The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-04-07
ANNUAL MEETING
M llouston Cotton Exchange and
board Of Trade.
HOUSTON AS " COTTON MARKET
~ Dfscrimiination by Railroad COM
" naisston--Rcport on the ship
Channel Project.

Tho annual meeting OF the Houston Cot
ton Exchange and Board Of Trade was hell
Yin the rooms OF the exchange yesterday a
0li:3o
Reports showed the affairs OF the OK.
change TO be In excellent condition. tina, o
tho finance committee being PARTICULAR,
yEratifying to the membership. An inttT-
esting report from the chairman OF tht
ship channel committee and the annual
address OF President Garrow were received
with applause. The address Of II. ". Cars
ROW, president, wnp as follows:
To the Members OF the Houston Board OF
Trade and Cotton Exchange. The report Of
the secretary elbows receipts TO AprIl 70
be $751; bales gross, C0la6f bales net,
against i.2SO.CS3 bales gross and 1876
bales net up to the SANS date last year
N1his when werccognisc that the crcp was
short in territory naturally tributary 10
Hoiiston, Is very satisfactory and empha-
sizes the advantages OF Houston as Il mar
Sket and oertififs the buying power located
here. Thorcp0rt shows that while We have
increaaed our net movement ovog last year
4 10000 bnlc., the amount going into Uur
warehouses and Gompresacd here is $1,000
y bales less than last year, This Is due To-
s. the ruling OF the reiroal commission. Your
K directory has done all IL could to have this
X dftriminItiGr removed. but without sue
I cess so far, and while the exceptions TO the
Ii tarff shows concessions to every center In
the State, Houston and Galveston are still
under the ban, We can but hope before
! next eeason that the commission will nee
= the injustice OF their rulings and also the
5 positive Injury TO the cotton industry OF The
State. The york which your exchange uu-
dertook at its organization and to witch
ST has constantly devoted itself. via. the
Z improvement OF Buffalo bayou and the ship
Z channel 60 the gnlf, has reached that point
/ that we can safely say It win be accom-
piished IN the near future.
Z We are justified In saying that we will
have improved terminal facilities before
Z next season.
Your directory and several committees
+ have performed the duties deyolving on
them. Your attention Is especially called
10 the report OF the fInuuce committee
through It's chairman, Mr.. Watson.
Your approval Of the recommendations
made - requested, from which YOU VIII
note tho improved financial condition "
the exchange,
! thank the officers and members OF the
exchange for their kind consideration dur
MS the year Respectfully,
H. W. Garrow.
TO the Houston Cotton Exchange aud Board
OF Trade.
Houston, Texas. April 6.-Gontleineii.
Your ship channel committee begs 10 sub
init the following Thu Importance o,
memcraliz!ng the congress of The United
States for adequaH appropriations TO sc.
cure deep water through Buffalo bayou aud
the ship channel 10 the gulf has been so
thoroughly ventilated by the presg In Tho
months jus, zone by aud by rcGsnt luint
memorial looking 10 the same end II
might seem altperiluous for the ship chan.
mel committee TO submit a report lei this
being obligatory and annually observed, Il
may not ho nIniss TO make a brief resume "
the past, nc many az orr new friends arc
not aware OF the efforts continuously auh
rersls,ently made fer more than twenty
years to improve our waterway 10 the sen.
There We're other pharcals that came 70
reign who knew not Joseph"
On February II, 1881 the Cotton EN-
change and Board of Trade by memorial.
represented the importance of the early I'M
provoment OF the navigation OF Rufialo
bayou from the mouth OF Slmms bayou tho
present terminus OF gulf navigation, 10 The
mouth of White Oak BAYOU. in the city o.
llouston The bsncfccn results OF the cS-
penditures already made upon the shin
channel now In progress OF construction by
TIE United States government in Galveston
bay warrant the beliof that these results
VIII be greatly increased by The extension
Of The work of improyemont TO the city of
Houston The survey recently completed
by the United States engineers demon.
straies the nrncticabllity OF he work al a
reasonable cost. We respectfully rffer toI
the statistics furnished By the secretary OF
this exehange for data showing tho com
merciai position Of the city Of Hnunon ma
the commerce OF Buffalo bayou as demon
airating the necessity OF this Improvement,
and Its value 10 the general trnde OF the
country This memorial among 9TH
statements, goes on to say. Tho larrcly
Increased trade OF Galveston hay indicates
mat upon the removal OF hnrihnns arts ug
from obstruction TO the navigation AZ, lnly
look for II rapid development Thn ers,v
communication thus Afforded az uous,an
with the Gulf Of Mexico through the w
rinus lines of Texas railways centrrin,
nero. and which connect with lines tbrnu II
aaJ0ir,r- States and Territories ard arA
now being constructed into Mexlco. VIII.
We believe. Insure this result" One INN.
dred copies of this memorial were oraeroi
70 be printed and forwarded 10 our rcprc,
sentatives In congress- by the searetarv.
Ncsarber ?. lSSl.--Work knying bser
delayed on tho ship channel, a committees
Of three was appointed 10 confer with s. NJ.
Mnnsficld. United States engineer. It,n
Richard Coke. united States equator nnl
Hon, Roger q NILS, rcnibcr OF cangrrss,
for Investigation.
November IA, 1Sss,--A resolution was
Passed IN favor 81 appropriations TO, deem
wafer over the Galveston har, and In on7c
aapta'n Y . Eads should visit Galveston
20 examine into tho deep water prnbIsn,
hc be invited cordially also to vlslt Hnns.
Tor. This resolution shows how Houston
unl,ed with Galveston III the oliort 10 gs,
orEe aecp water over the lar believing.
should 4 DO accomplished. deep wa,cr
g Honston's vharvss would necessarily
Agnin: IN January 1856. the exchange In
y dorred memorial Of the citIzens 81 Hons.
: zen Y favor q deep water at Galveston, a.
AIs Retolyed, That tho question Of deep VA.
stsy ~ Galveston " ono OF paramount IN.
Bortsrce 70 the commercial lntercsts ~ tha
csiy * Houston and the State Of Tcxaa,
5 The line has ,cntnc when the commeren' ~
~ =. =