The Record-courier. [volume] (Gardnerville, Nev.) 1904-current, 1921-05-06
MERITS OF BONDED
WAREHOUSE TOLD

letter from III. X Holman, Jr. in
yestigator In warehousing. relative to
the federal warehouse act. Mr.. Hol-
man recently paid visit to Minden
In an official capacity and this infor-
nation will be received with interest.
snce a number of Nevada warehouses
will become licensed at an early date,
which should tend to encourage agri-
cultural development In this section.
He states in the letter:
"The first application for licenses
were filed by the Consolidated Ware
house Company, who will operate their
warehouses IN Portland, Oregon, and
at other points in Nevada. California.
and Oregon as United States Licensed
and Bonded Warehouses. have ex-
amined several of the warehouses and
feel reasonably sure that they will be
accepted.
The warehouse act, which not man.
datory. was enacted with view to
bringing about the uniformity OF ware-
house receipts and making them of the
highest collateral value. BY becoming
members of the Federal Warehousing
System. ware houses acquire better
standing; and they are more highly
regarded by bankers and depositors.
In agriculture. the great basic In
dustry of the nation. not only lies the
hope Of our more rapid recovery from
the economic conditions brought about
by the war, but much of our future
prosperity depends upon the condition
of the primary production represented
by this industry.
Under existing conditions, farmers
have no assurance of receiving ade-
quate prices for their products. They
are many times obliged to sell when
prices are lowest. while the consumer
pays the prices prevailing at other
periods of the year. A large proper
tion of each years staple crops must
be carried along during the year and
PIT on sale as there Is an etc, tive
consumption demand No one ques-
tions that fact. The only point at is
sue Is. shall the farmer whose pri-
mary interests are involved be af-
forded such credit by local banks as
will enable him to market his crops
in orderly fashion? The American
people must see to it that farmers Sc
cure credit sufficient for their needs.
Marketing is the farmers biggest
and most difficult problem. The bur-
eau of markets, one of the seventeen
branches of the department of agri-
culture. is devoting itself to every
thing pertaining to crops and live
stock from the time they are produced
until they reach the consumer. Its ae-
tivities cover. as has been aptly said.
"the other half of agriculture" The
bureau, for example, administers the
United States warehouse act, the CEN
trail purpose of which is to establish
q tot III Oi~ oaA CAiOuoC iCSCiRto III wv
ton, grain. wool, tobacco and flax
seed which will make such receipts
easily and widely negotiable and there
fore of definite assistance in financing
crop movements. This purpose the
act aims to attain by licensing and
bonding warehouses under conditions
which will insure the integrity of their
receipts and make them reliable evi-
dence of the condition, kind. quantity
and ownership OF the products named
which may be stored with them.
The licensing of warehouses In a
section not only helps the farmer, but
II promotes harmonious relations be-
tween the farmer ,warehouseman, and
banker. and should do much to stabi-
ftze the market.