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


| re. DANIEL, Treasurer.
WET COTTON.
! The following communication ex-
plains itself:
MEMPHIS, Tenn, November L, 1874.
John s. Toof, Esq, Secretary Memphis Cotton
Exchange:
DEAR SRI find that it will be i'm
possible for me to be present at your an
nual meeting on Wednesday next, busi-
ness engagements, which cannot be post
pOned, calling me to New Orleans. The
success which has attended the ex-
change is certainly matter for sincere
cOngratulation, and the efforts that it
has put forth for the encouragement of
trade, and for the preservation of what
We already have, deserves the support
of every one connected with the cotton
interest. The increased roll Of members,
and the attendance daily on the ex-
change, betoken the interest felt; and
for myself l must say that the Informal
ton given daily on the boards of the ex-
change, far exceeds my most sanguine
expectations, and is exeelled by none of
the many exchanges il has been nv
pleasure to visit. There are two
items of interest which, l most
earnestly desire, will not be over
looked during the coming season.
The first is the condition OF cotton. AL
ready the first intimatioUs of the diff
Guilty of last season are being given us,
in the fact, that the transportation lines
are noting on the blackboard the condi-
ton OF cotton as received at the presses,
this being the point of delivery by the
buyer. 1t therefore makes the buyer
particular as to where he receives his
cotton, and the condition when il is de-
liveTed by the seller. Ii the condi-
ton shows Country damage, nthen self
protection will create trouble between
buyer and seller, as the buyer cannot
afford to take the risks which will in
evitably fall upon lis shoulders, should
the cotton only receive the same care It
did twelve months ago. | would respect
fully cali the attention of factors to this
point and ask them to issue circulars to
their friends and correspondents asking
them TO take all due care of the cotton
when in there hands; to keep 1t out OF
the mud; to treat it as q most valuable
article, and show that their interest in
the article does not end in it when it
leaves the press, but take pride in keep
ing il in "goOd condition. IcOuld en-
large upon this, but time forbids. The
other point was most ably presented TO
Mr.. Jones, OF the Louisville and Nash
vile railroad and myself by Mr.. Ensley. |
and refers TO transportation, and it would
be well for the exchange to hear him On
this point snft try and carry out his views. |
II these points should be fully discussed, |
L should hope at no distant day to lay |
more fully my views before the ex-
I cannot close without adding |
my testimony 70 your most valuable /
services, believing that in great meas
ure it's success is to be attributed to the /
excellent manner in which you have |
carried out its views. Respectfully /
yours, A. J. PATTON.
Mr.. Hill moved that the communica-
ton be received.
Mr.. J. w. A. Goodwin said the COM
touched upon valuable
subject which deserved the attention of
the exchange, as it was advisable to
protect cotton from the weather.
Mr.. Landauer thought the meeting
upon the subject, and sug-
yested the calling Of special meeting to
consider the matter.
Mr.. luther thought the subject de-
served attention, and should be fully dis
,ussed. He had several eommunicA-
ions upon the subject.
Mr.. Gates wanted 10 know II the COM
he was about to read was
elevant to the subject.
Mr.. luther assure him that it was,