, 1870-04-01

for nothing but the necessities Of govern
ment, md both trade fana government viii
But wheR government under
takes TO run trade, and traders to run the |
government, both tend to run each other to |
TIE BOARD 0F TRADE ELECTION.
An election Will he held On Monday ne1t |
for officers Of the Board of Trade for the
ensuing yeas. The board has recently had
prot1acted and bitter controversy with the !
warehousemen, on the subject of the regis
tration Of grain receipts, in which the lat
ter, if they have not obtained victory,
hare at least not been defeated Since the
later controversy respecting the delivery OF
ernin to the elevator OF Spruanca Preston
L. Co. commenced, it has become patent to
all that the skirmish on the suiect of
was mere affair of
outposts, and that the real fight, which can
no longer ba avoided, 5elates TO the more
Important question, whether the members
Of the Board of Trade and their correspon-
dents in the country, and tho consumers and
producers Of grain, hare any rights what
ever.
The grain trade Of Chicago is the growth
Of yeara, When it first commenced, ali
grain was handled in bags, requiring IN i'm
ing enormous cost The increasing breadth
Of land sown, nnd the rapid settlement of
the country, necessitated the employment
of new means and agencies for carrying
our products to market. Somebody con-
eeired the idea Of handling it il balk. 1t
WIS great idea, and should entitle the nRu
who originated it to name and fame
among the benefactoss Of the human race.
Probably. no labor-saving machine, except
the steam engine and the patent reaper,
hhs been Of so great service to this country
| as the improved method Of transporting
cereals through long distances by land and
vnter, without the Intervention OF bags or
! barrels.
To move grain in buiss, means for trans
fer1ing it from cars to warehouses, and
from warehouses to vessels, by machinery,
we're required The elevator was introduce
ed some fifteen years ago, to accomplish
this purpose. AT FIRST it was part OF the
machinery Of the railroads, the elevator
being the railroad depot tor receiving and
delivering wheat corn, oats, ETC., in bulk.
The vast amount of grain requiring trans.
po1tation, and the limited num-
Der Of cara and locomotives that could bs
put IN reputation for Carrying It, rendered
it impossible to deliver such freight at the
ordinary depots OF the railways, or ereu to
deliver it to teams or vessels. BE employ
| ing the elevator, tznin Of cars could be TN
! loaded, and started Oh its return t1ip for q
new load, in less than half al hour, while
by the old process, the same work could not
be done in half day.
Tho system worked well for few yesrs,
until the notion found lodgrnent aud deval-
opment IN the minds Of railway managers,
that they were not suitable persons to OPP
crate elevators, and that somebody else
could do It better. Acting upon this singu-
lar conception, the warehouses
were leased to private indi-
viduals nnd The railroads commenced
delivering grain to these iodividuals with.
o"N 'AsA1ts 'n9 ooos 'ee, "1
mere Wefe eompia1nts OK saortaso, oao
inspection, oyercharges, etc. These CON.
plants came not o1ly from The shippers
and consiguees Of grain, but also from YES
sel-ownera who found to their surprise,
J upon reaching Eastern ports, that their car'
goes often fell several hundred bushels
short Of the weight that the warehouse re
ceipts and bills Of lading called toE. TX
remedy these "aetects IN Inc sys
TEN, the Board OF Trade took upo1
itself the duty Of inspecting AMI
weigh ing gram, and they adopted rul'
J requiring vessel owners to take the respon
h'h'l'ty OF seeing that they got the feh
4uant1aes OF gram when tney deliveret
: tner receap" ut the elevators and tooE o.
1nea1 ea'goes' o"f.ng AL ms ''1ne' no"
ever, tnese *H9 no ospo'e on me Pa.s .
LUG 1'oA'a u '.e'ae' :" 0 o.ae' paau
ofeanizaeaon, o. LAG assaueu f'sot u IL
. railroads TO denver gram 70 e'esa1o,s o*ne !.
or opera'ea oy pF'sate pa3l'es' "'tnoo' IL
consent ol 1ne o"ne1a OF eonS'saeea
= II appears toas sne railway aaa e4e'A'e
/, communion nave been ssooSlne Inc laws
t trade to some purpose, during the past ~
3 or si1 years, and have learned to tract1o
t bow much toh onsnea OF gram VIII oes
4 at this point without oeine scared away e1
: tarelS. They know PRECISELY what 1t cos
q to transport gram from tho country to ca
d eago' no" mnch II cos's 70 send 't o5 1a'
10 70 bnhalo' aoa y cana 20 Ne" fotk az
a" no" nneah s"s's'"'aAsl' ~ we pioee
= | growth and transport it by rai1 to toe Eas
p e1n noafkeA Ine e1asa9or men AZ buna
=. have had their minds fixed Oh the Same 80
ea in mathematics, dnf'ng the satne pezaod
70 time They, too, have calculated to nicei
oe how large bite they can take out OF t
Of hushel *athous driving it sway from, the
N selsea- Under ordinary circumstances /
L. lase and canal route il cheaper
Of from i've to ten cents per bushel than e
40 ranroad can casry it without losing none
e Il the h'nehfa FAILS Ship Cana! we're CO
suucted and uade Tree OF If tho "ella
Il Il sana were eniAfsea' 50 shat FesSe'a Of 0