New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-07-13
NEWYOR DAILY TRIBUNE, MONDAY, JULY l3 1901

and sh.n 70 be the goods specified tho
f.: give '. Te 10 asy be
surrender and cancellation Of the orsinA ISSUED
therefor Each certificate to contain notice that the prop
SEE H. Males fslOuous oHrns any person connected
use any property deposited with the company, falsely 10
issue OF TO overssue certificates warehouse receipts.
STATEMENT OF SOME OF THE BENEFITS OF THIS
| INSTITUTIONS.
| First: To tie infe,o' II Com.eree
and storing all kinds OF produce and merchandise that every
article Of commerce whether free or in bond may b.
G .p.i tic 10 s.y asS Ind .y Il scd 'e
By giving to the conrenee OF property peeeay
,On5 receipt and also by giving to tina; receipt negotiable
By establishing the bushes. Of wa5ehOu.ins on re.
that shall protect consnees and underwr'e, from
those formidable ks which they incur from the wan, Of
method and responsibility in the conduct OF this vast business
second: To the stoekholde,.
them y esndns Sne.. Of te
sosnee with the certainty Of realizing ample Ie.arn. Tor ns
a', them lien on ali property det-fted with them tor
x i,.s 'n. it thu: eIemPtas them rrn al ordinary
r:t' Of q ,0:: = q. r' ~ .aeH 'H''"e
By exemp,,ns the .tockholder any liability except
10 and servants after be has paid in full for the stock
held BY him.
To tie Corpo-toy, Of the vtt York Wavehoun9 Company
view. IL Il. wsh the trade and Lon
don from Of dock warrants in use there we
boet warrants that H. certificates OF dep., Of goods and
merchandise in warehouse to be made available as @ of
securities. have existed from early times ana the use
them has with the growth Of English commerce reg.
decisions the shes. of the kingdom have given TO me
the sanction and authority Of law while the
mutual relations and responsibilities Of pro
been sharply and accurately defined In pstiss
the system q dock IA. .nS IN me same
portfolio with bills receivable may BE- kept the ttes 20
bic with OF withou, the other equ.y protected
BY every eis sanction, and in every way current ssn.
the title. property from hand to hand with the .ame IA
$ s 81 n S PseS q @ Of S s
csy dPus to the order OF the etua holder OF ,he
which long experience and e.ioas wstchfne suggest
is not alone however, in thus making merchandise y ne
yaDtsges system dock warrants found It'll evident
that the sayn' ofpe In eectns the transfer Of Pfopy 10
Of the property es which prudence dictates
SSffs u 9G s
or Lender and boo give all parties moral certainty Una.
eo Occar and to & sx'pt that this Is done vii charges or
MN to b . or borrower: De bsoss result.
Of this warehOr ,Ds System You have no. asked and
IN The variant I sen i Sssen and sustained
dence P Of slow growth but the guarantee. you pre-
;a % will a6 doubt Be
around the sody and transfer Of goods n.ased 70 ySur
this de.Iab e systsm in midst. 49,
sil~.T ie Dean Co. ". II. newman 4 GO.
BaIsia Livingston Syocn p Brother. &c e.
Wosb sSsr ro Kns.ord Co. Fr.s Mcdonald Co
Opinions the Hon. b. Cutting and Chas OConor esqrs
HEw-Y0RK wAREHoUsISG COMPANY.
have examined the incorporating the NewYork Ware
housing Company and Of opinion that confes highly val
l. In addition right charge the usual rates of dock
y s s .a the
the right charge x. IN oyer sS
that are frequently BY the charge Of commission ad
2 len all the merchandise received stored by the
Company created by the act for al charges and Of
Orsse shs,sse d0cksse labor &c. and Tor al advance;
expeditions mode Of enforcing the lien IN case OF default o.
provided By the act y s r., S goods sns public
sale, BY publication in three daily newspapers
1880 many particulars Among other advantages it imparts
full negotiable character to the warehouse receipts warrants
Ss oy hs the in
Of these or
virtue thereof right. better defined and secured than existed
them COW. nie Securities on which to obtain
.n nn 5sssp1
the act Of Parliament passed in 1912
the corporation shall have paid full the
held By % except debts due to ''''e and servants fol
s 81 Pfsssn .: the ct sss;
*: E ss nd as s css
daay
fun effect S e i; sp IqSs q ,s9; FB CUTTING
have peru,ed Of incorporation mentioned in Mr. Cut
aaS s yy caaR%E:
Ner York, June IS, 1857 -,
Ny opinion l. asked i on The OTVS e relation to
F Can the charge and seiSs ade5n
interest Commissions any advance. which they make
goods and merchandise, received BY stored with
To enttle this Company Commission. beside Interest. they
must do something than merely loan money II they
ceve goods on aud make advances on the goods they
incidental expenses beside advanced
they charge such interest and reasonable
storage and other special Incidental expenses.
What the nature and extent Of the lien created by
There lien in the ordinary legal Of the term for
and also c Commissions above .peced 90 that the
tore his assignee cannot demand the goods bring
rendering the same Butt think it well (as great object Of
the act 10 make the certificates negotiable without set of
deense) their face memorandum of right Of
Company lien for such charges the good. in the
hands person to whom tn. certificate ma. be transferred
third section of th. Act would advise demand Of payment
Of the charges and beside the notice in the newspapers give
Third What the rights Of the holders Of Certificates
The person who the goods and in whose the
certificate issued 10 BE- deemed the legal owner Of the
although in fact be may only been agent, fraud
ueny had the certificate issued in bis so far to
TIA bona ids in The usual trade and with
S n. So se f.. .a
Of bona ade and WITHOUT notice protected against
time the
to sue for them but subject to the claims for advances made
without notice of defect Of title either by the Company
third In other words the statute TO the
certificates the attributes Of negotiable psper But II stolen
goods pledged the Company or ndorsed certificates
either 70 the Company third person
Is there any and f sol what liability attached to stock
holders " DO shall have paid Up their stock
Tsnswer the ..ockhode has paid up in full for the
number subscribed by him, except for debts due
bOre and servants Of the Company which presume would
always be . small matter
~sS ,Ss genera svsons Of the act constitutional and
such a. the courts will eptorcel
am any article in the Constitution wheh this
act or any part of IT, violates and DO not any why