The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1880-11-27
[LonIsyiIIe Comm,r rcial. !

ltshulaNii't
A called meeting OF the Tobacco Board OF
Trade was held at their rooms Tuesday at-
ternoon, at which all The warehousemep,
thirteen in number, offered their resigna.
ton, Withdrawing from The Board. This
action on the part OF the warehousemen
was the result OF series OF conferences
held among themselves and the natural and
expected outcome Of repeated failures Of
several committees respectively composed
OF buyers and waIehousemen to agree on
he suUject OF warehouse fees and inspec-
ton.
II will be remembered that about a year
and half ago reduction IN fees was made,
buyers paying S1.50 per hogshead, with one
months free storage, instead OF 90 with four
months storage, which they had hitherto
been paying. TIE reduction, at the time,
was regarded somewhat in The light Of an
experiment, in so far as 1t was believed by
some that warehouses could not exist under
the reduced-fee system. The warehouse
men, finding, as they say, that the present
fee is too small, after several meetings and
repeated conferences among themselves, de-
termined upon the step taken Yesterday as
the only means left them TO attain their OBJ
iect. A year ago last May the buyers were
the seeding parties, they leaving in body,
thirty-siX in number, and at that time the
warehousemen made a public statement
and oath to the effect that it was the Board
OF Trade that made this market what it Is
and was, and censured severely the thirty
six seeding members as a clique who were
irving to Iuin the market. After months
OF controversy, in which, qnite naturally,
con siderable acrimOny was INDUCED in on
both sides, a compromise was effected, aS
stated aboye-S1. 80 and one month storage.
Now, the old controversy is renewed, the
warehousemen standing in the position oc'
eupied last time by the buyers.
| The system OF fees, inspection, ana
weights in use at present, is incorporated
| in The constitution and bylaws Of the
Board, so, of course, being in q minority
and not able to repeal the sections in dis
pute, the only course left the seeding par
ties was the one they adopted.
| Immediately after the withdrawal Of the
warehousemen an informal meeting OF buy
ers was held, at which proposition was
submitted so fair, equitable, and apparently
in every way satisfactory, doing justice TO
both sides. that II is very generally and SIN
cerely hoped it may be means OF amicably
and eflectuaIly settling the veXed question:
a question which all parties concerned
would be willing to sacrifice something TO
is SIMPLY TO leave the question OF fees en-
tireIy out OF the Board-of-Trade iurisdic-
ton, and leave it to the warehousemen 10
be settled among themselves, and thus leave
it 10 free competition, 10 be regulated ac-
cordipr 10 the inevitable laws OF supply
and demaUd.
In the matter Of inspection and weights,
this market has a reputation second to none
in the country; in fact, 1t is universally
conceded that no inspection could he faireI
THAN the one Louisville now enjoys. The
manner OF appointing inspectors appears 10
he as fair as il could possibly be made, ap'
pointed as they are by joint committee OF
BUYERS and warchousemen. The warehouse
men now say they will give the buyers 4
guaranteed inspection, claiming the right
OF appointing all inspectors. To parties
not directly connected with the leaf-t0bacco
trade il is difficult 10 realize the importance
OF fair inspection, and no other than an
entirely independent one will, it is thought
maintain The >bigb standard the Louisville
SAMPLES have enjoyed in the past, both al
home and abroad, and buyers will naturally
be slow in accepting any other.
As matters now stand there VIII most
probably be no sale to-day, as buyers can
not legally make purchases from parue'
| who are not memutis VI tuO DV"'" VI
Trade.
1t is hoped, and very generally believed
that in day or two matters will be salts
factorly aud amicably arranged. great faitl
being felt in the proposition to leave th'
Iouestion OF fees-the most important one Il
| the warehOusemen-e entirely to their juris
diction. So intimately are the conflicting
interests bound up, that what tends to de
press one party naturally exercises lik'
influence over the other, and In reality th'
two interests are nearly identical, so that al
will be heartily glad OF any early and salts
factory arrangement.
Should an amicable settlement prove i'm
possible the present position will very IKE
| iy result in the formation OF an independ
ent buyers association and warehouse as
. sociation, the two bodies by Joint commit
tees managing inspection and weights s.
as TO give certain degree OF satisfaction
and confidence, but it is quite generally Tel
that matters will move smoothly along In
day or two.
General Garfield at Church.