Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1916-09-14

WASHNGION, ID. u, sept. H.
The following information is taken
from Service and Regulatory An
lpouncements No. 10 of the Office of
Markets and Rural Organization, U.
S. Department of Agriculture:
The act making appropriations for
the Department of Agriculture for the
fiscal year ending June 80, 1917, and
for other purposes, approved August
Ii, 1916 public No. 1900, contains a
reenactment, effective September /,
1916, of the United States cotton fu-
lures Act of August 1S, 1914, with a
few changes, the more important of
which are, substantially, as follows
In the seventh subdivision of sec
tion authority is conferred upon the
Secretary of Agriculture, in case of
disputes referred to him, to include in
his findings a complete classification
of the cotton for the purposes of de-
livery on future contracts. Under the
act of August 1S, 1914, his findings
were confined to the specific question
of grade, quality, or length of tsaple
in dispute. For example, if the dis
pute involved grade only and the cot
ten was found to be less than seven
Fights of an inch in length of staple,
the Secretary had no authority to in
clude in his findings a statement as to
the length of staple.
A new section, known as section 6
| A, is inserted, which provides an OPP
ton contract under which parties may,
without being subjected to tax, agree
that, under certain specified condi-
tons, the buyer may demand delivery
of the basis grade named in the
contract.
Section II of the act of 1914, which
taxes orders sent abroad for the MAX
ing of future contracts made on for
eign cotton exchanges unless certain
conditions are complied with, is ON
tilted in the new law.
Section 10 confers certain additional
authority on the Secretary of the
Treasury in connection with the per-
Torrance of the duties imposed upon
him.
While the date on which the act
becomes fully effective is September
1, 1916, section 81 provides that, so
far as concerns any transaction en-
tered into prior to September /, 1916,
the old law shall remain in force with
the same effect as if the new act had
not been passed
Changes Made in the Rules and Reg.
ulatiOns of the Secretary of Agri-
culture.
On August y, 1916, the Secretary OF
Agriculture adopted, for the purpose
of the new law, and published in Cir
cular No. "a, the rules and regulations
in force under the act of 1914, with
hut few notifications.
In accordance with the authority
granted to make a complete classii-
cation of cotton involved IN disputes
referred to the Secretary of Agricul-
ture, the necessary changes were
made in Regulation 2, sections 3, 5, s
and 81. These relate to the state
ments finch must be made in papers
filed in disputes, and the amounts
which may be required as advance de-
posits and assessed as costs. In Sec
tion II there is included a require
ment that each sample shall represent
accurately the cotton in the bale
shall not have been previously handl.
ell for purposes of classification, ana
shall weigh not less than ounces.
A new section 80, is inserted in Reg.
ulation 2, to the effect that disputes
as to the classification of cotton ten
dered under section GA contracts shall
be referred and determined in &C
Icordance with, and shall be subject to
the rules and regulations prescribed