Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-07-10
THE COTTON EXCHANGE.
Election eff Mr.. 5. NJ. Gates as Delegate
10 the Samplers Meeting from the
Cotton Exchange 20 be Held
In August.
The Delivery of Cotton by Railroads
Protection OF Cotton at Congresses
or in Warehs suses-Cbarges.

| The board of directors of the cottor
exchange, at their meeting yesterday
| transacted vast amount of Important
| business, among which was the appoint.
| ment of Mr.. s. NJ. Gates, the well.
| known cotton buyer of this city, as
the expert to represent this ex-
change at the meeting Of representa-.
| tives of ali the cotton exchanges in the
| United States, to be held in New York
on the thirty-first Of August next, to Sc
lect and fix upon the
STANDARD AMERICAN CLASSIFICATION
of cotton. VIM. BowIes, IT,, was Sc
lected as alternate. The importance OF
this classification is fully understood
among cotton men, and is generally re-
garded as one of the most important
measures at the late national cotton ex-
change held In Augusta, Georgia. By
means of this classification, uniform
standard will be adopted throughout the
United States, which will do away with
much of the inconvenience in quota
tlOns and classitications, which have
heretofore caused great trouble and an
noyance to cotton men. A better selec-
ton than that Of Mr.. Gates could not
have been made. He has been identi-
tied with the cotton interests of Mem
his for years, and is considered one of
the best judges of the staple in the
southern States. His statistics have al
ways been regarded as good authority,
and were quoted in the commercial
journals of the east and Europe. His
devotion to the interests of Memphis is
beyond question.
RAILROAD COMPANIES TO DELIVER
COTTON.
twill be remembered that during the
rush of cotton to this market during De-
cember and January of last year, seri-
Gus delays and injury to the interests of
both factors and shippers was Occasioned
by the accumulation of cotton at some
of our railroad depots, which consignees
were unable to remove as rapidly as
was necessary. In order to avoid re-
currence Of a like state of affairs in the
future, the board, after careful considera-
tion of the subject, passed the following
resolution:
Resolved, That all railroad companies
having terminals in this city be re-
quested to make arrangements 10 de-
liver cotton brought to this market by
them at warehouse instead of their re-
spective depots, compensation to be
fixed at the lowest remunerative figures
and to be included in freight bill, and
that all railroads and steamboats, Ice
specially requested to protect cotton
from weather and mnd by use of skids
and tarpaulins.
WAREHOUSES AND CoMPREssEs.
In order to secure the better protec-
ton of cotton from the weather the fol-
lowing resolution was adopted:
ResOlUed, That warehouse keepers
and compress companies be required to
protect cotton in their charge from the
weather and mud, by the use of skids
and tRrpaulins, when impracticable to
keep thessm under shelter.
CHARGES FOR STORAGE.
Under this heading the following &C
ton was taken:
Resolved, That the exchange repre-
senting the cotton trade of Memphis,
while requiring warehouse and compress
men to take proper care of cotton,
desire at all times to pay fair considera-
tion for the service, and therefore re-
commend that the rates OF storage on
cotton be fixed at fifty cents per bale for
the first month or fractional part there
OF, and twenty-five cents for each sue
ceeding month.
A VOTE OF THANKS.
The secretary of the exchange was di-
rected to tender to Captain w. J. Ross,
superintendent of the Memphis and
Charleston railroad, vote of thanks for
cOurtesies extended to the delegates sent
to Augusta, Georgia.