, 1873-06-28
HOT CORN.

and Directors Of tho Board OF Trade, tho other
day, to mako d certain investigation iu pursr-
anco OF certain roBolutionB, tho first md prinoi
pal one of which is Us follows:
Itto{rcd That Committee Of three be appointed by
tho President Of this poar subject to tho approsa! og
the Directors, and that this Committee be, md hnroby
Is, instructed TO mako full and careful, and Impair
a1 investigation Of tho ncts Of tho posting, and tho
for tho posting ot tho said cor OF the effect Of
said posting tho value Of In this marknt, md
Of the facts aud condition Of tho subsequent With
drawal OF tho postcd corn from store, with tho Rate
onts Of tho partiea who withdrew tho coru, and tho
State Inspector and his deputiea who oxamInod 1t
when shipped
Tho Committee so appointed have made
short report on the subject of hot corn, and sup
plomontod 1t with long 1ncHB Of importinence
concerning The CHICAGO TRIBUNE, winding up
with the following eago observations on journal
lam:
We feol compelled to say that a!ancrs, untrth and
sensation not news It IL something less than
torpriso which publishes tho news, and tho pnpor
which gives utaEance 10 60 groaa and needless libel
e1crcnes disregard for tho fair fane Of our city and
Its citizens. The faults may hayo In system Of
handling grim DO met and corrected by fair mud
honorable measures. Mono other aro worthy Of us.
j. ". sYKEs,
HENRY q. RANNEx,
Asa Dow,
Whether ISLANDERS, untrutl, and sensation
arc characteristic Of this paper, We do not
choose to discuss, except to remark TINT tho
reputation OF THE Tribune for truth nna
veracity will compare favorably, both in tho city
and out Of it, with that Of tho warohousomon
and the Board Of Trade.
The Committee; in tho brief paragraph which
they devoto to the subject OF hot oorn say that
"Ihore was sufficient legal aud prope, oxcuHo
for posting the corn out Of condition in tho two
elevators spoken Of" That thero waa sufficient
| legal excuse for posting this corn has probably
| boon shown. Wo suppose that any good o1imi-
nal 1awyor could secure an acquittal on
| tho facts under the statute. THAT
there was proper o1cuso for 80
| grave IN net, which act, and not any article
| IN TIE Cn1oAao TRIBUNE. caused tho extraordi-
nary decline in tho price OF corn and brought
disorodit upon this market, we firmly dony.
| That an Investigation into newspapers and tho
rules Of sound journalism should bring out all
tho faets In relation to hot corn, md the propri
| ETY. Of posting it aud knocking down tho market,
is not to DO expected. But NO find some tosti-
mony not aupproaHed hy the Committee to which
we wish to diroct moro particular attention. Tho
first iB that Of Mr. Hiram Whoo1or, proprietor
| Of ono or both Of tho elevators whore tho post
Ing took place:
Dy 8. Hiram Irheekr-Erll, don't beli1rs that th4
percentage g} hat corn This year ia than The dpef
age.
| Will 1lesars. Sykes, Rannoy, and Dow pleasetoll
us when the last posting Of lot corn took place
Was 1t last ycar, Or tho year before, or tho year
before that, or tho year before that? Our roo.
olleotion IL that it waB four years ago, but wo
may be mistaken. It was certainly 4 long time
ago. Now, we have tho testimony OF Mr. Hiram
/ Wheeler, which VIC have corroboratod by inquiry
in othor quarters, that there is moro hot corn
happen that hot corn ls posted this year, audi tho
market knocked into flinders, when 1t ia not
poatod In tho average Of yoars-whon 1t
has not boon poatod for. say, four years back ?
When Messrs. sykes Rannoy, and Dow write
their uoxt essay On journalism, nc bog that thoy
will mako short dIgresslon In order to answor
this question.
Again the warehouses Of Flint l. Thompson,
Armour, Dole i Co., aud tho Mossra Duoking-
ham, hold llore than 75 por cent Of ali tho corn
In store here Tho CRY Of hot corn lsa not boon
raised in any 9f thoHe warehouses. Why7 Tie
presumption Is, other that thsro is no hot corn
| thoro, or that those firms have too mich
regard for tho reputation Of their houses, and