The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1905-02-08

Orleans, the Leading Cotton Exchange
in the United States, was the sub
iect of an address by Hon. A. Brit.
tin, president bf New Orleans Cot
ton Exchange. Mr.. Brittin said:
The birth ef,onr exchange was coin-
oiaent with q new trade situation. an
evolution arising from changed com
ditions following the civil war. Rail-
roads were supplanting steamboats, in
the carrying trade. The early and
hurried marketing Of the crop in the
first months Of the Drop year made
an altered situation which required
the application Of new methods in
handling the staple.
TO MEET ISSUE.
The exchange came into being to
meet such an issue; TO bring to the
South the benefit of modern methods
which saved TO the toiler 10 the cot-
ton fields millions OF hard earned dol
lars 9orr.srly engulfed in the cost Of
marketing cotton; 60 retain IN the
cotton belt the control Of its own
great staple, and Co conduct o cam
paign Of education which he's dnslly
placed the man behind the ploy on
the same level as she merchant or
|eaancisr who expended thousands Cor
infosmation which now at 6 small cost
is within reach OF the loWliest member
Of the trade and is daily flashed over
the wires 20 nearly every village and
hamlet Id the cotton growing regions.
This, it was recognized, was che only
means Of Wrestling from centres fts
removed from the cotton belt and
from acrosa the Atlantic the power 20
dictate she price of cotton while the
crop was being marketed, and TO adj
vance il. for speculative purposes sitter
it had passed from the hands Of the
producer. It WAS shis campaign Of
education inaugurated by the New
Orleans Cotton Exchange, SO ably
seconded by other institutions
Afterwards inaugurateaa leading
southern centres, which has made
possible great convention, suoh asfI
am now addreaaing; for there iis not 81
man within tho sound or my voice
o!does NOT know today 90 much OF
more abort cess q. |; ;tsss ;;tsss Taius I'M IN the
great marts of the world, its movement
to market End other important prin-
ciples connected there with than many
Of the foremost nero chants and fnans
oiers did insthe days3b eeors, cotton OK
changes. It: ID to The NsW Orleans
Gotten zshange chat statiBtics for
merly eneoInpassed in darkness ere
now as clear, 40 tho noondny sun, 40
that he who runs may read aud de-.
eide for ihimself what are! his own best
intsrssts.
Onesof The great benefits resulting.
iI,i naB ION the bringing
] ofpyodncsrs into closeT touch with
consumers, the Enaaufa factnrer Thus
avoiding il great nieaBare the hitherto
:sarsssssss y and expenae of the middle
g ;as tin is i % nl,os 80, allow nae TO
gspsak further AID detail will not
weary on with 81 long sesisal ESQ The
3extenRiRe commerce ose our exc hanga.
sIn 8 word i, &c covers i a j not only nearly d
Ifourth of the colt tpn crop Of the South,
(Which annually pasaes ovsT cur ss,ihay.
ives, but hundreds os tlouaands Of
Hbales puroh ohased BY onrs nemb bsFas and
Nshippea acrogs tha country byI nearest
ors more oonyanient go,nts to ths
buorld Is apindl dlsgs s. i:
yrAnss on
20 maintain this hprsrnGascy ass Tie lie
Egreats sassisan mara eli ssarthe aala
pf coston to ohtinue and increase
New Orleans ap ta ii great CONNIE ksial
lhefronpI n :, !. I; :.
gerye the pria d III ii which sh aontil. il
rn people look Upon tii tii,eirls great sne. ne
fopolis hss COST ays, mont ehs gana
!. earasof ceaaelpss sigilsnoa, boring
J Bnd fghtipg n ga;nat odd Wbic ii
biRea sas:sssa ansug nonnta bus
! esysoyk ksd J togst hsr bsses,alsts to breast,
Intimate by tas spirit of 81 Mons sirss itis.