The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-07-21
NATIONAL COTTON CONVENTION

MEETING OF THE EXCHANGES AT WHITE SUI
PHUR sPRNGs-THE OBJECTS TO BE ACCOM-
PLIsHED-THE OPENING PROCEEDINGS YES
TERDAY.
WHITE SULPHUR SPRINGS,
Greenbrisr county, W. Va, July 20, 1851
The National Cotton Exchange Convention be-
gan Its second annual session mere to-day with a
very fair attendance. 1t was organized last year,
and It's first annual meeting was held on the 18th
OF June, 1874, at Augusta. Ca, when a
regular organization was effected Among
the OBJECTS or The Convention. which
are varied and numerous, are the prevention
OF fraud IN the packing, shipment and sale OF cot
ton, both here and In foreign countries also TO
establish uniform classification of cotton ana
the compilation OF statistics, gathered from the
most authentic sources, bearing upon the cotton
Trade. the present BODY Will enter largely into
Inc discussion OF all subjects affecting cotton, and,
among otner matters Will DE considered
THE FOLLOWING IMPORTANT QUESTIONS.
TO arrange for securing specific monthly re-
turns OF all overland shipments to spinners; the
establishments OF uniform rules relating
TO the reclamation OF falsely packed cot
ton, together with efforts to secure the
auoptlon OF the same ali foreign
markets; TO endeavour to secure the adoption OF
UNIFORM standard or classification IN foreign
markets and providing that all sales Of cotton In
Europe DY members OF the exchanges, upon firm
ohers or for forward delivery, De made on the
basls OF American standard; the establishment or
board OF arbitration IN Liverpool, composed Of
salarled experts, for the settlement OF ali con-
UOVersles arising from sales OF cotton upon firm
o1ers or Tor forward delivery from United States
ports; the recommendation that crop reports
OF local and national exchanges be made
rom April to December, inclusive, instead
incubation OF the liking OF a STANDARD of weights
lOr Dagglng ana ties, with the view o secure the
greatest economy consistent with sale packing;
the establishment OF a uniform system Ior TIE
examination ana delivery Of cotton after sale,
leaving the time In when delivery shall take
pace, To DE nXed by the local exchanges, as that
shall necessarily depend upon local facilities; the
recommendation OF an UNIFORM system for weigh
Ing cotton, and that all weighing De done by
officially appointed and sworn wegners; also that
all such welghers shall lie experienced In the avo-
caSion, and shall give BOND and security for tue
performance of their duties; that such weigher
snall not be interested directly or indirectly In
cotton at the time OF appointment OR thereafter
curing mis- service az weigner.
AN INFORMAL MEETING
was held this afternoon by the delegates. Presi-
dent Jonn Phelps, Of the New Orleans Cotton EX-
change, called the meeting to order and stated
that III consequence VI break upon the Chesa-
many delegates to the Convention 1t would be inn
practicable to appoint business committee In
advance Of the regular opening.
The Secretary Mr.. JOnn ). Toof OF Memphis
read lisg oil Cotton Exchanges which woulu be
represented III the Convention by which 1t ap-
pears that since the last meeung the exchanges
OF Shreveport, La, NASHVILLE, Tenn, Norfolk, Va
and Selma, Ala, have joined the ASSOCIATION, ana
each OF these are entitled to two delegates, ac-
corning 10 tue CLASSIFICATION adopted last year,
The following
COTTON EXCHANGES
will be represented In TINS years. Convention -
Mobile, Ala. Charleston, s. O.; Savannah Ga. {;
New Orleans, La; Memphis, Tenn; Baltimore
Mo-; Boston. Mass; Selma. Ala; Montgomery,
Ala; Norfolk, Va; Augusta, Ga; Nashville,
Tenn. Wilmington. N. o.; Charlotte, N, O.; Gin
cinnat. ONO; Sc. Louis, NO.. New York; Phia-
delphla Athens, Ca. Galveston. Texas and Lou
lsvlile, KY. The totai numUer OF Delegates is De-
tween 80 and 100, OF which New Orleans has the
mosi, Ia, savannah. New YORK ana Memphis being
next. In the order named.
The President having been notified that General
Joe Johnson, OF Virginia, Hon. Robert ToOmbs
and General Gilmer, OF Georgia, are now sojourn-
ing at ;ne Springs. stated the act to tue meeting
ana IL was resolved unanimously to invite them 10
participate In the regular DELIBERATIONS.
The meeting OF tue Convention viii take place
at IL A. N. tomorrow.