The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1921-08-26
CANNON CALLS UP
WAREHOUSING LAWS
FARMERS CAN PLACE GRAIN IN
STORAGE AND RECEIVE NEGO-
TABLE RECEIPT.

TABLE RECEIPT.
1t Is not generally known but a fact
nevertheless that Idaho has a bonded
law now in force. The
aw Is not, however, hailed with any
particular favor, even by Miles Can
mons department of the state govern
ment, VINO has never lost an opporun-
Ity Of rapping the Legislators VINO
were always, as he claims, passing
special measures for corporate inter
csts and precious few anybody else
In this connection, referring to the
evident demand for some sort Of state
for weights and measures
Mr.. Cannon calls attention to the az
sistanee rendered in this CONNECTION
by Representative Shook of Ltmhi
VINO always stood for the enforcement
Of honesty Of dealers in their rela
ton to their customers but VINO itoot
alone against the corporation lawyer
in the law making body.
In statement just issued tt the
bankers calling attention To the stor
age law mentioned, Mr.. Cannon says
Julius H. jacobson, agricultural
atatiscian, reports under date OF Aug
ust IL, the following:
"The United States wheat crop
does not compare favorably WITH
previous years. The August fore
east OF 755 million bushels IL 81
million less than in July and ~
million less than last year. Il IS
also rs million bushels less tlan
the Ave year average-i9l5 TO
l9i9-prosiuctio Of S3i million
bushels
Latest reports indicate tat
drought is widespread in Eunpe
! and India, the continuation of
which will probably seriously af-
| feet spring sown crops. Coidl-
tions in France are said to be he
worst in many years, the prolmg-
ed drought causing keen unelsl-
ness. Crops in eastern Canada
have suffered from drought, jut
conditions in western provinces
are favorable.
In view Of the fact that ldho
has wheat crop estimated Al rs
million bushels the question Of
holding grain in store Is of he
greatest Importance to the Disi-
ness interest of this state. i is
generally conceded that what
will go higher and the importance
of the state receiving the nxi-
mum price for its crop Is ap AR
: emit
"Section 203t, Idaho Compile sts
/ utes. reads as follows;
"The business of marketing fai
Lproducts in this state is herpy {
/ clared to be effected with pulic
| terest and to be subject to repllati
n and control by the state.
a section 61T9 defines the bono
h warehouse law as follows:
"The term public warehouse rs
h ed in this chapter shall be deemed
/ mean every building, STRUCTURE,
!. other protected enclosure in WHICH 4
G agricultural produce Is receGed
/. storage or transfer for compeiapti
!. such warehouses are hereby leela
s to be public utilities
e MIR. Cannon's Statement.
Following the provisions G
\ the law above cited, bonded ware
= houses are authorized to- receiy
~ grain in storage, and issue thel
~ for negotiable receipt which a
/, fords the producer the very be
,g of security, fully protected /
e bond and insurance policies, 4
in negotiating temporary loans Al
" availing himself of the privlle,
of holding his grain ii he so d
4 sires. The law is so arrang
that it is practically imposslt
for anyone to sustain loss
;, virtue of these negotiable l
ceipts, and it affords the wal
or house man a reasonable compe
sation for the use of his wal
house and likewise an opportuni
ett to buy the wheat when it is I
fcred for sale.
i, warehouses ale not rcqui
to give over all their space
storage but that proportion of
his in keeping with their usual ST
n. age business, reserying in M
cases one half their capacity
IN handling cash business. The pr
en-. tce of forcing the farmer to :
direct from the machine sho
las be discouraged, il would seem,
Ids the reason that he is entitled
the full benefit of a rising IN
tor ket and il he is deprived Of Il
mn in large percentage Of ca
the profits naturally rising the
from accrue to outside intere
ing instead OF to the business inter
and of Idaho.
Bonding warehouses under
state law is a very simple
eek inexpensive process and il hai
and tendency To stimulate product
the most important feature in
H. future building of our eommeu
o.s' prosperity. When warehouses
,e' filled, rs they doubtless viii
eie arrangements can be made
Nv" move this storage wheat 70 te
- inal elevators and until the :;
is sold the farmers, under
D provisions of the warehouse
arc accorded legal certiicat,
storage which in itself is of
very highest collateral value.
"This deDaTttOent has no nov