, 1873-07-26
EOT.COHN LAWS.

from llore daily.
E........ a...e-.s.s.e
HOT CORN LAWS.
Despite tho hot weather, tloro has not boon
any posting Of hot corn In tho elevators for some
timc. hlr. Hiram Whoolor'a declaration, that
thera ia no moro hot corn this season than tho
average, is thus largely verified. Tho occasion
Ia q soaaonablo ono to suggest to tho Doarl Of
Trade tho adoption of somo law Or regulation On
this subject which will render rockleBsnoss in
posting corn impossible, or atloast Improbable.
Fa1so posting Of hot corn. fa1so bottoms in grain
bins, ovor-iasuoH OF grim receipts, aro now
historical. During tho yoars in Which these
were practiced, there WIS groat reluctance On tho
part of tho Board Of Trade to tako any measures
to expose punish, or prevont such things. Tho
warohouBomcn were simply mastorR Of tho
situation. Therc waa ropeatod withdrawing by
committeos md tho newspapers woro aH usual
denounced aa ascnsation-mongors, and as libelors
Of piouB and exemplary men engaged In tho
warehouso business. Thoro came tfmo, how
ever, when tho Doard waH compelled to Btriko o
uCAf3 Dl0H ht HtAltA0AHt AOAao0A AA4o bCAAb
dono, 1t was assumed TINT the business
haa been purified; TINT there would be no moro
dishonesty, and that tho grain trade would DO
thoronfter conducted with az strict devotion to
integrity as II 1t woro church affatr md all tho
dealers wero doacons. Tho public oil over tho
West wore invited to admire tho snowy whito-
nosa everywhere visible.
Nevortloless thoro followed from timo to
time extensive corners, and bad failures, and TO-
fuBals to pay losses, and generally as diaropnta-
bio sorambling as there would bo in caso OF tho
collapse Of faro bank. Then comos tho
hot corn posting, mud thon the repets
of special committees tcstifying to tho fact that
grain deposited III tho warehouses hna ooon 80
negligontly, c.folcsay md iudiffonort1y koptthat
1t was actdany dccayipg, and HE propsiotora
vero not aware OF tho fact. a newspaper ro-
porter, wlo ropeatod statemont that tho corn
WAS not a, rotten aa had boom reported, thereby
intimatng that bottor saro had boon taken Of it
in thewarehouso than really had boon, waa de-
nouscod aa IN enemy to Chicago.
Ne published yesterday lotter from ono OF
cir star, who has beon in Iowa latoly, charged
With tho special duty OF collecting agricultural
information. To reports that tho ostimatoplacod
on tho grain trade rs carried on In Chicago ia by
no mcana favorable. It is added that Iowa fur
nishes moro trade to Chicago than Illinois docs,
and TINT tho Iowa farmers would like to DO satis-
fed that their grain ia properly handled when tar
-, Con Ann H..
believe, that ncarly all tho warehouse abusea
haro boon oxtirpated, but 30 long as we cannot
talo rs good caro of corn as other citios do, wo
might aB we'll not attompt to haud1o 1t at al1.
So long as any warohouaoman can, by his own
neglect OF otherwise, get stock Of corn into d
partially damaged condition, thereby reducing
tho value Of tho property; and so long as that
partially damaged corn can bo purchased at its
deprooiatod price, shipped hence, cleaned and
sold at it's original value; and 30 long ns tho
Doard Of Trade takes no action to chango this
mode Of business undor which fraud is always
possible, and will always bo suspected, 80 long
will tho public believe themselves plundorod
whom shot corn" makes its appearance.
NO arc pt1lecLly aware EuAL tu0Io III q Beutl-
mont that this thing ought not be talked about;
that 1t ia injurious to tho character Of the city to
give publicity to my kind Of abuse or dcrelction
Of duty. We do not share in this sentiment. In
fact we consider 1t stupid and short-aighted in
the last dogreo. Is thero not among the fftoon
hundred mon who compose tho Board of Tralo
OF Chicago sufficient regard for tho character
and reputation OF tho city to propose, for in
stance, that ono grain-dryer be erected somo-
where in this vicinity, and that 1t DO FREQ to all
corn, without regard to color or previous
condition 2 It may 10 that the present
legislation OF tho State ia defective, and
that thoro is no power in tho Board Of Trado 10
adopt any regulation which will reach hot corn;
but thnt body can, at oaHt, do it's duty by point
ing out the needed remedies, and by preparing
for tho Legislature ne1t winter such laws as
will make hot corn moro expensive than any OK
listing machinery for kooping 1t in condition.