6 BULLETIN 520, U. g. DEPARTMENT OF AGRICULTURE. 



covered by a single receipt. Also the issuance of a separate receipt for 

 each and every bale stored gives less opportunity for altering the receipt. 



Form 3C (page 19) shows a form of multiple-bale receipt. There 

 are occasions when this form is the more desirable than the one-bale 

 type of receipt. When this multiple-bale form of receipt is used the 

 original certificate of inspection is to be attached. Form 3E shows 

 another form of multiple-bale receipt, in which the description of the 

 bales is shown on the face of the receipt rather than on the attached 

 certificate of inspection. 



The wording of the receipt in regard to the guaranty of the grades, 

 weights, and lengths of staple may be altered to fit the practices and 

 policies of the various warehouses by which they are issued. How- 

 ever, the nearer the wording approximates an absolute guarantee of 

 these quahties by the warehouse, the greater will be the value of the 

 receipt. While it is true that warehouses in many instances attempt 

 to disclaim responsibihty for the descriptions they have given on the 

 receipt it must be remembered that the persons to whom the re- 

 ceipts may be transferred should be protected in accepting these 

 descriptions. 



Many warehousemen guarantee their descriptions at least within 

 reasonable variations, while some guarantee them to be absolutely 

 correct. By so doing, these warehousemen furnish a receipt which is 

 most acceptable as collateral. In some instances, a special charge 

 is made for this guaranty, usually one-sixteenth of a cent per pound 

 on the cotton, while in others the service is given without additional 

 charge. 



All receipts should be bound in book form, preferably 100 to the 

 book, numbered consecutively, and arranged so as to allow the 

 making of a carbon copy. This carbon copy should be plainly so 

 marked, and should be used only for the purpose of record in the 

 office. Some warehousemen require the depositor to give written 

 acknowledgment of receipt for all original warehouse receipts 

 issued. The form of the acknowledgment may be printed on the 

 face of the carbon copy of the warehouse receipt. In case a large 

 number of warehouse receipts are issued to one person, some other 

 method of acknowledging receipt may be used, so as to avoid the 

 inconvenience of a large number of signatures. 



Form 3B (page 18) shows a form for the carbon copy of the nego- 

 tiable receipt, one-bale type. 



Upon the return of the warehouse receipts and the dehvery of 

 the cotton, the receipt should be plainly marked ''Canceled" across 

 its face. Canceled receipts should be safely filed away by a system 

 that will make it easy to refer to them if necessary. Some ware- 

 housemen paste them back into their original places in the books, 

 which makes them readily accessible. Others place them, with all 



