, 1870-01-16

ooH pt'SeA Nelt uEW 81 f-sNat.t3 fhT lleEi0r
choice. Received, sA head.
The Warehouse System.
The subject Of registration Of graiu rec:tps:
Continues 70 be the topic Of discussion on 'chauxe
AID Was dAeosEed all the ncre vigorously to day,
lcstmuca as contemporary, II making whas
was evidently intended to be q strong defence OF
1ne warehouse system. made several statements
which tend TO place the system IN mach worse
light eefore the comnrnisy than has ever been
charged upon publicly BY It's moss de .tded op-
poncnts. We must respectfully ask permission to
ueDy the Charge. made IN soNs Qua1tcrg, that the
Chicago Tmes is the organ Of the wareao1aeme "a !:
the thing Is absolutely impossible. S1ch stab
was never before received by any man IN the
hou:e OF hts friends, II all the practices
admitted oy the Tia4es were really sub
Ieet to proof, more pungent argu-
meet could surrey never be given
to ahow tremendous rostenueIa ain the state OF
Denmark, " and the necessity fer Iaoss thorough
purgut:on- II 1t oe tue, u the Time. Implies thsr
no regulations can be admitted, which wllt inter-
fere with the OF elevator p.oEtietors to Issue
receipts for grain not In their poa&esstou to charge
storage on grain which never goes into their bins,
and to ,rade al h5'tiu, on the property OF other
PEOPLE which has been conhded TO them for eafa
keeping, and for that pn71pse only II II be true
that they must be permitted to do all this, And
without intefeserce Or Investigation that the OWL
el1 Of property IN TINT cata canrot eren have the
privilege Of knowing Whstter their property Il ia
store OK not: II MI thia u necessary 10 saye the
grain trade Of the city nom coapse, them We say,
the toocet collapse come the oei1er.
We Co cot believe that The grain trade OF this
city, ard OF Milwaukee, Is In the unhealthy con
diton insinuateo, but thls We DO know, that tnere
II a widetpsead feeling Of dissatisfaction with
tie wsS IN which the buslEess IS conducted, and
the hundreds Of Operators 1h:ac ca,ses a.e " not
loud bn, Deep" Keep quiet on tic subject OF
teetf alleged wrorgs. because tas sncy claim, to
complain would be to s5net the peEalty Of snc!r
rasouess. in uuenv.atle dlscr.nlnations made
aSalnbt tSetn whenever they wat TO ship gram
out CT o1e OF the houses eelopg!rR 10 tue CON-
oirhEon- We do not profess to kEow th1s these
mutcred complaints ate JUST, nor wiab to as
surue that they are SO. We have, however, taEea
the position thst where an individual,
or rCmeer OF iudlv!dcsls. believe thercselyes.to
be subjected TO BlstemaiIc unfair treatment. they
have the HRht TO IN investigation, aad the person
or corporation comp!alne,t OF will never oppose
an investigation, properly cocducted unless af,a:d
OF some 1nlrgs bsteG brought to the light which
have hitherto beec KEEP: dark. Al we understand
II, the present movement is simply to Dee II mu-
tnal conference between tie parties wtll enable
them 10 deyeiop 3 pan by which tue holders OF
grain property can keep proper track Of the bust.
ness, and ASCERTAIN for themselves whether or not
the amount OF gran paper IN circulation At given
time fas the requisite grain 10 back It, or whether
tfey a1e sinplv trading N ahlnplassets that 1lay
never ENoT redeemer-
Th,s1s al thu. /. asked. AMI there surely must
be something very bad In the system Il 1t will 10:
eEen bear The attempt 10 rcd oat come way OF
a!rarsirc the nastet 10 the mutual satisfaction
ot the parties concerned II the attempt should
fall: II the warehouseMea should he able 70 show
that It w:i Eot ba practicable 70 admit Of system
OF registration which viii permit holders 70 keep
tally OF receipts and storage, then they would
have cone their duty, and operators woult Prob
aely accept the!t fare vttn becoming Resignation.
Il this p,oof be not furnished we presume they
viii be obliged 10 submit IN that cafe also; but It
vii be with An Iii grace, and 1t may lead to q
[adca! change IN tho whole 81 Jsteu.
We moy confess to a state Of igEorarce On the
sIbItct, AID without special b!aEe, because there
are very few even among the Oldest operators,
outside Of the charmed circle OF warchouzemeu,
a ho can s1y that tcey know A1Jth.Dg about tae
matter. II IS Dns, therefore, IN caEp.Rg spirit,
hat We submit few questions some Of whIcn are
g,eased BY the article In the TiBles and ast for
Information on the part Of the public, from those
1to are posted. !
1t las been asserted that the rronts OF the |
elevator hustncsa Will rot average ten per cent On
The cspttsl Does this mean ten per ceas per |
lnrum Oh unwa.ered STOCK ard, II NOT. What |
are the aversae rrcn.s
II It possible for the holder CT GRAIN recent to
'atsrg himself that he Ia paying 20 more eto.a3e
charges than are really due: !
Does not the fact that. except IN special cases,
he :cenlea1 parcels Of grain received are 20. de-
lvsrid, the grain being stored In conu.on Ette to
he receipt holder contingent interest in ali the
z,blu CT that grade which mar be IN store Ana |
las he not the right 10 be able to Ascertain how
nUca Of .has particular grade is on naId at the !
locse from which he ho!ds the reeeipt!
L. It possible, uroc1 aay clscuE1 taaces. excerpt
}. plisa'e arrangement, to ascertain ths iu:t: |!
I'd aTe those pirate arrangements ever entered
nto7
Is not such private krow!edcc Of great value to
aFues procuring 1t: and have parlea Interested |
! The elevators been in the habit Of u.ir11s to |
1eir own advantage:
Has ihtre ever been a case in this city IN which
TMehousemaD, slso eCeogtd az q shipper, maie
tac'ice CT ehs7Rlrg tee best gain Of
particular grade, on hrs Own ac-
eutt, and pult!rg the wors: io:s
to the bin from which tte miscellaneous crowd
I operators xas serVsd-sne:eb5 ,e,l.z.nR a al.
:teuce OF eta &c per buahtl? ALi wol!4 luca
roccdure be fatr +:
LAS 1t ever teen I1oFn that a wsrehousenan
eu.d ship ont grain which be believed VIVA rrAale |
Seep, alt1 then raise the cry of "hos, so II 10
e able to bnJ up The deprecld.ed PAPER At profit
+ keverul ccats Fer buthel ARA Is this legE-
ia.e way OF savlrg tie oatslds g,aln dealers Of
&C ci:y from ruin:
II property on storage IS IN danger OF depsecla-
o., who has q betteF r1gat 70 kro* the iaI,t thai
1e owners theleol: and can my Plea 70 tho cop-
ary he plausible eaoc2n to stand etheE the legal
tie moral test:
DID 3 csse eve. occur in which, dartrg the e1-
teueat CT corIcr, cersaIn wA.ehoaseMen !
ysst IN hp1 A
1.tels Of grain mere than they h:ld II asora, ard
co1,rAc: the:z culseacy alter t.e correr hal
lbh;dctl, b5 OuylGX II IL al rtlucsd pIlcer
Has ctt this been caa1ced on several cccai:oos.
ed can an loscsl Eaa be.!et afford 30 sad The I
icesi iread lnp1tai,or, or to give tho pu5.:c the
l2orluatty 10 prove tae. tae tLputat9, Is
iSe.
Does not the grain trade OF Chicago t1ger rlo!e
or these inpulsao-s taaa It WcG!u troM l
1aRhtIotHa1a co11Ec, n waieA tr4Ie should be
lowed 10 run IN Us natural cnannel+ AMI isi
-stitle that the bas.nes5 Of Chicago Il 50 exceed
sly at.Gc.a. as 10 require bo;s.erog mp by tie a.
tees spoken OF N tne Ttmesf
Would It lot ba mole to the benefit OF the trade |
tbs city that the Complaints OF cn1osry sh5sers I
oolG be p.ovei to have no foundation tbaa 10
tempt to continue TO ben: other c.e.cs by uudsr-
stded rrocedu1es7 And does MAD, OF body
mec. dtstrre to succeed haslhcss ca1uos be
'kAu<lets E&a4EAS1 49At!5 VfeAya H1A AOUFE |
,aIu?
Is 1t fair that any Uan, or set OF ner, shoold be
lie to tncersell others Ii M open tcaste: By
ting tie property Of those o1Geza as the n cans
enabling HIN 10 du 80:
Do rot the ware1cusemel OF Chicago OCCUPY !
Is aLonalsus poalaou And Is tie coatinu aIce |
such s.ate CT rnlrgs necessary to prevent :se
lunc:iou Of ouf Esatu narkss7
Would It 70: be muca better to EaEc tho gen-
n NE q M f,f mi hrnf ] .
rs OF buJfrg AID sel;ing, By giving 10 every |
orator the right 10 receiEe aud store his grain i
tete he rieastse AID can tats nts dune LuR
tEcut eEtalitpg las suit on fFery carload teas
tai en- olt OF the aanas OF the elevator men1
II these questions cauno. te Enthusiastically an
cred, It mar, pertaps, be possible 10 ass afe9
IRE Whlca Will re ulre easter. We do NOT,
Rtser, tuIFe ke I: VIII he recessaD. We caye |
0cp9 given the ware6o0=t1ta credit tu- Kaol
ard ags only aarEy 10 see taem so I
ze1ioCsll N.®resenteo by ther EIs2oied
enoa- 1
HICAGO LIVE STOCK MA2EET.