, 1873-11-14

hands Of the army oflcora, 1t waa not only
efficiently but honestly performed. Tho ofloors
hnd characters at atato, and did not forfeit them,
and commanded tho respect Of tho Indians.
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NIB. 0LARY'B BT0RY CONTINUED.
We print this morning another inBtal1ment Of |
Mr. Stephen Clary's statement before tho Waro-
house Investigating Committee. Mr.. Clary's |
style Is peculiarly Lis own. His confidence in
hiu,self and in his judgment is strong. Ho evi- |
IDENTIFY has no doubt that in making Tim negis-
trar tho State secured tho right man in tho right
place.
In Quo part Of tho statement he makea tho deo-
larntiou that at least por cont OF the rai1road
receipts Of grain arc not registered, though they
20 Oh the market. This statemont may DO un-
dorstood by tho trado, but to tho general public
1t ie susceptible OF diverse interpretations. Not
understanding 1t ouraslyos, We forbcar comment.
In anawor to question concerning tho alleged
Irregularities Of the Houghs Mr. Ciary enphati-
cally declared that ''As God is my judge, new
OF had any understanding with tho Hougha."
Tho Registrar gave some curious testimony
It, these splits are liable to bo. and arc Homo-
times, abused. A. man rocoiving grain in num-
ber Of cars receives warehouse receipt for tho
WHOLE say 40, 900 bushels, which receipt il regis-
tered by Mr. Clary. aud becomes at onco nogo-
tablo. / The holder Of this receipt thon takes 1t
back to the warehouse, and rccoiveR in lieu Of it.
eight receipts for 5000 buahels zach, which,
upon presentation to Mr. Clary, arc also regiH-
tered, without any evidence that tho original has
boon cancelled. Ordinarily It ia fortyeiglt hours,
but, liko any other arroarago, 1t may be much
longor time that the original and tho eight
"aplits," representing $4,000 bushels instead Of
40,0 900 buahcls, may bo outstanding before tho
original is cancelled. Considering tho fact that
these eight split rocoipts may each change
hands ten times In single day, tito
duplication Of tho. original receipt in
this form may be Of immense use
| and profit, especially il tho market DO
rising or falling. Mr. Cary says that he man-
ages to bring all things out right in the end,
and ho thinks that to require tho original re-
coipt to be cancolod before. admitting tho
"srlits" to registry would be m Inconvenience
not compensated for by tho prevention Of dupli-
cate receipts for tho sn,ne grain. On this point
thore is room for difference Of opinion; and
the Legislature, perhaps, upon hohring the facts,
might put q stop to tho abuao by requiring that
no grain HhaQ DO delivered and no "aplits
issued until tho corresponding receipts havo
boen officially cancelled. Tho great point sought
by the law is to provent- tho circulation Of any
receipt after tho grain hiss been delivered aud
this can only bo done by prohibiting the dcliv-
cry Of any grain until tho receipts therefor shall
have boon publicly Cancelled.
Alr, C1ary Atates that at the beginning Of the
pnnio tho Houghs wore in arrears In the mattor
Of cancellation; so WAS Murry Nolaon, and $50
was everybody e!se." 80 bud and go gonoral was
this condition Of things, that Mr. ClaGy wont
round among thom. Ho exhibited a letter which
le had writton to the Commissioners reporting
thon,, with the amount Of their arrearagos Of
uncanceled receipts that Is, the amount Of
grain they had shipped out without oanco1ing
tho receipts. Ho threatened thom with tho law,
tho Grand Jury, and the Penitentiary, and also
with tho publication Of their conduct. h1r.
Clary, in speaking OF the effect Of his warnings,
said that the warohouaomon "did not care a fig
for the law" Grand Jury or Pcnitentiary, but
did caro- great deal " about the publication Of
tho facts in tho newspapera. This hardly agrees
with the high-aounding contempt which ware
housemen are supposed to entertain for news'
paper comments upon their tranaaotions. Tloro-