, 1873-12-15

It ID now nbou! two yoAra hna n f0tf snco tue
tato autl'orttea aeslmea We nepeet'3m "s,a
ecuipts. Tho only plcn which oan justify this
Irbitrary iu.oslcrenca With tho dctatla Ut tho
rudo aud commerce OF the country, OH tho part
II tho State, Ia to prevent fraud nnd pr0moto |
lilo gouoral good Of tho rooplo.
HAVE THESE oR5Eors nEEN Accoalr11snEp
md docs tho result Justify tho b.ato III asstlnn-
ing tho h,stnesH logltimato1y pertaining to tho
Tho factn aro, tho Btnto nuthoritios adopted
tho salno rules atld regulations Tor
grading and inspection Of grain aB praotcod by
tho Doard Of Ttado, omitting the important reg.
nlatlons Of tho Doard of Tratlo TINT provided mn
aggrioycd Ohat injustice Ind boon dono) could
api}cal for rctlrcHs. This Committee Of Appeals
was aldcd somo four or five months ngo,-tho
State appoutiag for Chairman Of tho Committee
a very qsttmaDlo gonllomau, whose oxpertonco
in tho gratn-t, ado Is limited md who, It Is be.
lieyod docs not claim to DO atl expert 1hdgo O.
grap and, therefore. is ill-9ua!itlod to ovofrMio
tho Judgment Of on oxporionced inspector. tuo
for tho regulation mud cancellation Of warehouse
receipts. such as tho board Of Trade inauEutatcd.
-also defining tho dutios mud responsibilities or |
warolouso.nanagor aud appointed oIlcefs gu 70
mony reported by tho Committee appointed to
investigate alleged irregularities AZ sno Houeh
Elevator shows TINT .
Tho Testimony Of tho hoEistrar boforo tho
o II toll Mr. Wright If tho investigation was to
take the scope Of an inquiry Into tho ,say a this
thing was done III my oi}lcc, and 1t, the inspect
orb Office ko tint hositatea somowhat no." a IL gD1
veTy naturally occur to almost anybody TINT tho
thing was worry loosely managed in my office, in
caucoling thcso receipts, aHa incidentally rcg,s.
teriug them. But, when tho state assumed tno
inspection and registration, &C., and wont INTO
tho Office, I, OF coutBo, carried out that aystena
Tor something lihn yoar, md I saw that What
was tormod thoHo Inspectors reports woro' altoI
oil, good doal Of farce that We had s9 dopend
upon tho elovator-mon for tile Information any
way" (pnges 80 and 4o).
It further appears from tho Registrar'a tosti-
n,ony that tho A1ossrs. nough issucd warehouse.
receipts representing six boat-loats Of cofn thet
receipts wero duly registered, ,-certinea % gonu-
Inc by tho ofllcal stamp Of tic State. suppose
thpse receipts had bcen issued ly hlunn d
Scott aud there WAS no George Armour %. to
stop iu md savo the public from loss. 1t Is
oasy to Hee tho law, unless II can pc on
forced, ...
IS DANGEROUS ONE
| migloading the public; and it may bo a question
II tl,o Htate would not DO liabo to make good Tho
fictitious or fraudulent recopts,- tho otficlal
STAMP Of tho State having given them currency
mud credit.
At paeo %, tho Registrar teatiaes Cam
|
In Wow Of such testimony ns this, land there is
pors,-~it ia not surprising tho Registrar ehould
hesitate aomowhat u going inf9 aa IN inquiry NJ Try
Office. and into tho Inspectors otlleo," oto.;
that It would worry naturally occ1if TO almost
anybody TINT tho thing was very loosely man
aged" etc.
From tho foregoing, and tho testimony {. o.
it il quito evident tho State authorities have not
introduced any improvement III conducting the
business and that tho laws enacted to govern
warohouBing Of grain. aud registration aud can
collation. oE warehohse-recelpts,
| ARE NOT ENFORCED,
and particularly tho Inv requiring Warehouse
managers to take out license, and Eivo bonds II
tho penal sum Of $40 ooo. conditioned TOR T., ~
aud uuresorvcd compliance with oil la"A Of th'
State in relation theroto. It 10 equally clear tbs
State officers havo not corroctod any abuses pre-
viously existing, From tho testimony sn, beioI
tho Committee md accompanying thoir report
It ID not only ovidont that tho law renting TO tn
| duties OF warehouse se-manngora Is daily alaro
garlod, but the testimony Of the Registrar (pag
80) shows that somo OF them, at ieast, avowc
tloir purpose to
DISREGARD THE LAWS.
Tho Registrar, meeting Mr. Mum (ot the tirn
Of alunn l. Scott, Says to him {: -" Mum, yo
: see hayo got tho appointment OF kegtst1a'
sWoil,' says lo (Atunn), what arc you going t
do about It'll? 'Woll,' snya l, ! am gong
nuke you conform to- the lava aB VOL as can
WELL says ho (Munn), y shant pay any atsen
! ton to the law ut all,'" etc. III view Of TIL
frank arowa1 Of Mr. nlunn, that he (or his firm
would not pay my attention to the law It It, miSl
: vigilance oil tho part of the State otficors to pr
vent the frauds by that firm that we're SO SLIT
k lingly developed some months later. a'nountlr
| to several hundred Thousand bushels OF gra
u short in their elevators. mud for which 4loy i1
|, hyrothocatod their warehouse receipts to ban
!, ers for loans Of money.
G II further ev,dance is wanting that the publ
: Gro not protected against fraud undor the Sta
management Of registration and cancellation
3 warclouso-receipts,:
o WE HAVE IT
i in tb;s Testimony Of the State Registrar, pngo
o wheu he saya 'sThe law specifically provid
o tliat We Bball saw registered for cancellation
a t.atnnan ho,5sc.roca,nta> The Chairm
!. T,cocsts, "It in only with view Of prot.ctit
!, tho ,nbiio,n Tho Registrar roplios "1sle prott
10 tinn Of tho publjc is not accomplished, AZ 81,
1