The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-06-06
COTTON SEED CRUSHERS.
Annual Meeting, Held at Galveston,
Is at an End.
A NEW PLAN FOR ARBITRATION.
Mutual Insurance Company Feature Was
the Cause Of Much Diseussion-kew
Officers Were Elected.


Tcday's session was promptly convened
at 10 a. M. President Kyser in the chair.
The order OF business was immediately
taken M. This consisted of reading com
munlcations, resolutions the election OF
officers and an executive committees.
President Kyser presented an Invitation
from Martin cordially inviting the associa.
ton to meet IN that city next wear. ami
urging acceptance. plcdging Martins un-
bounded hospitality would he extended 10
the association and It's members.
The communication was received aud re.
terred to the executive committee. which is
charged With selecting the next annual
meeting place.
communication was received from MIR
J. H. peniSon, agent of the Mallory steam
ship line, cordially inviting The association
to visit the steamship Alamo and l.spcct
the docks of the Mallory company. rho
communication was received with applause
mud the invitation accepted No other COM
nluulcatlonS having been received. the Coa-
Ncntiun proceeded with unfinished business
which was the amending Of the constitution
ana the mutual Insurance plan.
motion WIS made ana seconded to
strike out article and make ar,iclc q read
rs article D This was adopted. Article -
thus becomes void ms Ia It's iptents aud pur.
poses under tho new rules adopted.
Section . reads as follows: At The begin
ning or each year tho president shall Az
point committee Of arbitati. n TO tonsi Il
o, thirteen members, 10 whom all quest 5
OF controversy shall he referred Three
members OF this committee, named 10y the
president, shall form q Quor.m whose de-
clsion shall Zoe final. The actual expenses
81 the members of The committee m tn,
discharge Of their duties shall he bcrnc ~
the loser. In case the parties fnl on r..
fuse 10 agree upon samples either party TO
the controversy may inS rugt The secretary
OF the association to proceed TO the 10 n
OF difficulty and draw samples which shall
govern. aud the actual expenses involved la
SO doing shall he paid hv the loser
The new rule eliminates the COMM tee
Of nticcn, and provides where any dispute,
arise between the seller and buyer the
palntlI IN the matter hlcs his complaint
WIN the other party, who answers In a
similar manner Each then select an arbi-
! traitor and II they fan In agreement the
third man Is selected By the two and ic
! agreement reached by such arbitration sIat
he mai This greatly slmplihes matters
ana makes speedy settlement OF the Ques-
! tion ut Issue.
The mutual insurance feature. which pro.
Noked lively discussion I'm the afternoon
session Yesterday, then came up for con.
sheraton. \ motion WAS made empower
ing the directors charged with formulating
me plans OF the embryo Mutual Fire lnsut.
ance company TO draw from the TREASURY
~ lhe association a sum not exceeding
5000, which sum was to he used in dcfray,
ing the expenses of completing the or
ganizaton Of the mutual nrc insurance
company. The motion Was amended and
provision made binding the directors to
said sum to the treasury OF the association
in case the plan to organize mutual fire
Insurance company proved To he success
( The original motion as amended was adopt
ed by vote OF 81 to II. motion was
! thercCpon made 10 declare the vote unani-
NOUS despite a few objections, Twenty
eight companies have subscribed 5000 TO
/ the mutual plan of insurance under the fol.
( lowing conditions:
/ We the undersigned, agree 10 go into the
organizations OF mutual IRE insurance
( company for the cotton seed crusrrs Of
Texas, To take policy In the amount set
opposite our names according 10 the COM
Mt Galveston on The 18th DAY Of june 1907,
not to be binding until prospectus is sun
mltted to the managers OF the mills Of the
State of Texas and the territories and ap.
proved by tGc directors Of the mills
/ Empire Min company, Waxahnchie Cotton
company, Royse Cotton oil company, Plant
/ ers' Cotton OH company, Alvarado; Staley
! Cotton OH company. Staltyi Gibson GIN
/ and oil company, Calvert; Farmers Cotton
/ on company, Ciebulnc Van Astyue Cotton
/ OH company, Van Alstyuc; Georgetown
I Cotton on company, Georgetown; La
Grange Cotton and Manufacturing company,
La Grange; Smithyiilo OIL company, smith
Vile; Bartlett OF Mil company, Bartlett;
NcGrcgor Cotton on company, MCGtegur;
a Midlothian Cotton OH company Midlothian,
Houston Cotton Uu company. Houston;
:
Galdwoll cotton oil company. Caldwell;
Fort Worth Cotton oil company, Fort
Worth. Mount Caln Cotton oil company,
Nil compopy. brennan; Lancaster Cotton
oil comnntIy' Lancaster; Meitens Co.Opera.
I live Gin ana oil company, Mcrtens; Vic.
,o,i, Gntton OH company, Victoria; Tyler
Vniion oil company, Tyler; Tyler OH
I N,E ,rvior
Tha Caidvcu OH company subscrib, a
$3.50. The insurance being settled in as
lar as 1t was in the province OF the asso
~, next thing In order was the cleo.
tia, OF officers Of the association and an
o ~ - Committee for the ensuing yenr.
! T,o of,,cers eIac,ed are: L. Ii. Railry Of
~ ~ nresidrntt # ". WaJdilI of Tyler
49,, LIS, n,!n.sident. Rol,ert Gibson of Dniins
sac,atprv. n X Erwin OF Waxahnchie
treasurer: Inter two we're reelected.
ota,,nd arc az follows, / " Allison of
Ennjs r. g Collier Of Dallas W. ID. Ky,
! -, ~ Martin Marion SAMSON OF Alya.a,
4rt nffi nin