, 1874-01-16
teroata Of tho Wost aud NorthwaBt IL this Bpeou-
latiyo elomont wore taken ont Of this market.
Hoportor-po you think such law could bo


FORMER rzaranGr1ov.
Mr. >How-Wo had pnoh law In 1871, but II
was ropsalotlI and forty q any # tho nae!nboiu
OF tho board wore arrostod and ta1ton boforo
Justlce Of tlio Ponce. Ono Of them nsl.od tho
Juattco II ho thought tho pnrtios would have to
sxef oeeps the IND Stss sas e. a 's aa
yoli can eoo wllat big fool ho '7ns, for could
10000 bnallols Of corn or 1000 hogs BIO delivered
in tlliB ot1ico7 That the law aaid tho possession
OF warehouse rocolpt WnB no eVidonco OF own
tho corn itBolf would have to, 10 talon to tho
buyor and delivered to him. It was rc..
pos1od WHOM It's .bnurdtsy Tas H. t9nnd
tion Of Its provisions, ono-hn1f tho nno to go to
tho info1nor. a fellow named Goodrich went on
'Ohapgo and took namos, thinking ho WAS going
and ar wantod aoodrfch to do tho Same to soouro
his appearance, but ho went away, and tho oasea
III Mr. Bcnaloy-I do not think It could DO on
forced.
bIr. How-Noithor dc, +. D.,
Toporter- What Do you think Of ita oiroota
MIR. How'll would
Tito warehouses would DO filled up, and any ono
could buy at his own price. There Ia o great
doal of business done In wheat diroct with New
York.. Ordors como for 5000. q, 1000, $4,000,
or $4,000 bushels Of No, q to arrive
" " 70 Moot % tho saea Ia and thia Is What Goops tho
narkot strong all tho while. Tho grain has
bcen sold in New York, and is bought hero aud
shipped.
for small lots, and it could 6o bought for much
less price.
llr. How-Yes; and It man went into tho
market, md bought 10000 or $4,000 bushcls,
largo margin. Now. he tclographs to Now York
"aoll +" and gota tho anawar Tsold," aud knows
what to do, and ho taltos tho chanccs.
4 oAau BAs1s.
Rcporter-.Cou1a tho business DO carried on on
hrr. How-A smalt business only could bo
done, and there would not bo much use for d
Board of Trade.
Mn. oULBEn1soN'a yMws.
Tho reporter next saw Mr.. Culbertson, Of Cul
bortaon, Blair i Co., provision dealese.
RoportorWhat do you thiuk Of tho proposed
"OptIon" law?
mir. Culbortson-1 think 1t is absurd.
| noportor-Would it benefit Chicago?
to everything. It would deatroy business horo
and everywhere else In tho State, and material,
iniure tho interests Of those who do businost
| with tho Board OF Trade.
Reporter Would thero DO any Board Of Trade
| II aurh 3 law WAS enforced ?
] TIE HOG DUB1NEs9.
Mr. Culbortsou-No. Five mon could do al
tho BUSINESS. Why, no ono could do anything
= house tho Government could not buy pro
| visiopB and, instead of over 1,000,000 hogt
being packed here, 100 ,ooo would DO q big mum
| bor.
Rcportor-What proportion Of tho packin!
| business il dono in optiuuH
Mr. O,1lbortsou-About nino-tonths.
Roporter-Wouid tho producer got as 1nucf
for his goods ii cash wore paid him2
MIR. Cu}bortson-No; not by one-third. No
body can pay cash for everything.
| RorOrtnr-Hnva rnu heard nf Arv mn Sr1,o Il
! in favor Of tho law?.
Mr. Culbol tson--No, and don't believe an
fellow takos stock in it who Inns anpthing to lose
| GENERALLY REGARDED AB ABSURD.
Tho statements Of the other Benticn1on Whpr
| tho reporter saw were substantially tho samo a
those given and 1t is safe to say TINT tho law /
regnraed By al interested parties as absurd
and that, II passed, it would DO dead letter.