, 1869-03-08

The Beard ofT1aee Il again agitsted on heEue'
jtct q! ett uatte. This Tine tho ms:tes IN dspu:c
Afs9es In tie pTof.asoo cotLes-A P4tt " las
toard htLltSto f,tc frnm theso compile atots.
dsaln CO FAttrs have T,prdisted tteit c,n'rse.s,
OF 'stcn lefuEe behtct the p,iv!leGc O! each E:e-
sst not - recognize privileges claimed By hcts,
hnt cp to lhls ti11n i. hl1 kesa ,he pt:te Of tie
1fortioa MIN that every eont1sa made snonc
shtE-vh.ths. legal or not-sas honored. 30
t1ch his heca this ttIc that 1 few months a-o "a
optrsof who had pending gaia tispute found
It eest 10 paS up Without WaitpE for tho decision
II the sroltfatore. Bt waited to operate ID pork,
and found orlv cnld ttou'des. No ono cassdto
teita ba1:tl 10 1!u 20 lorE as he clA:ued thl
zl'h'. unces any p:etsIc-. to esadea vef5il Goa
:laci m.ee OF Change. He had to Ply ~ In
frttn beiorr tec oll trade IN tsinc h:ss.
The re Tt cxs}cntn: In pruvltlons taustda
great ccA II speculative bu11nE and sc.ln7.
Teotkancs o! ha:1e,s O, po:k al d tstcel o. Ind
Vera ea2Sht on option when The ptoper:y naasc :
Was 70. ewred By either buyer or sel!er. Tte
huyer thougtt that p:!.Cs would tdvanec. and h5
sgretd 10 ray $sa.o0 per bsrrsl for PORK Le1t
ot'h c1cntatinR 10 he Ab!e 70 tell l! 1ut b. that
tine at f.6 cn. and pocket the d.fererte, without
tee.ng baiIel or even etkva. TIE sc!left. on
Ito cnLtrszy, thought that The price won!d d..
e!tre within the tins named IN the op.lon, acd
that they could buy Tor eaa.oo during tic next
thirty day.. aId p1eket the didetcne. without
even smelling the pork. The rules Of the boisd
rceocI,ze tte.o na1saet1ons ~ Legitimate, 1rd
The beard will compel 4 dsh1lttng member to
''si.o up to his t.ntthct," under penalty of not
being able 70 bag OF sell In future on the door Of
'ChazEe.
There e another class OF operation. ,ezten,.yely
tncu1rd m recently. and not recognized a. 1eeit-
innate. 'Tte4e called "pu!s" o. A. privileges"
Jchn gives Thomaa 4dA1 10 hand Tor the privilege
CT delivering to him ! ,0c0 barrels Of PORK within
tbfsty days =. .0v pc. bare! less thSn tho nas
ket prsce on the day Of the bargain. II tho price
al pork declines &1o0 during that time, John
cea,s 800; II ,tsre be no decline. John lose. h!s
$3.50 ps down, a1d il not obliged to deliver the
pt1k. Soruo peo2le ea7 tsat these transactions
src r4ub!,ns. sEd ought to be dtseoaraget; OH
c,s claim ttat ttsy sre last u legitimate as The
paying Of money for Tho refusal Of ptsce Of ic.l
eslate fcr awctk or 1 month. The. Board Of
T:Aec fott not coupe! man 10 lire up to ore Of
,lese contracts, but the morale x tho provision
m.tltt l. srch ttss to take monty for 4 privilege.
and thtE rtfuse to stand the loss. IL con:ldeHd
lu.a better ttln co. fdenca eamc. -;
The tt,eun. .ta1 ces ef tie case In question art
or terr ood to be as lol1owl: On or a.ont the 1T
Of February ls1d was quoted In this 1nE1fet at
tA IsUhcpt lb. On thAs day pA,e to tito
lan Ct $500 fot tho privilege OF te'.iag COO tcs Of
I.yt TO b ut lv1xc ptf h., at any time during thn
Mt nth Of February, II be should 70 eec'. B
seHet ID WflnnEt In COEettef4uoo OF toe Nore.
ss.d SUM- to receive Lid pay tet Ae lard II tau
dtied.
On the 23d OF Februtry. lar1 waa q7otsd in this
ms1ketat lss per ID and A notified B that he
woc]d dcliyrs the GOO ttt. 4. 1oAe. according 10
the alrecnsnt. B refused 10 receive It, statt1S
that the i. a:d OF IrAde did rot recognize Eueh
trnI tacilous bat n tie ittac onered to take
tie lard IN Ap:t,. !! rpuld "c4.ty ~ over Il!
that lime OF his Own expense. This 4 refused 10
buk odt red 10 agfte Oh the Difference 1hcn AID
TO Walt 81 Ct % days or the Eoucy. q reloeed 20
se:tl~, and told 10 collect his elzIr ~ te4t he
ccnld.
A d.eidtd cot 10 90 to Law. He ho xtver tod
ii. b!oker to eeL ftO te5 Of md to b, seller
Aps.l, II he c"u'd This was Done md on the 5!h
tasa ant 4 called IN B 10 deposit E, 800 With his
taLktrs AZ '-msrEin." or security 10 a that the
lar. would b. bt uxht on he maturity Of heopstou
Ttt. csltrg for mIRits Oh either tldc I. provided
ier BY tic rules O. The board u re!assd To put
up tic r.Qn!.ed na1ssp. AID a eutcrea com ia ut
the etb, tefu.s tne Board Of Dizeetcrs-uos on
tie privilege. but on the tpt1ou tadt.
Thus ttsnds the easo Al pfcstnt. The appeal TO
th. D,ft ttoss will rrobabl1 reopen the whols
qcc.t or 20 tEri,!esty dista.std In Uctober last
l.. Fit rely to be hoped that The bo.sd viii taxa
ht footed aetior, enc way Of the other, 4, urde,
.hs *. seat condition Of things. The man Who u
reeslaisely disposed sct EAnts 10 live up to his
ecnraes.s pat 1t II nesty Of Il ose shoze motto
Is. '.tead. VIE. tails 5ou lose" 70 the cnd Of
tie game.