Description Gorham Sterling Silver Presentation Tyg , date mark for 1897, engraved presentation "TO/H.G.HESTER/SECRETARY/NEW ORLEANS COTTON EXCHANGE/AS A TESTIMONIAL OF APPRECIATION/FROM/THE ATLANTA CONSTITUTION/JAN'Y 1903", h. 6 5/8 in., w. 9 3/8 in., wt. 31.30 troy oz,; together with "Hester Says" booklet, published in 1926 in tribute to Col. Hester's eightieth birthday and fifty-six years of service as the Secretary of the New Orleans Cotton Exchange Provenance: Descended in the Family of Col. Henry G. Hester (1846-1934), New Orleans. Note: Col. Hester was Secretary and Superintendent of the New Orleans Cotton Exchange from its founding in 1871 until shortly before his death. A statistician, Hester compiled the weekly "Hester's Report" on the cotton market. Previously cotton market information had been generated far from the source of production. The influential "Hester's Report" was transmitted around the world by cable, a novel method at the time. Another innovation instituted by Col. Hester was the introduction of futures trading to the Exchange. New Orleans would become the primary cotton spot market of the world, and a leading futures market , outranked only by Liverpool and New York
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