The New York herald., 1877-07-22
NATIONAL COTTON EXCHANGE.
CONGRESSIONAL AID ASKED FOR THE TEXAS
PACIFIC RAILRoAD--cLosE OF THE SESSION.
GRKHSBRIxR. WHITE SULPHUR srRISGsl

CONGRESSIONAL AID ASKED FOR THE TEXAS
PACIFIC RAILRoAD--cLosE OF THE SESSION
GRKESBRIxR. WHITE SULPHUR SrRIxGs,l
West Va. July 81, 1877. G.
In the National Cotton Exchange to.day General
Busy, Of New Orleans, introduced q preamble and
resolutions setting forth the vital Importance OF the
early completion OF tho Texas Pacific Railroad from
Shreveport La to San Diego CAL the insIgncancc OF
the aid asked by Colonel Thomas A. Scott when com
pared 10 the importance OF this great enterprise and
recommending tho subject 10 the attention OF
Congress- and requesting Senators and Representatives
to use best efforts to the passage at tho
next session Congress OF the bill now before that
body, granting Aid to the said Texas Pacific road.
Adopted-Ycas, 26 nays 10
AGRICULTURAL BUREAUS AND STATISTICS
Mr. Henry G. Hester, oi Now Orleans, submitted q
series OF resolutions recommending constituent ex-
changes 10 take such action Will influence aud lead
TO the establishment In all the cotton States OF agrcu
tura bureaus similar 10 the ono now In successful op
Grafton IN Georgia; appointing committee Of i've
10 memorabilia Congress IN favor OF more
rendering complete aad cicicni tho work OF tho
statistical DIVISION OF tho Department OF AgrIcuur
Washington also directing The officers OF this Con-
vention to correspond with the Agriculture Bureau
Washington with the view OF having thoroughly in
vcsIested and published the character and habits OF
the cotton carterpillar, boil worm and all orms Of
nic that prey the cotton plant and fruit, ia
that may be arrived Tor rolcf from their
ravagos ALI were adopted
MARGINS on CONTRACTS
John Nisbet OF Savannah. offered a resolution In
dorsing tho views Oi the International Cotton Conve
tiop expressed in favor OF establishing system Of
''margius' on contracts bought or sold Ia Liverpool
which was adopted
SPECIE RESUMPTION.
resolution that tho AGRICULTURAL and business IN
tcrests OF the country would be best subserved by
indefinite postponement OF the resumption OF specie
payment was iald on the table.
TELEGRAPH AnALGAMATIox
The committee to whom was referred the subject Of
opposing the amaeamation OF the Direct Cab.c Com
pany with any other company reported agains, the
ndvisabty OF taking such at present uch
as they have information through the Secretary OF
STATE that the federal governments has tho subject 10
lore IT, The committee was discharged.
BILLS or LADING.
Mr. Whitlock, OF New YORK, submitted the roport of
the Committee op Foreign and Domestic Bills OF Lad
Ing, which, after full discussion adopted. The re-
port embraces the text OF bill TO Uc presented
gross Tor the better security OF bills Of iading aud
otner commercial Instruments, aud TO PUNISH
fraud IN connection thcrcwitn. Tho bill IL In
tended TO supersede a bill submitted to Congr
by the New York Chamber OF Commerce, which
positively opposes the advice OF the letter OF counsel
Ms presented by the chairman OF their COMMITTEE
asrnuch IL makes the bill OF aiiDg warehouse re.
ceIpt, &c, paper IN the character of u bank note
CON- &C. transferable IRON hand TO hand anu releases
the party or parties 10 the contract WHO among
those most particularly interested In tho knowledge
and guarantee OF It's fuinlment In other words,
the mon law rule now prevails the owner OF stolen
or misapproprmted properly may follow prove oh
tain possession OF title and nod the property. TINS II
Is proposed the bill row offered shall continue.
CLOSING BrsixEss.
Selection OF tho ne At place OF biennial meeting
lett To the Executive Council. Resolutions OF thanks
To officers OF the Exchange, propricors OF the Whito
adopted.
Tho Exchange then adjourned sine die