Vicksburg weekly herald., 1877-10-26
Side PIeces-AcG1On OF the HIcks
burg Cotton Exchange


Side PIeces-AcsIOn OF the vlcks-
burg Cotton Exchange
We repeat to-day the resolutions OF
the Cotton Exchange, adopted 0 few days
ago, in order TO give them, II possible, a
wider circulation than they obtained at
that time.
The question of Side Pieces has been
sgilated for several months, and dur
ing that time the only Cotton Exchange
throughout the entire country which
has come ont openly and advocated the
planters interest, is our own, and for
that reason more than any other, we
repeat the resolutions Of the Exchange,
% follows:
WHEREAS, As the law OF the United
States requires all cotton conveyed on
steamers carrying passengers strictly Gov
cred, and as the large proportion OF cotton
received q: this point is brought BY such
boats;
And whereas. The resolution Of the Ma.
tlOnal often Exchange proposing re-
ductlon Of three pounds To the bale, was
passed under the mistaken Idea that the
Government regulation ON the subject had
been repealed; therefore be 1t
Resolved, That we have no right or au.
thOrity 10 violate said law, and as II might
lead to litigation with underwriters, con-
sequently side cloths should not be
omitted.
Resolved, That It ls as much or more to
the interest Of the buyer than the planter
that cotton should in all cases be shipped
In condition TO avoid as little damage us
possible.
Resolved, As It is a well established
fact that buyers Of cotton take us much
into consideration in the purchase Of cot
ton-the tare on samo-as they do on
the iTeights or exchanges they have tC
pay.
to make any change In an old and long
established custom, ard are, therefore
opposed TO making any deduction Tor side
pieces,
The question involved, Is one Of i'm
portance 10 the merchant as well al
planter, and the action Of our Exchangt
should be disseminated throughout thr
entire country. Could we have ou
way in the matter, we would call
Convention OF planters, who woul,
undoubtedly say that the measure In
tended 10 be imposed on them is ini
Qnilous, and intended solely TO benefl
either the factor to whom they shipped
or to some favored "COtton Pickery
whose annual receipts would be qnad
rupled, by the damages sustained from
the want of side pieces; while the pro
ducer would find instead of deduction
of three puunds per bale, for the piece
more than double that amount, for cot
ton damaged by the mud and other con
sequences Of handling, either by rive
or rail routes, in transitu TO marke
Ilisa gratifying feature, howeve
in these lroublous times, to find tbs
our cotton market is standing firmly o
the laurels she has heretofore VOL
and instead Of retrogading, as the mt
jority OF places have done, her receip
are on the increase, and that We al
daily handling o larger proportion
cotton than we could In former SCI
sons lay claim to.
A labulated statement taken fro
the books of the Cotton Exchange, al
ending Friday last at noon. shows tn
up to this time last season, out OF 2,
100 bales handled here, there were b
1O,579, which were actually consignt
10 our dealers, tne uhlHuce BoluB
New Orleans, st. Louis or Memphl
This season the receipts, so far, bo
for the local market, or those abroa
have proved to be very much less thi
then, the cause therefor being the bac
ward season, which has prevail
ed all over the cotton belt. I'll
pro rata Of receipts for our loc
market can be arrived OF, however, on
five except the YaEOo river, whiC
has heretofore shipped the great bu
Of her cotton to New Orleans, we fiji
that out of II, ,2S7 bales, which has a
rived here since the lst of SeptembC
Vicksburg merchants have sold so
ofthe whole, and 2,525 of the renal
der have been shipped direct from 4
planters and merchants of the Yaz
10 New Orleans. The question OF o
ability 10 net the cotton planter mo
for his crop, has long ago been settle
II remains now only TO settle the rat
Of freights, and bring into harmony 4
conflicting elements Of our mercantI
class to insure for Us future OF pre-
periiy, the equal OF which no Gil
either North, South, East or West CT
boast.