New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-09-08
1HErrS IN H4YDLlNG COTTON.
HOW THE PROPOSED SYSTEM OF PROTECTION IS RE-
GARDRD.

unyy TIE PROPOSED SYSTEM OF PROTECTION II RE-
GARDRD.
The Cotton Exchange is much excited over
or ,pproved by the Board Of Managers. which, II Il
claimed will prevent the losses in cotton caused by
.taaling I'm the process OF handling. Ihe pan Is
based upon that in operation in Ne"-Orieans'
and provides for the establishment HHhh the
Exchange OF Bureau OF Supervisors oi CouOh ana le
licensing of all employed in hadng cotton To provide
r this expepse tax Of five cents each bale bought
m me- levied The plan strongly opposed by the larger
,,I.rz in this city i'm fact finds It's main supporters
among those whom the alleged loss in weights does not
affect IL has been openly claimed IN the Exchange tha
the plnn il really to assist certain members or some
Of their friends, IL provides for NUMBER Oh soou S
res So bitter become the opposition that II mas
been decided to settle the matter Dy Do' ~ eo'e
To be held next Tuesday.
foIu H. [nman OF Inman. Swami Co., NO. lOl Pearl
- tbe largest cotton house in he city said that there
os good reason FOR opposition 10 the measure Ills hrm
handled about 100 900 bales of cotton annually and The
tax Of 900 would be pretty heavy Tor one h 10 Dear
eve have men in employ m po'ey to watch cotton
Obliged TO keep them' Ill N D D~ II w0Iid
not otherwise he As seNt tm pto 1000 upon A
trade already taxed .ea(Hy oo"sm, my frn's
his market n would Dr AN Illegal tax anyway, and We
suold contest II in the Courts Ohce AUNT lhe LutnoI
o. i, non tax and there is authority to increase g.
Ti n,Itifv of cotton stolen is much exaggerated We
have no trouble in this particular ana ~ ANY rate tle
ioss does not fall upon the brokers' VINO sup
met the measure. We certainly are the pest
cisto,liaus of orr property. II We Gun
not take care Of II when the entire fespOhaiDllS
ts with Us what projection can DC expected "Aeh IL -
In the charge OF othorst -. o,
Rnhert Nurlorh OF Hail Murdoch, cotton Dealers ~
n, "a Pclrl,t was strongly in favor oi me pan IN
pe,kipe of IT, he sad that several years ago e 'n-
linn of the Board OF Managers was called TO tlls lE'
and every measure was tried q dct"ct men IN lhe
act of stealing Though sometimes uccssiu uhuel lt
Nsv,-Yorx law requiring not only mat the person
snau he caught IN the act but that TIE cotton
,,r,uced i'm Court shall Ice identified "a. the coti"h
sfolen the thieves were never convicted Tue uttcFt
s,.t.r ~ disltelul all, and hiding the hW lntI-
fgrfu, the Board bad recommended ms plau Wlch ~
N.w.o .c9u3 had proved successful when liii pro
nosed There II met with bitter o. position nus now
a., universally approved The report ui hst year vas
"a ,oDd argument, when 10 was SHOWN thit 'he
.eitv CROP" mle from these pcAhss ad 'tealhs7' han
be9n reduced from $4,000 bale, ~ lhr prcNos i'hr to
II 600 The loss of cotton In Newlork averaged rom
600 To 900 bales valued ~ lroh 1u,uuo 10 ,lVOV'
frop which the iuniralers reaped the greatest dement,
TIe s,sern OF supervision would rrnelv tbs, and de-
reason nom the test made 10 propose sven meas,
ure III some OF tue opposlt1n, ho sahl, ~
take pains 60 inquire as to the working oI TINS
,ian In SswOrleans. they would have different
ninion in regard 10 IT, They will ultimately acknJWi-
~ ia worth aud not claim nat an unnec, lry tax n
imnosed lnnu. The prcsent loose system nlch cotton
which would otherwise VhI h'A. Ac' HeIc' "'"'' 0o'
tinue ~ be sent clseWlete.'