Grain Exchanges: Hearings Before the Committee on Rules, House of Representatives, Sixty Third Congress, Second Session, on H. Res. 424U.S. Government Printing Office, 1914 - 429 pages |
From inside the book
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Page 4
... warehouses of both cities , exercise and have an unreasonable and unlawful control over the prices paid for wheat in these great terminal markets and therefore in the whole country , and unduly control and restrain the movement ...
... warehouses of both cities , exercise and have an unreasonable and unlawful control over the prices paid for wheat in these great terminal markets and therefore in the whole country , and unduly control and restrain the movement ...
Page 10
... warehouse commission department , showing every day , month , and year the amount put into the terminal elevators and the amount taken out , shows each year that there is more wheat taken out of the terminal elevators than is put in ...
... warehouse commission department , showing every day , month , and year the amount put into the terminal elevators and the amount taken out , shows each year that there is more wheat taken out of the terminal elevators than is put in ...
Page 13
... warehouse commissions of Minnesota - having jurisdiction over elevators - did make an order forbidding them to do that thing . I understand they have since been making an attempt to get the commission to vacate that order , but I do not ...
... warehouse commissions of Minnesota - having jurisdiction over elevators - did make an order forbidding them to do that thing . I understand they have since been making an attempt to get the commission to vacate that order , but I do not ...
Page 17
... warehouses at all great terminal points ; Federal inspection and Federal grading - not supervision ; that would not ... warehouse , of wheat coming from the Dakotas , where the bulk of the wheat comes from , and the effect of that would ...
... warehouses at all great terminal points ; Federal inspection and Federal grading - not supervision ; that would not ... warehouse , of wheat coming from the Dakotas , where the bulk of the wheat comes from , and the effect of that would ...
Page 20
... warehouse control and that 95 per cent at least of the cash grain which has entered public storage for many years past , has been stored by and controlled by the illegally operating warehouse pro- prietors referred to . 10. That the ...
... warehouse control and that 95 per cent at least of the cash grain which has entered public storage for many years past , has been stored by and controlled by the illegally operating warehouse pro- prietors referred to . 10. That the ...
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Common terms and phrases
association attorney Bert Cole board of directors board of trade bucket shops buyers CANTRILL carload cars cent per bushel cents a bushel CHAIRMAN chamber of commerce Chicago Board city of Chicago Commerce of Minneapolis commission merchants committee competition Congress contract corn crop dealers DRAKE Duluth elevator companies Equity Cooperative Exchange Equity Exchange fact farmers future contracts future delivery future trading gentlemen grade Grain Growers GREELEY handling hedging HOSKINS Illinois inspection interests investigation legislation LENROOT Loftus MANAHAN MARBLE membership millers milling Minn Minneapolis Chamber Minnesota Minnesota Legislature monopoly North Dakota operations organization president producers profit public elevators public storage public warehouse purchase question railroad and warehouse receipts ROBBINS Rosenbaum rules sell shipped shipper SHORTHILL sold speculative statement switching charge terminal elevators terminal markets testimony tion to-day transactions warehouse commission warehousemen wheat
Popular passages
Page 307 - Received, subject to the classifications and tariffs in effect on the date of issue of this original bill of lading. At Ithaca, Mich., 18-1, 1911, from owner* the property described below, in apparent good order, except as noted (contents and condition of contents of packages unknown...
Page 295 - Notary Public in and for said county, residing therein, duly commissioned and sworn, personally appeared and , personally known to me to be the persons whose names are subscribed to the within instrument, and they each duly acknowledged to me that they executed the same.
Page 208 - Of course, in a modern market contracts are not confined to sales for immediate delivery. People will endeavor to forecast the future and to make agreements according to their prophecy. Speculation of this kind by competent men is the self-adjustment of society to the probable. Its value is well known as a means of avoiding or mitigating catastrophes, equalizing prices and providing for periods of want.
Page 194 - They are used as instruments by those engaged in state as well as those engaged in the inter-state commerce, but they are no more necessarily a part of commerce itself than the dray or the cart by which, but for them, grain would be transferred from one railroad station to another. Incidentally they may become connected with inter-state commerce, but not necessarily so.
Page 209 - The plaintiff does not lose its rights by communicating the result to persons, even if many, in confidential relations to itself, under a contract not to make it public, and strangers to the trust will be restrained from getting at the knowledge by inducing a breach of trust and using knowledge obtained by such a breach.
Page 208 - June 6, 1887, that is, places wherein is permitted the pretended buying and selling of grain, etc., without any intention of receiving and paying for the property so bought, or of delivering the property so sold. On this ground it is contended that if under other circumstances there could be property in the quotations, which hardly is admitted, the...
Page 210 - Time is of the essence in matters like this, and it fairly may be said that, if the contracts with the plaintiff are kept, the information will not become public property until the plaintiff has gained its reward.
Page 307 - It is mutually agreed, as to each carrier of all or any of said property over all or any portion of said route to destination, and as to each party at any time interested in all or any of said property, that every service to be performed hereunder shall be subject to all the conditions...
Page 307 - ... the surrender of this bill of lading properly indorsed shall be required before the delivery of the property at destination.
Page 208 - Its value is well known as a means of avoiding or mitigating catastrophes, equalizing prices and providing for periods of want. It is true that the success of the strong induces imitation by the weak, and that incompetent persons bring themselves to ruin by undertaking to speculate in their turn. But legislatures and courts generally have recognized that the natural evolutions of a complex society are to be touched only with a very cautious hand, and that such coarse attempts at a remedy for the...