The Kemper herald. (Scooba, Miss.) 1875-1908, 1907-05-09
GETS INJUNCTION
AGAINST EXCHANGE
r. d. PRICE SUES THE NEW
YORK COTTON EXCHANGE.
MANNER OF CLASSIFYING

MANNER OF CLASSIFYING
Claims that standard used is Improp-
or. Wants Committee to Deliver to
Members Of Exchange . Set Of
Standards Used BY Them in CLASH
flying
New York-Upon application Of
Theodore H. Price, Justice Bischof
granted a temporary injunction re-
straining the classification commit
tee of the New York Cotton Exchange
from classifying cotton by what are
alleged to be improper standards.
Under the order Of Justice Bischoff
the exchange is enjoined from classi-
flying cotton by samples drawn from
bales so long before the time of
classification as to enable them to
become bleachedj from classifying
samples unless the bale from which
they are taken can be identified until
they are compared with proper
grades; or without affording an op-
portunity for comparison with stand
ards of every grade, or from classi-
flying cotton which is understandable
because of sand and dirt.
The order also requires the classi-
fcation committee of the exchange to
deliver to members of the exchange a
set of the standards used by it in
certifying and classifying cotton.
Mr.. Price declares in his petition
that the classifying committees classi-
fed samples which are not so tagged
as to identify the bale from which
each was taken; that the classification
is made by improper standards, and
that the committee is influenced by
Hndue pressure to produce an over
classification in favor of the seller.
He asks that the injunction be made
permanent.
The temporary injunction, which
Mr.. Price has obtained and which he
seeks to have made permanent, en-
joins the New York Cotton Exchange,
its officers, agents and employees and
the classification committee, as fol-
lows:
l. From certifying or classifying
cotton by samples that have been
drawn from bales so long before the
time of such certifcation or classi-
fcation as to enable such samples to
bleach and become not representative
of the contents of the cotton in the
bale from which they were drawn.
2. From certifying or classifying
any samples Of cotton to which there
is not attached some indication, by
tag or other means of Identification
of the bale or bales of cotton which
said sample or samples represent.
3. From making any further certi-
fcation or classification Of any cot
ton whatsoever without reference to
and comparison with proper stand
ards of classification and identifiable
types and examples thereof.
4. From certifying or classifying
any cotton whatsoever without first
providing themselves with standards
of every grade. half-grade or quart
er-grade, whether of white or colored
cotton, deliverable under the rules Of
the New York Cotton Exchange, upon
certificates Of classification made by
said classification of committee.
5. From certifying or classifying
any cotton whatsoever without main
tanning for the inspection Of all mem
bers of the New York Cotton Ex-
change and purchasers of cotton under
New York Cotton Exchange contracts,
for examination and comparison un-
Of standards of every grade, half
grade, or quartergrade Of cotton,
whether white or colored, deliverable
under the rules of the New York
Cotton Exchange, as last aforesaid.
G.. From classifying or certifying
any cotton by improper standards Of
classification or by standards not in
conformity with the standards Of the
New York Cotton Exchange equal IN
quality to the standards established
by said exchange as the basis for
classification and certifcation when
the present system Of classification
and certifcation was adopted, or by
standards below the just and true
standards, which should be maintain
ed by the said exchange.
z. From refusing to make up and
deliver to any member of the cotton
exchange upon reasonable notice a
complete set Of the types if stand
ards used by it in certifying and
classifying cotton.
s. From referring in classifying