Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-11-26

and then read communication from q
Liverpool steamship company relative
to the transportation of wet and dam
aged cotton. The letter contained seve-
raj newspaper extracts.
The president decided that the COM
munication was irrelevant 10 the subject
contained in Mr.. Paton's communicas
ton. which was finally adopted.
Mr.. Proudht then offered a resolution
to the effect that special committee OF
three re appointed TO notify all shedmen
toprepare TO take good care Of ali cotton,
etc.
Mr.. Lsndauer offered a motion in lieu,
that committee Of three be appointed
TO investigate + e subject matter con-
tanned in Mr.. Paton's communication.
Adopted.
MERITED HANKS.
Mr.. luther offered the following reso-
luton, which was adopted unanimously: :
RESOLVED, That the thanks of the
members Of the cotton exchange be and
are hereby extended to It's president,
vice-presidents, treasurer, board Of di-
rectors, committees on classiications
and quotations, aud information and
statistics; treasurer, superintendent, and
secretary for their exeftions in organic.
ing the institution, and for the faithful
and able manner with which it has bG en-
conducted during the past year.
MR.. SAM. W. SMALL, OF TEXAS.
Mr.. luther announced the presence of
Mr.. Sam. w. Small, editor OF the Hous-
ton tTexas) Daily Age. Mr.. Small was
called upon, and expressed his pleasure
in being present and hearing the reports
just read. He was glad of the opportu-
nifty to congratulate the exchange upon
its condition and the brilliant augufies
presented Of still greater achievements
In the future. The fact Of your having
inaugurated this exchange only one year
ago, and Of its having successfully per-
formed the work for which il was insti.
tuted, is an abundant evidence Of the
energy and enterprise of your citizens.
The most significant fact which l have
heard tonight is that not q single case
had been before your committee of arbi-
tratiOn the past year. This is not only
a convincing evidence of the fairness
and harmony Of your dealings, one with
another, but is a testimonial to the out
side wcrld that when they come
among you to buy and to sell,
the same fairness, square dealing and
harmonious action will prevail between
you and them. Memphis, a center of
trade by nature and her acquired advan-
tages, from being near the heart of the
cotton-growing region, with highways
Of commerce reaching in every direc-
lion, handled last year, il 1 am cor
rectly informed, half q million bales OF
cotton, and the promises of the present
season are still greater. Texas is send
ing the advance shipments sought for,
and l can frankly say it remains with
you whether they shall grow to large
proportions, and become permanent
trade. We desire to see Memphis be-
come to US of the south what st. Louis
is to the west. We are not only ready,
but anxious to trade here. Being one
people, with one tongue, one history.
and closely identified interests, it bel
comes US to shake hands over our iron
highways, and resolve to labor together
for the advancement of our cities and
States to the proud positions which of
hight belong to them. Mr.. Small then
touched upon the advantages to be
raped by Memphis through the COM
pletion OF the Texas and Pacific railroad,
urging the commercial interests of Mem
phis to look well to the subject, and ioin
in hearty cooperation with Texas in de-
handing the speedy completion of this
trans-continental artery Of traffic and
travel. He also referred to the desire of |
Texas TO see this and other southern
cities engaging in the manufacture |
Of such articles as at present |
called trade and money to the north. |
Texas would cheerfully cultivate and |
develop the exchange of raw material |
for such articles as she herself did not |
He spoke pointedly OF /
the duty which every man in the south |
owed to his section to assist in the de-
of every material interest |
and resource, looking to a general revivi- |
fication of power and prosperity, such |
as the citizens of Memphis and Of Texas
had brought about in their separate
He said there was DE-
triOtism to be displayed in business as
well as in politics, and that "peace hath !
her victories no less renowned than |
war;" and these are the victories which |
Texans are ever ready to assist in achiev.
ing, not only for herself, but for Mem
phis, Tennessee, and the whole south
ern sisterh0Od. The remarks Of Mr.
Small were listened to with very marked
attention, and frequently applauded.
After the meeting many members made
he personal acquaintance of Mr.. Small,
thanking him for his generous express
'ions.
The chairman announced Messrs. G.
Z. Hunt, Ms Katzenberger and r. NJ.
committee on elections.
Adjourned