The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-08-14
THE COTTON TRADE.
Meeting of the National Cotton
Exchange in New York.
Consideration Of Reports of Officers
and Committees The Subjects
To Be Discussed.

Convention commenced it's session to-day
John Phelps, Of New Orleans, president
Henry q. Hester, Of the same city, secretary
! After the usual expressions OF greeting a
committee on credentials was appointed, and
recess was then taken to give the commit
| tee time to complete its work.
After short recess the committee on ere.
dentials presented It's report, showing that
they had found the credentials examined
correct. The reportw as adopted.
On motion delegates from the Houston
Cotton Exchange and the Agricultural and
Mechanical Association Of Alabama were
admitted
The New Orleans delegates are Messrs
John Phelps, VIM. Cunningham, VIM. A.
Granger, - Howcott, s. O. Thomas, J }. Stew
art, J. f. Glenny, J. l.. Harris, J.. F. Berje, J.
B. Lafitte, Wm. M. Owen, j. M. Parker, v.
Meyer, VIM. Muller, A. g. Ober.
Mr.. g. Collins was elected assistant secre-
tary. z.=.= : e
The report of the executive council was
read It was an ably written document, and
commenced by alluding to the vast proper
tions which the culture Of cotton had reached
In the United States, and the wonderful ex-
panslon that that branch OF agriculture Is Ca
that the time may not be far distant when the
United States will again have monopoly of
the cotton supply Of the world. The success
that had been achieved so far In the produc-
tfon Of cotton may, with improved maehin-
cry and new Inventions prove only q fraction
of what may be accomplished in the future.
The report Of the secretary was next pre-
sented to the convention.
After it had been read, on motion Of Mr.
Gordon. of Savannah committee of nine
members was appointed tofacilitate the busi-
nees of the convention. Mr. Gordon was
made chairman.
The reports Of the treasurer for 1879 and
1879 were read, and that of statistics fol-
lowed. They were received and referred to
committees.
The committee on crop statements, Thos.
Fl. Hunt chairman, also made report, and
this ended the lat Of reports.
On motion Of Mr.. Gordon, of Savannah, the
convention at 40 O'Clock took d recess until
2 80 p. m.
After recess q committee from the New
York Cotton Exchange, consisting OF Messrs.
Woodruff. Patterson and Brownar, were In
attendance, and extended an invitation to the
delegates to dine at Delmonico's on Friday
evening next. The invitation was accepted.
The committee on business presented their
report, which contained principally q list OF
gentlemen whom they had selected to serve
expedite business. The report was agreed TO.
A communication was read from the treas
urer of the Sea Beach Railroad Company in
viting the delegates to visit Coney Island and
the sea beach on his railroad The invitation
was accepted.
The president suggested that the conven-
tion adjourn till tomorrow morning, when
the business in order will be the election OF
officers.
Mr. McLann, Of Mobile, moved that the
convention adjourn until 10 o'clock to-mor-
row morning, and that the first business then
be the election Of officers, viz: President, vice
president and nine directors.
The motion was adopted, and at p. 10. the
convention adjourned.
AS the Equitable Life Insurance Company
Society will need the room in which the con-
venton met to-day, from II 30 till 3 O'Clock
tomorrow, it is probable that the session OF
the convention will be very brief, and that
members will spend most of the day In puI-
suits Of pleasure.
The following are some subjects which will
be discussed by the convention:
l. That some more uniform method Of COM
piling monthly crop and acreage reports be
adopted, and that each exchange bind itself
to adhere to that method in every respect.
2. That measures be adopted to secure, at
least hiennlally, Information respecting the
actual acreage under cultivation aud the pro-
duct of cotton of each county and parish of
the cotton States
3, That the districts allotted to various ex-
changes be revised
e. That the National Exchange take into
weekly statement Of the visible supply Of cot
ton.
5. That the time of meeting Of the National
Cotton Exchange be fixed on the third We'd
nesday of July.
6. That measures be taken to establish
central committee of arbitration, for the set
tlernent of claims arising in the course of
between members OF constituent
exchanges.
7. That resolution be adopted opposing
the tax upon cotton for side pieces
s. That proper influence be brought to bear
to induce the government to increase the ap-
for the signal service bureau,
and to establish other stations in the cotton
belt
3. The excessive charges Of express com
panies for forwarding cotton samples between
points In the United States.
10. The whole question OF tare on cotton.
and to devise some means to adjust the same.
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