The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1914-02-24
EXCHANGE PROBE
IS IMPROBABLE

t@ .e- EE%s E.-sErs.<4@ ~ a1 "a -. -nE-& d" !
Washington, Feb. 24.-Memhers OF
the house who are in touch with demo-
cratic leaders said yesterday that Rep
~resentative James Manahan will not
succeed in getting his resolution for
| an Investigation Of the Minneapolis and
Chicago Chamber of Commerce and
the Duluth Board of Trade through
| the house.
They say that such an investigation
! will be tedious and expensive, and
that, IL anything is done along the
line suggested by Manahan, it will be
in the form of hearings on the various
bills now before the committee on
agriculture prohibiting dealing in
grain futures.
Will Ask for Early Hearing.
Mr.. Manahan said yesterday that he
would ask for an early hearing before
the committee on rules at which the
!! resolution was referred. Information
| was received here yesterday also that
Charles F. Staple Of the Minnesota
railroad and warehouse commission;
will be in Washington neXt week, and
an arrangement will be made for an
informal conference with Chairman
Henry of the rules committee, and
possibly a hearing, at which the state
commission will be represented, will
be held by the rules committee later.
kilograms have also been received
here calling attention to the legislative
investigation of the Minneapolis
Chamber Of Commerce and the Duluth
Board of Trade, which resulted in
nothing. g.. >.
Subject Not . New One.
Those who are familiar with the
proposed legislation to prohibit dealing
in futures. recall that hearings have
been held by the house committee on
agriculture on this subject. The COM
n1ttee reported a cotton futures bill
In the last congress, but refused
favorable action ON bills dealing with
grain futures.
The cotton futures bill was incor-
porated in the Underwood tariff bill
In the senate, but it was lost in CON
ference.
A promise was made by the demo-
cratic leaders that the cotton futures
Dill would be passed this session as a
separate measure, and it was also sug-
gested that a grain futures provision
would be incorporated in that measure.
Anti-futures Bill Next.
The committee on agriculture is now
framing the agricultural appropriation
bill n is expected to take up all the
Cd JILL NIlcIl LAlS dppEOpT1d-
ton bill has gone through the house..
Rep. George r. Smith of Minneapolis
today called attention to a resolution
adopted by the council of grain eX-
changes at a meeting held in Chicago,
in January. asking for a thorough in
vestigation of all grain exhanges.
The resolution had the Endorsement of
the Minneapolis Chamber of Com
merce, which took formal action Feb.
IL. The resolution says in part:
I'VE respectfully ask that a commit
tee of commission be appointed by
congress to inquire into the workings
of grain exchanges, and that such COM
mission be requested to report after
due. inquiry, what changes, if any,
shall be deemed advisable to correct
or improve the workings of such ex-
changes, and h a any remedial legis-
lation be had after, such an inquiry and
report, ~ ,. g., 800 Irl 81
Representative Smith said he in
dorsed the proposition for action but,
as to the various allegations made by
Manahan in his resolution he had
nothing to say.
Manahan Drafting Bills.
Manahan announced today that he is
drafting several bills.
One bill will require railroads to
ship cars of wheat from point of origin
to destination without unloading at
any Of the primary wheat markets.
Under such legislation a miller in
Ohio could buy a car of wheat in
North Dakota and have it delivered
to him intact" said Manahan. '"It
would not go into the elevator at Min
neapolis to be mixed or exchanged for
some other wheat. The buyer would
be sure to get the wheat he paid for"
A second bill Manahan will provide
for the establishment of government
warehouses at the primary wheat mar
ket, such as Minneapolis, Chicago and
Duluth. sr .. -s..s
With a government warehouse
available the wheat grower could send
his product to Minneapolis" said Man
ahan, "have it placed in the elevator
and sell directly to the miller. By that
method also he would be protected
from mixing and substitution of grain
that is 10Y practiced in all the primary
markets"
AS an. adjunct to the government
Warehouse, Manahan will Introduce a
bill providing for federal inspection
and grading of grain. In this bill he is
following the lead of Senator McCum-
Der of North Dakota, who has been
urging federal grain inspection legis-
lation for some years.
Russian railroads protect ties and