, 1872-11-30

Nsa', {: nsls -: 1881 ~ ssosss 1856
R11adSs, R5s1, N ~ teet | -: SAL tsss 14s5 81 81
Shingles m ....... ?2o( 1,eL0j| 4'@ttel s9
5sts 5s DRis Fl ::::: 4ss 4ssssss n,ots 1,tss s
Withdrawn from store during the past two
DAYS for city consumption: 4,622 bu wheat; 5,435
bu corn; 6,182 bu oats; $50 bn rye; 8.094 bu
barley.
The following grain has been inspected into
store yesterday and this morning, up to lo
o'clock: 1888 cars wheat; 160 cars corn; ~ cars
oats; cars rye; 75111 cars barley. Total, 4o'13
cars, or $4,000 bu.
The Directors of the Board of Trade have ap-
pointed the following aa Provision Inspectors:
Ezra Taylor, John Hobin, james Mcclure,
James Campbell. With I. T. Sunderland the
present Inspector, these gentlemen will compose
the CORDS of five Inspectors authorized Dy
the recently adopted changes IN the provision
rulea. ..;z,aa
Some time ago communication was received
from Detroit, BY the Directors OF me poaau ~
the construction Of bridge across the Detro11
RT-ar at Belle Isle, by the Canada Southern Aa1l-
road Company. Our Directors refuseo 20 lnaAe
such protest; but the milwaukee, Chamber OF
Commerce IS understood to have indorsed the
document forwarded to them. The matter mas
since been taken up by number OF our RIouil- Rala
rent vessel men, and again urged on the Direc-
tors Of our Board of Trade, who now have the
matter under adylsement. ~,
past will not stay buried, but crop out every
now and then to remind us that the race was
once foolish, aud is now far from being Wise
Chicago passed through her internttent ut brldse
fever about q quarter Of q century ago; st. Louis
only recovered recently, and now it is the turn OF
Detroit to suffer from the scnseless twaddlo OF
men who always shave tho best interests OF the
country at heart" when they fear TINT some pro-
iected Improvement threatens to lessen their
profits IN the future. Our vessel men can tow
through thirteen bridges on tie cnle
caro River, after taking on q cargo OF
grain from the National Elevator, and
think nothing Of it; but they cannot. pass
serious loss. The fact is that the construction
OF that bridge voald open up another competing
line, along which Chicago could ship grain east
ward, and that competition would tend to re-
duce rates both by lake and rail. hence II u II
that an opposition is developed, to the end that
the vessel-owners may have the field to then-
selves in summer, and that the grain operators
of other cities may not be obliged to compete
| more sharply fer the trade Of Chicago.
Thore is now no doubt that the grain ware
housenen Of this city would willingly comply
with the Warehouse lav, and teke out licenses
under it, but for the provision which assumes
the right to fix their rates of storage. This
provision they claim to be rnconstltutlonal: M as
scale of rates would not afford them living
profit on the busine:s, and the figures they ad-
duce tend to prove that their statements are
correct In view of this etato Of facts, 1t IS
probable that IN effort will be made this winter
to repeal that section Of tho 1aw or chanSe it so
as to authorize their present storage rates.
THE MUM AID SCOTT CASE
Secretary Randolph read the following docu-
ments this morning: ,o-o
20 the President and Directors Of the Board q Trade,
GEsTEEuEs The undersigned members Of the
your attention to tile fact that, apparently well
founded rumors are in circulation, and have
been widely disseminated by the public press,
to tho fact that the lato elevator
unn St npn snd G. l. sco Ssat boih aIpassa sbers
| this Board, have, during the past summer snd
autumn, been guilty Of issuing. upon the market
| warehouse receipts for grain in the elevators
| controlled by them, the grain upon which had
been delivered from store. and such receipts
duly returned to them for cancellation, or have
! delivered from store q large amount Of grain
| belonging to other parties, and which Tas
represented by warehouse, receipts held by
tie owners Of such grain, which receipts
required by law and by commercial usage; in
| either case, perpetrating gross fraud upon the
commercial public, and especially upon tho
members Of this Board and their correspond
sons interested in warehouse receipts as q secu-
rity It surely is the duty OF the Board to purge
itself Of all persons guilty of practices 80 en-
tirely derogatory to commercial integrity and
| honor. -.
We therefore respectfully ask that you will
cause an Investigation into tho truth or falsity
| of the rumors alluded to, to the end that,
| if found untrue, the parties themselves,
and, also, the good name name Of ?1.or.s3s our
e ee1ferng T here, may not longer rest under false
Impressions, touching the matter alluded to, and,
on the other hand, Il found to be true We ask
that the perpetrators OF 80 great fraud be
| presented to the Board OF Trade toE expulsion
/ from its membership.
Believing the runors to be founded on sub
| stantial truth, the undersigned hereby charge
Ira Y. Mum and G. L. Scott with conduct in
! the matter referred to ' contrary to the princi-
aotions," and at the proper time will present you
the names Of Witnesses, BY whom ne believe oui
charge will be substantiated.
| Signed by Henry G. Ranney, 9. J. Gilbert,
| G. II. Howe, s. b. McCrea, ". T. Baker, J. g.
Hobb, and q. Murison.
| After consideration OF the case and hearing
! the evidence presented, the Directors adopted
| the following:
Rsso1red That from the evidences submitted to this
and others seainst irs = Mum and G. Z. Scott, it
the opinion this Board that the charges preferret
thess the ns s a
aud g. L. Scott be expelled from the membership 0
this Association. -.
Resolved, That special meeting Of the Board 9
Trade be held on Tuesday next, Dec at W oc1ocH
| to take notion on the case.
These documents we're read amid solemn 81
1ence on the part of the Board. 1t is poss!bl
that the meeting Of Tuesday afternoon will b
fully attended.
. Messrs. Flint L. Thompson hare notified th
President and Board Of Directors of tho Boar
: Of Trade that they wish D committee to be up
r,ointed Inv that body to see that correct AZ
cconnt be taken of stocks Of grain in the Roc
island elevators, and that correct return
nude Of the grain receipts outstanding againt
them. We stated, several days age, that Flint
, | those gentlemen are deserving Of no sma
credit for having thus set the example which "
, | trust will be followed by all the other war;
housemen Of the city.