The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1913-10-03

entries printed therein showing SAM
PIE transaction so that one following
the explanatory statement and COM
parlnS 1t with the sample entries can
no.. lal! 10 form an adequate and
comprehensive idea of the scheme,
enabling him to apply it at once to
me concrete needs of his own bust
ness. Succinct and terse directions
or rules of procedure are also set
torth which must he studied care
luiiS and followed closely.
The commission desires at ,h;..
point to call particular attention Ia
inc use OF scale tickets. \ great deal
OF dissatisfaction has beer caused in
the past by the indiscriminate mss NV
buyers of slips or memoranda instead
OF II storage ticket prescribed bv
me commission, and many complaints
aoout the same have come to this Of
nee. Upon mature reflection the com
mission has deemed it inadvisable and
mpractlcable to forbid the use of
scale tickets altogether. but has at
tempted to hedge about such use with
restrictions sufficient to prevent the
evils complained of.
me use of scale tickets upon the
form adopted by the commission will
De permitted but not upon any other
form. This ticket shows upon it's
race that 1t is not a storage ticket.
and II must not be COMPOUNDED with
one: it is immaterial whether this
ticket is signed by the huyer or NOR
for it is not intended to have any evil
dentiary value the day after ii is
issued. but it must be exchanged for
a lawful storage ticket or a cash checl,
upon the same day, and the buyer
must not wait for it to be presented.
Tor at the close of the days business
me must incorporate into a regular
4 STORAGE flrEof oil thD -,,- I,. =.
sued that day to any one seller.
IN other words. while the buyer is
not forced to issue a storage ticket
Tor each load of grain as it is UNI
loaded which upon a busy day be-
comes quite a task. and may instead
thereof issue to the driver a scale
.'eket Tor each load delivered. yet at
tickets to be of any value or
Importance and must be turned into
storage tickets. Moreover the st,Ih
OF each storage ticket must contain
the numbers of each scale ticke. i'm
c~orporated into it. so that at any
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
business still the buyer should pre-
pare the storage tickets for delivery
and hold them subject to the sellers
demand and in this way, in case of
loss by fire. the buyer will he in a
position to demonstrate to the under
writer's the amount Of grain in store.
and the seller will be protected. After
redemption the scale tickets must
not be destroyed but must he en-
dorsed to show exchange for a cash
check or storage ticket with the num-
Der 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
ruled 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-
seribed. This should always be used
In the purchase Of grain or redemn-
ton of storage tickets. and both on
the stub and the check the blank
spaces should be filed showing the
entire transaction. and all cancelled
checks should be preserved. But
these checks should be used for m
other purpose. The running expenses
of the elevator and other current ex-
penditures. as we'll as all advances on
grain before it is hauled in, should
be paid upon ordinary checks, denom-
mated expense checks.
Attention Is also called to the pro-
vision requiring the directors of the
! company to designate three of their