Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1913-10-04
new ACCOUNTING SYSTEM
FOR farmers ELEVATORS

hedge about such use with restrictions
: sufficient TO prevent the evils complained
of.
Tho use Of scale tickets upon the form
adopted by the commission will be per-
! mitted, hut not upon any other form
This ticket shows upon the face that it
is not a storage ticket, and 1t must not
lie confounded with one: it is immaterial
whether this ticket is signed by the buy
er or not, for it is mt intended to have
any evidentiary value the day after IT
is issued, uut it must be exchanged for
a lawful storage ticket or Il cash check
upon the same day, and the buyer must
not wait for it to be presented for at the
close of the days business he must in
corporate into d regular storage ticket
all the scale tickets issued that day to
any one seller.
In other words, while the buyer is not
forced to issue Il storage ticket for each
load of grain as it Is unloaded, which
upon a busy day becomes quite a task,
and may instead thereof issue to the
driver a scale ticket for each load deliver
ed, yet at the close of the day these scale
tickets cease to be Of any value or i'm
portance and must be turned into stor-
age tickets. Moreover the stub Of each
storage ticket must contain the numbers
Of each scale ticket Incorporated 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 bust
ness, still the buyer should prepare 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 be in IA position to demonstrate
to the underwriters the amount of grain
in store, and the seller will be protected.
After redemption the scale tickets must
not be destroyed but must he endorsed
to show exchange for a cash check or
storage ticket with the number of such
check or ticket set out.
The storage tickets are in the form
heretofore prescribed by the commission
excepting that the stub is so ruled and
spaced that the numbers of the scale tick
cts may be set forth.
y form Of check with which cash or
stored grain is paid for is prescribed.
This should always Re used in the pur-
chase of grain or redemption of storage
tickets, and both on the stub and 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
purpose. The running expenses of the ell
evator and other current expenditures, as
well 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 provision
requiring he directors of the company to
designate three of their number to act
as a board Of audit whose especial duty it
is to sec that the other provisions are
properly enforced.
The commission desires to assist in
every way in familiarizing the grain trade |
with the scheme and to make it a sue
cess by furnishing expert help to help in
installing the system. and to this end
will be prepared to send an expert ac-
%cOuntant whenever desired whose mission
it Shall be to put the system into sue
= ''' "iI' Va AtolS pljcl' lloIl. It
law provides that a charge of IS per day
and eSlrnses shall be made for the ser
vices of such accountant. together with
the actual cost Of the books and blanks
used.
The commission does not undertake. to
say that this system is the last word in
elevator accounting, or that it is in
flexible 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
improvement is found will not hesitate to
order necessary changes to accomplish it.
The sample blanks were prepared by
the firm of Walker Bros. 4 Hardy of
Fargo for distribution among the eleva-
tors Of the state, merely as an individual
enterprise of thai concern. The commits
sion is more than glad of his step on
the part of this Fargo business house for
it saved the commission and state an ex-
penditure of at least 81, 500 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 bound them into books and is pre-
pared to supply the trade but the COM
mission does not undertake to dictate the
purchase of these books or any books
from any particular firm and persons u.s.
ing the system are at liberty to procure
them from such sources as they may see
fit.