New-York tribune., 1877-05-03
LOCAL MISCELLANY.
ABUSES IN COTTON HANDLING.
APLAN TO PREVENT loss by DISHONESTY.

In consequence of an appeal signed 10y many
Of the leading cotton houses OF this city the members Of
the Cotton Exchange met yesterday to consider the pan
OF Supervisory Department Of the Exchange as recon
meuded by the Board Of Managers The board ON April
10 went very carefully the rules proposed by the
merchants who signed the appeal and after some amend
ent accepted the plan, but In view Of the Importance
Of the subject resolved before finally adopting IT, to lay
the matter before the Exchange Tor its approval WINCH
IL was believed would put stop TO practices Wich h'o
become reproach the cotton trade OF this port That
such practices exist there is no doubt but very rev nave
any idea Of the extent TO which they carried and the
heavy pccmary losses inflicted through them upon inc
trade The subject has attracted the attention oi every
Board of Managers for several seasons The present board
concluded that the Exchange must take the cure OF TINS
evil into its own hands, and obtain complete control
OF all persons engaged in the actual handling OF cotton
and make them responsible TO the Exchange for the
faithful discharge OF the obligations assumed in apply
lnc for licenses Following are the principal points IN
the proposed rules: WaIehousemen SHAH exercise at
all times general supervision receipts ana deN-
cries cotton at their premises. Being trustees OF
ali cotton there they generally responsible Tor t
protection until removed 10y order of its through
the agency Of duly licensed persons They SHAH see that
10 samples drawn, and that delivery Is made to
any other person They take charge OF and Wegh
all loose cotton top samples and pc6uSs, and hold then
subject to the order Of the When cotton is or
dered sampled 10y the owner I'm or al warehouse they
shall not allow more than set Of samples to
be drawn unless the sampler delivers a writ
ten order for two or sets. Samples SHAH
not exceed six ounces in weight except in deliveries on
contract when II ounces hc drawn in one ~uile'
aud that sample broken ia half. They shall see i1l N"
cotton is their premises by any person en-
pl0yCd in receiving, delivering OF samuhS OtHtt "dU
the samples they have weighed. They shall weigh anb
record the weight OF such samples as well ms be WthI
OF any top samples or other loose cotton left by the
sampler, and these shall DE properly itcoi"e" ia IT,
ported 10 tIc assistant supcr'isor -, - -
Wcighers % that al unnecessary bagGins Is re
moved from bales before they arc weighed 0 IAN ana
equitable deduction shall bee made Tor its weight. Ihel
snail see that no persons cmWoNtu bS th.n iahc any
cotton: their duty is strictly To assist IN weighing ana
tlnv not DC permitted 10 pa any cotton ifom Inc
bales.
receiving, or d.lNeuns cotton, they shaH luI
draw heavier sample than SIX ounces. nor
hc permitted 10 take away any cotton what
over except tue samples referred To- TIE duties %. tu-
cs ana lNohh'h are .'h pi'H,' ..u III I' . "a i;I'
Department tO consist O. chiri supervisor ara ms as
and many assistant supervisors am" CLERKS aS
may "e necessary ON ui deliveries 'iie ices I'l S'iI
vision Of cotton shall he live ccuis hlc 10 d. pHI N
th. dcjvCrcr. and five cents by the receiver All c"oh
f. transit shall Doe supervised request Of the owner
the fees To- bc 10 cent, a Dale. 80
IL was decidtd that the Bureau of supervision should
be .efsupportuC. The s. stem, U stated, was MOI
an experiment Wtilcd elsewhere, bul Us hcurIlcal
Il had been nsabl shed rTecuarues and los, u weight
had ceased aud Icc.aMations rom abroad lad become
rare While The contract system, ty ITS perfection ana
the magnitude ol the opri"liullS' tui uvtu 10 "a i
exjtut the future OF plCe- tIOu-hout lt "u4iG tht
where Buycrs avoided the New-Nork market and own
ers afraid % cOnsn Their property g. tnis cN ic,t
the loss WC- -ht should absorb an u;fshS Tor lNout
II was cStulicI hat through The iircgudi titles OF sin
ling, weighing, &c, fully 10000 bales Of cotton were .ost
worthy assurances given t.a the would hC lu-
estv handled, couid be reasonably hoped that the re
cclp Of cotton 20 THIS port would increase ana bibE It
ueVed prosperity tOueIChaujS and brokers.
After considerable discussion committee OF l\r was
10 The fcasibIty of the couccDtAuo Of storage Tins
committee Is TO report on Jsn' l.