, 1873-11-13

benE esneolol and then aRat, upon tl,o market p'<
fa1r.hon Canrclcl by lno2 40 'e"'
Mr.. 1'rcaty--Yes.
II; Tha coslxmoh oalrmo3y%s yss; ,oou ot ~, .,,,,,, ,
was awsfa of tlc WV this h,ns WAS @ .lo"? ''"'0''
Tho Chairmn1-Ad 1t waa duuo ,lut1er Lila t,st,
Hnn{fovn7 IT. 1,i.., ,... 49,. s-,,, ~ '''' '"S'
vesRns a'ttsSGT en ts paS 's I'll? present Board Dson
M, olsry-I was coming 10 That. When tho present
wnter, explained tlo wboo Thing to theu, aud tlc
way Idi1 II. VOL, they gayo no rartcnlar assent,
thought % s Jest way as"tae and Vas 'si ssio.
After that tho subject up IN conversation between
yi' a.fs sa y.ns1 fn Snen 9s
j. 1Gs IT, souo to @ Oh
Tho CAarinsr-Wllat DO yn,t mean by tho old
ssystsm the system ~ practieod Dy lho Board oi
Mi. onry-1 suppose 50 ycs, sir-of checking IN
before You registered lilo receipts. >, "''"''s "p
noard q Traao under ia rsssirao would @ no asi se s
n,y,hins until everything was compared md checked
Mr.: clary-Until thoy were compared, It vas noces-
sary that tia new board should isaYe rules and reg,l-
sssssSsa ls ss anG I n sus
tion oi receipts there is statute Inv upon the s
ject at s Ind written out tho original rtcs Of iae
copies Of tho old Board Of Trado regulations: and
also wroo out the new regulations, which simply
ySsed , IN some 'nessesl M parcu!nr but nut it
thls case thhtt tho Registrar was sah1ed that these
10 might resstsr them. Wiz % Vsr to to taEs tbs
tempt to throw upon anybody elaos shoulders And
may aay that tais is the rat time that anything wrong
has grown out oft It lns heen unfortunate fact
frequently found mistakes but we never found an
attempts nj fraud>we found mistakes, but wo never
found attempt 4 fraud anything Of the kina.
III fhnAn hal trt4t
posc instead Of elevators Ill being managed by r.
spon.loe nrns-suppose there had been astompt to
rcgstraion tha. thore hare boen SERIOUS frauds
| perpstratcd on the rubio7
NJ os sSn!pd Swm Spnt9n ts II IT, oTn op1
commit ths to ~, i hoy w wxaned to 10
Into store hey would gathor up cse ticksts from t6e
cara and palm them on on the Inspector there as II
SS my N.Y. os Il wo bs .vn vsry tulS way oH e
TO attempt to issue receipts for the car.numbcra til
ear-number now has to bs on syery receipt would
he very ey attempt ut fraud for tho to issue tose
when they disagreed with the report Of tho elevator,
which we would have, at any rao, the next morning
house receipts here are given ono day and paid ths
next Gould not an elevator concern who ta disposed
dny previous and fall tie next day7 Waat renody Is
IS: Gary11wel1,: ju.t the sa,ne remedy that there
aod sSS 1sis net as sii M t. e1n tr'a ' 'a '''s
H. eos,@safMMu oarf Rsfap' pc Wanted to commit
fraud-becluss wo would know 1t from the rcporta
which would get from t!e elevators and they would
know thoy would be detccted 1n TINT way. Now, the
Duckinghams can commit a 1orts Of frauls On IL In
tho way they mako teir reports suppoae thoy wero
down On s LOOK as hey rsned to Ss as
spoa T a Mua Eey HSfen canot nSea apv
plan that will stop men from committing frauds but
human Ingenuity ss been very s3ecesstal In detect.
my otca to bo, It is not 50 much to prevent fraud
not % much 70 preyent aa to detect We did not d.
as we ought 70 Il tho Inspector Up there lad attended,
to his duty. But ho saya now, as understand that
ha es thsass aay saqsasy
The Chairnlail-Wel, It ia livery uatnral inquiry In
view Of al thisof what practical IL the yegssza-
lion
Mr.. clary-To dotcct fraud.
The Charman-Eqt 10 prcycnt7
r It. eeln;ryN9 air IL eannot prevent c,, ;.
'ssfFa e. esrsSnssg t. tsess 1SsS7 1s's twice s's7
Mr.. olary-you moan rccepts Cancelled In my oalce.
tell you, Mr prieztly, HE original pnnacea for a til
troublo Of: shipping olr grain without cancelled
ccips. nnl that s I'LL thero OF It, wss that II the TO
CENTS could bs presented IN olcs for cancellation
know that their receipts cancc!od when anything
was shipped out. knew that tho practical working
Of sss do sSs nn sst hs only
in tho way did Tint when wo ship out anything ws
knowitC.they must return to us,--and ihat Is just
taEe those receipts aud check thon. oil viii tia re-
turn. They do that, but Tho Inv aoea not require H.
wild o .ho rs W these esneoied NJ receipts. 4 siso o3
the elevator peu that II they would loan lis these
Il s tss " ssa ssa tel @
was to keep theae receipts, aud tho del couldn't tell
Il The &c, claIrlnaa~pp you SEQ tho receipts now, Ill.,
Clary7
Mr.. Clary-Yes, air; see them cancelled.
NJ H. Hoog hsns prs,s to s 9hsisns
es ene A'
nsy 10 say he had shpped boat }or soe receipts ihat
tinct thu. hs could not nutica it. .
Mr, Il. u. Hough--Iot ina toll you about that, Mr.,
should to-day-that bundle Of recoipts. Some Of them
pre- cancelled md some are not; hui suppose all
there, ind you lont take out I'll that these rocepta
call for, son,e part Of that Is left back there, but
i saVo es{ ees sng mt
Mr. rrosyEDon't YOU think that u vory irregular
way7 80
nrr. n: #. Housl-wcll. aay that has happened.
Tho Chair,naA-Now, you take this rceept and II Is
registered cnncelea !" is there any obstacle to is
au,ng receipt and having III place
Mr. clasy-No, sir, no obstacle. .....,.
The 0hairn'an-T -Thereia 10 obstacle to that1
hfr. Glary-No, gir. '''
The Clairman-Ezeept The labor. a". .->
Mr. CIar5-Homn of them do 90 sor1o OF them de-
shne to aoi These receipts ars just good for the
delivery OF grain after they Cancelled tn my Of
ace tAcJ wers before. aud they could not atop in
the hurry ol business, to make duplicates and the
ton BY mo ~ -,of no earthly account what-
Ssef ,iI, the ng'rinR On my book; and when
the bill was pending In tho Legislature last
Winter r1to M h e aoms parties tha it would amount to
a. say, some parties hers thought ii was panaeea
for ,eyerytlins L j. cona opIy 70 p,ssed-thst Il
% expected. Now, 1nan will 90 down 10 Armour J.
Doles Eleyaor this atternoon at O'clock and he has
got receipts for 1000 buHGa Of grain anl they take
lhs reseips M e,a they gye hn, ii order. Now, then,
because wo lays not go4 them Cancelled. What you
want with ne-Nhat you 9ant witA the neglarar's
want to know when cargoea are shipfed cut that
Gsipts for all nquiya1cnt amount haye been cancelled.
When you know that you hayo got al thu gist Of tho
whole t4lg ,n connection with thls bnslncss bocec
II the elevator ao lnala to do That PROMPTLY
thPrp Is no danCa- OF re-esuinR fraudulent rrrnna