The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-04-06
THE COTTON EXCHANGE.
The TweOty.fIfth Annual Meeting Was Held
Yesterday.
REPORTS or PRESIDENT AND COMMITTEES
work Done During the Past Year
MISUNDERSTANDING 2,39o,f1
BnIes--NIember shjp.

rual meeting yesterday morning on the
floor OF the exchange. The meeting was
called to order by President Garrow, with
Secretary Warner at his desk. The fol-
lowing members answered present to the
call OF the roll by the secretary: II. w.
Garrow, W. B. Chew w. 3. Read A. l..
Nelms James Adair, Il. r. Richardson, l.,
Hohenthal f. Cargill. c. G. Maingay. c.
p. Peck, Scott Jones NJ. e. Andrews, Sam
McNeill. J A. ziegor, c. II. Lucy q.
Schwartz. II, w. Taylor. w o. Ansley
Captain G. W. Kidd. w. f. Mcclure, w. II.
Robertson, r. II. Dancy, A. Breyer, Cap
tain William Christian, ID N. Barry, W.
V. R. Watson. r. Negroponte W. J. Detre-
Vile. r. Noteworthy. D. b. Cherry, @. w.
Robinson W. NJ. Howard, Theodore Kel-
Ter, W. d, Cleveland, l.. Kaiser.
The annual report of President II. W.
Garrow was read by him as follows:
The Houston Cotton Exchange and Board
OF Trade.
Your directory and the committees
charged with proper conduct of the affairs
of the exchange have attended TO the du-
ties devoMing upon them during the year.
The report OF the secretary shows re-
1.692.427 last year. This shows that Hous-
ton Is still on the onward march as cot
ton center
It is with much pleasure that can call
your attention to the report of the finance
committee, showing the finances OF the ex-
change to be in such condition that VIC dro
enabled TO recommend reduction In fees
for the coming year.
The report of the committee on member
ship shows an increased membership and
gives evidence that interests other thna
cotton are at last taking an active part
in the work which your exchange has been
doing for the business interests aud sub
stantial upbuilding OF our city,
IT Is exceedingly gratifying TO tne OK
change that the work they have SO long
had in hand and in which they have novor
relaxed for ono moment has at last met
with success and our faith In the final re-
suit has been justified. The appropriation
for the ship channel has been made and Il
now rests with the citizens Of Houston
and Harris county as TO whether We will
have the channel or not.
Our city continues to grow and bust
ness to increase This Is the twenty hftt
years OF the existence Of the eXchar &c
and when we look back to the time OF oui
organization and see the growth of tn,
city and The Importance IL has assumed
not only as a cotton market, but as a com.
mercial and financial center of the state
we have much to congratulate ourselves or
as this body has been the center from
which most OF the work has emanated
request that the address delivered b.
Mr.. Christian at the banquet be made par
OF this report. Respectfully
II. w. Garrow
Tho report was unanimously adopted.
The report of Mr.. W. V. r. Watson
chairman of the finance committee wa
49,
account OF the disbursements and receipt
for the past year, and his report showe
the financial affairs of the exchange TO b
In healthy condition. The report of Nh
watson was adopted by a unanimous
vote.
Mr.. Watson. MS chairman of the quota
ton committee, spoke in general wa,
of the good work of this committee.
The report OF Chairman VIM. Christian
OF the membership committee was rea,
and adopted as follows
To President and Members of Houston
Cotton Exchange aud Board of Trade
Your committee on membership beg {
report that the past year has been on
OF monotonous routine. but that they hay
been called upon to consider and deter
mine matters of delicate import and gray
concern to the members of the exchange
anu lutIt nus grown out or the luNeSU
CATION OF these questions referred to a
urgent demand for amendments to tn
constitution clearly and distinctly dehnin
the status and responsibility of principf
and agent. and fixing the responsibility /
case OF any violation of the principles
purposes and rules OF the exchange Thes
amendments have been formulated an
posted on the bulletin, as required. an
should have the unanimous adoption
the meeting,
On March /. 1925. We had ON the ro
SO members; since then have been adde
20, mailing lis; dropped from the roll
making present membership ITO.
We beg to call the attention TO the bus
ness occupation OF the new members
Managers telegraph i. manager packiu
house J. groeers O. general freight agel
I, cotton classers 2, steamship agent
cotton buyers 4, manager cotton agency
brick. coal etc 1. clothing /, boots m
shoes /. attorneys at law ., bankers
editor !, hardware |. dry goods ., cote
weighers 2. merchandise brokers l. co
ton brokers 1, wholesale produce 2, re
estate Investment l. book and stationery
You will note the influx OF business ell
ments other than cotton, which will NAL
the exchange more representative In cha
acter and broaden les influence as a pr
moter OF our city's development.
Your committee accords to our wortl
secretary all the credit due for the lar
accession OF membership during the pa
year and commend him for his zeal al
incessant efforts to add to membershi
and we trust he will continue the go
work until we have 200 members embra
Ing the best element OF our citizenshl
Respectfully submitted,
VIM. Christian.
e.. r. Richardson,
A. l.. helms,
Sam Mcneil.
Another report read and unanimou,
adopted was that OF Mr. G. w. Kid
chairman Of the ship channel commit,
as follows:
To the President and Members OF /
Houston Cotton Exchange and Board
Trade
The report OF tho chairman OF the ST
channel committee VIII be somewhat, b
not altogether, reminiscent besides IL h
been thought well TO keep alive the wo
that has been done by the Houston Colt
Exchange and Board OF Trade for, S
twenty consecutive years, TO secure a
preparations for deep water, while ma
Of the most efficient workers have pass