Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1878-11-28
COTTON EXCHANGE.
Called Meeting YesterdaY-The Flax
Bagging Troubles Discussed and
Committee OF Investigation
Appointed - The Pacific
Hallway Question
Acted Upon.

At half-past three o'clock yesterday after
noon called meeting OF the cotton exchange was
stated that he had call for meeting Of the ex-
change TO consider the fax bagging question The
the daily journals OF tie city. President Petit ad
ded hat the matter before the meeting for con-
sideTation he regarded as question of some mpoI-
lance and desired 10 near from the members.
Mr.. Hanauer remarked that It was subject Of
TRACE OF Memphis. He favored appointing a com
mt-e to investigate the matter. If ssary. the
eJttoif-bagging on hand should be examined; he
was willing 10 expose his cotton bagging. He be-
IleVed that inferior tagging had been sold In this
ton Let the question be between the buyer and the
factor and let the matter be Investigated fully Let
the committee examine both the cotton and the
bagging on hand. He favored committee of FIVE
or seven to consider the important question.
Mr.. Goodwin called for reading of the report of
a committee presented at a previous meeting. The
report was read
Hanauer for committee OF Investigation. Ii was
now too late to consider the question OF driving out
interior max ndgglng from the naTKet he Delleved
that nearly all the merchants OF this city had sold
inferior max bagglng. Good fax bagging can be
made eGt the do not furnish it he
feriOT quality of flax bagging il is claimed has been
carried over from last year. and the manufacturers
assert that no Inferior bagging has been made or
furnished this season. The sale of inferior fax bag
ging must be stopped at all hazards. 1t will not do
10 dock the cotton, but We must be protected and
condemn all inferior qualities OF flax bagging: We
must drive such out of the market or the merchants
of Memphis will lose their trade. He favored Mr..
Hanauer's motion for committee
Mr. Clarence Hunt had heard OF no ompla1nt as
to baggtng shipped by his firm. New Orleans has
not condemned flax bagging, except that of inferi)r
quality.
Mr.. Winchester read communication as to infe-
ror baggtng, which communication was sent him
from his correspondents. The inferior quality Of
baggtDg was Injurious cotton and colored it black.
former investigating committee of the exchange
reported that such inferior bagstng should not be
bought by merchants furnished planters, but still
a large amount OF it has been bought and sold in
this market. II willnot do, and it must be stopped
Mr.. Clark had examined the cotton bagging, but
he found fax bagging of such inferior quality in
use. There were numbers OF complaints, however,
as to Inferior baggiDg.
Mr. Brown stated tnat large portion of the cotton
has already been covered with fax bagging. We
cannot oW strip the cotton of such bagsing and
make the planters pay the damage If we do we Will
MIR. Clark stated that If the cotton had baen kept
dry and compr sSed in time no damage would en-
Our city is ul of cotton, sheds al Il streets
are full Of 1t, and it has been laying Oil in the
rain.
BIr. Goodwin said that the merchants had pur-
chased FAX bagging and sold it TO their customers
They could not now condemn 1t. Should We do so,
matter be settled in the cotton-room You cannot
undertake, at this unreasonable time, to tax the
cotton dollar bale on account OF the flax bag
ging.
President Petit stated that the question before
the meetingW the appointing of committee to in
vestlgate The flax bagging question, The question
was put and carried unanimously. President Petit
appointed the following committee Messrs. l..
Hanauer. D. p Hadden. j. B. Goodwin, R. F. Phillips
George Winchester.
NEW ORLEANS COMMERCIAL CONVENTION
President Petit received the following dispatch:
New ORLEANS, November %, 1878.
President Cotton Exchange, Memphis, Tennessee:
Have you or will you appoint delegates to the New
Orleans commercial convention who are favorable
to the Texas Pacific railway
c. BASKERVILLE,
Agent OF the Texas Pacific Railroad Company.
President Petit introduced Mr. Baskerville, who
adore ssed the meeting on the important subject. He
offered series of resolutions heretofore adopted in
Alabama on their presentation. He stated that
the convention would be held the third of Daeem-
ber and he asked that the meeting select and send
delegates to that convention and to concur in the
resolutions presented by him.
Mr. Goodwin stated that Memphians wanted the
Pac ic road built and wanted the terminus at Mem
phis. If the Texas Pacific road Is not built, are
III favor of any other line of road to the Pacific and
making its terminus in this city. He opposed
to Going anything TO commit themselves to any par
tieuaT line of road at the present time. He not
fy advised as to the entire subject, and could not
vote Understandings on the resolutions
Br. Baskerville took the fipor and made talk eX-
planning the railroad difficulties as between the
peting companies desiring to build the Pacific rail-
road.
The resolutions were not adopted, but President
Petit inst ucted to appoint five delegates to at
tend the New Orleans convention. The names of
the delegates Will BE- announced in due time. On
motion the meeting adjourned sine die