A STORY OF COTTON 11 



that, "He, the warehouseman or compressor, has received from 

 the producer, whom we will call, "JOHN DOE," one, or a hun- 

 dred bales of cotton, as the case may be, to be stored for the 

 account of the Cotton Commission Merchant, whom we will 

 designate as, "JOHN BROWN"." 



The public warehouseman or compressor is not aware of 

 any of the arrangements that may exist between John Doe, 

 the producer and owner, and John Brown, the Cotton Com- 

 mission Merchant. 



When the cotton is deposited in the warehouse, at the 

 recfuest of the deliverer of the cotton, for the account of John 

 Brown, AT THAT MOMENT, insofar as the WAREHOUSE- 

 MAN is concerned, John Doe has NO JURISDICTION WHAT- 

 EVER, over this bale of cotton, and all orders covering this 

 bale of cotton MUST EMANATE FROM JOHN BROWN, for 

 whose account this cotton is placed on storage. 



The NOW JOHN BROWN BALE, is, IF THE WARE- 

 HOUSE IS OF MODERN CONSTRUCTION, rolled from the 

 wagon UNDER COVER. 



If the warehouse is NOT A MODERN ONE, this bale MAY 

 be received and rolled ON THE GROUND, WITHOUT COVER. 



The bale may be received wet and damaged. IF SO, a ware- 

 houseman conducting his business PROPERLY, will so state 

 on his receipt that is given John Doe. 



IF NOT DAMAGED WHEN RECEIVED, and the bale is 

 placed in THE OPEN, and subjected to weather conditions, 

 this bale MAY, and probably WILL, damage, if the weather 

 conditions are unfavorable, BEFORE the bale ultimately 

 reaches cover. 



The cotton in question is then sampled by cutting a hole on 

 ONE or BOTH edges, from side to side between the bands. 

 See Exhibit 1. 



In some markets, say, the Memphis, Tennessee, market, the 

 bale is sampled on both edges. Thus, we see, that, in addition 

 to the holes already in the bale, we have two more holes ; and, 

 to the loss in weight already sustained by extracting cotton 

 samples from the original bale, must be added the weight of 

 another sample, representing the bale, which ranges in weight 

 from six ounces to one pound. 



