The Arvada enterprise., 1916-10-05
UNITED STATES
WAREHOUSE ACT
Synopsis of Measure Passed
by Congress as Prepared
by United States De-
partment of Agri-
culture.

law on August II. 1916, is to establish
Il form of warehouse receipt for cot
ton, grain, wool, tobacco and naxsccd
which will make these receipts easily
and widely negotiable us delivery or
| dcrS or as collateral for loans and,
therefore, of definite assistance in fl
nancing crops. This purpose the act
aims TO attain by licensing and bond
Ing warehouses under conditions which
will insure the integrity of their re-
ceiptS and make these receipts reliable
evidence of the condition, quality,
quantity, and ownership of the prod
uctS named which may be stored with
them.
The secretary of agriculture is given
general authority to investigate the
storage, warchouSing. classification.
weighing, and certifying of cotton,
wool, grains, tobacco and lluNSrrd and
to classify warehouses for which
licenses are applied for or ISSUED.
Pcrmssive Statute
He may issue to WuruhuuSCmcu Ii
Ccnses for the conduct of warehouses
in which such products may be stored
for interstate or foreign commerce,
and also of warehouses located in
places under the exclusive jurisdiction
of the United States in which such
products may be stored. Persons who
are not warchouScmcn may also be
licensed, subject to the same require
ments rs licensed warchuuS"mcn, to
accept such products for storage in
warehouses owned, operated or leased
by any state. Licenses may be issued
for periods not exceeding one year,
and are renewable upon showing sat
iSfactory to the secretary of ngriCul-
turc. A fee not exceeding s. may be
charged for each license or renewal,
and. in addition, II reasonable fee FOR
each examination or inspection of n
warehouse made upon application of
the warchouScman. II is not. however.
compulsory that any war"huuScmun be
licensed by the secretary of ngricul-
ture. The system is wholly permits
sivc.
Every applicant for license rs II
warchouscmnn must agrc" 10 comply
with the act and IN" rules and rcgu-
lations prescribed under II. lie must
give n bond. with other than personal
surety, to secure the performance of
HIS ooiisa""hS MS Il War"h"uS"mnn I'M
der the laws Of III" place In which the
warehouse is conducted. under his con-
tracts with his dcpoSitorS. and under
the United States warehouse act The
right Is given to any person Injured
,''io"E" US "',"''' i" sue III MS own
""'"' VI, ,''' p"h" !"I any manages
,"N','''''" "H MN N"''i Nu'I' ""n'
n"" "'N S'''i'' 'n' N"r'I'""N' HllN h'
>.-'''''' 'S "o'''''" u""'F inc 'hIl""
''"''H wal '''uN' act
Inspection OF Warehouses.
IN" secretary of agriculture Is nu-
thoriZ"d TO inspect warehouse licenses,
or Tor which licenses mr." applied for;
I" d"t"rmin" whether they mr." suitable"
Tor IN" proper si"rng" of agricultural
lr"'"''S' I" nr'S'rlh' IN" dulles "i IL
"N'" ""''n""N''''" VIII" respect J."
"'',' '"'' o. "h" responsibility '"r'
's','",, "'", I''"'u''s' ana I" "N'''''ll"
"E'''"l'" r"' hr"du'l> stored IN IL
~
r''u''"'n' p'"'iu',S IN Ni'h warehouses;
"rr ''"'"" SuhJ'', !" ia" act ana III"
fu'eS ana regulations under IT,
Duties Of Warehousemcn.
Licensed wnr"hous"m"n mr." not per
mIti"d 10 discriminate between per
sons desiring 10 st"r" agricultural
products In their warehouses. All ng-
rIcuItnrnl products, except fuuglhI"
products fSuch ns grnn aud tn" lIl,c) .
of III" sam" kind ana grade, for which
s"pnrni" receipts ARE ISSUED, must h"
so Kept that they mny h" separately
Identified and rcdcliyorcd to Tia" de
positor. Wnr"hous"m"u may mix
grain md other fungIhlc products, or
dlnnrily mixed In Storage, when they
nrc Of the sam" Kind and grad" md
hrc delivered from III" sam" mass but
may not mix such products when they
are Of different rrudcs.
War,bous. R.,,i,,,