The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1913-09-30
New HoAow Cut Costume Corduroy

tickets cease to be of any value or
Importance and must be turned into
storage tickets. Moreover the stub
Of each storage ticket must contain
the numbers of each scale ticket in
corporated into it, so that at n time,
the accountants of this office may trace
back each load of grain and Identify
it.
If the seller fails to present his scale
tickets at the close of the days bust
ness, still the buyer should prepare
the storage tickets for delivery and
hold them subject to the sellers de-
mand and in this way, in case Of loss
by fire, the buyer will be in a position
to demonstrate to the underwriters
the amount of grain in store, n the
seller will oe protected. After re-
demption the scale tickets must not be
destroyed but must be endorsed to
storage ticket with the number Of
such check or ticket set out.
The storage tickets are in the form
heretofore prescribed by the commits
sion excepting that the stub is so rul->
ed and spaced that the numbers Of the
scale tickets may be set forth.
A form Of check with which cash
or stored grain is paid for Is pre-
scribed. This should always be used
in the purchase Of grain or redemption
of storage tickets, and both on the
stub m the check the blank spaces
should be filled showing the entire
transaction, and all cancelled checks
should be preserved. But these checks
should be used for no other
The running expenses of the elevator
and other current expenditures, as
we'll as all advances on grain before
it is hauled in, should be paid upon
ordinary checks, denominated expense
checks.
Attention is also called to the pro-
| vision requiring the directors of the
company to designate three of their
| number to act as a board of audit
who's especial duty it is to see that
the other provisions are properly en-
forced.
The commission desires to assist in
| every way in familiarizing the grain
trade with the scheme and to make 1t
a success by furnishing expert help
to help in installing the system, and to
this end will be prepared to send an.
expert accountant whenever desired
whose mission it shal! be to put the
system into. successful n satisfac-
tory operation. The law provides that
a. charge of S. per day n expenses
shall be, made for the services Of such
accountant, together with the actual
cost of the books n blanks used.
The commission does not undertake
TO say that this system is the last
word in elevator accounting, or that
it is infexible and subject to no
change. On the contrary. While we
are confident that it cannot be greatly
improved upon, yet the commission
will welcome suggestions from the
elevator men and when room for i'm
provement is found will not hesitate
to order necessary; changes to &C
complish it.
The sample blanks were prepared
by the firm of Walker Bros. & Hardy
! of Fargo for distribution among the
elevators of the. state, merely as an
individual enterprise Of that concern.
The commission is more than glad of
this step on the part of his Fargo
business house for it saved the com
mission and state an expenditure of
at least $1,000 had the blanks been
made by order.
The commission is informed that
this firm has simultaneously prepared
and printed a large number of such
blanks and hound them into books
and is -epared to supply the trade
but the commission does not UNDER
take to- dictat the purchase of these
books or N books from any particti-
lar firm n persons using the system
are at liberty to procure them from
such sources as they may see fit.