The advocate., 1891-03-25

lNu-blutAAiN btlAt Aat1lFHA m WNANHNN,p ANNpAFF
as above provided together With the return Of
the proper amount OF lawful money and all
charges as herein provided, when the product
for which II 10 given ID stored ln some other sub
treasury, shall give an order on such other sub
treasury for tho delivery OF the cotton, grain or
tobacco, az the case may be, ana Tho secretary
OF tho treasury shall provide for tho adjustment
between mb-treasuries Of an charges,
Sec. 7. The secretary Of tho treasury shah pro-
scribe such rules and regulations AZ are neces-
Gary for governing the details OF the manage
mont OF the mb.treasuhes, fixing the salary,
bond and responsibility Of each Of the managers
Of sub. treasures provided that the salary Of
any manager of q sub-treasury shall not exceed
the sum OF o. 800 per annum,) holding the man
ayers OF subtreasurles personally responsible
on their bonds for weights and ClassihcatIOns Of
all produce, providing FOR the rejection Of un-
merchantabo grades OF cotton, grain or tobacco,
or for such as may be In bad condition and shall
provide rules for the sale az public auction OF all
cotton, corn, oats, wheat or tobacco that has beon
placed on deposit for q longer period thantwelve
mOnIhs after due notice published. TheprOceeda
OF the sale OF such product shall be applied, first,
10 the reimbursement 70 the mb-treasury OF the
amount originally advanced, together with all
charges and, second, the balance shall be held
on depOElt for the benefit Of the holder OF the
warehouse receipt, who shall be entitled TO re-
celve the same on the surrender OF his ware
house receipt. The secretary OF the treasury
shall also provide rules FOR tho duplication Of
any pagers in case OF loss or destruction
Sec. 8. IL shall be the duty Of the secretary OF
the treasury, when section 1 Of this act shall
have been complied with, TO cause TO be erected,
according 20 the laws and customs governing
tho construction Of government buildings, a
suitable Bub-treasuTy building, with such ware
house or elevator facilities as the character and
amount Of the products OF that section may indl-
cate as necessary, Such buildings shah be sup
piled with all modern COnvenienCes for handling
and safely storing and preserving the products
likely 10 be deposited.
BeC. 0, That any gain arising from the charges
fOrlnsurance weighing, storing, chasing, holding,
shipping, interest or other charges, after paying
all expenses OF conducting the sub-treasury,
shall be paid into the treasury OF the United
States.
Sec. 10. The term Of Ofiice for manager Of a
ub-heausury shall be two years, and the regu-
lar election 10 an such Oilce shall be az the same
time as the election for members Of the House Of
Representatives OF the Congress OF th0 United
StateA In case Of a vacancy In the Ofice OF
manager OF the sub.treAsuTy by death, rosgna-
tlOn or otherwise, the secretary Of the treasury
shall have power 10 appoint manager for the
unsNpired term.
SEQ. II. The sum of a5O,OO0,OOO, or 80 much
thereof % may bo found necessary 20 carry out
the provisions OF this act, 10 hereby appropriated
out OF any moneys In the treasury not otherwise
appropriated for that purpose.
Sec. y. That so much Of any or oil other aCtE
~ arc In conflict with the provisions OF this act
are hereby repealed.
In Che discussion OF this measure
we shall first consider some Of the
benefits which it's adoption would Sc
cure to the people, and afterwards
treat the objections against IT, We
expect to show chat these benefits will
inure, not to o class merely, as has
been stated, but TO every industrial
interest in the entire country.
One of Che first Of the beneficial ef-
ReCts Of this measure would beto COM
pei the gamblers Of the several pro
duCe exchanges to change their base
Of operations, and speculate hereafter
az the expense Of other than the ag-
ricultural CLASSES. IL would be toe
much to hope that they would turn
their attention to honest pursuits, but
agricultural products would be al
onNa rornovad from THAR control And