, 1873-11-08

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THE WAREHOUSE BUSINESS.
r7ho xo,,o.t - .,o oor,n,;t+oa NJ TIM Roara of
=: ,I-- n....,.' ......xz.r
Trade, pubAsnea IN LIE TRIBUNE 'sossotoas'
makoa son1e unploasant reVelation9 toucn1uB
tho way In which the warehouse business has |
been carried on in this city. From time to time.
these Irregularities have boon mentioned ID tho |
papezs elioiting prompt suggestions from tho
Board Of Trade that tho warohousomon were all |
honorable men, and II was not Legitimate |
journalism ~ tor newspapers to intimate That
thay could OF would violate law. They seem to
have got some new mon for committee service
thls time, for they report d state Of facta more
than confirming tho strongest intimatlons OF tho
neuspapors. Tho twenty-hfth section Of tho
Warehouse act of 1871 fB very clear upon cortaiu
poinfs:; II reads az follows.
Any warchouaoman Of any public warehouae, who
shall b. guilty OF 'ssans any wareaouSe leseP. . avf
aus raca,nt ~ 1,ho ,h,l1 ho o,ltv Of
issuing any warehouse receipt in any respect ffauau
lent tn s character either IN fespec' 70 e us'e " ~
G9an'y w ns ronerv ram stora a.con to pr
serve It from fro or othsr sudden nnger without tho
return and cancellation o. az oa's1anane
nay aasv a'ne con,can thorfof be oemod Rty Of
crime and sall suffer, In addition to any other penal
ties prescribed By this act ~ tao ien
,snnaF' sa.rs ''f NV ''' '1' ~''0 "'''' ~ '
! rb;a 7. . daanttion OF the two crimeB,-iasulng
=, frordu1ent v,reho,,se recoipts. and tie fail
rra to canco, receipts mon the delivery Of the
,x.,, - ,1ao nrovidea ,uniabment for these
ora,aaa ,rha offaneoa defined by this section
avn rot nav o,ea tbev ara now forms Of IN Of
,anaa ~ o,d "A dtahouestv itself. Substantially,
.,o ,s.ro ~ vea rehouae roconta for Grain not In
stora ~ tha ro4sano Of certilcstea Of grain al
r,,ar st,,rad IL thu ,,tter;no Of forced. false
nct;tiona and f,shonest psper. and selling tho
,or . v.,r.b,a consideration. And yot this
rornn,tttaa ranort that tbs evidence before them
ahovaa that tho Masers. Hourb have ignored the
.,hova ea,t;o,,; os the Warehouse. Inv. aud thoy
adj +h.t sccor7,ng IN tho toatimony Of Mr,
Mr1rv Na,aon q warehousemnp, all tho othor
x.xabouaaroao In Chicago have in like manner
,o,,orad thu nroviaions Of this law; What docs
All. ds,,,rat,on NJ thu Oommitteo moan? It Ia
i t,.t nyeaara Hougb have porsistently issuod
.-.aa;,,ts n, or.,n navor racaiyet3 In store
and that ven rr.in was shipped they have teis-
;, a~ea t,,a -aoa,nta natosd Of having them csu.
/. - .a,~a ''. aaa ront tham aoo.t for veoks. They
o ~" s,..a.., =, oort.,n srac;ac arts. Bu
- .E,... ..1. ,,p.,,or r. doc,aroa tha
49,, -..4,.o -, ;s.n,,o rsco,nta for or.in not II
l .,,ra m md tho continued uge Of receipts which
i, .,.,,'a ,oa,, rotrroad for cance1tation. II
tho :. eanaral nrsotice u among all the elevator
~: nh,caoo end that in this rospeot tho Measrs
Houch ara not excoptioua. whon the case o.
:; Munn n Scott revea1cd warehouse practices tha
" 49,. .stou,,d;n9 avan to t},oaa who e1paotod t
ham, ~ fra,u,s. tbsro was general underatand
= inc it, ontsilo Of the elevators controlled b
:; thoaa man the business WAS conducted honestl,
4 now comea the revelation that tho issue {
fr,n5n,ept reco,pts, and the reissue Of receipt
- =, xvhioh the eran has been delivered, III til
= canera1 practice, and this With tho knowlode
y y that the jsv had prescribed imprisonment In th
~ ~ pep.t.utlsry as q penalty for such erlmos.
~ - lis fqrthor reported by tho Committee that
~ tho csass Of si1 oaual.boat.. vhoso oargoes wei
"a delivered directly into vessels without passlr
.. ~ through any elevator. tho MessFs. HQpgh ISSUE
v.rohonae reeeipts. which, with knowledge