The Savannah morning news., 1904-11-11
HIGHER DUES IN
COTTON EXCHANGE
MAY OBTAIN IN FUTURE.
RECOMMENDATION THAT THEY BE
INCREASED MADE.

AnnuHl meetlnS Wus LbESOAJ ~
acknowledgements of All the stand
ing Committees, of the Superin-
tendent and Vice President, Act
ing in Place of the President,
Were Read-The Election of on
GERS. to Take Place Monday.
The annual meeting of the Savannah
Cotton Exchange was held yesterday
afternoon beginning at O'Clock. 1t
was attended by an unusually large
number of the members of the organ
ization who listened with interest to
the reports of the various committees,
and to those of the secretary and
treasurer, Capt. j. ]. Gaudry and to
Capt. G. P. Walker. vice president,
who because of the absence from the
city of Mr.. j. B. Hoist, the president,
presided.
Possibly of chief interest was the
suggestion of the Finance Committee,
Endorsed by Vice President Walker,
that the dues of the members be in
creased to $50 a year instead of re-
naming at $40.
The order of procedure at the meet
ing was: Reports of the Committees
on Appeals, Finance, Information and
Statistics, Quotations, F. o. B. Quo
tations, Transportation, CHASING Cot
ton, River and Harbor, Meteorology,
Floor, House, Sea Island Cotton. The
superintendent report followed and
then that of Vice President Walker.
The reports show the affairs of the
exchange to be in a very satisfactory
condition; that they meet the approval
of the members was shown by the APP
plause that followed, Capt. Walker
report. This follows;
Vice Presidents Report.
Gentlemen: In the absence of our
honored president. Mr.. ]. B. Hoist. it
becomes my pleasing duty to invite
your attention to the comprehensive re-
ports of your superintendent and stand
ing committees. showing the workings
of the exchange for the past year.
you will observe from the report of
the Finance Committee that owing to
increased Geographic service, the ex-
penses are thereby increased to exceed
our income. and l. would recommend
that their suggestion be adopted to in
crease the annual dues to fifty dollars,
thereby enabling the former financial
condition of the exchange to be main
tanned.
During the year Mr.. A. ]. Ives
was appointed to represent the Cotton
Exchange on a committee from the va
rious commercial and mercantile bod
les in the city, and the city government
of which the Mayor of the city was
chairman, to appeal to the Railroad
Commission in order to prevent dis
elimination in freight rates against
Savannah.
English Spinners Invited.
Pursuant to resolution adopted at
the general meeting of the exchange,
Oct. 3. a joint invitation was sent by
the Mavor of Savannah and the Cot
ton Exchange to the Federation of
Master Spinners' Association of Man
chester, England, to visit our city dur
ing their contemplated visit to the
South.
"At the same meeting a committee
of five was appointed to interview the
leading resident officials of the vari-
GUS railroads terminating at Savannah,
and the resident directors of the Allan
tic Compress Company. with a view
to concert measures by which the ex-
listing block of the movement of cot
in the movement from Savannah ter
minals and presses to steamers would
be remedied.
"Mr. John H. Hunter was appointed
delegate to the convention held in
St. Louis, on Oct. 2S, and composed of
representatives of commercial. mer-
camille, manufacturing and agricultu-
raj bodies, for the purpose of taking
steps to expedite legislation by Con-
gress. as will give relief from unjust
railroad rates and discrimination.
with the continued fair weather in
the harvest season, the cotton crop of
19O4-5 promises to be a record breaker.
Already the receipts at Savannah since
Sept. / to date. amount to 1924,
which would indicate that we are to
receive a million and half bales be-
! fore the season ends"
The election of officers for the COM
ing year will take place Monday.