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action of the English bankers on Au
gust 29, last, when that body adopted
a resolution providing that they would
advance no more money on cotton ex
eept on bills of lading of the follow
ing form:
(a) Bills of lading for cotton from
interior points in which is shown the
continuity of the shipment, every car
rier being named therein.
(b) Port bills of lading, signed by
the captain of the ship at the port of
shipment after the receipt of the cot
ton on board ship.
It is also recommended rliat Ameri
can shippers route their cotton direct
from gulf ports via the Manchester
canal, so that it may be carried by
a 11-water route direct to the spinner
at Manchester, England.
The practice of certain insurance
companies in limiting the risk on car
goes of cotton was condemned.
Uniform Classification of American
Cotton.
- The committee which considered the
question of uniform classification of
American cotton made a report, which
was adopted in the following shape:
‘‘That standard types should be
■* adopted either by the United States
government or by an association of
delegates from cotton exchanges, cot
ton growers and cotton spinners, and
that the classification should be made
upon grade and color alone, and not
upon staple.”
Cotton Contracts.
“This committee, having considered
the question of cotton contracts, is
unanimously of opinion:
“1. That standard contracts for
50,000 pounds net weight should be
adopted in place of the present cus
tom of 100 bales.
“2. That the net weight tenerable
shall not exceed 1 percent above or
below the standard weight contracted
ifor.
“3. That in ascertaining the net
weight,, actual tare, canvas and bands
(bagging and ties) be allowed.
“I. That the present 1 per cent,
franchise danse be abolished.
“5. That whereas, the question of
the excessive amount of damp in
American cotton, and the inadequate
allowance for same under existing va
rious cotton exchange rules are of se
rious importance to spinners, this com
mittee is of opinion that steps should
' J be taken by the various associations
here represented with a view to rem
-1 Vdying the evil of excessive damp and
placing the question of claims as ad
justed under the present rules of the
exchanges cn a more equitable basis.”
Buying and Selling.
The report of the sectional com
mittee on buying and selling was final
ly adopted in the following shape,
the rlseutocingmfrom shrdlu cmfwyp
the resolution of Mr. Heflin, which
was made the last section in the com
mittee’s report, having been laid on
the table by the convention:
■ Equitable Tare —We beg to advise
that in order to secure an equitable
tare on cotton we encourage buying
by net weight and recommend that
“the national executive committee of
\ the Farmers’ Education and Co-6p-
Union, the Southern Cotton
hociation, and other farmers’ or
mzations incorporate a system
will place on each bale of cot
weight of the bagging and
ility of Price—We recommend
that these organizations employ eom-
petent graders of cotton, and that the
cotton be properly graded and classi
fied and encourage the selling of such
cotton upon its merits.
“TLe other subdivision of the sub
ject under consideration was thor
oughly discussed, and we finally
agreed that we recommend and en
courage the buying of spot cotton for
future delivery.
Report of Statistics.
The report cf the committee on re
ports and statistics was laid on the
table. The convention would not rec
ommend any change in the present
method of gathering and giving out
crop reports and estimates by the
United States government.
Closer Trade Relations.
The following report on closer trade
relations between the grower and
spinner was adopted;
“Be it resolved, That the Interna
tional Convention of Cotton Growers
and Manufacturers is of rhe opinion
that by closer relations between grow
er and spinner a great deal of the
present expense in handling cotton
can be saved, and the evils attendant
on violent fluctuations of the market
be mitigated.
•‘ We are further cf the opinion
that the extensicn of the warehouse
system in the Southern States and
the creation of selling offices will tend
to bring about closer trade relations,
and are, therefore, worthy of encour
agement by both producer and spin
ner.”
Th auks ?Exten ded.
Tnis concluded the regular order of
business, and Herr Kuffler, whose un
failing good humor and sauvity as
well as his practical "knowledge con
cerning all the vaiious questions
which came up for discussion, had
made him a general favorite, being re
way to the speaker’s stand, being re
ceived with prolonged applause. He
made a felicitous speech thanking the
State of Georgia, Governor Hoke
Smith, the city of Atlanta, and May
or Joyner, the chamber of commerce,
and President J. Wilie Pope, and the
ladies’ committee of Atlanta for the
courtesies and hospitality shown the
visitors.
C. S. Barrett, president of the
Farmers’ Union, proposed a vote of
thanks to the foreign spinners for
their having honored us with their
presence/and this was seconded in a
happy speech by Hon. Harvie Jordan,
president of the Southern Cotton As
sociation.
The press, Secretary Woodburn and
Assistant Secretary Bryan were
thanked for their services, after
which a rising vote cf thanks was
tendered President James R. Mac Coll
for the able and impartial manner in
which ho had-presided over the de
liberations of the conference.
At the conclusion President Mao-
Coll’s address, farewells were ex
changed between the growers and the
foreign spinners, and one of the great
est, if not the greatest, convention
ever held in the South—pregnant with
the greatest possibilities for "the ad
vancement of the South’s commerce—
was at an end.
What. It Means.
If you, a subscriber, get extra coplee,
It means that Mr. Watson requests
you to hand these extras to your
neighbors and frtsade.
WATSON’S WEEKLY JEFFERSONIAN.
AUGUSTA TRUNK FACTORY
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We have taken the first six numbers of the Magazine, January to June,
inclusive, and stripped off the covers and the advertising pages, and
bound them into a book. There are only 287 of these.
The volume makes a most beautiful and useful book for any library.
The binding is cloth, the back is gilt-lettered, and the work is done in the
best manner. The volume is profusely illustrated and is printed on supe
rior book paper. ,
To the young and to the old, this book will ever be of great value and
a source of permanent benefit.
We are offering this volume of more than 700 pages, with scores of
the most attractive pictures, including the splendid drawings of Gordon
Nye, at $2.00.
But if you want it as a premium, we will mall it to you, prepaid, for
5 subscribers to the Weekly Jeffersonian, accompanied by full regular price
of the paper.
If you are already a subscriber to the paper, send 4 names with $4.00,
in addition to your renewal at full price, and we will mall you the beauti
ful premium.
If you are already a subscriber to the Magazine, and will renew at full
price, sending 3 other names at full rate for each, we will man you this
splendid premium.
There are only 287 of these books in existence.
If you want a book that will sell for SIOO, in less than ten years, act
promptly.
Next year the book-dealers will be advertising for these books as they
now advertise for "Watson’s Magazine,” the New York publication of
which Mr. Watson was robbed by Col. W. D. Mann and Mr. C. Q. DeFrance.
Scholarships Offered
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son’s Weekly Jeffersonian; or 70 subscribers to Watson's Jes-
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A scholarship in The Business College of Prof. Bagwell, in
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Address
MR. WATSON, at THOMSON, OA.
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