The New Orleans daily Democrat., 1878-11-28
THE COTTON EXCHANGE.
HTS ANNUAL MEETING.


NGW UfleAnS jOttou bAtiihHSe tOOk pIhG5s
There WAS q full attendance Of the members,
Mr.. Perry Nugent, the president, presiding,
and tho utmost harmony prevailed.
It will be seen by the report OF that most
able, efficient and courteous officer, Mr.. I'll. g.
Hester, the secretary, that the membership of
the Exchange consists at the present time OF
21o persons and nineteen visitors During the
past summer the Exchange lost, by death,
five OF It's mernbers, three having died Of the
prevailing epidemic,
From the reports given below, the reader
| cannot but conclude that the Cotton Exchange
Is in most prosperous condition:
President ana secretary's Report.
| To the Members of tho New Orleans Cotton Ex-
! ehAnge
| Heniaemen-Un(lnr the provisions Of article
| Q OF tho bylaws it Is made the duty Of the
| Board OF Directors to lay before you, once q
year. % statement Of the condition and pros
poets of the Exchange, together with such
estimates OF probable expenditures, etc, as
may give q thorough insight into its bust
ness
The task this year Is pleasing ono, as our
institution continues in q very sound and
| healthy condition.
| The annual report OF your Committee on
Membership, submitted herewith, shows little
change In bho combined roll Of members, Wis
/ iting members and paid powers Of attorney,
the admissions during their term having been
within one OF the LOSSES through deaths, res"
Equations or Ohter causes.
Notwithstanding the long siCklY season only
five deaths are reported, and of these but
three from the epidemic,
The reports of the other standing commit
tees which are appended for your approval,
y are Indicative of the harmony that has pre-
vailed among members, and the general
satisfaction that has resulted from the faith
fui enforcement Of your rules and regulations.
i Only one case has been brought before the
ARBITRATION COMMITTEE
and that covering II small amount, involving
question Of equity not directly provided for
by any specific rule.
} In fact practically there has been no dis
putes nud yet for the season under review the
cotton trade Of New Orleans has been the
t largest since the war. The crop was late in
coming forward and the business was
crowded into short space, covering few
months. Notwithstanding this there was no
I confusion or delay to produce msunder-
standings or Roment dscord. Tho
CoMMrrTEE ON INFOEMATION AND STATISTICS
! have lnbored faithfully to maintain and i'm
prove upon your elaborate system oI statls-
tical Information. Their suggestions in re-
latiOn to crop and acreage reDoi is are espe-
cially noticeable They have now under con-
sderation the matter Of now contract TO
? cover the Exchange teegraphic news for the
l ensuing year, but as it was referred TO them
since The date Of their annual report they
!. have as yet been unable to make definite
1 progress.
3 prDoOi tnegrams, and endeavOrs will be made
q to bring about, minor changes. without, how
= ever, making any material alterations In the
system.
: The object of your board has been to watch
: closely the wants Of the Exchange. and when
: ever and wherever practicable to obtain every
intareet nr heneiit TO the tyade To effect this
F., hn1ever there has been no needless expendi-
> HIRE IF finds ae will be seen bv referring to
| the reports OF the
: TREASURER AND FlNAHoE COMMITTED
:, The full report Of the latter preclude5 the
necessity for comment, and we, therefore,
cOnfinn ourselves TO the following brief extract
g I, froru the treasurers books:
,-, ,r7v,,, w ,,o,, r, r,,r,,sc c<roprp
!, i'1oF 40 F'A H''''. lV = 10 A'''A'
- 81 1919
!, Exchnnge proper, from Initiation Tees.
g yea1ly dues hnd other spHrces r.
cluniuR lntntesLpa 1,'th5 iof 1"0iV7 $40 70. o~
Inuntqs enolnR OGthp7f 3l'''-''''' @5s'2Sa c 90 90
super F2lon pt'' '9D po'se' poeep 90 90
= A'7''0 ht0o0'''0" @2 --D2- -
: Total ..............- -s1oz 009 %
n n7se,rsnwuurs FOE rwa,vE MONTHS ENDING,
= DA'D" - 1I.1e.,+.., ~ tn-o
i oclo'h' o. 1''o.
d Exchange proper exclusive II looms
T dor t"eiVe months ehoi'e oo''oor 80. o., O.,
Il - "e'a23 81 90. oz oz
n"attonnt ~ n72 81
l. '1'''' ---
), Total .............. s1O1 1876 %
Il =. -D.,,, .,aon,,o, t,a+ 4,o +ro.,,,ro,,, 40
r IL WIN ~ opSel wy tnttt thS bltaSuteI . Le"
W port was cio5eu ul Iile Ihll " laS y, osDoyen'
since Wnicii u@t6 LLFle llaF9 psfn i'liio lol az
h inn tn $40 mn of whcb there have since been
IL collected $M. 500, leaving balance outstand-
u ing this date November 2G), OF say $7400. It
{ ia probable that most Of the latter will be
! covered uto the treasury within o few days,
- the main cause for many bills for dues not
Il having been paid being the absence OF
% q | parties Ia consequence Of the peculiar cbarac-
70 ter OF the season The prominent feature in
wears financial reduction