, 1874-02-24

u 1H1BUNE: TUESDAY.
aetlon9 ot tho. whole. stato."' Whether
opinion referrod to, It docs certainly miafopro-
| sont tho action Of your Dosrd Of Directors, and
authority grantol by its chartor, tho Association
annually 8oioots com1ntttoca Of arbitration and
appeal to wloHo declaion questions Of dispute
and enlargement arc. b.! mutual consent, ro-
onco compulsory. The Directors do not adt
IS arbitrators, s,-tloy noithor aHaoHs monoy-tlatn-
ages nor ~ ontor deorees for. payment Of
money undor ronalty Of dIafranolieon,ont."
and olroumstanoos, discipline mom6ors. by
| temporary suBpenslon, lndor authority conferred
npon thom by . Iuio, 10 relation to which tho
eSRsS@s oqS1t ws G tue a s,stS Of s
undoubtedly waa to promote high standard OF
CITY Of Chicago, by securing among tho mombors
peoe. oSaaoaRs Rs0@R WRo aSGss5se Gso IS o H. their
Inv. In order to accomplish this I'' - tho He
ohnrtcr authorizes tho Board to oreato
arbitration by whose dooiaion tho n monbora ,,'la
flno tho Board to tho lBc OF thoao means for tho
attainment OF their objects. 1t expressly glvoH
~ H. pVNef VI o4pA's!ou, h1u unuaf that power
tho h., corporation has adopted this bylaw pro-
vfding 1t a membor falls to comply With bltai
noss.contraot malo with nnother membor he
shall bo expelled, md III our Judgment it Is woIl
adnpt9d to secure tho .ob)ceta which No have
credit OF tho Board" Tho Court goes On to aay.
That corporation purely commercial In its
character would soon coaHn to bo respectable or
roepGesed ,9al,aes IT T. tolerated amonget is
contract, is too plain for argument"
You arc. thorofore, to DO congratulated in hay-
ing charter, rtllesf md bylaws that havo with
stood the 3 most force assaults, and TINT, by ro-
IcIrluB utsputcu questions to your orn ohoso.a
tribunals Of arbitration, you can givo dcolatons
according to equity ind justico without Aoall-
ing into roguaitol oacl, yoar every form Of action
known II American jurisprudenco,' s,,d you can
avoid "tho expcuoive aud dlatory procedure Of
tho courts Of law.h
GRAIN INSPECTION.
NonliztnE TINT tho improper and dtnperfect laws
regarding tho inspection Of grain weie working
Injury to all classes concerned therein, the Board
Gonoral Assembly Of this State, scok to sooure
such changes In tho Law as Wero. in their opip-
ion, demanded by tho interests involved. To
this Purpoao, committees woro appointed to velt
ing members woro publicly ndv!sod to give no
hearing to tho Committee from this Board thoy
were courtoously invited to attend joint moot
ings OF tue two Houses, aud IT ia believed
ney ney IN TIN in oStsn
Low that heyo proved Of great yaluo. Thoy, how
ever, fa1ed in influencing tho legislation doacd
most desirablo. It Is we'll known TINT tho busi-
ness Of inspecting grain was assumed by tho
State by virtue Of law enactod at tho instance
Of farmers and country doalers, who had boon
made to believe that the business would DO moro
properly dono by tho etate than by tho Board Of
Trade. While IL may he due to tho present
Board Of hallroad and W4rohouso Commission
and Warehouse Registrars, to say they
.. se'fs s and InSss sought sR1 To- 70
know tho vicwa aud wishes Of tho mombors
Of your body, it must also be said that unJor
their administration complaints for unaatis-
factory and erroneous inspection havo boon "a
frequent as before; and that, notwithstanding
the object Of tho law, and tho plain duty OF It's
house frauds. tho members ct this Board havo,
Tor their own information aud protection. boon
obliged to institute Investigations into waro-
house management. The Investigations Of
regime, Of irrcgularittoa and frauds unpnr-
allelol in the hlstory Of tho grain trado of tho
country, and the Investigations made more re-
Gently show continued violations Of tho lawa.
would suffice to convince any ordinary 1niud that
tho inspection OF grim in Chicago is matter OF
such yast importance, affecting, rs it docs, tho
value Of many millions OF dollars worth Of
annually, aud TINT tho adoption ahd supervision
OF tho execution Of rulea governing grain-in-
spection aud tho registration OF warehouse re-
ceipts require euch practical experience with tho
business and such perfect familiarity with tho
wanta Of tho trade, togothor with such oon-
ssaus caro- md 80 much Of thought and
timo, as to rondor it absolutely i'm
possible for Doard Of throo Commissioners,
hnvlng hcadQnartora 1Go ml!cs distant from this
business, to satisfactorily control its conduct,
and At tho sanlo tlmo succeed in enforcing laws
regarding the management OF railroads 1t in
not, therefore, surprising that the present law
and its administration have proved unsasisfac-
tory. In this connection 1t may not bo improper
to say that It is tho unantmoua opinion Of your
Boa1d Of Directors that compulsory inspection,
as conducted by this State, iB not only wrong in
principle and theory but is in practice
detrimental to tho interests Of tho agricultur-
lists Of the Northwest, and dsmaginE to
the trado and commerce OF Chicago.
Tho question prosents itaolf to tho minds
OF tho Directors, and they submit tho same to
you: Has not tho timo arrived for this Board
OF Tradc, acting, as it should, aa tho guardian Of
tho commercial intorosta Of this city, and Of. tho
welfare Of tho country tributary to it, to tako
active measures to enlgltcn producers, aud
othorn shipping grain to this market, Of their
tanning their influence and cooperation to place
the inspection Of grain upon tho same systom or
basis, aud under tho same control as ia tho in
specsion Of flour, and that Of provisions, higl-
wlhcs, anu other property bought and sold on
'Chnnge in this city.
Blf0nT WEIGHTS.
Complaints malo tor grain arriving by rail-
roaa falling short tn quantity, as compared with
shippers weights, aro so numerous and serious
Us to Justify and demand the action Of this As
sooiation. It has boon suggested that weighulon
appointed by tho Board of Trade should be
placed In tho elevators to SEQ that grain, ae it is
received, is correctly weighed. Elevator pro-
prietors allow public weighmen, shpmaBtors,
mud }01f
grain received from and shipped by yoasols and
oanal-boats and thoy have exprosaad willing
mesa to accord hko privileges to those moY-
ing grain by railroads, But as long as rail-
or admit thoir Responsibility by guaranteed bifis
Of 1adiug for tho quantity Of grain thoy rocoiYe
and undortalie to carry, tho evils complained Of
cannot In the opinion Of the Doard Of Dlroot-
ore, DO lo:nediaa by simply watching tho woigh-
We LnYo L lazy that. II etlfnrcad Mnl1li uost ri.