The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-02-11
THE BOARD OF TRADE BILL.
What IL Thought of II.

Considering the publicity which has boen
given TO the measure by the press, and its inn
portance to the business community Of New
Orleans, it is remarkable how few merchants
OF tho city were found who knew anything about
The bill recently introduced into the Jegisla.
ture, entitled ''An act to create the Board of
Trade of the city Of New Orleans
As regards the bill, among those who did
know anything OF 1t, there was q great differ
euce OF opinion, some approving ii as IL reads
others indorsiug certain sections Of il, and still
others expressing themselves as opposed TO the
measure IN toto.
The friends of the bill claim that the want Of
Board of Trade in New Orleans has long been
felt, aud that the proposed board will, il created,
supply this want to the fullest extent. They say
that it is but just and proper that the nero ants
of New Orteaps should have tho control OF the
inspection rad weighing OF produce, and the
appointment of the inspectors, weighers md
Raugera, and that This b II gives them, through
tho Board OF Trade. eatire charge 0f the matter.
They say vesting the board with snthority
ovor the peotions, and the charges for inspec-
ton will benefit tho trade Of the city; first by &C.
curing u thorough and re- liable examination of
pat ges and their cont entH, thereby promo liz
confidence between the buyer and sGller aud
second by enabling them TO reduce tho fees and
costs and lessening the expense OF the shipper,
thereby attracting larger coDsIgnments.
will be enabled to lower the fees and expenses for
examinations, etc, to d figure that will enable
New Orleans, so far as costs on produce received
goes, as cheap market as there is In the coun-
tEy. H.
In addition they cay that The powers conferred
on the board by the bill are those held by o sim
liar organization Ia most OF the large cites o. the
Union, and experience bae showI that these asso.
ciatlous do much to encourage trade and secure
business.
The opponents to tho bill object to the unlim.
tied power over the commerGs Of New Orleans
which 1t gives the board iJ Gre ltes. They con-
tend hat the ause in section four, which reads
as'full ,ws " That this corporation shall be and s
hereby empowered, aud il 10 hereby made its
duty, to establish aud maintain just and co rect
standards OR quality and quantity OF -four, grain,
hay provisions. groceries, LIQUORS. anu such nTfi-
cies otrd es are commonly deaA in ~ members"
and the following clause In section q: TO eyta9-
lish and maintHin uniformity in commercial usage
in the city II New Orleans, to correct abuses nd
promote just and equitable trnciplss OF trade,
etc. gives the board tho right 10 es ablish rules
and regulations for the transaction Of any and
every tusiaess, excepting tho cotton burihes',
and gives In III the right to control and grade
every articls of marchandiae in which any one ol
its members may deal.
Tnty tny that q merchant to have r voice jn the
management or bis ba5ine8a would bo bound
whether he wish 10 Or not, to become q mem'
Dor Of the Il lasd.
hey tbigct to those sections which makes The
inspection OF srme articles obligatory, and CON
Soud tGat the only just md equlta bio rule which
cDould be esJa abislled would be one leaving the
question # inspection to be decided by buyer sno
b, ler
These arc the main objections to the bill, and
they will bo pres sented TO the Legi l4trre as q
memorial, whIcn was in circulation among the
merchants yesterday.
10 enabl5 those merchants who have not vel
done so to become acquainted with tho bill, full
and complete synopsis IF the bill 10 given IL
another column Of the DEMOCRAT.