, 1870-02-19
Reputation OF Grain Receipts.


The xafehoutenen Of this city are ev1senuy
hytrk 10 aisert the assentlou Of tbs Bolrd Of
1fads from the uhIn Queauon BY ra1'nE the CRY
Of "1ftrd - On ths plrt Of tho coum!t sloo msu-
We do not think that tho diyorslon viii b sue
osA4tul Tners Are undoubtedly msnoers Of the
hotfd Who honest, a1e 20, simply from the force
Of ctrcumatatees; As!t would b practically IL
potable 10 g1the1 1so0 mea Who ahoQld b perfect
Id eteFJ 5espfct The cnACc.s arn tat : fnE
cszes Of frand might oa sfsced out II the iuves,l
x,tot knew the ropes we'll enough, and poaAlblT II
nsy b vel to TT md purge tbs couult-
aton stem. ~ ard By. Of sine OF tts leaky IeAt
ure1 Te wnn. however 70 call attention 70 the
fact that The great majority Of tho commission
men zerort 10 tneir p1lncipalA tho details OF eaca
uanzaeslon u soon Al effected; and ell saoald b
rfau'led to do 20 the rt1te,pal1 saould lnstst on
~: ana thar u dealer u the country "a not sat.
Aned With tho WsJ In which his b1slaess here u
conducted BY hie AGENT he Is At perfect iae1sJ to
se'ect from among more than thousand osaefA
he carnos WatehpuEo ht4 grAla On the same pfin-
ctplt It goes ,tto tho taue house, every time
n1leEs rolens-ro Matter cor much ne NAY wish loS
= o!dszent Arrangement
But al this d ouulde Of the ono great point
now ut lssre. Thele Is Al old rhym,nz proyelb
which reads thua:
"Gue thing !: itpe. md th.s done xeil
Tbs nne thing to bo attended to now IL tns v1se-
hoo1o sJstcn. After that gigantic Nrpcg
Il f1safed. 1t VIII be time enough TO 1ook atset
Lesser evl!s-u the5 exit.
TIE great tru'h which tho wArnnonseuen keen,
30 aoxlous to CLOAK mp Is East their funst,on II
simply to atora tbs property Of other peopte
THIS Truth once eteu, tho rest IL easy. So far n
they can hefo4 the vts!on OF, the pubic On th.s
fac', 70 far thtJ n,4y hnpe to succeed IN ke$plnR
up sheir sec1et system. When II Il corMds4ed
that they are only tbs custodiAn1 Of property, Aus
not IL osnezB, khe&r clalm to the right to keep
secret the Anount Of that properly In their keep.
fn9 becomes preposserous. Tney nay, II II xers
froNn that 1hefe sre only fo.ooo bu Of No 7sprtns
wheat 10 ce1tan house there viii Be run on
saas honse" Wnat II there u, Il taese IL M N IN
paper oot than grain Ia: And how much OF =
run could there bo on nnule II enty paper call
ing for $1,000 bu Of No. spring could
Be mustered in the who1e cltYs IN consesslu9
to fea1a Of run they aro admitting tha
possibility Of ove1tsfut. s!nco In no o+he. WAY
could there be ary Danger to the wa.enousemau,
II he hss paper out 10 the amount Of $4,000 bu,.
a21tnn K. GEO na Of gr1n It might b rather en-.
harrasstng; but he hAs no bus!rcas 70 eet into
socn dHenu2, and cannot do 10 without hreat-
sng the Law. 1t IL jult fur the reasou that the
grain operators DO not want the wareaouseman
TO get into this difficulty, th8t tneJ want hi re.
ce'pts to be re2,stefed ana cancelled, aod fail
abatement OF tho amount OF each k1nd Of sraiu
in ssore 1eet1I. They imply want to remove
teupt2dou out OF IN honest mAu'4 w2y, md for
fnis thsJ arc axsaised in the bltterest terms which
can be found IN the EuRIsh VOCABULARY.
The current lmpFesEou Ia that the Ieft-hAnded
pron:s Of taa warehouse sJntem LIE fully
equal to thosa authorised by law. There urst ba
more than R1ain Of truth IN tho suppost,ou OF
tbs warehousemen wpuld not fight 70 pe1slstenuy
against the attempt to md ont Tho workings OF
the 1y1tem-
The case may be thns briefly stated: A,B,C,
D, srd others each own 5000 hu OF No. nprtng ia
cersAln elevator. Il each Of these parcels OF
grim *ese Kept separate from I'LL the rest, tho
owner Of each parcel would hare no rights Of
knowledge be5ond that Of h!s own 5000 bu lot.
He Wnnld be entitled TO Know the condition OF
that SPECIFIC 1900 tn, and 10 know that II was
AcsussJ in elevator during the whols time for
which hr Pad the costa of storage aud insoranoe;
but II woun be noue OF his buslne4s TO know wnat
was Being done With the property Of other poo
pie, urless be were ntRostAung for Its purchase,
IN Which case he wou!d be j1sti1ed In lnqullng Al
to tue fsc.s Of its location and condition. But
the warehonseman nuds It impossible TO atore
thts parcels separately. he puts all together.
and in 10 doing estsnltshea = common interest.
Each owner retains the right to know al about
his oFn property: but he cannot d. this without
knowing the satn1 thing about all lhe rest A, B,
and hold their certificates Of property, and their
edstEases Q! value change with change IN tbs
facts. Hare they not hight to d knowledge Of
the facts, that they may sell urasrstandlnslY, or
retuse TO sell Il the circumstances IL
vor longer holding. The ware.
honkenan sAJt: mo; there might
be run On my houte." In other words, he Ii
afraid that the owners Of the property In hts
keep!cg Will call for It vh.n they want!t. Why
should he bo sfratd Of thiA7 Would he ba afraid u
he knew that be held tho grain nettssary 70 meet
his paper7 And u It not ren!teutiArJ offence to
istue receipts for grain not IN trorn7
Are there any Of our warenou1eu,eu who ata
AFRAID Of ls1ng themselves open 70 conviction OF
Penltenthry Offences, By letting the holders OF
these receipts kLoW how much grain they have on
hand, a. compared With the receipts iisoed7
II they are not Afraid OF thi1, then they cannot
consistently oppose themselves to the syssem Of
repatriation, bectuse aQ tha: L. contemplated Ia
the adoption Of that sJktem IL 70 enable grain.
owners to keep tally between receipts sud gra:n,
and see hoE the Two correspond In amount For
the dttails Of the plan, The warenousemen them
selses hsVe been invited to Join IN arranging tnem,
30 that they will nos oe cnMnroup. and the board
hst of1ertd to take ali the expense Into it, oHn
hAndA Tbs x2tuho11emen cannot Fefnae to &C.
cede to the proposition without tAc3t!y confesainx
to ali that has been charged agatnss them. They.
could scarcely beaT the publication OF those
csNges, strong though fheJ be.
The v1ehoQscnen should remember that Tho
!ssue . far and Equase one; aud there Is no
dod2lrg 1t ihis tine. They wilt be required TO
meet 1t. II they will consent to pluck the beam
out nf thelr own eyes, full permission vii Be &c
corded them to take d pull n all the notes tnef
na3 be able to discover IN the e5es Of the COM
h.zaion uer.