, 1869-04-26
MONDAY. APRIL &c, 1869.


TROUBLE IN THE ELEVATORS.
The fac. that the corn in store in one Of
5,lary ChicaGo elevators, amounting to
N'."h' bushels, has been heated, and is no
Lager nleschantable, selling on Saturday at
.:s'' cents per busle! when, if sound, il would
have been worth &c ceats per bushel; md
tie intiuation that corn in the other
elevators Of the city, amounting in the as-
.:::.vsa,e TO about two millions Of bushels,
i i'll pretty much the same condition, IL cal
tulatcd to produce greater sensation out
If the city than the facts really warrant.
TIE hot corn is confined to tho bins in
which Il kept what Is technically known US
new corn," which, at this season, is
:.l'uut two-thirls Of the whole
net xnrraut the statement that this great
l,,slv Of corn has rotted'in the elevators
!,u, that the loss is not confined to one
elevator is ,n:'rc than probable. Wo think
i: is tul'c regretted TINT the Board of Trade,
at their meeting on Friday night. SAW liz
1,1;;lvE questions involved in this matter
t].n At what particular hour n1 What par-
tic,;lnr day the sale If Warehouse receipt,
,.s;!i1:.. fur tlis particular corn in this par
:,,1il.r elevator. was binding, Without any
1.,~eile Impeachment IF my person, it is
1,,,, t."' ,nssel to say tllnt ii !,'okod like IL
.;;.r.,1 :'s.ut tAr >lne of Int .lepreciated
t!.I 1>>:l"ts lr IN ilsulreni gambler.
IL re arr thousands uf people who srnl
tl:' ir grain t" Chicago who thny be said to
l:..v. III further contrib "f it. n, matter
rl.: tue quality, vr gru'le. "e condition Of
H. curn nnly hr in the oaar' estimation,
i; j. received here only a!",a the grAlo
,..nrhed upon it E.y the my ,':ors Of this
City. Tl,ir decision is iiaI. 1t ii Thus
1,::t i:4tn tie elevator Ii M. M. ="
NO. ".' 'rtjcet.d," or "new," and
s,t...:.sc is clE,s,ul fur it nc'" c'",rtlnyly. It
1e~t II ."idnc,sr,liuy to aha. Inspection, for,
t,,t III .Er elevator, its identity is lo,t-
Il.v !..s..,t,r ,lo.s nut uifrr to return the
...t. .,,r1l. hit nnfs tue H.l,lie quantity of
~. Wilt grade ssf cum. $" stringent aud
i,.sut,.tl., is this rule that the owner
If i,a1.tAM bushels in store IL not
permitted 10 enter the elevator ~ exA,uine
uA..:h,r tlnt much corn i~ really there, or
.,Eat Is its condition. lie ii rens;aud.l Ia
liz receipt. Tnc charge for storage i, the
1.~u, u IN ugrte,uent between the ele'
>;.t'r. II this and adjoining citi.s. It Is
1.t l,::sttl upon any csti1nnte of the cost, u.
1-,>k. nr fur profit. hut IL artat14ry. l,
might rs well he fiyo cents yer h',shel rs
1urc.11,s and in either case the producer
sending grain to Chicago or Milwaukee
1.a5t 4.ay whatever rate is demanded ot
lisu. He has no choice. His grain m1s
-, int" sttrc. and must ply the arbitrary
rate fer storage, Or le cannot sell it in Chi
c:o If lie sells ut hiE flrlu. thu 1Nl1ch lsc
<!t,lucts this warehouse charge from th
l'rice.
The E,,artl If Trade, "A. its meeting o
Friday evening. did not Seem to consde
that any person Ind my interest in the mn
Ter except tue few Of their own number VIII
held receipts for this $4,000 bushels {
damaged corn. 1t is true. that these wart
luuse receipts exclude q liability for lossc
lfy fire and the heating Of the corn. But
:lis just: Is it just to charge til
Tale If two cents per bushe1 for five day
storage Of com kept in bulk, i'll which tn
good an,1 lad may he throwninto q contno
!,!lt. and the whole 1otied. and no lnl,ilit
,*..s1le ou the part of the w1rehousenan
Ii Il 1pan could make u special deposit
l.is grain. und receive the same when caue
fur the cquity Of non-inl,ility for dana:
from heating would he quite different fro
that which exists when he must take gr..i
which, hail when it was received, OF i,
,,ru1e11y kept, Or mixed with inferior qu'
is
t,.:.,1 III the West Oh which there a
not daily to lie seen through cars load
with f,r,.:,l anu 1our. goins direct from t
place If shipment to thcplace Of iestinatio
:.v,iliug this city and the e1pen
s.f storage aud selling here. The nc
tls4t the corn in store in our elevators L
3..tu sn kcri, cared for, mixed and as,sslo
GRATED tLat tho had lls destroyed the 50
:.u,t the whole Aeco12e rotten, will te
70 increase tue shipments which now p:
~ Chicago and s" direct to their destir
tim Shippers have no assurance Il
tLrir good corn may not be mixed with b:
:t1:d they viii prefer paying few cents
tlti"n:l freight to other points rah
than incur the risk Of losing MI
storage in our elevators. This is (
3.n4t Of which tho lsoard Of Tradc, &C
1",st'l not only If warehnusemen, but
zhe factors and agents If the wh"lo prod
ing community. might have taken s''1ne
t;ce md j. one If decidedly moro imp
t.,4ec Il, the commercial reputation of {
Gag" sha>l how long one spec'llltor, sellin
rar,l''use receipt to a1l'ther. is response
f"r the condition nf the corn in Al efeva
from wlose management the pa''lic Is
tlslel, and over the character of whose
c.ilts they have no control.