Savannah morning news. [volume] (Savannah) 1868-1887, 1883-06-01
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The Classification of Cotton.


The committee recently appointed bv
the New ork Cotton Exchange to con-
slider the question of inspection and clas-
sification of cotton has made two reports.
one signed by the majority and the other
signed by the minority. The majority re-
port declares that some plan should be
adopted whereby cotton once delivered
and classed upon contract shall be deliv-
cradle upon the same classification. The
report says that there should be an in
spector OF cotton who shall be the chair
man of the warehouse and delivery com-
mittee; and that there should be a cIassi-
hcatlon committee composed of three
members of the exchange, experts in cot
ton, to be appointed by the Board of Man
ayers.
The report describes the duties of in
spector of cotton. When called upon he
is to have carefully inspected, sampled in
duplicate, classed and class-marked, have
carefully weighed according to class.
mark, and have delivered to the classif-
cation committee the original samples OF
each grade in separate paper, with the
mark corresponding to that put upon the
bales, accompanied by the shippers mark,
Il Il desired by owner, receiver or shipper.
He is to send duplicate samples
and weighmaster's returns to the
owner. He is to keep a record of
all his inspections, and when the classifi-
cation committee have returned TO
him the samples with their certificate as
to grade, he is to make a record of same
and instruct the warehouseman to issue
his receipt for the cotton in accordance
with the marks, class and weights, In
case the warehouseman has already
issued his receipts according to marks
alone, he is to add thereto the class and
weights, if desired by the owner. when
instructed to do so by the Inspector.
Such warehouse receipt, properly in
dorsed, shall be a good delivery for any
part OF contract as TO grade: and if
the parties to a contract have agreed as
to allowance for loss in weight, the bill
shall be paid in full on presentation of
warehouse receipt on the fifth day after
notice of delivery. But if they have not
agreed as to allowance for loss in weight.
then an approximate amount is TO be paid
on such delivery of warehouse receipt,
and cotton is to be weighed as soon there
after as practicable, or may be weighed
the day before delivery Of documents. A
contract is not to be deliverable from
more than two warehouses.
The decision of the classification COM
mittee as to grade is to be final. Suitable
brands are to be provided for the different
contract grades, and all inspected cotton
is to be branded with the grade as soon
as decided upon by the classification
ton on contract shall be made through the
inspector and classification committee.
but any subsequent delivery of
same cotton shall be made by ware
house receipt. When cotton has
not been previously classed, and notice
for delivery has not been made
before the 25th of the month, or no
notice given; and the amount to be de-
livered is greater than can be received
before the end of the month, owing to the
weather, or any circumstances beyond
the control of the inspector or receiver,
then the latter shall have not exceeding
five days Of the following month to receive
the balance of his contracts.
The cotton exchange is to be RESPONSE
BILE for false packed cotton (if the same
has been inspected by the inspector) to
the last receiver and shipper, if discover
ed on taking 1t out of warehouse, but all
liability shall cease after it has been
shipped away.
The minority report, which is signed by
one member of the committee only, differs
from the majority report mainly on the
question whether there should be two
forms of delivery or only one The former
report holds that the seller should, in all
cases, have cotton prepared and classed
and transfer to buyer by warehouse GER
tificate.