regard 10 the manner of receiving, and
relieves the seller from any liability for
! reclamation on mixed or fraudulently
packed cotton.
&. All eetton sold shall be understood
10 be in good order, bat all claims for re-
pairs m9st be made before removal Of
cotton from place of stQrage-otAerYise,
nc allowance VIII be made
W. W. GUY.
JOHN T. STRATToN.
J.J. RAWLINGS.
EDWARD WARBURG.
J.. W. JEFFERSON.
y. CORONA.
w. NJ. BROWN.
Tie following letter was then read By
AIR. Pettigrew and ordered TO be fled:
MEMPHIS, Tenn, July 50, 1859.
To {. G. Shackleford, Esq, MeSsrs- Ma
sou Landon, W, Z Jayne, Esq, and
others, Canton, Miss:
Gentlemen Your communication TO the
Z Chamber of Commerce of this city haV-
ing been daily received and fayOrably con-
! sidergd aRd endorsed, we, the undersigned
COMMITTEES, appointed "a behalf of that
body, do hereby extend to yOu our most
hearty approval of -FOUR enterprise, and
assurance OF our assistance in every pos
sible manner TO consuInInate the compile
ton of the YazoO Valley Railroad, thereby
placing US in that direct and speedy COM
muuicaticn which our mutual interests
require. 1900
Yours most respectfully,
J. NJ. PErTIGREW,
J. W. CQbBS,
J.. q. LoNSDALE,
Upon motion of J. 7. Stratton, Esq, the
bylaws reported at The last monthly
meeting were read and adopted. ]
The following preamble and resolutions
We're offered by Col. d T. Porter:
( WHEREAS, The commerce Ofthe nation
demands another line Of railroad from
! the Mississippi river 90 the Ra0iaC coast,
and one which would be FREQ nom OBJ
( structions by SHOWS, and would touch the
great Father of Waters below all Obstruc-
tons of leo or low water, therefore,
ReSeiksd, That on account OF the geo
! graphical position oI MsMptts, aud the
( eutfra freedom from ~ohsttuctioIis or ice or
low water hence to the Gulf coast, the na-
ton points to her rs being on the great
contemplated line.
Resolted, That q eornmitteeo of fifteen be
appointed by the Memphis Chamber Of
Commerce, to ask the cooperation, In
such way as they think best, OF other
Chambers Of Commerce, Boards OF Trade, !
cities, towns, and the country generally, /
ia argipg OF COngress tho necessities and
wants Of the coHstFy, ara thsI the right
of way be granted, through public do
main or elsewhere, and such material aid
ofland and money as may be necessary to
the completion ofthe road, to satisfy the
demands of commerce between the Valley
OF the Mississippi, and States East and
North, aed the Pacific coast.
Adopted, ana the Following committee
IS. +. Porter, J. C. Nicely, W. S. Bruce.
Z. Z. Clarke, J. r. Stratton, WnI. NJ. Far
rington, r. J. Morgan, J. W. Clapp, W.
W. Guy, Robertson Topp, j. B. Lowen-
steine, Jas. Lee, Jr., Jas. Lenow, A. I'll
Lacey, aud W. r. Moore.
On motion OF +. r. Clarke, Esq, 800
copies Oft rules adopted by this Cham
Der in reference to cotton, were ordered to
be printed in hsnd-biH form.
On notion Of IL. s. y. Gates, a ON
mittee OF three was appointed Il raFlss
the rules and bylaws of the Chamber, and
report the cost of printing the same at
next regular meeting. The following gen
tleInen were appointed said committee:
$. y. Gates, John s. Toof and John P.
Hill.
Nj. Stratten offered tbs following, which
was laid over until the next regular
meeting;
ResoIred, That when no objection is
made, applications for membership may
be voted on tiUe Uoee, but in all other
cases the voting must be by ballot.
On motion, the Chamber adjourned.