, 1870-04-15

psase esfss q g. s. .T' NV thsn l. II thers er
rorld bssomo hops That ,tha people would not
b eatsn up or run oyer by corporations. Tho
; Btate having enacted this Inv, md By 10 dotng
hsrinGGf GRATED .. privileged class, among ware-
l%ns n"Gss e bn e rIx msn sse Section g. a.
Of agent Of such, grain from identifyiur lis
property, depETing him Of ! legal right, is it
not the duty 'of the State to protect,
sc syss ~ g nf 5sv q Ss, Rsg
N the destruction q ide1niy7 Let safeguards
bo cnacsed by the State to prevent loss to
oHuers Of propa1ty in suci1 hAuds Lot the
safeguards OF rcEsst1ation- and cancellation, of
good and Sufficient security ,,the hands Of
comraitted (often eompulsurily) to them sub
tect to the orrdsr Of tho owner. /, T.. the holdoz
Of the receipt for the eane. Let thar rates OF
charges be made BY the State Tor Commission
ers Appointed) and Ill neeled ru1ss md reeu-
lations- It seems hard 70 "a ke properly in grain
from an fnnoeent owner into . privileged Vare-
house and permit it charge inst nhat It c,loos-
ca for hn1dipK under hw Whit, Il it helF With
ont such Law *ouid be N act Of foeciblc defai1e,
and lest mEy be doubted as to the nsasesity
Of regulating the charges made bx such public
suah IN Chicago. Oats, nonfns, prics per
wheat, S1oo. Five kinds of Erain. tha sycrscn
value Of which is, say, e4c per buhhel. TIC
charges for storage are, frcH November Is to
q p.r Of Eve days, 1zc per bnshri more, nor & ~
21{ days ~ ''-'
Say pay for holding e4c Of property az, d.r,
the sum Of 2511o; nearly Il per cant 81
the valne Of the property stored, for zit1ply
heating" " and DO security to the owner H.. h.. h y
viii get big property when called for. for. If
proof Of identity il lawful necessity to altar
oWne1ahip, tho state has, through tits hg, de-
R5,tea {S,t ,,..t the oxntr Of even tlis.
ssen Ses 70 nefs Be- .ss ss'fgss s, = r a5ge
stated, that these rarehousemen. il order tn !
set into charges Of ahort rates, say, y cent for
every tive days, often date receipts pr;or N
the actual delivery Of grain to them, Far in
stance summer rates of storage are. for the
per buahel for every ve days thereafter nv ,eh, ~
1[ 18th Of November. when winter rates b.Fin
The anest Of dating receipts prior to acfn.i
date u Illustrated eaaily> Areeaipt dated eoth
OF Aps7i, would nm to the 10th o} NAV for
GEMS; GEM A aated the Sd Of April to tho 10th Of
ago Of tho receipt, inc7ease lhestorsca nas IMnas
cent N IL daEs, and il will be veeu bv thaes
neulea, snat age On receipts iucroxses he
snua 70 the public warehonseulen, but thn
n. de 70 sne owner ,aacs rapidly away When
h1;r atuoIeo l16 character Of ShYlpck |
'1lssed the blood" would have been no bs9,
'1er TO the execution Of the bond. e'>s
Is is Stated that these privileged public varn-
housenen often issue receipts for erait in
sot H. ~ she1s stofshonses in Chicago when IN
.sed Al collaterals By banks, ia sctnaily y
linton Iowa; St. Paul Minnesota, or fostiae
fo"n the Mississippi in barxee covered hS
na57na insurance, risk Of snags excepted%
,ooa .., 1,eeqnty to The banker, speculstor, Or
warehouse receipt for his next yesrss rr,,,
as been issued, and some innocent holder
ay,ng 40 per cent Of its prospective Tslne Yor
oldlng il, "in future"7 1'A
Ihe ideas expressed in the accompanying
re, believe, very generally entertained bS
m yS5Hss men'-of "ch fact Jou arc IN
consideration by the convention Very re-
PecttuNvt etc-, U. ], H1cHaHns !