Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1874-06-12
AUGUSTA.
ORGANIZATION OF THE COT
L O. Z Y c. HANGE CON
TENTION.
DOINGS IN THE COMMERCIAL
CONVENTION.

AUGUSTA, June 1O-Noo.1--TheC Cot
ton Exchange Convention organized
with the following officials: John
Phelps. of New Orleans, President; c.
A, Easton, of New York, Vice Pres-
dent; John S. Toof, of Memphis, Sec
| rotary. After the organization, the
Convention recessed until o'clock, ia
order to give time to appoint commit
tees and prepare for business
AUGUSTA, June Night-The Con
vention reassemb1ed at O'Clock. The
President announced the following COM
nlittees: On crop and acreage reports,
better system OF receipts and ship
ments and closer watch on the de-
tails and figures from the cotton ex-
changes, interior movement and larger
reports from interior towns, count of
stock once a month, Southern con
sumption, Northern consumption, over
land movement, total crop, figures,
meteorological reports, information
and statistics, G. H. Easton, of New
York, Chairman. On country DANA
ges and uniformity of bales, G. f..
richards, Galveston, Chairman. On
uniform classification, John CHATTER,
New Orleans, Chairman. On the snb-
lect Of resolving this Convention into
National Assembly and the admission
of additional Cotton Exchanges, j. W.
LathrOp. Savannah, Chairman. On
telegraphing, FL. Ct. Hester, New Or
leans, Chairman. On foreign and do
nestle bills lading, William Whitlock,
New York, Chairman.
On motion of Mr.. Walter, of Charles
ton, the subject of uniform system
of weighing cotton was referred to the
Committee on Classification.
Mr.. Brandfit, of Memphis. read
preamble and resolutions and ali ar
gument which was adopted by the
Memphis Cotton Exchange. The pa
per is very lengthy and covers the
whole subject of cotton production
and consumption. 1t recommends
that the Con, ention pet ton Congress
to make an annual appropriation sniff
Client to furnish accurate information
III reference to the cotton crop, the
appropriation to be placed with the
Department of Agriculture and Signal
Bureau and to be issued especially
for the purpose of obtaining
information as to the acreage annually
used i'll planting, the number of labor
ers employed, the average annual pro
duction of each district and State, the
condition Of crops from the time OF
planting to the final gathering; and
providing for the publication Of more
accurate monthly reports. 1t also
provides for the establishing OF signal
stations at various points from North
Carolina to Texas, to be i'll charge OF
competent officers, whose duty it shall
be to keep an account of the ram fall
and temperature, to be telegraphed
every Friday, to the Secretary of the
nearest Cotton Exchange, all informa-
to be consolidated by tie New Orleans
Exchange and distributed to the varl-
ous exchanges throughout the conn
try. The paper was referred to the
Committee on Country Damages.
Mr.. Smith, Of Boston, moved the
appointment of a Committee OH Tale
Adopted
Boston, New York, Baltimore, Nor
folk, Charlotte, Wilmington, Charles
ton, Savannah, Atlanta, Montgomery,
Opehka, Mobile, New Orleans, Gal
weston, Nashville, Memphis, Cintln-
natl and ST. Louis are Represented Ill
the Convention.
There are about one hundred dee
gates present. embracing MANY OF the
most influential and intelligent cotoL
factors in the United Statss.
The Convention adjourned until to-
morrow morning at s o'clock, III order
10 give the several Committees time 10
prepare reports on subjects referred
to them.