Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-07-20
COTTON MEN ASK
REF FORMS ABROAD.
Changes in Methods of Arbi-
trating Claims Urged in Res
oIutions at Conference.

NEW YORK. July 2O.-At a meeting
of representatives of Al cotton eN-
changes of the country at the New
York Cotton Exchange here change
IN present methods used by foreign
cotton exchanges in arbitrating claims
growing out Of cotton shipments abroad
looking to more equitable treatment OF
American interests. was strongly rec
commended.
Resolutions were adopted setting
forth the reforms desired by the Ameri-
can cotton exchanges, and these reso-
lutions we're sent to the Liverpool Cot
ton association and to the Bremen and
Havre cotton exchanges for considera-
ton. George W. Neville. president of
the New York Cotton Exchange. who is
to sail for Europe next week, was au-
thorized TO use his efforts while abroad
to bring about conference OF all Eu-
ropean and American exchanges early
in 1918 in an endeavor to arrive at some
working agreement in time for the
crop of 1894
The resolutions regarding the pro-
posed reforms in arbitration follow:
Want Experts on Committees.
That Liverpool, Bremen and Havre
arbitration appeal committees, to be
composed Of salaried employees Of such
exchanges, who shall be expert cotton
classeis. shall give their entire time to
such work and have no other interest
in any way connected with cotton.
Unless otherwise stipulated in the
chi,
be conducted on the basis of official
differences ruling in the respective re-
ceiving markets on the dates of sale
Application for arbitration to be
dated and sealed arbitration samples
sent 10 arbitration committee within
ten days of last date OF landing.
An arbitration must be held within
twenty days of the date OF application.
That Havre be requested to adopt the
Liverpool and Bremen method Of du-
plicate sealed samples. That present
ruling of allowing three points for diff
ferences between American uncom-
pressed samples and foreign redrawn
compressed samples be changed to an
allowance of one-quarter OF middling
and above, and one-half grade on
RIduBS DetON iIliutkiliibs same ~ NC VIZ
Quoted from any award made and not
to be considered in making the award
Standardization Asked
We recommend that all cotton in
terests work toward the Standardized
ton Of classification of American cot
ton of all growths. which shall be
world wide
That in all cases when any ship
ments are tared by the receiver. if no
excess tare is established all taring
charges must be paid by the receiver
includiug the sellers supervision ex-
penses.
That examination of bales for excess
tare must be conducted at the time Of
weighing said bales, and that in
weighing the tare allowance must be
made for any moisture therein.
That where cotton is arbtrated and
penalties assessed in addition TO the
grade differences the seller shall have
the option of accepting rejection and
replacing in receiving markets within
markets which quality sold
The shipper shall not be required to
pay any arbitration fees except where
the allowances exceed double the
amount of such fees
In the adjustment of weight out
turned and in the event of cotton being
tared. any deficiency of actual tare
from tsre agreed upon shall be de-
Quoted from any claim for loss of
weight on such shipments
We request the Liverpool associa-
ton TO rescind the antiquated rules in
regard to double draft
That the Liverpool, Bremen and
'Havre exchanges be requested to allow
ten days to appeal from arbitration.