Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1914-05-16
ancially ON those who furnish thisn
field for hedging.

.
status of corporations which do no.
act as unit, but simply furnish a|
means for the members thereof to dol
things as Individuals under The By,
laws and rules, or by c0mbtnati tons oil
the individuals who are membecs, Qr|
combinations of members with thosel
who are not member, to Influence,
markets contrary to the normal Oper-|
alton of the law of supply and in dc.
terming values, and OF corporation
which authorizes a committee to meet
and arbitrarily set the relative value]
of the different grades Of cotton orr
other commodity for dates ahead|
when it is impossible to PREDETERMINED
such relative values on commercial
basis regulated by the law of supply
demand
Selling Of Cotton.
! The said committee shall specifi-..
cally inquire into the method, extent,
anu effect of buying andselling cotton
in the future and operations in the,
nit, and i.lto the profits resulting there.
from and the expenses attendant up,
on the operations to the members of
the various exchanges investigated,
and into the losses sustained by specu
lators and investors outside of the
membership OF said exchanges.
That sad committee shall in such
Investigation inquire into and enumer-
ate such rules, bylaws and practices
of the New York Cotton Exchange, the
New Orleans Cotton Exchange, the
Cotton exchange of Dallas, Texas, ana
of any other exchanges where the prac
tice OF future dealing is allowed, and
where future dealing is not allowed,
with view Of getting the relative mer-
it's of the different types of cotton
exchanges.
Ascertain Constraint.
That said committee shall ascertain
whether any combinatian in restraint
OF trade exists between the Chicago
board of trade, the Minneapolis cham
Der of commerce, and the Duluth
board of trade, or any of them, or
between the members of any or all
of said corporations, which IN effect
restraints or controls the price of wheat
or the sale thereof, or in any manner
limits the free marketing and selling
of wheat shipped from the Dakotas or
elsewhere to the terminal markets at
Chicago, Minneapolis AID Duluth.
That said committee shall specifi-
cally inquire into the organization and
method of operation of the Chicago
board Of trade, the Minneapolis cham
Der of commerce and the Duluth board
of trade, and each of them, to ascer-
tain from their organization, bylaws
and method of operation whether or
not they or any of them exercise any
unlawful restraint or control over the
buying or selling of grain coming to
said terminal markets or any Of their.
from Iowa, Nebraska tt. Dakotas, or
any other state, or over The price.
thereof.
Organization Methods. :.
That said committee shall also spe.
officially inquire into. the organization
laetnOas and practices of the public
warehouses and terminal elevators OF
Chicago, Minneapolis and Duluth, AID
into the connection and control OF
such public warehouses and terminal
elevators, and eacn of them, with
the Chicago board of trade, the Min
lcapolis chamber of Commerce and
the Duluth board of trade, and with
the individual members OF each of
said organizations.
That said committee shall also
specifically inquire into the methods
and practices OF grading wheat in
vogue in Illinois and Minnesota in and
out Of said public warehouses and ter
minal elevators, and the connection
and relation OF such grading to the
buying and selling of wheat and the
prices paid therefor.
That said committee shall also speci-
fically inquire into the practice, meth
cd, and control of the mixing and
blending Of the different grades and
kinds of wheat prevailing in Chicago,
Minneapolis and Duluth, and the re-
lation Of such mixing, grading, blend
Ing and curing to the grading and
inspection thereof and the buying and
selling thereof and the prices paid on
each Of said terminal markets.
That said committee shall also speci-
fically inquire into the ownership and
control OF each of the separate men,
berships in each of said 0rgan,zat lions,
with the view Oi ascert a.ning the ex-
tent OF the practice of the members of
said organizations in sellll, =. ain con-
signed to them to subsidiary corpora
tons or du.nm,es.
That said committee shall also speci-
fically inquire into all privileges,
concessions, or advantage enjoyed by
any member of the Chicago board Of
trade, or Minneapolis chamber of CON-
merce or any owaers of public ware
houses or terminal elevators, from
any railroad company by way Of re.
bate or otherwise, or from any de-
murrage association, transfer CON-
pany, bank, or newspaper allied with
or in any manner exercising control
BY way OF membership or otherwise
in SAID board OF trade or chamber of
commerce.
The Prosperity Pose.
When YOU are down on YOUR luck
Keep still upper lip aud !, smiling
counteiH'ncv. Don, let the world know
that you are dow, or rverylAN,y Will
want to give yon an aduitDnu, kick.
Put ON an air of pr,,sperity:r pyerybody
VIII help I" !'o''S, you upward. Men