Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1902-12-04

agreed to allow New York the substitu-
ton privilege on all cotton from Texas
points by way Of Galveston.
This is a most important matter TO the
local spot market, and viii insure the
handling of a great deal more Texas cot
ton here than formerly.
The Exchange represented by Traffic
Commissioner Mccarthy has been working
for some time 10 secure the consignment.
Following is the circular of the commit
tee. which fully explains the conditions
Of the agreement:
Text of Agreement.
The committee on trade take pleasure IN
announcing that the Morean and Mallory
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 the
surrender OF bill of lading, and paying
the freight TO New York at the tariff
rate from point of shipment to New York,
may, upon surrender Of paid expense bili
10 the steamship line bringing the cotton
into New York. be reshipped TO all east
ern mill points.
First-If reshipment to eastern mill
points, the through rate from the orig
inal point OF shipment, of the cotton to
the point OF destination, to be same as in
effect on a continuous shipment from orig
inal poin. OF shipment TO destination, via
New York applying via the line or lines
over which the cotton moves 10 New
York on the date Of issue of bill of lading
for shipment 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 70 New
York than they would have received on
continuous shipment via New York. in
case the rates beyond New York should
be higher on cotton reshipped from New
York than would be charged on a con-
tinuous shipment from original points 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.
Reshlpment Rules.
second-Reshipment must take place
within 80 days from date Of arrival Of cot
ton in New York.
Third-This arrangement does not in
clude any storage or lighterage charges.
other than those that would have been
borne by the transportation lines, IL the
shipments were continuous from point OF
shipment to point OF destination, and no
responsibility whatever shall rest upon
the line from original point TO shipment to
New York after the warehouse designated
by the consignee or provided for in the
bin OF lading.
Fourth-When reshipment Of cotton is
made. the shipper shall present to the
steamship company bringing the cotton to
New York, the original expense bill and
warehouse receipt, accompanied with an
order TO move the shipment to whatever
destination desired, upon payment to Nor
gan or Mallory lines of the lighterage
charge from the warehouse to the for
warding 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
Fifth-The reshipment OF cotton at the
port Of New York shall apply TO all points
shown I'm arbitrary tariffs OF the Morgan
and Mallory lines.
Shipping misunderstanding of lading
and original shipping receipts should be
marked New York for reshfpment.
IT is quite evident that since the active
work of the department of agriculture
to give out facts in regard TO the crop,
and which will tend to check the specula-
tors and dealers who have heretofore
used large estimates to depress prices,
that the members OF the cotton ex-
changes of New York are trying to en-
gineer other schemes to serve their pur-
pose. The cotton producers must awake
TO the speedy necessity for cooperation,
and organize 10 protect their interests,
which are becoming more imperiled each
year. HARVIE JORDAN.