, 1865-11-18


The Board Of Trade and the proprietors Of
the grain elevators In this city. have at last
come to an understanding, and The vernt1ous
warehouse difficulties are, for the present,
settled. In another column we publish an
agreement, IN which WIN be found the basis
Of settlement. The w1rehousemen'h have Ac-
ceded to the demands Of the Board of Trade,
that an inspector shall be placed In each Gle
Tator, 10 See that the inspection Is not tam
pcrcd with in any way, and to regulate, in
an equitable manner, the handling and ship
meut of grain. On the other hand, the Board
Of Trade has conceded to the propdetors Of
the elevators and the managers of the rail-
I; roads the power to remove from Office the
chief inspector Of grain, or any Of the depu-
ties which he may place In the warehouses, II
they ehonld deem them unit for the positions
they bold.
With regard to the latter concession On the
part Of the Board Of Trade, there Is consider
able dissatisfaction among the members, and
It Is feared by many that the exercise OF apy
such power will breed mischief: hut the ri.
rectors Of the Board are confident that, 50
long as they have the appointment Of inspec-
tors solely under their own control, the con.
ccssion will prove har1nless. The committee
Of three, Of which the railroad men and the
proprietors Of the elevators are a majority,
may remove inspectors, but the Directors Of
the Board Of Trade have the sole appointing
power.
We're We disposed to crtticize this agree
mcnt severely, 1t might be easy to show how
the warehouscmen may get the best Of the
bargain; but as the only object VIC have IN
view Is to redress evils and institute reforms,
It is perhaps better to leave the Interpretation
of to time and experience, trusting that the
warehouscmen and the railroad managers will
exercise their two-thirds majority only for the
good Of The. public The Board Of Trnde is
composed Of shrewd merchants, and ii they
have allowed the warchousemcn to over
reach them, it is their own fault Meanwhile,
It is the duty of all to sec that the
agreement is carried ont In the prop
cr spirit, and with due regard to
the interests Of the pnh1ic. If honest md
capable inspectors are placed In the ware
houses, it will be difficult matter to remove
them by any paltry charge which may be
brought against them, without creating
another fe1mcnt Of public opinion such as at
present exists; and 1t is neither for the In
tercH Of the proprietors Of the elevators nor
that OF the railroads that such should take
place. We would therefore take this oppor.
tunity to warn them against nwisely using
the power which has been placed In theil
hands by the Board Of Trade. Corporation.
and monopolies arc powerful, but publis
opinion will in the end break them down, l
they use their power 80 rs to damage the In
terests Of the people at large, and only 70
their own aggrzndlzemeut.
As the agreement in question has bec1
"sigued, sealed End denyered," 1t now re
mains for al concerned to labor yigilantly I,
carry out Its provisions In manner whicl
WIN accrue to the public welfare-so that th
confidence Of the farmers and merchants Il
the Northwest and the shippers in the Eas
may be fully restored. It Is only With thi
end IN view, and in this spirit, that.we hay
commented on it; and notwithstanding tn
objections urged against 1t, there Is u reason
able hope that the trade of the country vii
dcrive much benefit from its successful fulfil
| YneI1t