New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-08-16
saneror Court-sneoiaI Ts,m-Bv judge sedgwiek.
NATIONAL COTTON EXCHANGE.

THE NAVIGATION OF THE MISSISSIPPI RIVER-DR-
sTHUCroN OF COTTON BY CATERPILLARs AND
WORMS.
The National Cotton Exchange Convention
concluded its labors yesterday and adjourned j. b. La
ftte presided. The report Of Committee No. first
discussed, and that part Of relating 10 the compilation
of the monthly crop and acreage reports adopted
also recommendation that the Memphis district he
placed charge of the Central Committee on Informa
ton and statistics. A resolution adopted that the
twenty-eight counties of Georgia be transferred from
the Augusta TO the Savannah Exchange IL was ordered
that the convention be held the third Wpdncs
day in July 1880 The fling Of reports of the product
and condition Of cotton with the Associated Press, or
The 9th of each month, ordered Messrs Irwin OF
Mobile, Johnson of Savannah Hentz, OF New-York
sOss, OF St. Louis, and Gwynn of New-Orleans, were
appointed q committee to petition the Washington sta
tiscal Bureau include in the next report Of
the area Of cotton under cultivation in each State and
county.
The question OF selling cotton by net weight which is
year after year pressed upon the attention Of the trade
from various sources and is considered of great and
increasing Importance, next taken up. Mr. MUIR
dock said that the subject was one OF serious consdera
by the cotton exchanges of the cOtton-grOwlng
States The chairman argued that II the net weight
system prevailed the price Of cotton would advances
per cent The expense Of baiDg cotton added as much
to the cost of cotton the plougnlng OF the land or
picking the crop Legislation was Threatened DIV several
states and trouble mgGt be expected. The planter
mn Il be taught that il was to mis- interest sell by
weight After further discussion IL was resolved THAT
the Gneson of an equitable tare be relegated TO the
various exchange with the request that each appoint
committee to take the matter INTO consideration ana 10
report at the next meeting OF the National Exchange
the results OF their conclusions, together with sug
gcstions they may think proper TO make The same
committees are to consider a resolution of the COnyeu-
ton 1877 regarding the uniform size OF pressDoxes
the standard weight OF bagging, and the number OF
Mr.. Gardner, Of Mobile, stated that owing to the
immense to the people Of the cotton states from
the ravages of insects Injurious to the cotton plant
he offered resolution OF thanks TO Professor Z. V.
Riley Chief OF the United states EntomoORcal Com
mission Tor the interest he has manifested III lhe sub
iect ana the he has made TO institute investga-
lions looking TO remedy or the evil An1ther resqu-
ton stated that the appropriation OF $1,000 10 the Eh
tomological Commission was altogether inadequate for
the purpose intended. and asked that committee be
appointed TO bring tbe matter proper! 70 It %
OF Congress- Mr. Gardner further stated That when the
a small magnitude. but IL had appeared at different
periods and 1916 to 1861 it's injury to the cotton
Such magnitude OF loss OF revenue required
OF money had been saved, citizens OF the South
would not have the stigma To-day, IN some sections 81
were adopted and Messrs. Gardner, Of Mobile, Muir
dock Of NowYork and skinner Of Galveston, were APP
communication was received from John G. Dale,
agent Of the Foreign Marine Insurance Com
ging for packing cotton The texture Is complained 81
as being rough aud open and afording very INSULT
mendng expenses being greatly increased the COTTON
itself su damage and 1t becomes Of less value The
company had suffered from the OF this bagging, and
in instances had made deduction from claims by
way of protest Aresouion was adopteI tnat an Dag-
filed with unroted green snlyes straw, shall be
considered unmerchantatlc.
II was resolved that the Executive Council be in
structed 30 correspond with The proper auth0rles ~
notifications OF the present system OF arbitration
viii make 1t more acceptable to american shippers
The Hon. John PHELPS of NewOrieans offered reso-
luton whicn adopted, that the interests OF com
merce demand that every facility possible be afforded
the movement Of the products OF the country To the
domestic and foreign markets. and that the National
Cotton Exchange petition Congress to AID IN every wise
and practical bic way the Improvement Of the navigation
of tbe Mississippi River and its tributaries. MI Phelps
spoke OF the wonderful success OF Captain Eads IN his
improvements of the Mississippi River, which would
suit in making 1t an inland sea of twenty feet depth
THE MEMBERS AT DINNER.
Members Of the New-York Cotton Exchange enter
tanned tue delegates the National Cotton Exchange
Convention at dinner at Delmonico's last evening
The arran gements made by the committee, Of which
William Woodward, jr., cnairman were very COM
plete. The first toast: The National Cotton Ex-
change was responded to by Mr. Phelps who spoke OF
its Objects and what 1t had already accomplished for
the trade 1.-THE Ncw-YOrk Cotton Exchange" was re-
sponded 10 by Park Commissioner James y. Wenman.
"The Cotton Culture and its Progress In America"
was responded to by William J." Trenholm. OF
Charleston, S. c. He said the bond which brought
the company together of common Interest in
the cotton industry. 1t was proper unite and express
satisfaction that the causes Of difference between the
North and South had been remOyedi and that they
me slightest feeling OF sectional difference. The
where cotton could be produced capable OF being
creased but whe 'her there would Increase de-
pended on the worlds demand. Great anxiety was felt
In the moral progress OF this great industry Ihere was
notbiug Immoral or unbUsnesslike in making future
contracts for the delivery OF any merchandise. While
this was true the business was liable 10 great abuse.
The Labor system Of the South its past aud present
condition" was responded TO by William II. Gardner
of Mobile said that with the results OF the Rebel
lion The condition OF labor had been reversed. Within
brief period the laborer bad become the dominant
power legslaed levied taxes, and scattered bonds
broadcast The one result bankruptcy. The neces
ses OF the case developed coparnershp farming
but this soon proved Improbable and unsatisfactory for
ali ella the other toasts responded TO werei
"The CitNH New-York", by William woodward. 1ri
westD by J. b. Laftte of Orleans The Exporters
OF the United States" by p. Faehrij The City OF g.
Louis the young cotton market OF the West" by j. W.
ParremOre OF st. Louis; Cotton Factors OF America"
by W. w. Gordon. Of savaDnah The Women OF Amer
lea" by Q. J. Murphy