The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-07-22
National Cotton Exchange Con.
VOnttOn

ventiOn.
st. Louis, July 20.-The executive com,
mlt!ee Of The National cotton exchange me,
in the Southern hotel about II o'clock this
morning, and after trans' citing some private
business adjourned. The fifth annual con.
yention Of exchange then convened in the
ladies' ordinary Of the hotel, and WAS called
to order by T. Lsfette, president, who
delivered his annual address, alter
which committees we're appointed and
other business transacted. The president
in his address alluded vory patheicslly to
the late murderous arsault upon General
Garfield, charactt rizing it as a blow struck
at the stability of our institutions and the
introduction of uncertainty into the COM
commercial circles. La Europe, he said, the
assassination of ruler was but the sub.
stitntion of an execution for an
other change that would have
taken place under the law of nations, but in
this country it is nullfcstion of tho ex.
press will Of the people by the ect of a
scoundrel, and might change the whole
policy of the government and might unsettle
every business interest.
st. Louis, July 2l.-The report of the
executive council 10 the cotton convention
yesterday repeats considerable part of that
OF 1879, especially calling for the extension
and the careful fostering of the agricultural
and signal service bureaux. 1t states that
the Washington agricultural bureau, as 1t
now exists, is of material service 10 the
people, but II is hampered by mistaken
economy Of congress, which has furnished Il
with means too small for the proper accom-
plishment of its objects, and unless some i'm.
provement can be effected monthly, in the
reports of that bureau, they should be abol-
lshed. 1t also recommends revision of the
International Standards report OF the com.
mittee Cd information and statistics, com
planned Of the great variance in the state
meDt made by different persons regarding
crops, and suggested different system Of
dis'rIctiDg, which would keep paris of one
state from being lodged into those Of another
state.
These reports are furnished and circulated
by the associated press but the committee
thought they ei her ought TO be made much
better or abolished alt, ge,ber.
The tressure''s report showed prosperous
financial tondl ion # lhe,x ge.
At the evening session the following off,
GERS were elected for the ensuing two years: (:
President, IL uis Bush. Of New Orleans;
vice president, Henry Ghent, of New York;
executive council, CG Elliott, Norfolk; W
h Gardner, Mobile; 8 X McIlhenny. Hous-
ton; Il NJ Sen,er, y. Loui.;J F Wheaton,
Savannah; Ge. rye s Ermon, Cinciona'; j
B Spinner, Galveston; s A @. mpbell, Vlcks.
burg; Jno II Clisby, Montgomery. This
council will elect u secretary and treas-
urer.
The National cotton exchange met again
this morning. The executive council re-
ported that they had reelected Henry @,
Hester secretary and elected Thomas q.
Airy. Of New Orleai Q, treasurer. They ap.
propriated % $50 20 expenses, and for The
years 1880 and 1881 recommended that an
assessment Of $40 DO made on each member
Of the National exchange.
The committee on crop reports stated that
they concurred with the secretary in his
etstistical reports.
The meeting Of one expert from each
constituent exchange and two delegates from
New Orleans and New York, was fixed u
meet at New York. August 18Th, for the
purpose OF establishing q standard.
committee Of thiee was appointed 10
memorsize congress for An appropriation
10 s,sblish stations throughout the south,
10 furnish additional crop reports, and II was
recommended that locsl exchanges be re-.
quested 10 use their efforts for this pur.
pose.
Various business committees reported on
subjects referred to them and af,cr some fur
ther unimpor,snt proceedings, ihe conven-
ton adjourned sine die. The place Of meet
Ing Of tho next convention will be determ.
ined by the executive council.
After adjournment the delegates visi,ed
the Merchants exchsngo by invitation, and
were Informally received BY President Nc.
Ennis and other officers Of that body,