New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-04-25
FOR BOSTON EXCHANGE.
FGUOred at National Cotton Manu-
fGcturerS' Meeting.

Boston April 24s-The eighty-second annual meet
ing or the National Association of Cotton Mann
iSeturers opened in Huntington Hail. Massachu-
setts Institute Of Technology to-day for a two
days convention. Many important naDers nm +bo
cotton industry have been prepared The chief So
elal aIfaiF OF the gathering was a dinner at the
Hotel Brunswick this evening
me nrst session was called TO order by James r
1aaUColi or providence. president and after some
preliminary routine business the delegates were
welcomed 10 the Institute OF Technology by the
president Henry Smith PT1tchett while the citv's
welcome was extended by Mayor Fitzgerald
president MacColls address followed and among
the other speakers were Everett w Burdett Of tbis
eltE' Who spoke on Corporations and the Public
welfare: Harvey Stuart Chase. Boston on The
Cost OF Maintenance and Depreciation in Cotton
NILS and Henry K. Roweu. also OF this city.
whose topic was Taxation and Valuation with
Reference TO Industrial Plants"
President MacColl. discussing cotton EXCHANGES
said that in his opinion the time had come when
cotton exchange should be established in New
England where two-thirds of the spindes OF the
country are located. He added:
With excellent port and railroad facilities. either
that is presented. With regular steamer comnn-
nieauon between Southern and New England ports
carrying cotton one way and taking back New Eng
Iand manufacturers and the existence here OF
nv indrnoenf 49, ,,,,5 h nc "a" nlateIial IN
oTny in money and time.
Samuel Z. Hubbard. OF New York. discussed "The
New York Cotton Exchange and It's Contract for
Delivery OF Cotton" He said. in part:
Our market IS usually described as not a cotton
.narket II is well to note that last season sold
more spot cotton 20 exporters and spinners than
ton and Memphis.
We have become the great clearing house OF the
world; our transactions represent cotton IN Bonn
bay ana Alexandria. well in Bremen Liver
pool and the South. II is the highest development
OF commerce that such clearing house exists and
that contracts carried TO the letter We
however. are seldom looked upon merchandise
class or men IN the spinner's mind who only dis
concentrate and forward the raw material are re-
garded as either spectators gamblers-sOme-
what the same idea.
The cotton merchants Of New York are q most
conservative body OF men. They make mistakes, as
do all, but they are the honest mistakes OF a
government at ALL whether in trade or IN the
state.
In discussing Corporations and the Public Wei
fare Everett ". Burdett Of Boston. said
In my opinion. business and professional men
should without reference to their general politics
wholesome measures for the further regulation OF
the railroads Of the country which he may sug-
gest. As radical be IS. he IS. after all the
greatest conservative. because his activity along
these lines viii be the means of delivering from
the unpatriotic and ruinous radicalism OF the I'M
demagogue and the yellow journal.
Among the other speakers to-day were Edward
A. Hartshorn and John Foord. Of New York; c. A.
Gordon, OF Savannah. and Miss Harriet Newell
Wardie OF Philadelphia.