Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1902-12-04
COTTON RATE MADE
THAT AFFECTS
TEXAS
NEW YORK COTTON EXCHANGE
rs SENDING OUT AN EXCEED
INeLY INTERESTING
CIRCULAR.

The New York Cotton Exchange Is
sending out a circular which will be OF
interest to cotton shippers. 1t announces
an arrangement regarding Texas rates.
The arrangement is in the nature Of a
compromise. and is due largely to W. l..
McCarty, special agent for the cotton ex-
change. Mr.. McCarty will be remember
ed as the special agent for Attorney Gem
eral Knox. who looked into the alleged
pooling by different railroads.
The circular is as follows:
To the Members of the New York Cotton
Exchange: 50
The committee on trade takes pleasure
in announcing that the Morgan and NAL
lory lines carrying cotton from all points
in Texas via the port of Galveston agree
to allow the reshipping privilege of cotton
at the port of New York to all eastern
mill points under the following conditions:
Cotton shipped to New York and there
delivered in accordance with and upon
surrender of bill of lading, and paying the
freight to New York at tariff rate from
point of shipment to New York, may, up
on surrender of paid expense bill to the
steamship line bringing the cotton into
New York. be shipped to all eastern mill
points.
If reshipment to eastern mill points, the
through rate from the original point OF
shipment, of the cotton to the point Of
destination, to be same as in effect on
continuous shipment from original point
of shipment to destination. via New York
applying via the line or lines, over which
the cotton moves to New York, on the
date OF issue of bill of lading, for reship-
ment of cotton from New York, provided,
however, that the lines from the original
point of shipment to New York shall not
be required to accept less from original
point of shipment to New York, in case
the rates beyond New York should be
higher on cotton reshipped from New
York than would be charged on con-
tinuous shipment from original point of
shipment to a point of destination, via
New York, on the date of reshipment.
And further provided, that the lines
from the original point of shipment to
New York, shall not be responsible for
prompt forwarding to destination by car
riers beyond New York.
Reshipment must take place within 80
days from date of arrival of cotton in New
York.
This ARRANGEMENT does not include any
storage or lighterage charges, other than
those that would have been borne by the
transportation lines, If the shipments were
continuous from point of shipment to
point of destination, and no responsibility
whatever, shall rest upon the line from
original point Of shipment to New York,
after the cotton has been landed upon
wharf of the warehouse designated by the
consignee or provided for in the bill OF
lading.
When reshipment of cotton is made, the
shipper shall present to the steamship
company bringing the cotton to New York,
the original expense Jill and warehouse re-
ceipt, accompanied with an order to move
the shipment to whatever destination de-
sired, upon payment to Morgan or NAL
lory lines of the lighterage charge from
the warehouse to the forwarding company
from this port and the difference between
the New York rate and the through rate
in effect from original point of shipment
to destination via New York.
The reshipment of cotton at the port OF
New York shall apply to all points shown
in arbitrary tariffs of the Morgan and
Mallory lines.
Bills of lading and original shipping re-
ceipts should be marked New York for re-
shipment. COMMITTEE ON TRADE,
Geo. w. Bailey, Chairman.
Effective Nov 1, 1902. Issued Nov. 20, 1902