Lessons and Marketing Talks on Marketing Agricultural Products Volume 1 (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1922 Excerpt: ...or sold but not delivered, if assured is legally liable therefore, all while contained in the above described elevator building or in cars within 100 feet of said building, for which bill of lading has not been issued by the railroad company. This form was constructed for use in any section of the country, and describes all the products that are likely to be handled at a country elevator. Hay and straw are excluded from the general form, but may be included by the payment of an additional premium, as the handling of these products creates an extra fire hazard. When the warehouseman on the Pacific Coast looks to the farmer to carry his own insurance on stored grain, Mr. Smith carries the insurance on all the contents of his house in his own name, or, at least, he should do so whether his state laws require it or not. He has an insurable interest in all property stored in his house, as he would be liable under certain conditions for its destruction by fire or the elements. Having such liability, it is the better practice that ha carry the insurance in his own name, and be responsible for handling it, rather than depend upon the owners of the goods to insure. Their failure to do so might leave him with a heavy loss. Further, his elevator is located on railroad land, and he has signed a lease which exempts the railroad from liability for loss by fire due to the operation of their trains. Such leases have been declared null and void in one or two states, but they are valid elsewhere. An Elevator Man Is Liable A farmer storing grain and neglecting to insure, could set up the claim that the railroad was liable for any loss by fire that might occur, and if such were proven to be the case, the railroad under the conditions of the lease would look to Mr. Smith for re...