12
WAREHOUSES IN FOREIGN COUNTRIES.
in due time the holder of the warrant may have the goods sold ; but
the right of recourse is lost if they are not sold within thirty days
after the warrant has been protested.
The assignment of the certificate of ownership to the holder of the
warrant is in effect a legal transfer of the goods. If the certificate
of ownership is assigned without the warrant, the assignee’s title
becomes the same as was that of the assignor, and the rights of the
warrant holder are in no wise affected by the transaction.
Whenever the owner presents the entire certificate of deposit or
its two parts, and pays all storage dues and expenses, the goods must
be delivered to him. They must also be delivered to him, even
though the warrant is not in his hands, if he deposits with the ware
house a sum sufficient to cover the amount of the loan and the interest
up to the time the loan falls due. This may be done at any time
before the period of deposit or that of loan has expired.
If the warrant is paid in full, it must be surrendered; but if it is
paid only in part, then the amount paid is simply indorsed on the
warrant. In such a case the warrant holder has recourse and may
protest against all parties liable for any loss or damage sustained
by him.
The warehouse has a lien on all goods in its custody for storage
charges and expenses incurred, as well as a right to sell such goods
whenever the stipulated term of deposit has expired, or after one
year if they are deposited for an indefinite period, or at any time
when the goods are in danger of perishing.
The proceeds of such sales must be applied to the payment of
claims in the following order: (1) Custom and excise duties; (2)
expenses of sale; (3) warehouse dues and expenses; (4) claim of the
warrant holder. Any balance left must be paid to the owner.
STORAGE CHARGES.
For the purpose of fixing storage charges the warehouse adminis
tration has formed six classes of merchandise. The rates per quintal
(220.4G pounds) per week range from cents for class 1 through
one, four-fifths, three-fifths, and two-fifths of a cent for classes 2, 3,
4, and 5 to one-tenth of a cent for class 6. The classes are as follows:
Class 1.—Arms; books and prints; clothes and hats; cochineal;
ethereal oils; feathers and down; hardware; instruments, scientific
and musical; ivory and tortoise shell; leeches; medicinal barks and
lemon peel; medicines, prepared; opium; peltry; Peruvian bark;
playing cards: rubber goods; silk goods ; silkworm (eggs of) ; silver;
sponges; watches; whalebone; works of art.
Class 2.—Alcohol and spirits; amber; basket work, material for;
beverages, in boxes and baskets; biscuits; bristles, brooms, brushes,
and similar articles; buckthorn berries; camel’s hair; cassia ; chemical
products; cinnabar; cotton and cotton waste, not pressed; drugs and
spices; glass; hay and straw, baled; hemp, flax, and oakum, not in
bales; hides and skins, crude, salted, and not packed; hops; horse
hair; indigo; intestines; lampblack; laurel leaves; leather; licorice
juice; liqueurs; machinery and parts thereof ; manna; manufactures
of linen, wool, and cotton, not otherwise provided for; meerschaum ;
mirrors ; pastry; porcelain ware; pottery; quicksilver; roots for
medicines and perfumes; saddlery; saffron; senna leaves; silk co-