Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-10-04


A war OF rates gives better rate yFh lie - IN
Than when one man has charge OF the s1i b
- rate to als CLERK. ~ didn't know II SIi
T Lamp Ter lad any line by which 10 make tn
| contract: 10 ne had two OF more lines, tn
SC meme might assume some tang BILE shape
Mr.. Proua nl said he undsr.tooe Mf. Ian
| uhier would have his headquarters Ia Ney
~ orK, 81 ss TO be in conneeIion with the lead
! ng trunk roads.
/ Mr. LRnphfer's plan. He dat know o
l a. Instance IN his experience As soicitinf
- msde hi ne east ihe5s have a fsiaT, there
D0t he sas always referred 10 agents here Hc
rste In the east for cotton in the west could bl
| fhfaimed The same thing that affectS rail.
! roads affects the agents.
Mr. Issnphier SsiJ he had takon pains q
| ak rates from men in the east, and they had
be- granted, and never refused.
| M Hughes said they gave the current rates.
Mr.. LabphieF said u had been customary
| for Memphis 10 control rates from here to the
there. '''''
NaJor Ross. superintendent of the Memphis
/ and ChsrlestCn wanted 10 know what guar
/ anty the men had when proposing TO give
] th-ir business TO a man 10 make aTate9 hat
/ would he the result when millions OF dollars
1 were entrused 90 a man who had no Interest
| in the roads2 He Thought tie merchants and
| business meu OF Memphis were sufficiently
| intelligent TO transact theiT own business. so
| iOng rs c0mpeltuOn was maintained, low
| prices would rule. On the Pennsylvania and
/ Reading road the freight was seventy-eight
| cents a ton per mile, where they handled one
/ hundred cars OF coal dow grade Ha thought
| The gentlemen were ueadlng upon dangerous
! ground when they proposed TO entrusS their
/ lll G. away from lefe. he raie vas ninety
| tx cents Ferlulldred pounas all-ral hence 70
| NoffolK, RiI1s HUNDRED and siSty miles, and
] uPnce Two hundred and nity miles TO New
/ FORK. 1.-THE transportation interest center
| .ug here would be destroyed, the trade OF
/ Ngmplis would BE- ruined; Tor the citizens
not only wanted TO ship cotton away,
puI wanted 20 get II here. He
had been living here long
Would thu merchants here build up a man
| aud a road OF the east to the dstrifnent OF
home Institutions and home pros p=rity and
traae2 Inc Virginia and Tennessee Air-Ltue
wfs carrying freight at the lowest possible
rates. During MS whole lifetime be lad
| never heard such aquestion raised, and hoped
he citizens would approach the question
cautiously and consider II deliberately. 1t
vas \ new prcpOsi ton. the nTst be ever heard
4ruplseu, ara he had resided here siuee 1870
SIR. sam Gales wanted TO know II ia max
Ing each shipment It ", uld be necessary 10
oe advised from New York, and II the bi Is OF
laden would be made here or IN New York.
Air. Lauphlsr said ADVICE would be gwen
for each shipment in bulk, the Intelligence
being given to The agent representing the en-
tire shlument, not individual shipments for
which bills Of lading would be signed here, as
Mr. Hughes wanted to know how he would
set IN regard 10 ocean rates, which fiuctuate
daily. By the time intellig 6ncereached here
Nr Proudnt SAID the head Offices Of the
give rates. The railroad competition was
lhere, where, ne undestOOd, this cOnso ida |
uon tad been going on for years the object
Of the scheme, which in some respects was
good, was 10 secure and maintain the lowest |
possible rates on goods c1mirg west and cot /
M. Tuther wanted 60 correct the statement
thst the headquarters OF cotioD-csrrylng !
lines were IN the east they were right mere 4
h. Memphis All the agents OF the lines con- I
polled tie rats which the president Of the 4
Inc In New York could not control. II tue /
lines there wanted % know what rates could /
he obtained fnOm here 10 the etst they would I
have 10 dispatch 10 their agents here. Ne n 4
puis rates 70 The east We're ~ chesp as they I
could be, the rate OF his line 70 New York /
being only eighty cents. There was not a 4
pper on the committee, ana no shippers /
had com planned Of the rates east.
Mr. Gates said he would like 10 have some |
assurance that the present rates would ne /
rsise d. They might 50 mp 10 one dollar and 4
twenty cents. A, long as the rates Temained 4
low cotton would come here.
Mr. Proudft said he wanted 10 know II the /
producer Of The cotton, and not the shipper,
paih the rates The were satisded with /
present rates, Yvhica he believed the lowest
posi- BILE rates. They wanted the rates 10 re-
main a. LoW. and urOyide for the ireight on
four hundred thousand bales Of coiton-a
guarantee OF low prlce-s' 'ts 10 compete with
5t. Louis and New Orleans, el-e they would
axe away the trade OF Memphis.
Major Ross said n cotton were 10 advance 70
thirty cents, they Ou.dn't expect the road TO
assume twice the possibility tecause of the
increased value Of cotton without advancing
cont oiled Dy tJuiPtt-ttsu. a !oaq could not
carry ore huud e. dol ars worth Of property
Tor the "a ne price they could forty dollars
worth. The enhanced value Of cotton bene-
ntJed every one. Why, then, should not rail-
roR L. receive their pro TGtu OF bened 81 Com
petition alone could cuntlOl ire ghJ rates.
Ar. q. {. Clas said there was one good fea-
ture In II, rs a. "sEeer-d up" the freight
agents.
COO mit,ee Of facior and Two buyers be sp-
loiuttt 10 take l1e matter into consideration,
,.uj report this day week, The tenth instant.
Er. 1ther moved TO amend me solution
b. adding to the committee Two transporta-
tlou or fre -gnt agents who sl-8 ad an inter
est m the pr1spe-ity OF \ EN- phis. Adopted.
Nj. Prouddt said that he thought that the
appointment OF men o. the committee whom
Trey were combating would deIest the meas
ihe chairman said that the resolution did
not provide The manner Of the committees
appointment.
Mr. Iuuuer asked that his name should not
Be placed on the committee.
The chairman fiuatiy appointed the follow
log gentlemen: W. p. Pr0udht, \. Hilll and
BaylIss, buyers; W. J. Ross and \. q. Tu-her,
freight line agents.
AN INVITATION.
MEMPHIS, septe mber p, lS74.
John &. Toof, Secretary Cotton Exchange:
DEAR SIR-We cordially invite the officers
and members OF the cotton Xchange to Join
sith Us in the grand parade o. the occasion
nf the opening Of our third annual EXposi-
ton, OctOuer 18th. hoping 10 receive an early
and favorable epiy, au, sir, yours respect
fully, H. T rOMLlNsON Oh hartman.
Tie above invitation having been read, the
follow ing resllu lution was offered by Mr.. Gates,
and adOptet by the exchange:
WHEREAs, The Memphis industrial expo
itiOn, tbroUsh lis chairman, has extended a / :
.ordia invitation TO the on iceTs and members
Jf the cotton exchange 20 participate in the ,
gIaBd parade on tue cs.iOn Of the opening {
1t tnefr rhird annual Exposition, Oc OUer
5.h: and whereas, the cotton exchange fully r
realizes the Importance Of aiding, so far as
possible by iIs presence a n institution 50 val
labls u the Interests OF Men phis,
Res0iued, That we accept the invitation 70
appear in a body in said parade, and in so far
L il may be com 1sta ble With the interests Of
fg members, would urge tn "a 10 join IN this
and that 70 further facilitate =
his enc, the sscottOn exchange be closed be-
.lgeen the hOuus Of ten in the morning TO two
n tie evening on Thursday, October 18TH, I
md that tie busiu. s. houses also be requested
% clio c between The above named hours, so ,
hat employees be allowed time TO attend.
Nr. Hill ofisTe ed the following resolution,
which was adOpteo3 :
ReslIred, That a committee OF i've, to con- !
sist Of W. ". Guy, a A. Montgomery, J. ..
Neely, W. ]. E. oss and c, { Clay be appointed
.5 call upon his b lnOr, the may o., aud gen
araI oouaCii. aud urge the vial Importance | ,
10 tue city trade Of Immediate repairs 10 the
lavemenT on u Msdl-Hn q or other streets con-
meeting he Memphis and Charleston depot ,
with the business part OF the city,
Adjourned.