The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-10-01
BIG RICE COMBINATION,
Il Is Beginning Operations In The Louisiana
Rice District.
IT WILL USE BONDED WAREHOUSES;
object of the Syndicate Is Said to he
TO Control Rice Crop OF the
United states.

lscheme Is now on foot, backed by new
York syndicate OF capitalists. requiring the
use OF over s7,OOOO0O. The plan is to control
the entire rice crop Of the United states by
making contracts with the farmers for the
purchase OF their rough rice and delivery OF
it to certain public warehouses. which the
syndicate proposes to make bonded ware
houses.
The object is not to boost up the prices OF
the clean article. but to maintain them as
they now exist and to establish stable mar
Ket for rice. The contract proposes term
OF foui years. with privilege of additional
years, and rice is to be bought at guaranteed
prices as per grade, all Of which is specified
in tie contract. The proposition has the
hearty support OF the mills and the large
farmers,
Following is a copy OF the agreement which
may be OF interest TO the Texas rice people:
state OF Louisiana,
PaHsh OF ..........
This agreement. entered into this .... day
OF .......... in the year OF cur Lord 1900. by
and between ......,.........,........'
a corporation duly organized and existing
dunder and by virtue OF the laws of the state
OF Louisiana, having It's domicile at ..........
IN said state, and acting herein by and
through ...,..... Of said company, by and
with due authority. as party OF the first part,
land ..s....u of the parish of ....,..... la
the State OF Louisiana. as party OF the sec
ond part.
witnesseth. That for and in consideration
of the mutual promises and agreements here
matter set forth TO be performed by each Of
the parties hereto in favor OF the other and
for other good and sufficient considerations,
the parties hereto covenant and agree Que
with the other as follows. towit, that is to
say:
Party of the second part hereby promises,
agrees, binds and oblgates himself to sell,
transfer convey, set over and deliver. and
nv gpfc ah.y coil
transfer convey and set over unto and IN
FAVOR Of said party OF the first part, its sue
cessors or assigns. all such rice crops as
he may have own control during the years
1900 1901, 1902. 1908. whether cultivated and
raised on lands owned or rented by him, or
derived from the lease or rental Of lands to
otheii. or que Tor water furnished by hlin
10 others for irrigation of their lands, and
all other rlces secured. owned or controlled
oy nun IN any other manner in the parish
OF 49,, Louisiana, or in any other parish
or State on the following terms and condi-
. tons and at the following prices, viz:
Honduras.
' No Ito cup not less than Al pounds, and
to contain not over to 10 per cent OF red
rice. s.. % to 81 As per barrel OF 1872 pounds
No. 2-To cup not less than 40 pounds, and
10 contain not more than 10 TO 20 per cent of
v pound
No. 3--To cup not less than 80 pounds, ana
to contain not more than 20 to 40 per cent OF
red rice, S255 10 S2.s5 per barrel of 1852 pounds
10 contain not over 10 to co per cent OF red
Y rice. $l.95 to SIPS per barrel of l62 pounds.
Japan.
No. Ito cup not less than a. pounds and
to contain not more than ; to 10 per cent OF
red rice, $500 TO 81. % per barrel OF 1852 pounds
NO. ITO cup not less than 43 pounds, and
10 contain not more than 10 to 20 per cent of
red rice. s2s5 to 81 per barrel of i62 pounds
No. 3-To cup not less than AZ pounds. and
to contain not more than 20 to 40 per cent Of
red rice 81 40 to s. rs per barrel OF i62 pounds
81 Ices fbnn t1t,Ia opd
to contain not more than 40 to 60 per cent OF
red rice, SIS to $40 per barrel OF 1872 pounds.
h Red rices Of both Japan and Honduras,
II, 90 to 81 60 per barrel of 1862 pounds.
on grades and damaged rices of quality be-
low those above designated are 20 be paid for
I at prices to be determined by the experts
hereinafter appointed.
: The said party of the second part HEREBY
y agrees and binds himself to deliver the above
rices to the party of the first part, at tine
, house in said town. within ninety days after
1 same Is harvested and placed in merchanta-
1 bic and marketable condition, or sooner at
option Of party of second part, said public
bonded warehouse to be designated by the
party of the first part within three days after
said party Of the second part has notified the
said party OF the first part, Its agents. sue
ccssors or assigns, that he is ready to de-
liver the said rices OH the above conditions,
and said rices are to be so delivered without
any further expense to the party OF the first
part.
On delivery Of the same at said puonc
bonded warehouse. the said rces are to be
weighed and classified according to the grades
I hereinGhoye specified by rice expert at
such Blended warehouse. certifying to the
weights and the grades OF the rices SO deliy-
ered at said public bonded warehouse, as de-
termiled by said expert. and certifying fur
, fher T. such matters and things AZ the laws
OF Louisiana require such warehouse receipts
10 contain. and on the presentation and de-
livery Of such receipt, properly Endorsed by
the party OF the second part, his agents or
assigns, TO the party OF the first part, or
designated agents. at his domicile in the
State or Louisiana or at such other place
IN said State as said party ot'the first part
may appoint, the said party of the first mart
hereby obligates and binds himself to pay
5 TOT said rices according to the weights and
olaesfcations mentioned in said warehouse
, receipts, in cash current money Of the United
States on the basis Of the prices hereinaboye
) liked and determined. and In case Of any dis
agreement between the party of the second
! part and said rice expert at such public
bonded warehouse, as to the quality or grades
D OF rieea the SAID party Of the second part
may seleet an expert on his part to adjust
: ana settle the classification, and on failure
OF this expert to agree with the classified
tIon OF the expert OF such public bonded
4 warehouse, the two shall call in third ex-
: expert shall be final and binding ON both
T parties 10 this agreement
: II is hereby agreed and understood between
r the parties To this agreement that in case
/ there exists any lien, privilege or legal claim
/, or any kind against any Of the rices belong
ING 20 the party Of the second part and or
eratL6 as claim upon said rlces that the
, party OF the first part shall have the right
70 SETTLE said claim and obtain legal sub
roSation from the creditor holding same. and
any amounts 50 paid on such claim shall he
deducted by the party of the first part from
the aggregate price OF the rices delivered by
a me party Of the second part az above set
forth: provided however that the party Of
me hrst part shall not be obligated TO pay
: any such lien or claim exceeding in amount
o the value OF said rices.
: II IL further agreed and understood that
me party OF the hrst part shall have the
option OF renewing this agreement for a fur
II ther term OF four years, or any part thereof
s on giving notice to the party OF the second
part OF such intention on or before April l.
lsoS, by letter addressed to his usual post
: II Is agreed and understood that the expert
:, appointed to classify the rces at the public
q hondee warehouse herenabove mentioned
r shall be designated OF approved by party oi
Il the first part VI
i me right Is hereby reserved to the psrtv
d 81 me second part TO reserve ont OF his riess
" suouEh rico for seeding his lands or those NJ
< nus tenants, or TO sell 10 his nelghhors tor
j. surety seeding purposes, but no such ricss
o are 70 be sold TO millers. or purchasins
AGENTS or jobbers for milling purposes or
In faith whereof said partles have Signal