, 1862-12-27
Meeting Of tho Board Of Trade.
THE UNITED STATES TAX ON WARE
J HOUSE RECEIPTS.
Action in Favor Of q Modification Of
the Law.

adjourned meeting last night, at their rooms,
to consider the preamble and resolutions re-
ferring to a change in the excise law, so far as
it relates to tax on warehouse receipts.
Thefe was but q email attendance, owing
probably to the unpleasant character Of the
weather. ATS o'clock, G. T. Wheeler, esq,
President, called the Board to order and brief
II stating the object Of the meeting, called
upon Mr.. ". D, Houghteling to read the
subjoined preamble and resolutions, which
arc referred to. above:
WHEREAS, By the provisions Of the Excise Law,
passed at the last eession OF Congress, ali ware.
perfy Of anF End are Subject to tax q twepty W pt
WHHRras, i appears from the books kept IN the
year beginning Dec. l. 1861 ard ending Dec i 1852
no lees than IS 26e carloads Of grain hare been re-
therefor. Showing that under the present law the
| tax upon grain receipts in Chicago alone will
! amount to q large sum per annum aud
WEEREAs, Nearly a1f the grain coming into the
much % it is The general custom Of the farmers
country to contract their crop Of say 500 to 5000
bushels, to be delivered from time to time as cir
cumstanees will admit IN wagon-loads Of twenty
when tie he cor centraet shai haVe BEEN H asd; den'
es5s e S.s By h n The sonf aeoys
would be about 50 1000 bushels, or reduced to
estimating that receipts would be given BY the
country buyer for two thirds Of the above number
ofloads-the Excise Tag that M you'd M be paid by the
| to the tag imposed npon the same property after
itH arrival in Chicago; Therefore, :,
1 hat fh1 1A1v ttrpnfv.ffr1a
! whether such receipt be given for q wagon load
sgseSs e & SE Sss T sass & 3ses ops
rateApnequa]ly and is Durdenk6me upon the aySfii-
CULTURAL interests Of the country.
ReS0{Eed, That in the opinion ofthis porHtiOn,
Of the law, in 60 far it relates to
warehouse receipts: given for grain. is measure
law as it now stands bears heavily upon class that
has already suffered more than any other by the
rates 81 1reight to tho Eastern seaboar as also that
such reduction az would be Just and proper would
s a1o e TO m aSe
gorernment would receive larger income than it
| will under the law without such modification.
HestlEfd- Tint in order to 'egualize tbs tax I'M
poscd by aaid act Ct Congress-. the stamp dnty
ixed to grain receipts should, as far as practical
bic, be graduated to the amount Of property ez-
this Board the tax Should be adjusted to correspond
to the following schedule OF rates, to-wit: On re-
eeipts given for any number OF bushels exceeding
100 and not exceeding 800 bushels, cents, exceed
ing 500 and not exceeding 1.0n0 S cents; exceeding
1000 ard not exceeding 3,oa0, 10 cents; and for
every Geo bushels or parts thereof in excess OF
| aGG0 bushels, 10 cents.
1t will be remembered that this document
77as discussed at previous meeting, held on
! the 22d inst, pending which, an adjournment
was taken to last evening.
Mr.. ,Houg;te!ing also read the following
memorial, which Lad been prepared to trans
Fit to Congress:
otAs Honorote he Ssnats aad House er Repre-:
The undersigned officers and members Of the
spectfnlly represent that as set forth in the pre-
amble and resolutions attached the excise law tax
now imposed upon warehouse receipts, SO fur a.
such receipts relate to the warehousing Of graln il
unequal and burdenRome; and therefore, they pray
xoNf honorable body that the law be 80 amended
that its operation wili work 70 more bene11ciag both
Mr. Houghteling alluded to the nisapDpre.
hension which he thought some Of the mem
bers had 1abored under touching the character
Of the resolutions. His only desire in draft,
ing them was to e9nalize the Inv, SO that ii
would not bear u1justly On the agricaltura]
ence had been exerted over him by ware
honEemen. They had nothing whatever to do
| with their inception or completion. He er
gued the necessity Of the change asked for
| 1be 9ueston vas, lie said, whether tilc grilE
would pay the enormous taxation levied npon
it. AL through the country warehouse
men give receipts to farmers whe
contract to deliver from five hundred to five
thousand bushels. The grain is delivered al
the convenience Of the farmer. Now if thc5
are taxed twenty-five cents for every wago1
load, their study will be to avoid the law
And this can be done by theaid Of pass-hook
or By giving one receipt and endorsing sub
sequent deliveries on that. In Chicago, New
York or Buffalo, there would be no objection
to the tax Of twenty-five cents.
George Watson was opposed to the figures
: contained in the resolution. 4 change such Al
: | IS contemplated by them would not effect ths
!, desired Object.
MrtRicbards commended for the enforcement
Of the tax as now levied. It would no
| amount, in Chicago. to $25. .00o: He>vould
| however, favor such modification as Toula
: satisfy the country dealers.
Mr. G. Randolph said that the object Of til,
: law was to tx all pieces Of paper that nigh
, in ANY eyent be brought into court as basi
Of litigation.
! Mr: Bacon was opposed to the change q
deemed any action i1npractieablc as to favor
| able results.
!, On motion Of Mr.. Watson the preamble an
! resolutions, except the schedule Of rates, wa
unanimously adopted
On motion Of Mr. Whitney the question {
rates was referred to the Board Of Directors
and the meeting adjourned
Garrotfng and Robbery on 11fehIga
1SNf