The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-03-26
A YEAR OF GOOD TRADE.
PRE- SIDENT J. G. HAAS REPORT TO
THE BOARD OF TRADE.

Savannah Congratulated on It's On
precedented Business Various
Trade Questions Discussed and Rem.
edies Suggested for Existing Evils
The Herbor Improvement - Con-
gresham Lester Thanked.
The board Of trade held its annual meet
ing yesterday afternoon. There was full
attendance Of members. President Isaac
g. Haas submitted his annual report which
was the principal feature of the meeting.
The report, which follows, is a complete
review of the years work of the board, and
in it the president touches upon many mat
ters Of Importance to the various interests
represented.
The condition of your organization, as is in
dicated by the various reports of committees
herewith presented. is in a prosperous and
healthy condition. 1t goes without saying, how
ever, that vita the growth OF the commerce Of
this market commensurate increase in the ex-
pense OF conducting the affairs of the associa-
ton must be expected. and should be provided
Tor. This may be accomplished in either one Of
TWO wsys1an earnest and vigorous effort on the
part OF all members to enlist new membership
or by radical increase of dues. l would be
recreant 10 my duty if l disguised from you a
Tear that we are, from financial standpoint,
seryetlsla indicates the danger of impairing our
capital; an encroachment upon our capital
means, IN my humble opinion, the beginning OF
the end OF the usefulness of this Association.
All prudent governments prepare for war in
times or peace, so We, as conservative business
men, should avert danger by guarding
against it.
CHANGE IN THE FISCAL YEAR.
II is the opinion OF your finance committee,
though not Incorporated in their report, thut
the fiscal year should end with the last day Of
February, and that the annual meetings of the
association be hereafter held on March IS, which
should be followed one week later by the cleo
tlon Tor officers. l concur with them in this,
lnesmuch as it will prevent the complications
incident to the anachronisn now prevalent under
the existing rule.
Your attention is particularly directed to that
part OF the report of the committee on Stats
tics and information, which suggests that GER
tain hours be arranged for the buying and sell
ing OF stocks, bonds. etc, on the floor of this
exchange.
The important suggestion of your committee
on inspection of naval stores, recommending
the adoption of some distinguishing mark for
badly strained rosin-irrespsctive of grades
should meet with more than passing considera-
ton at your hands. Sustaining as this market
does, It's high reputation as to quality and &C
curate inspection. of its naval stores, nothing
should be left undone to shield that reputation
with all possible safeguards.
The spirit of friendliness between our mem
bers is evidenc ed by the fact that neither the
COMMITTEES on arbitration nor the committee on
appeals have had single case for their con-
slderation, and the committee on complaints
have had but two such, both of which were ad-
justed TO the satisfaction of all concerned
AN EVIL IN THE GRAIN TRADE.
My attention has recently been called to an
evil that exists in the grain trade. 1t appears
that the official inspector depends upon the
railroad scales-those weighing a car and its
contents-tor his offic al weights. The result is
gross inaccuracies for which the system and not
should he hpl Fah ba
grain trade owe it to their well merited reputa-
ton, and to the dignity of this mar ket, to sug-
gest and to apply the remedy.
There are other reports-those of the com
mtttees on printing, grain, -four and provisions,
inspection of grain and hay, floor transporta-
ton, marine and yards-that merit your careful
consideration.
That time has passed, in. the era of this Or
ganization, when it could ba considered in the
experimental stage. The Savannah Board of
Trade has come to stay. With this fact indeli-
bly, impressed upon our members does it not
occur to them that would exalt ourselves
and add dignity to the association, by creating
building fund to be ultimately used in the
purchase, or erection, OF suitable quarters for
the occupation of this board of trade.
Representing, as we do, every article of COM
merce dealt in at this port, excepting cotton
our interest in the latter article is only second
airy to those directly interested in t1at COM
modify Consequently, in CONTEMPLATING the
cotton exchange of this city, upon passing the
100000 bale mark, we indirectly felcitate our
Saves upon IDlS unprecedented accomplish
ment.
THE HARBoR'S NEEDS.
Deep water in the channel of our river is the
unquestioned panacea, not only for the COM
merce of tn city, but for that of the entire
state and its contiguous territory. Deep
water means cheap freights, and low freights
mean additional profits to the producer.
Congressman Lester merits the enomiums of
the citizens of Georgia in gen raj and to those
of Savannah in particular, for his indefatigable
Efforts toward the accomplishment of this end.
In conclusion the president extended his
thanks to the various committees for their
efficient services and cooperation; to the
board of directors for their indulgence and
assistance, to the superintendent for his I'M
firing zeal in the interest of the organiza~
ton and to the members of the association,
for their uniform kindness.
Mr.. II. T. Moore offered the following
resolution:
WHEREAS, The quarters now occupied bv the
Savannah Board of Trade are not such as
should be used by "a body of such commercial
imp ortance.
Be it resolved, That the new board of direc-
tors TO be elected in April be instructed, and
they ara hereby authorized to look into the
matter of securing a suitable site with the view
to purchasing same as the permanent home of
the board OF trade of Savannah.