Savannah morning news. [volume] (Savannah) 1868-1887, 1883-11-09

The Annual Meeting-RePOrt of the
President and Board Of Directors
TIE annual meeting Of the Savannah
Cotton Exchange was held last evening
al g O'Clock. the President. Mr.. H. john
ston. presiding. The meeting was Largely
attended by members. The reports oil the
various committees. which were oil an
interesting character, were read, alIeI
which the following report Of the Presi-
dent and Board Of Directors was read Dy
Mr.. Z. F. Bryan. the superintendent;
IT, tfs Members II tts SG-JBRGb Cotton
I5FNTLEMEN-The term If YOUR Board
af Directors l. drawing To close, and II
I-c9mes its duty. in accordance with an
uull custom, To render an account o. Its
stewardship and to draw your attention
% events II interest that have occurred
during the past fiscal year
The administration VI your affairs are
thoroughly st forth in the reports Of COM
mittees Just read which show that your
Exchange il in a prosperous condition.
At the last annual meeting the roll Of
the Exchange numbered $50 members and
seven attorneys. During the year the
following changes have taken place;
Ten members and seven attorneys nave
have been Cancelled by resignation ana
transfer. seven attorneys have been Win
drawn. one membership has been cancel
"a bv expulsion. and the hand Of death
has made TWO vacancies in your ranks
Henry Brigham and James ". LathTOD-
I've commencing the new year with a roll
4 10 members and i've attorneys.
By reference TO the report Of the Finance
Committee you VIII observe that the per-
par value. U 5000, with reserve
fund Of 200. The resources Of the TX
change during the year yielded total IN
come Of ST.. 80 IS, the aggregate ex-
penses during the same period amounting
10 SIl.5I9 10. The Finance Committee
recommend that so be the assessment for
the current year. which Is less than Is
charged by other Exchanges.
Under the direction Of your Floor Com
mittee the interior Of yOur hall mas been
r-dec0rated. some new and attractive
pieces Of furniture have been added, and
other much needed Improvements have
been made. al Of which add materially
~ the appearance Of the Exchange and
the comfort Of its members.
The Information and statistics COM
mitree have improved the service in their
department. there being some complaint
30 reference TO the service Of the IyDee
Telegraph COmpany's reports, which we
trust VIII be- improved and remedIed dur
Il- the incoming year.
The performance Of the other commit
tees has embraced routine work. all Of
which, together with those referred 10,
have been discharged in a very satisfac-
. tory manner.
While it Is pleasing 70 note the crafty
in- increase in trade generally, and that
I the city has made a vigorous stride Tor
ward. in population and in frightening
Z and widening its borders during the past
Veal. the receipts Of cotton at this port,
ont Of the enormous crop Of 1Ss2-S.i, We're
not what they should have been. and the
ratio was far below what naturally be-
longed 10 Savannah.
The total crop Of the season Of 1SSl-S2
l was J.455.04 bales. that Of lSS2-S3 was
/ G.9ty. 80. the excess Of the latter crop
over the former being ,493, I0S bales, or
80 per cent. By reference to the net re-
ceipJs at the principal Out-psrts, as con-
tanned in the subiOined table Of COMPARE
son. it viii readily be perceived which
/ ports received the principal benefit Of the
excess referred to.
10 should be said. in passing, that much
0l the heavy yield Of Texas was due 10
immigration. and il was also we'll
southwest was in comparison much in
! creased over that Of the Atlantic slope,
! which circumstance accounts for the very
heavy percentage in the Gulf ports. 1t Is
/ clear. however. that ports on the At
/ llntic. north Of Savannah. received a
/ heavy increase out Of territory legiti-
mately tributary 10 this port.
| NET RECEIPTS AT CHIEF OCTPORTs FOE TWO
YEARS.